From Experience Data to Assumptions

How do you take experience data and turn it into a full-fledged assumption? This webcast will include two assumption development case studies; one for life and another for annuities to show how data becomes an assumption, as well as how the same data can lead to multiple assumptions that are fit for different purposes.

At the conclusion of the webcast, attendees will be able to articulate how actuaries use data to develop assumptions.

Kelly J. Rabin, FSA, MAAA (Moderator)

Principal, Rabin Advisors, LLC

Kelly Rabin is a Principal with Rabin Advisors, LLC, based in the Seattle area. She has held a number of leadership roles at life insurance companies and consulting firms. Her expertise includes pricing and product development, reinsurance, financial reporting, modeling, assumption setting, and BOLI/COLI. Recent areas of focus include underwriting modernization, 2017 CSO, PBR, and IFRS 17. She is an alumna of Drake University with majors in actuarial science and economics with business emphasis.

Christopher Halloran, ASA

Senior Consultant, Actuarial Practice, Oliver Wyman

Christopher Halloran is a Senior Consultant with the Actuarial Practice of Oliver Wyman and leads the Charlotte office. His primary responsibilities are to provide actuarial consulting services to various insurance entities and organizations. He is frequently engaged in assumption development and review projects and is currently leading Oliver Wyman’s COVID-19 task force from a life insurance perspective.

Christopher John Hessenius, FSA, CERA, MAAA

Sr Pricing Actuary, PartnerRe

Christopher Hessenius has extensive experience in life insurance product development and pricing. He is currently a Senior Pricing Actuary at PartnerRe where he is responsible for a broad range of tasks including business development, pricing, and research. Christopher specializes in the development and pricing of new products and his interests bringing innovative solutions to market that will enable more individuals to purchase life insurance and reduce the protection gap in America Prior to joining PartnerRe, he was head of product development and pricing for John Hancock’s direct to consumer (DTC) life insurance business. He led a team that was responsible for all aspects for DTC product development from application to issue. This included application simplification, streamlining of underwriting, and methods to drive customer engagement post-issue. Prior to leading DTC product development, Christopher supported specialty product development at John Hancock which included proprietary products for high net worth clients, COLI/BOLI, and international universal life products. In addition, Christopher has led pricing initiatives for VUL and joint-life UL products. Christopher is a graduate of Providence College where he studied mathematics and quantitative economics

Harold E. Luber, FSA, CERA, MAAA

Lead Director - Actuarial, Equitable

Harold Luber is the Head of Actuarial Assumptions at Equitable, where he is responsible for experience studies and setting assumptions for all reporting bases across all lines of business, as well as supporting the Chief Actuary in the governance of pricing assumptions. He has previously held senior positions in inforce management and financial reporting and has been involved in two unsuccessful Big Data projects (and one successful one).

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Webcast Session
07/16/2020 at 4:00 PM (EDT)  |  Recorded On: 07/21/2020
07/16/2020 at 4:00 PM (EDT)  |  Recorded On: 07/21/2020
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