When
Thursday, November 14th
9:00AM - 6:30PM
Where
Sturbridge Host Hotel
366 Main Street
Sturbridge, MA 01566
Meeting Agenda single page with room assignments (click here)
Meeting Agenda with abbreviated session descriptions (click here)
Meeting Agenda with presenter bios and session descriptions (click here)
General Session 1
Mark Freedman, SOA President: A Dialogue with the Society of Actuaries (handout)
Please join SOA President Mark Freedman as he discusses the strategic direction of the Society of Actuaries and challenges facing the actuarial profession. This is a dialogue, so bring your ideas and questions for Mark during the Question-and-Answer portion of the Opening Session.
General Session 2
Steve Alpert, Chair, Public Interest Committee, American Academy of Actuaries: Beyond Actuarial Principals: Service, Advocacy and the Public Interest (handout)
What is the actuary's number one obligation? What is the Academy of Actuaries' number one mission? What does it mean to serve the public or to act in the public interest? When should the Academy engage in advocacy work? Join us for an interactive discussion on these tough questions, and a chance to learn about the work of the Academy's Public Interest Committee.
Breakout Session 1
A: Help! I'm Being Audited: Bob Crompton, Director - KPMG and Matthew Wininger, AVP & Actuary - Mass Mutual (handout)
Let's face it - few actuaries enjoy being audited. In this session, experienced auditors share insights on a typical audit process, discuss various approaches taken by auditors, help you avoid unnecessary audit pain, and discuss how to get the most from your next audit.
B: SOA Research: Misperceptions and Management of Retirement Risks: Carol Bogosian, President, CAB Consulting (handout)
Additional Handouts:
C: The Life and Health Insurance Industries: An Investment Analyst's View: Terence Martin, Director - Insurance Research, Conning (handout)
This session presents a forecast and analysis of the life insurance and health insurance industries from the viewpoint of an analyst. Actual results for 2008 to 2012 will be presented, including an analysis of capital movements, stock price movement, price to book value, plus Conning's projections through 2015, and a discussion of issues likely to affect those projections.
D: Company and Consulting Actuary Roles in Life Insurance Mergers and Acquisitions: Dominique Lebel, Director and Hartford, Life Sector Market Leader - Towers Watson and Michael LeBeouf, Vice President and Chief Life Actuary - Prudential (handout)
Actuaries play a critical role on both sides - buy side and sell side - of life insurance M&A transactions. This session will discuss the M&A lifecycle and current trends from the perspectives of a company actuary and a consulting actuary.
General Session 3
Jim Mange, SOA Education Committee: SOA Education Update (handout)
This session describes the SOA's current education pathway. At the end of the session, attendees will better understand how the SOA's current education system compares to the systems through which they became members and will understand why the current system will better prepare aspiring actuaries for the world in which they will practice.
Breakout Session 2
A: Mortality Studies Using Prescription Drug Histories: Eric Carlson, Life Actuary, Milliman Intelliscript
This session will focus on the results of Milliman's Relative Mortality Study using prescription drug histories. Eric Carlson will present mortality metrics for a range of variables such as applicant age, drug classification, number of prescription refills, and some individual drugs. Dosage, timing, and drug combinations were also looked at and will be discussed.
B: Current Topics in Large Group Health Insurance:Thea Cardamone, Independent Consultant (handout) and Mike Morfe, Senior Vice President, Aon Hewitt (handout)
This session addresses current topics in Large Group Health Insurance such as: Lean Plans (minimum value less than 60percent), Corporate Exchanges, and/or alternatives to Medicare Part D for Large Group employer plans. It will focus on the strategic decision points that Large Group employers need to tackle and the products that carriers are providing to meet those needs.
Session update - 10/14/2013: Louis Lombardi is unfortunately unable to present at this session due to a scheduling conflict. We are pleased to announce that Kate Li from PricewaterhouseCoopers will be presenting instead.
C: Policyholder Behavior - SOA Research Report: (handout)
Kate Li - Actuarial & Insurance Management Solutions, PricewaterhouseCoopers and Marianne Purushotham, Corporate Vice President - LIMRA
The SOA engaged an outside party (researchers) to survey current practices of life insurance and annuity companies with respect to:
General Session 4
Russell Thomas, Professional Poker Player: From Actuarial Science to Poker (handout)
What's the connection between Actuarial Science and Poker? Join us as professional poker player Russell Thomas shares his journey from studying for actuarial exams to competing at the World Series of Poker!
Join us on LinkedIn
The Actuaries' Club of Hartford/Springfield is on LinkedIn. Join our group to stay up-to-date on latest Club events and announcements, and stay connected with your local area colleagues.
