2022 ASNY FALL MEETING

We cordially invite you to attend ASNY’s Fall Meeting, which will take place in person on Wednesday, November 16, 2022, from 8 am - 5 pm, with networking from 5:30 - 7 pm. The meeting will be held at the New York Marriott Downtown (85 West Street at Albany Street, New York, New York, USA, 10006).

Registration Fees

Prior to November 8th

• Paid-up Members and Subscribers: $425
• Non-Members: $475

November 8th to November 15th 

• Paid-up Members and Subscribers: $475
• Non-Members: $525

Door Price (November 16th)

• Paid-up Members and Subscribers: $525
• Non-Members: $575

Schedule

8:00 - 8:45 am: Meeting Registration and Breakfast

8:45 - 9:00 am: Welcome Remarks
Alex Potocki | ASNY VP of Meetings

9:00 - 10:15 am: Professionalism 
David Driscoll | ABCD

10:15 - 10:30 am: Break 

10:30 - 11:45 am: Current Industry Trends Impacting Hiring
Pauline Reimer | Pryor Associates 
Discussion of the most salient issues currently impacting recruitment, including Salary History Bans, DE&I, Remote Work, Virtual Interviewing, and lastly -- The Great Resignation. Audience participation is encouraged!

11:45 - 1:00 pm: A Conversation about AI, Machine Learning and the Future
Dave Sandberg | Charles Rivers and Associates
Amanda Turcotte | Brella

1:00 - 2:30 pm:  Lunch Session: Club Business
Gursharan Jhuty | ASNY president 

2:30 - 2:45 pm:  Break

2:45 - 4:00 pm:  Breakout Session 1

• Mortality improvement and COVID impacts
  Lisa Grieco | Oliver Wyman
  Peng Yang | Oliver Wyman
  

  This first part of this presentation explores the results and methods for a recently published whitepaper sponsored by the Society of Actuaries titled ‘Mortality Improvement Trends – Independent Analysis on Socioeconomic and Other Drivers.’ This research dives deep into mortality improvement differences by socioeconomic drivers across multiple causes of death. Although COVID mortality is excluded, the mortality improvement gaps between socioeconomic groups are reasonably predictive. Practitioners may use the results to refine general population mortality improvement to a target population. The second part of this presentation will examine the industry’s expectation of COVID-19’s impact on future mortality rates. We will explore the sentiment of the industry at different stages of COVID-19 development, provide potential reasons behind the sentiments, and how these sentiments translate to pricing and assumption setting.

• Building Underwriting Software: Automation Failures & Successes
  Brittany Lee | SCOR
  Matthew Wolf | Dayforward Inc.
  Thomas Germano | Haven Tech
  
  With the power of technology we are able to enable great change within the insurance industry. We’ve seen the increased need and benefit for underwriting software solutions covering underwriting rules engines, accelerated underwriting programs, and enhanced underwriter interfaces to name a few. So what makes the underwriting software successful? Come join us for stories of automation failures and successes within and outside the industry, and for our views on the future of underwriting technology.
  
  By attending this session, you will:
  - Avoid the easy pitfalls of automation
  - Gain some insight into everyday underwriting software obstacles
  - Learn the key factors to successfully build underwriting software
  

• Data governance for LDTI
  Priyanka Srivastava | Deloitte
  Tom Chamberlain | Deloitte
  This session will discuss best practices for identifying, extracting, managing and governing actuarial data used in life insurance actuarial models developed for LDTI (Long Duration Targeted Improvements). We will discuss challenges and pitfalls when setting up and governing data processes.
  

4:00 - 4:15 pm:  Break

• Actuarial Governance: What is the Value? What is the Cost?
  Alex Tall | Oliver Wyman
  Richard Hoffer | Oliver Wyman
  Due to growing pressure from external auditors and increasing financial reporting complexity, insurers are at a greater risk for costly material weaknesses than ever before. Insurers that implement and practice a strong actuarial governance framework can substantially reduce this risk, as well as avoid internal inefficiencies that cost insurers millions each year.
  Governance frameworks do not come without a cost, however, as their design and implementation requires enterprise-wide efforts and, frequently, external support. How should insurers balance the cost of actuarial governance with the benefits of increased efficiency and reduced risk?
  In this session, we will explore the world of actuarial governance. We will outline some key considerations for the development of governance frameworks with a focus on model, assumption, and data governance. We will also present case studies in an attempt to quantify the potential costs and savings associated with actuarial governance.

• Mental Accounting and its Impact on ERM
  John Burkhardt | Columbia University
  Rich Lauria | Columbia University
  

  Enterprise Risk Management (ERM) provides practitioners all of the tools necessary for assessing, quantifying, and managing risk on an aggregated, holistic, basis. However, in practice it is often found that there is a tendency for company managements and even seasoned risk practitioners at times to navigate their risk exposures one at a time. This habitual approach produces sub-optimal results due to the over-simplification of risk events and understating the complexity of the world in which decision makers must navigate.
  At the heart of this sub-optimal behavior is the human predilection towards mental accounting. As with financial accounting, mental accounting employs a ledger function that mentally registers debts and balances. However, unlike a traditional ledger, the mental ledger is not precise and does not always sum debits to equal credits, and creates arbitrary categories for resources that are treated as independent, unrelated pools. These differences in function profoundly impact financial judgments and decision-making.
  This session will first cover the long history of mental accounting, providing examples from daily life to illustrate the principles involved. The panelists will then discuss how mental accounting can arise during the ERM process cycle, with a special emphasis on its impacts on effectively quantifying risk and how this results in sub-optimal decision making. The session concludes with behavioral tools specifically designed to mitigate the risk of mental accounting creeping into a company's ERM activities.

• Trends in Healthcare Provider Billing and Insurance (New Perspective on Ethics and Professionalism)
  Michael Frank | Aquarius Capital, a division of Risk Strategies
  This session will cover various aspects of the health insurance industry including trends in provider billing, claims administration and fraud. This will examples on how healthcare billing companies are optimizing revenue and the impact on the consumer.   This session will also include various aspects of professionalism and ethics for actuaries.  This session will benefits actuaries working in healthcare as well as all individuals (consumers) receiving medical bills from healthcare providers as a covered member. 
  

5:30 - 7:00 pm:  Networking Cocktail Reception

 Thank you for your participation, we look forward to seeing you at the meeting!

ASNY 2022 Annual Meeting agenda (PDF)

ASNY 2022 Annual Meeting Presenter bios

ASNY 2022 Annual Meeting attendee list