SOA Webinars

View Session

Overview

The presenters will review and discuss the recent trend of FIA and Structured Annuities new product development, illustrate the differences and similarities between these two types of products, and discuss how insurance carriers may effectively manage the capital market risk from derivative hedging perspective. Special emphases will be on (1) the performance of customized FIA indices during the recent economic cycles, relative to benchmark equity indices such as S&P 500, and (2) the latest product designs of Structured Annuities and offering rates by insurance carriers.

The purpose of this session is to keep audience abreast of the current state U.S. retirement industry landscape, with a particular emphasis on Fixed Indexed Annuities and Structured Annuities and discuss how insurance carriers may leverage their existing hedging infrastructure and technique to provide effective capital hedging.

Country Relevance: USA and Canada

Experience Level: Intermediate-Advanced

Agenda and Speakers

Session Sponsor: Product Development Section

Compentency: External Forces & Industry Knowledge

Moderator(s): Nicholas E. Carbo, FSA, MAAA

Presenter(s): Nicholas E. Carbo, FSA, MAAA; Jee Shen, FSA, MAAA

View Session

Overview

There has been significant discussion of PBR for Life Insurance, but there has also been progress in development of PBR for annuities; including VM-21, VM-22, and future VM-23. The presenters will look at the progress in PBR for annuities and what the future may hold.

At the conclusion of the session the attendees will have a better understanding of annuity PBR history, the current state of annuity PBR, and potential future paths for those products not currently reserved for under a principles-based approach.

Country Relevance: USA

Experience Level: Intermediate

Agenda and Speakers

Session Sponsor: Product Development Section; Marketing and Distribution Section

Compentency: External Forces & Industry Knowledge

Moderator(s): Yuan Tao, FSA, MAAA

Presenter(s): Joshua S. Y. Chee, FSA, MAAA; Albert Joseph Zlogar, FSA, MAAA

View Session

Overview

The presenters will discuss the current interest rate market environment and what insurance companies can do to best protect themselves from interest rate risk. The presenters, industry leaders in financial risk management, will explore how different products and strategies—including swaps, options, and other derivatives—are being used in today’s market. The discussion will include how to model and measure interest rate risk, how to quantify hedge effectiveness, and how to improve hedging operations.

At the conclusion of the session, attendees will be able to:

• Identify the best practices in interest rate risk management
• Understand the pros and cons of different hedging strategies
• Recognize the impact of changing market conditions and how market participants are responding

Country Relevance: Non-Nation Specific

Experience Level: All

Agenda and Speakers

Session Sponsor: Investment Section

Compentency: External Forces & Industry Knowledge

Moderator(s): Aaron Jacob, CPA

Presenter(s): Nicholas (Cole) Bloom, ASA; Steve Castleton, CPA; Jim Zhou

Overview

While our ability to access and analyze large quantities of data is better than ever, many long-term products suffer from sparse data in critical risk areas, such as deep in-the-money lapse experience and long-term utilization rates for income guarantees. The presenters will explore industry-level annuity experience data for these types of situations, and discuss quantitative approaches to addressing them in pricing and other applications.

At the conclusion of the session, attendees will be able to: 1) identify critical risk areas where data can be sparse, even for products with long histories and high volumes, 2) understand technical approaches to quantifying these risks, and 3) understand how to implement these approaches in pricing and other applications.

Country Relevance: USA

Experience Level: Beginner-Intermediate

Agenda and Speakers

Session Sponsor: Product Development Section; Marketing and Distribution Section

Compentency: Technical Skills & Analytical Problem Solving

Moderator(s): Timothy S. Paris, FSA, MAAA

Presenter(s): Timothy S. Paris, FSA, MAAA; Andy Samuel King, FSA, CERA