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2021 Virtual ASNY Spring Meeting

Monday, May 03, 2021, 12:30 PM - 7:00 PM EDT

Category: Events

2021 ASNY SPRING MEETING

We are very excited for this year's ASNY Spring Meeting being held virtually on Monday, May 3rd. You can register here.

You can find the agenda here. Bios for presenters are located here.

The meeting will commence with a general professionalism session followed by breakout sessions. At the breakout sessions an accomplished group of industry leaders will present on a broad range of topics of interest including actuarial and IT partnerships, actuarial governance, and evolving regulations.

We are conducting the meeting via Zoom. Video tutorials for joining a Zoom Meeting can be found at the following link (https://support.zoom.us/hc/en-us/articles/206618765-Zoom-Video-Tutorials). Pre-downloading the latest Zoom client is recommended. You can download the client prior to the meeting using the following link (https://zoom.us/download#client_4meeting). Breakout sessions will be managed through Breakout Rooms. Zoom 5.3.0 or later is needed to self-select Breakout Rooms. Each participant will be able to choose which breakout room to join, and can move through breakout rooms at any time. You can see instructions on self-selecting breakout rooms at the following link (https://support.zoom.us/hc/en-us/articles/115005769646). A meeting link was sent to all participants on 4/30/2021. It will also be resent on Monday morning (5/3/2021) in case anyone missed it.

SCHEDULE

1:00 - 1:10 pm: Opening Remarks
Alex Potocki | ASNY VP of Meetings

1:10 - 2:00 pm: Professionalism
Mike Ward | American Academy of Actuaries
Review the infrastructure of professionalism housed in the American Academy of Actuaries, and learn about the latest developments in qualifications, actuarial standards of practice, and trends in issues prompting guidance requests and disciplinary inquiries. This interactive session will test your professionalism knowledge and provide a look at new and updated resources developed by the Academy to help you continue to understand and fulfill professionalism requirements.

2:00 - 2:50 pm: COVID-19 Impact on the Insurance Industry
Dale Hall | Society of Actuaries COVID-19 Research team
Garett Klus | Canadian Institute of Actuaries Pandemic Modelling group
This session will highlight work from the Society of Actuaries and the Canadian Institute of Actuaries on COVID-19. Garett Klus, a member of the Canadian Institute of Actuaries’ Ontario Model Subgroup analyzing the spread of COVID-19 from an actuarial perspective, will discuss preliminary results of the analysis of COVID-19 risk factors and how they apply to the current situation as well as a perspective on the benefits and challenges of providing an Actuarial perspective to public discourse. Dale Hall, a member of the Society of Actuaries COVID-19 Research team, will be covering the variety of impacts across insurance industry lines of business, such as how population trends for healthcare, morbidity and mortality have emerged, as well as insurance company operations and risk management. Key highlights from Society of Actuaries and other industry research will point out current trends and risk scenarios to consider for the future.

3:10 - 4:10 pm: Breakout Session 1

Annuity and Life Market Trends
  Dylan Strother | Oliver Wyman
  Nicholas Carbo | Oliver Wyman
This session will highlight recent trends in the life insurance and annuity products space related to product development, regulatory developments and other hot topics.
Accelerated Underwriting, The Future is Now
Tim Rieder | Munich Re
Lin Zhao | Munich Re
Munich Re’s Lin Zhao (AVP & Actuary) and Tim Rieder (UW business development consultant) will present a variety of accelerated underwriting topics including its evolution, market utilization, pricing considerations, and latest market trends.
Actuarial Software
   Andy Smith | Slope
   Trevor Howes | Moody’s Analytics
   Brian Fomby | Milliman
   Scot Glasford | FIS
   Brittany Lee | Haven Life
In the past few years, we have seen rapid changes in the capability and expectations of software, and actuarial software has not been excluded. In this session, a panel of representatives from 4 actuarial software companies will discuss the recent changes to actuarial software and the future trends of the software. Attendees will come away from the session understanding how these changes will impact the way that they, as actuarial users of the software, will have their profession and day-to-day job changed, both for the good and the bad.

4:20 - 5:20 pm: Breakout Session 2

An Overview of Capital and Levers Companies can Pull
Kaushal Balanadu | KPMG
Michael Beck | KPMG
Capital strategy answers the fundamental question of how to allocate capital to achieve the best returns; there is immense pressure for insurers’ to provide a return comparable to that offered in other financial service organizations. Actuaries have the ability to play key roles at insurance companies through their knowledge of insurance products, interpretive guidance on emerging regulations and the development of robust models. Insurers are now looking more closely at exploring options such as off-shore reinsurance, captives and securitization with a view towards easing the capital strain and increasing the return on equity. This session explores many of the levels that companies can use in the management of capital.
Rising Interest Rate Environment
Seong-Weon Park | Oliver Wyman
Su Su | Oliver Wyman
The Present and Future of Data, A Discussion with Industry Leaders
  Mike Hoyer | Milliman IntelliScript
  Brian Lanzrath | ExamOne
David Drotos | Transunion
  Matt Wolf | NoHo Digital
Gain a better understanding on what and how third party data is being used in the insurance industry today and what it may look like in the future from the perspective of three leading industry data vendors.

5:20 - 6:30 pm: Virtual Networking
The networking session will consist of multiple pre-set rooms and individuals can chose to move to different rooms as needed. This will facilitate smaller discussions and attendees are not locked into random room assignments.

PAYMENT

If you have been a past member, but have not yet paid dues for this year, membership dues must be paid first before you will receive the reduced cost for this event.

If you have any questions, please use the Contact ASNY page and select Subject option 5, "ASNY Annual Meeting".

Cancellation Policy

Cancellation of any individual's event registration must be made two (2) week or more prior to an event to be eligible for a refund. All requests are subject to $35 service fee to cover administration costs and email must be received prior to the two week deadline. Cancellations made after the two week deadline will not be honored, however, all individuals are allowed to transfer their registration at any time to another individual at their organization at no cost by sending an email to ASNY representatives at the email below. Any transfer should be communicated to ASNY as soon as it is known.
ASNY reserves the right to cancel any program if conditions warrant. In the rare event of such cancellation, registration fees will be refunded in full. We are not responsible for any discounted airfares or hotel penalties that an attendee may incur due to cancellation.
Please contact [email protected] with any questions you have around this process.