Description: We will share the latest research from the Actuarial Innovation and Technology (AIT) Strategic Research Program, with a focus on research relevant to health actuaries. Attendees will learn about leading-edge technology that has impacts on actuarial functions, both broad and specific innovations and breakthrough technology, and the resulting impacts.

Description: Actuarial transformation initiatives often require significant investment in time and resources. However, not all initiatives deliver the desired results. Complex integrations of new data and technology pose a significant challenge for business and technology teams to deliver on time and on budget. This challenge can be overcome if addressed thoughtfully with emerging technology and business-friendly tools which offer benefits to both actuarial business users and technology professionals. In recent years, low-code technology has emerged which empowers actuaries by providing capabilities for data analytics, self-service, and visualization without requiring extensive technical prowess. Pairing these tools with emerging cloud-based data management solutions allows actuaries to quickly manage and analyze large data sets along with enhanced governance and integration. By adopting these technologies, actuaries are empowered to deliver better outcomes for their organizations Come explore a panel of actuarial business and technology experts who will share their insights and experiences on how low-code technology solutions can empower actuaries with better access to data and analytics. The panelists will discuss real-world case studies to demonstrate the practical benefits of these tools and how they can be used to achieve better business outcomes.

Description: Best-in-class analytics allow companies to quickly understand results and dynamically manage their business. When enhancing analytics, we can learn from companies that have recently deployed new dashboards for Long Duration Targeted Improvements (LDTI), International Financial Reporting Standards 17 (IFRS17) and principle-based reserving (PBR). Data transformations and new software tools provide significant opportunities, but many companies are grappling with an actionable path forward to implementing new analytics.

Description: Hardly a day goes by without a feature story about the latest reverberation from the expanding use of Artificial Intelligence/Large Language Models (tools) in a variety of settings. The pace of use (and misuse) of these tools, such as ChatGPT and Bard, has been explosive and shows no sign of abating. Many experts would argue we are on the cusp of a permanent paradigm shift in teaching/academics and overall application of technology. With these issues in mind, the Society of Actuaries (SOA) Research Institute’s Aging and Retirement program is interested in an exploration of this topic from a variety of perspectives. The result of this effort is intended to provide a useful resource for readers to become well-grounded on the issues surrounding the impact of these tools in a retirement context and set the stage for future research.

Description: The document is a research call for proposals seeking researchers to produce a report on the uses of synthetic medical claims data for actuaries. It outlines the background, purpose, research objectives, proposal requirements, selection process, and conditions for submission.

Description: This panel will take a holistic deep dive on the intersection of pending regulatory, actuarial, and technical developments in artificial intelligence (AI). Panelists will explore how AI and the diverse and evolving regulatory landscape surrounding this technology will impact actuaries' day-to-day jobs in managing risk, and what the (re)insurance industry is doing to leverage AI to streamline internal processes and simplify underwriting.

Description: This session will be an “Ask The Expert” panel. Several actuaries who have been involved with major change initiatives as either vendors, consultants, or project leads will offer their perspectives on how to help others manage expectations, adapt as unknowns become known, and deliver new insights to their audiences. Topics will include leading multi-disciplinary teams, reacting to changes in project sponsors and project team members in your absence, and transitioning professionals very set in historical ways of work to new processes. Plus Q&A time from the audience. This session will give actuaries insight into how they can manage the “people parts” of large change projects efficiently and effectively so that they can meet objectives and ensure successful outcomes for their business units.