Download this year’s program.
See breakout sessions organized by practice area: 
 
Focus on Casualty Focus on Health
Focus on Life Focus on Pension
 

Agenda 
Times are subject to change

  Tuesday, November 14, 2017
8 a.m. to 5 p.m.  

Registration Open
Kennedy Ballroom Foyer

8 to 9 a.m. Breakfast Service Available
Grand Ballroom
9 to 10 a.m.

OPENING PLENARY & PANEL DISCUSSION Estimated CE: 1.2
Grand Ballroom

  • Welcome from Bob Beuerlein, President, American Academy of Actuaries
  • Plenary Speaker: S. Roy Woodall, Jr., independent member of the Financial Stability Oversight Council (FSOC)


PANEL DISCUSSION: International Insurance Update--Progress in the Development of the ICS by the IAIS

This panel will discuss the latest developments taking place at the International Association of Insurance Supervisors as they continue to craft a risk-based global Insurance Capital Standard (ICS). Both panelists have been actively involved in the development of the ICS as well as a variety of Insurance Core Principles (ICPs). The panelists will discuss their recent work to promote the IAIS’s goal of creating a sound capital and supervisory framework for the insurance sector, and will provide attendees with a relevant and timely review of international insurance matters.

  • Moderator: Elizabeth K. Brill, MAAA, FSA, Solvency Committee Chairperson
  • Panelists: Romain Paserot, Deputy Secretary General and Head of Capital and Solvency, International Association of Insurance Supervisors (IAIS); Craig Thorburn, MAAA, ASA, FIAA, Lead Insurance Specialist, World Bank
10 to 10:15 a.m. Break
10:15 to 11:45 a.m.
Morning Breakout Sessions | Estimated CE: 1.8

HEALTH | Modeling the Individual Mandate
Roosevelt
Learn how the Congressional Budget Office models the individual mandate’s effect on coverage projections, with reactions from policy experts from the American Enterprise Institute and the Urban Institute. 
  • Moderator: Catherine Murphy-Barron, MAAA, FSA, Research Task Force Chairperson
  • Speakers: Alexandra Minicozzi, Congressional Budget Office; Joe Antos, American Enterprise Insitute; Linda Blumberg, Urban Institute
PROPERTY/CASUALTY | Flood Insurance: The Changing Picture
Decatur
Congress needs to reauthorize the National Flood Insurance Program (NFIP) this year. What happened? What are the changes moving forward? What does the future look like for insurers, regulators, actuaries, and consumers? What is the new role for private insurers in the flood insurance market? How might rising sea levels affect the NFIP? 
  • Moderator: Rade Musulin, MAAA, ACAS, Vice President for Casualty 
  • Speakers:  Terry Dinan, Congressional Budget Office; David Maurstad, Federal Emergency Management Agency 
 
PENSION | Multiemployer Pension Plans: Is There a Runaway Ramp Before the Cliff?
Culpeper
Of the more than 10 million people who participate in multiemployer pension plans, 1 million or more are in plans that are unlikely to be able to fully deliver the pensions they have promised. In addition, the Pension Benefit Guaranty Corporation (PBGC) is likewise projected to fall short on its commitment to serve as a backstop to these troubled plans. As the clock keeps ticking toward insolvency, stakeholders are reaching deep to find creative steps that will ease the burden on pensioners and be both fair and affordable to the industry and the taxpayers. This session will focus on various mitigation approaches that are currently under consideration. You will hear directly from key parties about the challenges, barriers, and possible outcomes. 
 
  • Moderator: Jason Russell, MAAA, FSA, EA, Vice Chairperson of the Multiemployer Plans Subcommittee
  • Speakers: Stan Goldfarb, MAAA, FSA, EA, Horizon Actuarial Services; Kevin McDermott, U.S. House Committee on Education and the Workforce; Michael Scott, National Coordinating Committee for Multiemployer Plans (NCCMP)
 
LIFE | Solving for Solvency
Imperial I
Insurance company solvency received renewed focus as a result of the financial crisis. State, federal and international regulators have introduced new oversight tools and capital measures. The panel will discuss changes in the approach and methods to determining solvency in the U.S. and the public policy implications for insurance markets and product offerings. The professional responsibilities of the actuary in insurance company solvency will be highlighted. 
 
  • Moderator: Jeffrey Schlinsog, MAAA, FSA, Vice President of the Academy Risk Management and Financial Reporting Committee
  • Speakers: Larry Bruning, MAAA, FSA, National Association of Insurance Commissioners; Philip Barlow, MAAA, FSA, D.C. Department of Insurance, Securities, and Banking; Li Cheng, MAAA, FSA, Prudential Financial; Elizabeth Ward, MAAA, FSA, MassMutual
 
11:45 a.m. to 1:30 p.m.

