Description: Meet Christine Hofbeck. Christine is pushing the boundaries of traditional life and general insurance by finding problems and fixing them with new technology, modeling methods and sources of data. Most recently, she built a predictive analytics team at one of the world's largest financial services institutions to support the pricing team for a $5 billion portfolio covering life, disability, critical illness and more.

Description: The Society of Actuaries' Pension Section and Health Section Research teams originally commissioned Professor Thomas E. Getzen of Temple University to construct a resource model for the projection of long term healthcare cost trends. The Society of Actuaries continues to make annual updates to the model to ensure its usefulness and relevancy.

Description: Artificial intelligence brings immense opportunities for productivity gains—and valid concerns. It can both support innovations in insurance products and in the customer experience as well as enhance our profession’s work. Actuaries share a responsibility for caution and professional judgment to use it without jeopardizing the fair and equitable treatment of individual consumers and the principals we serve.AI creates significant challenges for consumers: opacity, reliable accuracy, privacy, and verification of personal data. The Academy and its members have been working to educate and inform stakeholders, insurance commissioners, and regulators toward improving the transparency of algorithms that underlie the use of AI by insurers, to explain how the algorithms can be used to achieve equitable treatment, and to identify the issues and trade-offs related to ensuring consumer protections. We must amplify the actuarial perspective on how adequate disclosures, documentation, and governance of AI can help protect users. This session will examine how we can govern and support the evolution of better practices. We will discuss how AI is addressed via standards such as ASOP No. 56, Modeling, and other guardrails that are being developed to best utilize AI’s real-world potential and fulfill our professional responsibilities.

Description: Actuarial Standards of Practice (ASOP) #12 on Risk Classification is being revised while the Academy of Actuaries Issue Brief on Discrimination, published in August 2023, is shaping how bias and discrimination are thought through as actuaries. Individual states like Colorado and New York are suggesting approaches, and the Society of Actuaries, the Casualty Actuarial Society and other actuarial associations are providing the actuaries the tools to address practical cases.

Description: Insurance companies are substantially transforming their finance operating model. This is mainly trigged by the prevailing changes in the insurance regulatory landscape that are leaning towards principle-based reporting and valuation, which is leading to a significant increase in the effort needed for regulatory and management reporting.

Description: This article looks at an extensive integrated collection of financial mathematical modeling packages available in R, a language and environment for statistical computing.

Description: This session series is sponsored by Zelis Claim analytics produces valuable insights about provider cost, quality, and referral patterns. Provider networks can be created around high-value providers to improve clinical outcomes while lowering the cost of care. Programs to improve provider performance and/or incentivize members to choose high-value providers exist, but how do you bring all of this together to achieve desired outcomes? Join us to learn how to leverage provider level analytics to build and optimize a network with high-value providers at the center. Analyze the network for competitiveness and adequacy and demonstrate progress toward network cost saving goals to key stakeholders by modeling claim data for a member population. Finally, ensure the success of your network through an incentive program that shifts utilization to those high performing providers. By attending this session, you will be able to: - Build a realistic provider network with high-value providers at the center. - Evaluate the overall financial impact of network build and optimization efforts. - Learn about an innovative member incentive program.

Description: As technology continues to improve, the actuarial profession is challenged by the tremendous potential benefits of new technology and the concurrent creation of new risks that accompany it. Technology should enable good work products that meet strict deadlines, deliver meaningful information to regulators and shareholders, and inform management teams about opportunities to develop our businesses. Answering questions about what technology we might use and how it can aid in making the best investment in our operations is key to making value proposition arguments to support the adoption of new technology in the workplace. Learn practical examples of automation as it's applied in actuarial practice, a potential composition of the actuarial toolkit and the business of managing the use of automation. Advance the state of your workplace art through several angles of this topic as: - Categories and purposes of several kinds of automation and supporting tools that might be used in actuarial practice - How management messaging and culture affects the way automation tools are used and how technical risks are managed - Implementing automation based on the presented case studies

Description: Artificial Intelligence (AI) has become a key component of the insurance landscape and getting full value from an AI depends on much more than simply building the model. Please join us to hear the challenges and potential solutions around successfully deploying an AI-driven initiative within an organization. Hear from panelists as they describe the human impacts of model implementation, how to assess a model for effectiveness and (lack of) bias, and detail the journey of implementing AI-driven underwriting models at a large insurance company.

Description: How do Professionalism and the Actuarial Standards of Practice apply as the way we work and tools we use continue to change? Business is conducted via social media and messaging and Generative AI allows for additional scenarios, analysis and oversight. Join us for an interactive session to go deeper into these topics including case studies, polls and a panel discussion.