Description: This session will provide insights into current industry allocations to asset classes with a focus on emerging and growing allocations to complex assets. Additionally, participants will gain an understanding of the risks associated with complex assets and the associated regulatory discussions.

Description: This article will examine four approaches under two different methods (eight in total) used to combat the non-additivity of key rates and will compare them under a number of rate environments.

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.

Description: This webinar is a panel discussion covering the technology behind blockchain and digital assets as well their uses, implications and risks. Investment considerations for both tokens and fund structures, along with a variety of other topics in the space will be addressed.

Description: Learn about considerations and industry observed trends which cover different ways companies try to manage their inforce business in low and rapidly rising interest environments. You will explore M&A, block transaction, and offshore reinsurance solutions.

Description: In this article, we summarize inflationary factors that may result in a sharp increase in interest rates and implications for life insurer convexity risk exposure, most notably to dynamic policyholder lapsation. We further provide insights into potential ALM strategies to mitigate this convexity risk. Due to the prolonged low-interest rate environment and low minimum interest rate guarantees offered to policyholders, liability convexity is higher than prior historical periods, which results in life insurers’ ALM positions being extremely vulnerable to short-term interest rate spikes. Convexity mismatches cause issues for life insurers under both rising and declining interest rate scenarios. This means that life insurers are not compensated for taking convexity risk and, therefore, convexity matching should always be considered in the asset optimization process. There are mixed signals from policymakers and financial markets regarding potential inflationary and sharply rising interest rate scenarios. The key takeaway is that life insurers are not compensated for taking convexity risk and it is the right time for insurers to review convexity exposure. There are different approaches available to mitigate convexity exposure through rebalancing of asset positions and hedges within each life insurer’s risk limits.

Description: The growing global recognition of the importance of climate-related risks (transition and physical) has triggered a significant demand for research on the interface between climate and actuarial sciences, for example on the impact of risks from climate change on insurance markets and their operations. Furthermore, the systemic nature of climate-related risks underpins actuaries’ need to engage and work with diverse groups of stakeholders, including clients, communities, governments, regulators, boards, and investors. Contributions are invited for a special issue of the Annals of Actuarial Science featuring research on the topic ‘Managing Climate-Related Risks’. This special issue aims to capture leading interdisciplinary thinking, with clear relevance to actuarial problems in pensions and insurance.

Description: it discusses the framework and modeling of the market consistent valuation of fixed indexed annuity, against the backdrop of the convergence of accounting standards and internal risk management.