Thursday, November 14th
9:00AM - 6:30PM
Where
Sturbridge Host Hotel
366 Main Street
Sturbridge, MA 01566
Meeting Agenda single page with room assignments (click here)
Meeting Agenda with abbreviated session descriptions (click here)
Meeting Agenda with presenter bios and session descriptions (click here)
General Session 1
Mark Freedman, SOA President: A Dialogue with the Society of Actuaries (handout)
Please join SOA President Mark Freedman as he discusses the strategic direction of the Society of Actuaries and challenges facing the actuarial profession. This is a dialogue, so bring your ideas and questions for Mark during the Question-and-Answer portion of the Opening Session.
General Session 2
Steve Alpert, Chair, Public Interest Committee, American Academy of Actuaries: Beyond Actuarial Principals: Service, Advocacy and the Public Interest (handout)
What is the actuary's number one obligation? What is the Academy of Actuaries' number one mission? What does it mean to serve the public or to act in the public interest? When should the Academy engage in advocacy work? Join us for an interactive discussion on these tough questions, and a chance to learn about the work of the Academy's Public Interest Committee.
Breakout Session 1
A: Help! I'm Being Audited: Bob Crompton, Director - KPMG and Matthew Wininger, AVP & Actuary - Mass Mutual (handout)
Let's face it - few actuaries enjoy being audited. In this session, experienced auditors share insights on a typical audit process, discuss various approaches taken by auditors, help you avoid unnecessary audit pain, and discuss how to get the most from your next audit.
B: SOA Research: Misperceptions and Management of Retirement Risks: Carol Bogosian, President, CAB Consulting (handout)
Additional Handouts:
- Recently Published Retirement Research
- SOA Retirement Issue Briefs
- Women Take the Wheel: Destination Retirement
C: The Life and Health Insurance Industries: An Investment Analyst's View: Terence Martin, Director - Insurance Research, Conning (handout)
This session presents a forecast and analysis of the life insurance and health insurance industries from the viewpoint of an analyst. Actual results for 2008 to 2012 will be presented, including an analysis of capital movements, stock price movement, price to book value, plus Conning's projections through 2015, and a discussion of issues likely to affect those projections.
D: Company and Consulting Actuary Roles in Life Insurance Mergers and Acquisitions: Dominique Lebel, Director and Hartford, Life Sector Market Leader - Towers Watson and Michael LeBeouf, Vice President and Chief Life Actuary - Prudential (handout)
Actuaries play a critical role on both sides - buy side and sell side - of life insurance M&A transactions. This session will discuss the M&A lifecycle and current trends from the perspectives of a company actuary and a consulting actuary.
General Session 3
Jim Mange, SOA Education Committee: SOA Education Update (handout)
This session describes the SOA's current education pathway. At the end of the session, attendees will better understand how the SOA's current education system compares to the systems through which they became members and will understand why the current system will better prepare aspiring actuaries for the world in which they will practice.
Breakout Session 2
A: Mortality Studies Using Prescription Drug Histories: Eric Carlson, Life Actuary, Milliman Intelliscript
This session will focus on the results of Milliman's Relative Mortality Study using prescription drug histories. Eric Carlson will present mortality metrics for a range of variables such as applicant age, drug classification, number of prescription refills, and some individual drugs. Dosage, timing, and drug combinations were also looked at and will be discussed.
B: Current Topics in Large Group Health Insurance:Thea Cardamone, Independent Consultant (handout) and Mike Morfe, Senior Vice President, Aon Hewitt (handout)
This session addresses current topics in Large Group Health Insurance such as: Lean Plans (minimum value less than 60percent), Corporate Exchanges, and/or alternatives to Medicare Part D for Large Group employer plans. It will focus on the strategic decision points that Large Group employers need to tackle and the products that carriers are providing to meet those needs.
Session update - 10/14/2013: Louis Lombardi is unfortunately unable to present at this session due to a scheduling conflict. We are pleased to announce that Kate Li from PricewaterhouseCoopers will be presenting instead.
C: Policyholder Behavior - SOA Research Report: (handout)
Kate Li - Actuarial & Insurance Management Solutions, PricewaterhouseCoopers and Marianne Purushotham, Corporate Vice President - LIMRA
The SOA engaged an outside party (researchers) to survey current practices of life insurance and annuity companies with respect to:
- Setting dynamic policyholder behavior assumptions
- Surveying and evaluating current practice in light of recent available research on the subject
- Assessing the methods and application of setting dynamic policyholder behavior assumption
General Session 4
Russell Thomas, Professional Poker Player: From Actuarial Science to Poker (handout)
What's the connection between Actuarial Science and Poker? Join us as professional poker player Russell Thomas shares his journey from studying for actuarial exams to competing at the World Series of Poker!
Join us on LinkedIn
The Actuaries' Club of Hartford/Springfield is on LinkedIn. Join our group to stay up-to-date on latest Club events and announcements, and stay connected with your local area colleagues.