Description: Product complexity, the services provided by distributors, their method of obtaining clients, and their relationship to insurers all affect the characteristics of in force membership. Selecting the distribution channel(s) for a product can have a significant effect on overall profitability. Total sales, acquisition costs, anti-selection/quality of business, persistency, control over market targeting, etc., will vary based on the initial strategy decisions and future adjustments. Gaining a high-level understanding of distribution channels will help develop an appreciation for the importance of these decisions.

Description: Come learn from a panel of LTC industry professionals as they discuss setting goals for LTC wellness, measuring success of the programs, and integrating them with other LTC process (e.g. assumption setting) in an effort to create sustainable programs.

Description: Welcome to the future of insurance, for actuaries and non-actuaries! Discover how cutting-edge AI models are revolutionizing underwriting, risk assessment, and customer experience for the insurance industry. Experts in management consulting and actuarial consulting firms will provide valuable insights into the consideration and challenges surrounding the adoption of Generative AI.

Description: How do we take a Minimum Viable Products (MVP) approach to launch new insurance products? Join this moderated discussion and focus on three key development aspects: Distribution, Systems, and the design and pricing of the Insurance product itself. Come discuss reasons to choose an MVP approach and how it solves many of the product launch challenges.

Description: Actuaries are increasingly being asked to incorporate Economic Scenario Generators into their work. Whether it be a Risk Neutral model for pricing or a Real-World version for Economic Capital modelling, using these tools can help produce a much more robust analysis. Unfortunately, these models and their underpinnings are also very complicated, which can lead to confusion. Come watch the presenters try to demystify some of this. In particular, they will address the following questions: • What is the difference between Real-World and Risk Neutral scenarios? • When should I use one or the other? • How are these models calibrated? • What are some of the misconceptions about these models? At the conclusion of the session, attendees will be able to: • Explain the difference between Real-World and a Risk Neutral scenarios • Understand the appropriate usage of both • Identify some of the calibration questions that go into developing an appropriate set of scenarios • Avoid some of the common misconceptions about these scenarios

Description: Come discuss the interaction between defined benefit (DB) plans and defined contribution (DC) plans. You'll hear more about the impact of DB plans on DC plan design and vice versa. Join us and learn about the differences in DB and DC plan governance and cross-over opportunities between these plan solutions.

Description: An introductory article for the June 2022 issue of the General Insurance Insights e-newsletter.

Description: The Society of Actuaries (SOA) Chief Executive Officer (CEO) Greg Heidrich, has been nominated as secretary-treasurer of the Association Forum, a Chicagoland association industry. Heidrich will serve a one-year term on the Association Forum’s Board of Directors. The Association Forum provides members with resources, education and networking opportunities that enhance and elevate the association management profession.

Description: This webinar will cover the basics of structured assets, their uses in the insurance industry, and ALM and capital considerations. It will also include a section with an introduction to CLO Residual Tranches and recent capital discussions surrounding them.

Description: Panelists will discuss ethical dilemmas for retirement actuaries in their day-to-day practices. This session will analyze whether ethical issues have arisen, how to avoid ethical dilemmas, and how to resolve the dilemmas if you find yourself in them. This session will also identify differences between the ethics rules of the Joint Board for the Enrollment of Actuaries and the Code of Conduct for members of the SOA and AAA. Audience members will be invited to participate in the discussion via chat.