Description: Inflation can impact retirement and retirees in a variety of ways. With inflation as a reality in the current economic environment, the Society of Actuaries Research Institute's Aging and Retirement Strategic Research Program has explored this issue in recently published research and essays. This webcast will present results of that work, sharing different aspects of inflation's impact on retirement including savings, investment choices and the impact on retirees themselves.

Description: Gain an overview of the requirements for the new asset adequacy Actuarial Guideline 53 (AG53) guideline for complex assets. You will discover helpful insights and considerations for multi-scenario testing and sensitivity testing as well as approaches to developing attribution analyses for complex assets. You will also receive insights from any published regulatory materials that help describe what worked well and what needs improvement based on the initial AG 53 submissions from year-end 2022.

Description: Discover investing trends across the life and health industry as insurers seek to navigate rapidly changing rate and market environments. BlackRock will present results from its Peer Risk Study, which models industry holdings based on statutory filings at the CUSIP level. Through the Aladdin risk modeling software, expect a production of deep insights into insurer portfolio risk and return characteristics, as well as exploring how they have evolved. Keep an eye out for a partner to present on the evolution from their perspective. Start learning about what is happening on the asset side of the balance sheet across the industry.

Description: Come discuss modeling costs and its governance, as well as introduce some platforms for more granular asset modeling.

Description: In this video Eric Milner, ASA MAAA explores financial risk management and hedging strategies, catering to both seasoned professionals and newcomers. It covers essential topics such as hedging techniques to stabilize portfolios, determining optimal hedging rations, and assuring risks using metrics like Value at Risk (VaR). Additionally, it delves into various risk management categories including credit, interest rate, foreign exchange, equity, volatility, and liquidity, emphasizing the importance of understanding these strategies for maintaining financial stability in dynamic markets. Contributors: Eric Milner, ASA, MAAA ; Fiona Fan FSA, MAAA; Emelia Bruera, FSA; Jon Forster ASA, MAAA

Description: Over a short span of two weeks, the financial system has observed the collapse of two mid-sized U.S. commercial banks, California-based Silicon Valley Bank (“SVB”) and New York-based Signature Bank, and a takeover of troubled Credit Suisse by a rival in Europe. Other banks that serve a similar demographic as SVB, such as First Republic Bank and PacWest Bancorp, have also experienced an elevated level of customer deposit withdrawals while their stock prices plummeted. The U.S. Federal Deposit Insurance Corporation (FDIC) quickly stepped in and guaranteed all deposits from the failed banks to prevent a broader crisis in the banking system. The current turmoil in the financial system is a stark reminder of the importance of effective risk management and regulation.

Description: In honor of Bob Barker's 100th birthday (December 12, 2023), we will examine the emerging development in the opaque world of health care prices. 'Referenced Based Pricing' has been a cost-cutting strategy applied by some self-insured employers, but administration, employee dissatisfaction with balance billing, and litigation have been barriers to growth. The new transparency data has yielded research indicating that 'cash prices' are lower than commercially negotiated rates in some areas. Dive in with industry experts as they discuss emerging trends of how consumers, employers, and health insurers will pay for health care services.

Description: Financial planning and analysis (FP&A) has become increasingly important to the life insurance industry in recent years. Insurance companies must navigate complex changes in financial reporting and capital requirements to manage risk effectively. Furthermore, technological growth has changed the landscape of the theoretical capabilities of FP&A; however, many FP&A areas struggle to implement the sophisticated modeling techniques required to manage the long-term liabilities associated with life and annuity products.

Description: This session will consider how catastrophic gaps in risk management practices contributed to the failure of regional banks in the first half of 2023. Panelists will explore ERM practices and potential corrective actions, based on insurance industry and pension plan best practices, that could have mitigated against the failures.

Description: New web page that describes the new e-learning FSA module Scenario Modeling. It replaces Financial Reporting Module in the QFI track.