ACHS Club Meeting
Join us at the Connecticut Convention Center
Schedule & Session Outlines
(Expand for details & downloads)
Morning General Session
9:15AM - 10:15AM
SOA Strategic Plan Update
Afternoon General Session
4:00PM - 5:00PM
Changing Healthcare: How can we harness Predictive Analytics for Patients, Providers & Payers?
Ian Duncan, FSA, FIA, FCIA, FCA, MAAA
Adjunct Associate Professor, UC Santa Barbara
Healthcare budgets in most countries seem to be out of control, with the U.S. heading to 20% of GDP and other countries not far behind in terms of rapidity of increases.
Recently, predictive analytics, big data and artificial intelligence have been proposed as a solution that will enable practitioners to identify high risk populations and conditions earlier and intervene more effectively with patients.
Is this hope justified or is it another example of misplaced optimism? What will it take for predictive analytics to make a significant impact on the cost and value of healthcare?
We propose that three factors are required to work together to effect transformation: Payment Reform; Predictive Analytics and Behavioral Economics. In the future, more risk will be transferred to providers and consumers of healthcare services. As risk professionals, actuaries will be a significant contributor to this transformation.
Breakout Session #1
10:45AM - 11:45AM
A) When Is Your Own Data Not Enough?
B) Five Years Into the Affordable Care Act:
How the ACA Has Transformed Health Markets
C) Legislative Changes Impacting The Defined Benefit World
D) Valuing and Liberating Time
Breakout Session #2
1:15PM - 2:15PM
A) Trends in Life-Annuity Insurer Investments
Mary Pat Campbell, FSA, MAAA, Vice President, Insurance Research, Conning
Even as interest rates have been rising, life insurers are still under pressure from the low interest rate environment. The life-annuity industry has shifted its asset allocations to try to reduce the effects of the low rate environment, but industry yields continue to decrease. This presentation will cover highlights from Conning’s recent strategic study: “Life Insurance Industry Investments – Book Yields Flattening as Rates Rise”, in which industry asset portfolio trends for the period 2013 – 2017 were examined.
In addition to broad industry trends, the difference between insurers in terms of allocation and investment results will be covered, showing the effects of differences in size as well as choices in allocation among various asset classes. In addition, a look at insurers with outlier allocations will be discussed, in terms of whether these extreme allocations led to noticeably different investment results.
B) Applications of Survival Analysis in Healthcare
Ian Duncan, FSA, FIA, FCIA, FCA, MAAA, Adjunct Associate Professor, UC Santa Barbara
There has been significant discussion and promotion of the promise of artificial intelligence and machine learning applications in healthcare. Some of the traditional functions performed by actuaries could be performed by data scientists or other professionals in the future.
While these techniques and professionals have a significant role to play, there is considerable scope for the application of traditional statistical techniques. This talk will cover some specific applications of traditional methods, including logistic regression and survival analysis, and, where appropriate, comparisons with machine learning techniques.
C) Insights on the Long Term Care Industry
D) Professionalism Fun and Games!
Tricia Matson, FSA, MAAA, Partner, Risk & Regulatory Consulting
This session will cover a range of professionalism topics, from the Code of Conduct to Qualification Standards to Actuarial Standards of Practice.
However, the approach to learning will involve some fun and games! Participants are encouraged (but not required) to review professionalism documents in advance, to increase their chances of winning! It might be the most fun you’ve ever had getting some professionalism CE credit!
Breakout Session #3
2:30PM - 3:30PM
A) The SOA Delphi Study – Accelerated Underwriting Methodologies and Their Impact on Mortality Experience
B) Variable Annuity M&A Landscape
C) Top Three Trends Affecting Retirement
D) Product Innovation in the World of Insurtech
Mark Sayre (Moderator), Head of Policy Design, Haven Life
Michael House (Panel), Pricing Actuary, Haven Life
Natalie Gleed (Panel), Pricing Actuary, Haven Life
Fausto Palazzetti (Panel), Chief Actuary, Oscar Health
Insurtech is a rapidly growing sector that is driving innovation across all sectors of the insurance industry by embracing the newest technology to rethink customer journeys and the insurance value chain. The resulting business models can often run into conflicts with traditional product design.
In this panel discussion, we will explore how actuaries working in the Insurtech space have adjusted the way they approach product innovation to succeed in this new world.