2021 ASNY ANNUAL MEETING + IN-PERSON NETWORKING
We are very excited for this year's ASNY Spring Meeting being held virtually on Wednesday, November 17th.
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 will be sent to all participants prior to the meeting.
SCHEDULE
12:45 - 12:55 pm: Opening Remarks
Alex Potocki | ASNY VP of Meetings
12:55 - 1:10 pm: Club Business
Nelson Lum | ASNY President
1:10 - 2:00 pm: Professionalism Session
Nancy Behrens | American Academy of Actuaries
2:00 - 2:50 pm: Pandemic Rewind: Risk Management and Scenario Modeling Learnings
Chris Murphy | Oliver Wyman
Morgan Poropatic | Oliver Wyman
The presenters surveyed CROs from major Life insurance companies and will share key insights from those discussions.
Areas that will be covered include:
• Action: Oversight role and responsibilities of ERM during the pandemic
• Evolution: Impact to ERM frameworks
• Lessons learned
After this session, attendees will understand:
• How risk management frameworks performed during the pandemic• How these frameworks evolved over time
• What the industry is focusing on looking towards the future
• How modeling was used and how it has changed as a result of the pandemic
. 3:10 - 4:10 pm: Breakout Session 1
- IFRS 17
Jing Fritz | EY
Russ Osborn | Aegon
- Impact of New UW Data Sources and Tools
Murali Niverthi | Munich Re
Philip Adams | Primerica
Underwriting data sources and tools continue to emerge and evolve as the life insurance industry moves to make the customer experience easier and more engaging. The presenters will address what we know and what we still need to determine about the risk assessment effectiveness and the protective value of new and emerging data sources in the context of life insurance underwriting. They will discuss underwriting tool trends over the past several years including the impact of COVID-19. They will also explore the impact on pricing processes and some issues to consider in light of these new underwriting data sources, tools and processes.
- Modernized Source of Earnings and LDTI Forecasting Analytics
Ailen Okharedia | PwC
Anna Felbinger | PwC
Hear about modernized reporting capabilities and technical analysis, which is enabled through access to deep actuarial and financial planning data. The webcast will focus on a real post-Long Duration Targeted Improvements (LDTI) source of earnings analysis and on a high-level LDTI forecasting capability.
4:20 - 5:20 pm: Breakout Session 2
- LDTI
Sarah Valani | Valani Global
Jack Zheng | EY
This session will discuss the lessons learned during LDTI implementation as well as impacts of LDTI to equity and earnings and how some of the introduced volatility can be mitigated.
- Capital Optimization Strategies and their Challenges in a Post-Pandemic World
David Alison | KPMG
Zeeshan Rehmani | KPMG
Attend this session and you’ll hear perspectives on:
• Ways in which insurance firms have shifted to absorb the shocks from COVID-19 and react to the persistent declines in profitability and earnings
• Recent M&A activity as a consequence of market volatility created from COVID-19 pandemic
• What we are hearing from the market as it relates to concerns, business actions in a stressed environment, and acceleration of insurers’ digital journey
• Strategic drivers of divestiture from capital-intensive and non-core business, as well as the drivers behind acquisition of complementary portfolios
- Mergers & Acquisitions 101
Rashmika Jayakody | Oliver Wyman
Simon Li | Oliver Wyman
Mergers and acquisitions are dominating headlines across the insurance industry for a number of reasons. This session will open with an introduction to M&A to layout the basics, following with a deep dive into the active market. You’ll have the opportunity to hear from two actuaries discuss their experience across a number of transactions and fields.
6:00 - 9:00 pm: In-person networking session
Immediately following the virtual Annual Meeting, ASNY is continuing the festivities with an in-person cocktail reception from 6 - 9 pm in midtown Manhattan, to add an in-person component to the virtual conference. This free event is graciously being hosted by Pauline Reimer and her colleagues at Pryor Associates Executive Search and is open to all actuaries, not just those attending the conference.
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) weeks 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 about this process.
Registration Fees
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Before Nov 17th
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Paid-up Members and Subscribers
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$0 |
Other Attendees
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$35 |
Presentations will be uploaded at the bottom of the page as they are received from presenters.
Pandemic Rewind: Risk Management and Scenario Modeling Learnings
IFRS 17
Impact of New UW Data Sources and Tools
Modernized Source of Earnings and LDTI Forecasting Analytics
LDTI Impacts, Mitigation and Lessons Learnt
Capital Optimization Strategies and their Challenges in a Post-Pandemic World