 LUNCH: Presentation of the Jarvis Farley Service Award,
 Annual Meeting, and Keynote Address
Grand Ballroom

Lunch service ends at 12:15 p.m.
1:30 to 1:45 p.m. Break
1:45 to 3:15 p.m. Afternoon Breakout Sessions | Estimated CE: 1.8

HEALTH | The Uncertainities in Health Care (Part 1)
Roosevelt
With the 2016 election bringing a Republican Administration and Congress to Washington, efforts to repeal and replace the Affordable Care Act (ACA) have taken center stage throughout much of 2017. Despite close passage of the American Health Care Act in the House and consideration of multiple proposals (i.e., Better Care Reconciliation Act, Graham-Cassidy-Heller-Johnson, and most recently Alexander-Murray), “uncertainty” remains the key word for 2017 and 2018. Join Congressional staff for up-to-date information on the status of legislative efforts to stabilize the individual market.
 
  • Moderator: Cori Uccello, MAAA, FSA, FCA, Senior Health Fellow
  • Speakers: Adam ‘Buck’ Buckalew, U.S. House Energy & Commerce Committee (Majority); Melanie Egorin, U.S. House Ways & Means Committee (Minority); Colin Goldfinch, Senate Health, Education, Labor and Pensions Committee; Virginia Heppner, Senate Health, Education, Labor & Pensions Committee; Stuart Portman, Senate Finance Committee (Majority)
 
PROPERTY/CASUALTY | Auto Insurance in the 21st Century
Decatur
Speakers will provide an intriguing look at new and emerging technologies and how they will impact—and already are affecting—automobile insurance. Included will be a discussion of autonomous vehicles, shared vehicles, and distracted driving and how these new developments will impact consumers, regulators, and insurers. 

  • Moderator: Steve Armstrong, MAAA, FCAS
  • Speakers:  Megan Klein, Arity; David Zuby, Insurance Institute for Highway Safety 
 
PENSION | Public Pension Plans: The Pothole-Filled Road to Retirement Security?
Culpeper
Underfunded public pension plans and the increased share of government budgets they consume have generated plenty of headlines, but how deep and pervasive are the problems? This session will focus on the sustainability of state and municipal retirement programs. Speakers will dive inside the data to explore the characteristics and patterns of plans that are sustainable as well as those that may have problems in the short, intermediate, or long-term—and why. Speakers will share their perspectives on how pension plans are evolving in response to growing pension costs and risks, and on how to maintain a sustainable plan while managing the competing priorities of running a state or local government. 

  • Moderator: Bill Hallmark, MAAA, EA, ASA, FCA, Vice President for Pension
  • Speakers: Thomas Aaron, Moody’s; Alex Brown, National Association of State Retirement Administrators; Don Boyd, Rockefeller Foundation
 
LIFE | Finding a Balance: The Role of Nonguaranteed Elements in Life Insurance and Annuity Contracts
Imperial I
Americans have been purchasing life insurance and annuity contracts with nonguaranteed elements (NGEs) for decades. But when insurance companies change NGEs on policies in force, the public reaction is often a mix of surprise and concern. This session will consider the pros, cons, and history of NGEs, review emerging state governance, and contemplate approaches to improve customer experience. 

  • Moderator: Laura Hanson, FSA, MAAA, Allianz Life Insurance Company
  • Speakers: Rhonda Ahrens, MAAA, FSA, Nebraska Department of Insurance; Shaunda Patterson-Strachan, JD, Carlton Fields; James Jorden, JD, Carlton Fields; Gabe Schiminovich, MAAA, FSA, M Financial; David Wexler, CLU, ChFC, AEP, Greenberg, Wexler & Eig, LLC
 
3:15 to 3:30 p.m. Break
3:30 to 5 p.m.
AFTERNOON PLENARYEstimated CE: 1.8
Professionalism Under Pressure
Grand Ballroom

This plenary session will feature introductory remarks by Alberto Mora, senior fellow at the Harvard Kennedy School of Government’s Carr Center for Human Rights Policy. Mora’s career includes broad experience in the law, industry, and government; he received the John F. Kennedy Library Foundation’s Profile in Courage Award in 2006 for his work while serving as General Counsel of the Department of the Navy (2001-2006) opposing the authorization of coercive interrogation techniques. An interactive discussion will follow, featuring expert panelists, joined by Mora, who will delve into specific examples and the broad cross practice questions raised for the profession. Topics will include how the Code of Professional Conduct governs, and how public interest considerations should inform, actuarial work generally—not limited to the public pension plan issues—and how actuaries can maintain professionalism under pressure, serve the public, and articulate the actuarial perspective in public policy and societal issues where actuaries can make a difference.

  • Plenary Speaker: Alberto Mora, J.D., Senior Fellow, Harvard Kennedy School of Government’s Carr Center for Human Rights Policy
  • Panelists: Sherry Chan, MAAA, FSA, FCA, New York City Office of the Actuary;  Bill Hallmark, MAAA, EA, ASA, FCA, Vice President, Pension; Janet Fagan, MAAA, FCAS, Past ABCD Chairperson
  • Moderator: Tom Terry, MAAA, EA, FSA, FCA, Past President and International Actuarial Association President
6 p.m.

