Description: This session will cover lessons learned during the course of implementing PBR by the panelists. It will focus on areas that were difficult to interpret, unexpected issues and managing the process. It will focus on potential stumbling blocks from an implementation, pricing and product development standpoint. There will also be an overview of YRT treatment to date and an update on any emerging best practices.

Description: This panel discussion session focused on the practical applications of risk theory.

Description: Regulatory change and increased focus on internal risk management are driving a renewed interest in model efficiency. In this session, we will review several new and existing tools, that show significant promise for advanced modeling of equity linked products. These include: • Clustering • Use of unique--and potentially a different number of--scenarios for each policy • Semi Monte Carlo (SMC) – this is a proprietary technique that is similar to a combination of Monte Carlo and numeric integration • Using a neural network approach to optimize some of the more complex and manual aspects of clustering and improve the fit of the clustered model • Combining SMC with the use of unique scenarios per policy

Description: The brief from the editor of Expanding Horizons for this essay was to give some personal reflections on how actuarial education and research influence actuarial practice.

Description: This is the How Amending Old Age Security Would improve the State of Canadian Women Living in the Alone Stage of Retirement abstract authored by Lori J. Curtis and Douglas W. Andrews for Session 5B of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: Mr. Rallis will discuss trends in the market for risk transfer of defined benefit plans in the US. He will also address implications of increasing longevity.

Description: The SOA’s Committee on Life Insurance Company Expenses (CLICE) has submitted its recommendation for the 2024 Generally Recognized Expense Table (GRET) for use with individual life insurance sales illustrations. The recommendation is currently being exposed for comments by the NAIC for 30 days until September 12, 2023.

Description: This is a paper from the session on the Asia at the January 15-18, 2023, 2023 Living to 100 Symposium in Orlando, Florida.

Description: Letter issued by the Society of Actuaries to Life Insurance Companies that have indicated they could contribute to a Mortality Study of Individual Variable Annuities in the Deferred Period. Instructions on how to contribute data are included.