Description: Understanding How Families Search for Long-Term Services and Supports

Description: In this session, morbidity and life expectancy trends are discussed. In addition, a case study in R on how to model the uncertainty associated with incidence of disability, disabled and active deaths and other terminations is presented.

Description: This article explores the possibility of using innovations from the financial markets to reduce some portion of the LTC risk and thus encourage the growth of the product.

Description: In the United States, individuals needing long-term services and supports (LTSS) access care, utilize services, and pay for their services in various ways. The authors explore how the need for, utilization of and payment for long-term services and supports differ in the U.S. by population cohorts. Their primary focus is disparity by race and ethnicity, but they also consider variations by geography, family structure, age, sex, gender and other socioeconomic factors.

Description: Table constructed from lifetime long-term care cost studies conducted by P.J. Eric Stallard, ASA, FCA, MAAA, Center for Demographic Studies, Duke University.

Description: With current trends in aging and life expectancy, long-term care needs represent a significant burden for many families. This burden falls unevenly based on several factors and inherent challenges. Hear a presentation of two recent Society of Actuaries (SOA) Research Institute reports: One that looked at disparities in the need for long-term services and support by race and ethnicity, among other factors, and another that reviews the cost and burden of informal caregiving. These reports, sponsored by the SOA Research Institute's Aging and Retirement and Diversity, Equity and Inclusion Strategic Research Programs represent the latest thinking in this area. Come learn the results of these efforts and take advantage of the opportunity to help shape further work in this area.

Description: Mortality Model Selection and Combination in RAlternative approaches for selecting mortality models and forecasting mortality have been proposed. The usual practice is to base mortality forecasts on a single mortality model selected using in-sample goodness-of-fit measures. However, cross-validation and other alternative out-of-sample measures are increasingly being used in model selection, and model combination methods are becoming a common alternative to using a single mortality model. Such methods combine predictions from multiple mortality models to reduce model choice uncertainty and improve forecast accuracy. Explore techniques to select and combine mortality models using the freely available open source R package CoMoMo (https://github.com/kessysalvatory/CoMoMo), which extends the widely used R package StMoMo (https://CRAN.R-project.org/package=StMoMo). We will use data for the USA and other countries to discuss and demonstrate four different model combination approaches including simple model averaging, Bayesian model averaging, model confidence set, and stacked regression ensembles.

Description: "Living to 100 in the time of COVID-19: A Study of Late –Life Mortality Trajectories, Leonid A. Gavrilov, Ph.D., Natalia S. Gavrilova, Ph.D., Academic Research Centers, NORC at the University of Chicago Swedish Mortality Does Not Decelerate in Recent Cohorts, or Does it? – Roland Rau, Ph. D., Professor, University of Rostock & Max Planck Institute for Demographic Research, Rostock, Germany; Marcus Ebeling, Ph.D., Karin Modig, Ph.D., Associate Professor, Anders Ahlbom, Ph.D., Professor Emeritus, Karolinska Institute, Stockholm Sweden; Kai Kaufhold, Aktuar DAV, Ad Res Advanced Reinsurance Services GmbH, Cologne, Germany; Annika Ziegler, Lukas Stake, Hochschule Koblenz & Ad Res, Germany"

Description: Come and learn about one of the long-term care (LTC) industry's hottest trends: Wellness programs. Discover key insights from Oliver Wyman's 2022 and 2023 industry surveys on LTC wellness programs, focusing on the evolution and expansion of wellness programs over the last few years. In addition, listen in as a panel of industry representatives share their perspectives on challenges faced, lessons learned and next steps in their wellness journey. Gain impactful insights and takeaways from our panel of experts (with wide-ranging familiarity of LTC and wellness programs), who will pull from their first-hand knowledge.

Description: 2021 ImpACT Conference -Session 8B: Combination Product Development and Risk Management 10.27.21 Recording