Generative AI: Opportunities and Pitfalls for Actuaries
Our speakers discussed how actuaries are using AI today, what makes generative AI different, and how generative AI intersects with actuarial practice.
(October 12, 2023)Generative AI: Opportunities and Pitfalls for Actuaries
Our speakers discussed how actuaries are using AI today, what makes generative AI different, and how generative AI intersects with actuarial practice.
(October 12, 2023)Buy-Out Group Annuity Purchase Primer: Pension Plan Sponsor’s Role and Considerations
A new issue brief, Buy-Out Group Annuity Purchase Primer: Pension Plan Sponsor’s Role and Considerations, from the Pension Committee focuses on “buy-out” annuity contract transactions, one of the ways pension plan sponsors transfer pension payment responsibilities and associated risks to other parties. During this webinar, our speakers will dive into the brief and its key points, and discuss considerations to keep in mind.
(October 11, 2023)Navigating the Cyber Risk Landscape: New and Emerging Work
The cyber risk landscape continues to evolve. The Academy’s Committee on Cyber Risk spoke on new and upcoming resources that provide valuable insights into the world of cyber risk.
During this webinar, speakers discussed key points from the latest addition to the Cyber Risk Toolkit—“Digital Assets and Their Current Roles Within Cybercrime.” This paper provides a baseline understanding of digital assets for insurance industry practitioners whose lines of business may interact with digital assets and highlights recent trends surrounding their use within cybercrime.
Speakers will also give a preview of two soon-to-released Toolkit chapters, “Personal Cyber: An Intro to Risk Reduction and Mitigation Strategies” and “Cyber Vendor Model Comparison.”
(October 10, 2023)Valuing Gender Expansive Data in Pension Plans
A new issue brief released by the Pension Committee, Valuing Gender Expansive Data, examines issues pension actuaries might consider when performing an actuarial valuation using sex/gender expansive data—data on sex/gender that is either missing or nonbinary. This webinar will present topics from the issue brief, which also discusses several possible approaches to handling such data and setting reasonable actuarial assumptions.
(September 27, 2023)PBR Bootcamp: Hedge Modeling
The Valuation Manual requires that all hedges be modeled. Are you prepared for this? The webinar discussed:
P/C Public Policy Update—Summer 2023
Hear updates from the Casualty Practice Council on the latest public policy developments and the Academy’s work in these areas. Topics to be covered include:
Attendees will gain insights on relevant and upcoming P/C issues that may impact their work.
(August 31, 2023)PBR Bootcamp: Combination Products
Both life insurance and annuity products may include health care benefits, such as long-term care or critical illness benefits. This webinar will discuss:
Holy Moly, Let’s Talk COLI
Corporate-owned life insurance (COLI) is a niche product with some unique features for the buyer and the seller. This webinar provided a baseline understanding of the history of COLI, what COLI is and is not, general product information and how COLI works, as well as some actuarial considerations pertaining to COLI product development and maintenance. The panel discussed COLI and took questions to give the audience an introduction to COLI.
(August 29, 2023)PBR Bootcamp: Liability Modeling
The PBR Bootcamp series continues with a discussion of liability modeling. During this session, our dynamic speakers covered the following topics:
Drivers of 2024 Health Insurance Premium Changes
In this virtual briefing, members of the Individual and Small Group Markets Committee of the American Academy of Actuaries’ Health Practice Council highlighted the drivers affecting premiums for 2024. They provided an overview of the major drivers and discuss why premiums could differ, and walk through the factors actuaries might consider in the premium rate-setting. They explored several possible drivers of changes in health insurance premiums, including: