Description: The InsurTech market in China is divided into three categories, including online sales of traditional products through internet channels, product upgrades driven by technology, or the creation of more targeted products, and the innovation of eco-system-oriented products, or insurance service by data analysis. The market is expected to reach 1.4 trillion RMB in total.As the digital revolution goes deeper, new technologies have infiltrated into all business models in insurance companies and have promoted the generation and development of the InsurTech market. Digital technologies have been widely used by traditional insurance companies to optimize the procedures and products of the current value chain, bringing a virtuous cycle between InsurTech and the online eco-system. As a result, these traditional insurance companies can expand their business from insurance only to personal finance and other extended services, building a comprehensive solution for the eco-system. Technology is the cornerstone for the business development and innovation of insurance.

Description: Learn various ways that actuaries are an making an impact on social issues such as healthcare, public health and climate change. Do you ever wonder if the actuarial profession is doing more than making bottom line revenue for its employers? Hear directly from multiple actuaries who are following their vocation by utilizing their actuarial skills to address real societal issues.

Description: This presentation at the Actuarial Research Conference describes summer actuarial science programs for minority high school students and the role they have in the profession's diversity efforts. Expanding the number of such programs is explored.

Description: Since the world in which actuaries work is both expanding (through 'data science' opportunities) and contracting (since 'data scientists' are doing work formerly done by actuaries), the role of education actuaries is at a tipping point. Members of the Society who are in higher education and representatives from the business community will discuss ways in which the two worlds of business and education have worked together in the past, what can be done by each group to assist the other, and what the future may hold.

Description: The actuarial profession is marching into the age of Big Data. Increasingly, employers in various actuarial fields are requiring new hires to have sophisticated knowledge in statistics and data science. To meet the new demands from the industry and the profession, one of the key additions to the SOA’s new curriculum is an exam in Statistics for Risk Modeling (SRM) which includes modern statistical and data science techniques. There is also a new proctored project on Predictive Analytics, as a capstone requirement following the completion of the SRM Exam. At the University of Toronto, we recently underwent a major actuarial science curriculum redesign, in order to stay current with new trends and demand from the profession and in line with the new professional curriculum.

Description: The president of the SOA speaks about creating an actuarial 'brand'.

Description: To discuss actuaries, as a rational group with systematic professional knowledge training in life insurance companies, should participate more in the discussion of enterprise management and make greater contributions to the industry at the stage when the industry is facing transformation and exploring new development ideas.

Description: The speaker hopes to share and exchange his own experience and thinking in enterprise management with colleagues in the industry, so as to better solve problems for the enterprise to enhance and expand the value of actuaries themselves.

Description: Over the last few years, many direct companies have started inforce management programs and are now navigating what actions can be taken to optimize the business. At the same time, the legal, compliance, and regulatory environments are also changing. The presenters will explore the development and implementation of programs such as changing non-guaranteed elements or efforts to improve experience while considering the changing compliance environment, including New York Regulation 210, ASOP2 and litigation challenges.

Description: Forming a view on what the tail looks like for various risk factors involves both technical know-how and considerable judgment. The presenters focus on what needs to be addressed when setting financial market risk and insurance risk assumptions, in particular when assessing the question of diversification and the treatment of tail dependencies between risks and lines of business: