Description: Over the last several years, the life and annuity industry has seen significant reforms to the Valuation Manual and RBC Instructions, but one outstanding item not yet addressed with recent 'VA Reform' was the economic scenario generator (ESG). The NAIC has engaged Conning, Inc. to replace the Academy's generator (AIRG) that is currently benchmarked for VM-20 and VM-21 calculations. Learn about a broad overview of the current statutory ESG reform, and possible considerations companies need to account for in the reserve and capital calculations dependent upon it. You'll explore a brief regulatory history of the ESG efforts, as well as key mechanical differences between the proposed Conning 'GEMS' model and the AIRG. We will also examine key statistical differences between the model outputs, potential implications for company risk management, and pending regulatory changes to consider before official implementation of the new ESG. With industry field testing recently completed, review of this new scenario set is still ongoing. This initiative is extremely important to the industry because it could ultimately have significant implications on companies' regulatory requirements and risk management strategies.

Description: Many insurance companies have started Diversity, Equity, and Inclusion (DEI) initiatives over the past few years to better engage with their employees and communities in new ways. Explore another important audience of DEI programs: the customers who purchase insurance products. Review research on the unique needs of specific groups that may have been underserved by insurance companies in the past. You will also touch on ways to make the insurance buying process more accessible to everyone.

Description: Agility, responsiveness, and real-time access to data are critical today, and they become even more critical tomorrow. As business leaders, we need to drive a more responsive decision-making culture, and we can do this by utilizing the concept of continuous improvement. Discover how an agile company can increase its financial IQ to improve the speed, openness, confidence, and frequency of finance-led decision-making - and ultimately position finance as the strategic core of the organization.

Description: On April 29, 2018, the Society of Actuaries (“SOA”) convened a Discipline Committee to review a matter referred by the Actuarial Board for Counseling and Discipline ("ABCD"). The Discipline Committee determined that Scott Allen, ASA, should be expelled from the SOA for material violations of the Code of Professional Conduct (“Code”), specifically Precepts 1 and 9, effective May 24, 2018.

Description: The Financial Modeling Module is an e–Learning module where candidates acquire and use knowledge that is distributed and facilitated electronically. The electronic e–Learning facility will also provide information regarding required text readings and other non–computer–based activities. It is a requirement of the Quantitative Finance and Investments (QFI) Track.

Description: The Financial Economics Module is an e–Learning module where candidates acquire and use knowledge that is distributed and facilitated electronically. The electronic e–Learning facility will also provide information regarding required text readings and other non–computer–based activities. It is a requirement of the following four tracks: Individual Life and Annuities, Retirement Benefits, Group and Health, General Insurance.

Description: When you click on the Search VEE Directory link below you will be directed to a search screen.

Description: The SOA's Committee on Discipline (COD) reviewed a referral from the Actuarial Board for Counseling and Discipline (ABCD).

Description: Fill out the conflict of interest form.

Description: This web site provides an introduction to a report that explores the linkage between risk management, capital management and financial management within insurance companies and other industries. The report was motivated by a desire to examine how companies can institute processes and infrastructure to optimize the interaction between these critical functional areas. A link is provided to the report which is entitled 'Complete Report - Linkage of Risk Management, Capital Management and Financial Management.'