GAAP Targeted Improvements (GTI): Data Impacts and Plausible Solutions

There is a lot of focus on GTI and its impact on modeling, methodology and transition. However, given the dependencies that exist on the data infrastructure, the implementation of the guidelines is an ideal opportunity to streamline and improve data storage, data transformation and reporting processes to create an efficient, effective and scalable data solution.

The presenters will focus on the specific impacts and possible solutions to the following data processes:
• Inforce data, experience studies and assumption setting
• Post model data feeds and subledger processes
• Data warehouse and reporting systems

At the conclusion of the webcast, attendees will be able to:
• Understand key data processes that will be impacted under GTI
• Identify plausible solutions to create improved and scalable processes
• Utilize the knowledge gained to apply it to their GTI implementation strategy for an improved overall data framework

Vikas J. Advani, FSA (Moderator)

Oliver Wyman

Vikas Advani is a senior consultant with Oliver Wyman where he leads data initiatives in the US life actuarial practice. He worked for over 10 years in the technology consulting for life insurers before deciding to become an actuary. Vikas has spent the last 4 years working in the actuarial technology space with a focus on data and analytics. He is a Fellow of the Society of Actuaries.

Pratik Gupta, FSA, CERA

Sr. Consultant, KPMG LLP

Brian P. Lenius, FSA, MAAA

2nd Vice President and Actuary, Standard Insurance Co

Brian Lenius, FSA, MAAA (Standard Insurance Company, “The Standard”), draws on nearly 30 years’ experience in multiple technical disciplines, including valuation, financial reporting, pricing, forecasting, risk assessment, portfolio management, hedging, automation and operational design. In his career Brian has worked extensively with a variety of individual and group products, served as fixed income portfolio manager and adviser on mortgage lending, developed asset-liability management and hedging programs, and overseen both the development and the deployment of financial and operational controls. Currently, Brian’s primary role is as The Standard’s transformation architect for the company’s program advancing actuarial capabilities to future state targets.

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Webcast Session
07/20/2020 at 2:00 PM (EDT)  |  Recorded On: 07/21/2020
07/20/2020 at 2:00 PM (EDT)  |  Recorded On: 07/21/2020
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