With many complex regulatory changes on the horizon as well as pressures to ensure model accuracy from auditors, regulatory requirements and new actuarial standards of practice, the importance of robust model validation is coming to the forefront of actuaries’ minds. What was previously a day-two task for many companies is becoming just as important as model development! In this session, you will hear from those that have been deeply involved in building model validation frameworks and tools in responses to regulatory changes GAAP Long Duration Targeted Improvements (“LDTI”) and Principles Based Reserves (“PBR”).
Dylan Strother FSA,MAAA (Moderator)
Dylan Strother is a Senior Consultant with the Actuarial Practice of Oliver Wyman and is based in New York. He is rooted in statutory and GAAP valuation and financial reporting across a variety of products and has extensive experience in modeling, model validation and M&A. Dylan has worked in the actuarial field since graduating from the University of Pittsburgh in 2010. Prior to joining Oliver Wyman, Dylan was a Vice President within the Consulting Services group at PolySystems where he led development and implementation efforts around emerging regulation, including GAAP LDTI and principles based reserves, as well as advanced modeling capabilities. Dylan is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.
Paul Chao-Liang Chen FSA,MAAA
Paul has over 10 years of experience in the insurance industry. Currently, he is the head of life model testing team at AIG, responsible for certifying the models to the production team. Prior to AIG, he was responsible for the implementation of the economic capital models. He also had experiences in auditing the life and annuity lines of major life insurance companies providing consulting services for pricing, modeling, reinsurance and model validations for various life and annuity insurance products.
Patrick Davidson ASA,CERA
Consultant; Oliver Wyman
Patrick Davidson is a Consultant with the Actuarial Practice of Oliver Wyman and is based in Chicago. His primary areas of focus include actuarial model validation, experience studies, assumption setting and mergers and acquisitions. Over the past 3 years at Oliver Wyman, Patrick has led the development of experience studies and assumption analysis for dozens of merger and acquisitions, strategic product reviews and model development projects.
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Webcast Session
08/31/2020 at 3:30 PM (EDT) | Recorded On: 09/10/2020
08/31/2020 at 3:30 PM (EDT) | Recorded On: 09/10/2020
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