Reception
Kennedy Ballroom Foyer

7 p.m. 

Dinner
Grand Ballroom 
Entertainment to be provided by the Shakespeare Theatre Company.

  Wednesday, November 15, 2017
8 a.m. to Noon Registration Open
Kennedy Ballroom Foyer
8 to 9 a.m. Breakfast Service Available
Kennedy Ballroom
9 to 10 a.m. 

 MORNING PLENARY  | Estimated CE: 1
Kennedy Ballroom

Plenary: Journalists’ Panel Discussion on Health Policy
Staying on top of public policy debates is not always easy. There are constant changes—from tweaks to major reforms. The ongoing health care reform debate provides an example of how this conversation occurs in the public space from an insider’s perspective. A panel featuring some of the country’s top health policy reporters will talk about this past year’s health care reform policy debate, discuss how they sift through and interpret the information, and provide perspective on how health care policy is reported.
 
  • Moderator: Julie Rovner, Chief Washington Correspondent, Kaiser Health News
  • Speakers: Stephanie Armour, Health Reporter, The Wall Street Journal; Joanne Kenen, Executive Editor, Health, Politico; Dylan Scott, Policy Reporter, Vox
     
10 to 10:15 a.m. Break
10:15 to 11:45 a.m.
Morning Breakout Sessions | Estimated CE: 1.8

HEALTH | Even More Uncertainties in Health Care (Part 2)
Roosevelt
In yesterday’s session, panelists focused on potential legislative changes in health care this year, but that’s not the only area of uncertainty in the health care system. Implementation of the Affordable Care Act is ongoing, and representatives of the Center for Consumer Information and Insurance Oversight will discuss the latest updates with respect to regulatory changes under current law.
 
  • Moderator: Shari Westerfield, MAAA, FSA, Vice President of the Health Practice Council
  • Speakers: Kelly Drury, CCIIO, CMS; Sean Finnegan, CCIIO, CMS; Jeff Wu, CCIIO, CMS; Allison Yadsko, Issuer and Plan Policy Branch, CCIIO, CMS
 
PROPERTY/CASUALTY |  2018 Preview: A Survey of the State & Federal Landscapes
Decatur
Speakers will address expected hot topics for next year in Congress, the state legislatures, and state regulatory agencies. Topics to be discussed may include: climate change, cyber risk, risk-based capital, travel insurance, Big Data, international reserving standards, and more. 
 
  • Moderator: Kevin Ryan, MAAA, FCAS, Senior Property/Casualty Fellow
  • Speakers: Diane Horn, Congressional Research Service; Dave Snyder, Property Casualty Insurers Association of America; Brooke Stringer, National Association of Insurance Commissioners 
 
PENSION | National Retirement Policy Objectives: Are We on the Same Page?
Culpeper
American taxpayers spend significant resources supporting retirees and encouraging working Americans to save for their own retirement, but are we getting what we want? What we need? Social Security is not on a sustainable path, and relying solely on Social Security may not allow retirees to maintain their standard of living. Half of the population is not covered by an employer-sponsored retirement plan, and most who are covered have no guaranteed lifetime income other than Social Security. In this session, speakers will discuss what our national retirement policy objectives should be and assess the adequacy and efficiency of current policies in achieving those objectives. 
 
  • Moderator: Ted Goldman, MAAA, FSA, FCA, Senior Pension Fellow
  • Speakers: Andrew Biggs, American Enterprise Institute; Josh Gotbaum, Brookings Institution; Frank Todisco, Government Accountability Office
 
LIFE | Emerging Trends in Mortality
Imperial I
Understanding the drivers of changes in mortality trends is crucial in terms of developing legislative and regulatory frameworks that support an aging population, including ensuring sustainable public programs and individual health and retirement security. Researchers and regulators are taking steps to understand and address these trends, from studying socio-economic implications for mortality to exploring the effects of the ongoing opioid epidemic to updating mortality improvement factors to reflect mortality risk in statutory reserves and/or risk-based capital. Panelists will discuss a number of these emerging trends in mortality and the latest research on the various drivers. 
 
  • Moderator: Mary Bahna-Nolan, MAAA, FSA, CERA, Chairperson of the Life Experience Committee
  • Speakers: Stephen Goss, MAAA, ASA, Social Security Administration; Arialdi M. Miniño, MPH, Centers for Disease Control and Prevention, National Center for Health
 
11:45 a.m. to 1:30 p.m. LUNCH
Kennedy Ballroom
Lunch service ends at 12:15 p.m.

The American Academy of Actuaries believes in good faith that your attendance at select sessions may constitute relevant continuing education and an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States depending upon your area of practice. Under the U.S. Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.
 
In 2016, attendees earned up to 12 hours of CE, including 1.8 hours of professionalism CE. Enrolled Actuaries attending the three pension breakout sessions earned up to 5.4 “non-core” CPD credits under the JBEA rules. Good-faith estimates of credit for this year will be made available as the agenda is finalized.

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