When:Wednesday, November 4, 2015 8:00 AM - 6:30 PM (Eastern Time)
Where: Connecticut Convention Center 100 Columbus Blvd Hartford, CT 06103
Itinerary
Click Here
Attendee List
Click Here
Anti-trust Statement
Click Here
Detailed Agenda
General Session #1 (9:00-10:30)
Cyber Security
Panel Discussion
Session Description:
Our panel will discuss cyber risk as it relates to corporate risk management, insurance products, and government policing. The panel includes experts in both cyber risk product development and the FBI.
Presenter Biography: Click Here
Presentation Slides: Click Here
Breakout Sessions AM (11:00-12:00)
A: Consolidation of the Health Insurance Industry
David Liner
Session Description:
2015 has been filled with high-profile merger and acquisition activity in the health insurance industry. In this session, the speaker will review recent headlines and provide commentary from a historical perspective. This session will also cover how the recently announced deals, if approved, could affect the national health insurance landscape and local economy.
Dave Liner is a Consulting Actuary with Milliman's Hartford Health Practice. In this role, he advises a wide spectrum of clients across the U.S. healthcare sector. Since the passage of the Affordable Care Act in 2010, Dave has provided strategic and actuarial consulting services to help insurers, employers, and pharmacy benefit managers navigate a dynamic regulatory environment. Dave graduated from the University of Connecticut with a Bachelor of Arts in Mathematics and Actuarial Science.
Presentation Slides: Click Here
B: A GLM approach to approximating a complex, stochastic financial planning model
Jay Vadiveloo & Justin Xu
Session Description:
This session describes a complex lifetime individual financial planning model using a combination of Monte-Carlo simulations and Markov-Chain techniques. The model optimizes the individual financial planning strategy and incorporates several input variables reflecting individual characteristics and financial dependencies. Several output variables are calculated reflecting the optimal allocation into various insurance and investment products both at the pre and post-retirement stages.
Since the final user of this model is a financial planner, a deterministic approximation to this stochastic model had to be developed in order to make it practical and usable. The remainder of this session describes how a GLM technique was used to develop this deterministic approximation, some assumptions that needed to be made to develop a practical and implementable solution, potential enhancements to this technique for our model, and how this GLM technique could be used to approximate other complex stochastic models developed by actuaries.
Jay Vadiveloo is Professor & Director of the Goldenson Center for Actuarial Research, an actuarial think-tank at the University of Connecticut. The Goldenson Center's mission is to undertake cutting-edge applied actuarial research projects to serve the needs of industry in the region. The lifetime individual financial planning model is one such project that was done this year for a major life insurer. Jay has more than 20 years of management experience with several of the major insurance companies in the region and has been managing the Goldenson Center since its inception in 2008. Jay holds a PhD in Statistics at the University of California, Berkeley, is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries and a Chartered Financial Analyst
Justin Xu is an actuarial PhD student at UConn under Jay's supervision. Justin was part of a team of students who worked on this Lifetime Financial Planning Model. Justin holds a Master's degree in Actuarial Science at the University of Connecticut and a Master's Degree in Economics at Southwestern University of Finance & Economics at Chengdu, China. Justin also has several years of industry experience with the insurance industry in China. Justin plans to do his PhD research on some of the theoretical and practical aspects of developing a lifetime individual financial planning model.
C: Lifetime Income Solutions and Target Date Funds
Joe Fazzino
Session Description:
Since the U.S. Department of Labor has come up with a definition of Qualified Default Investment Alternative (QDIA) in 2006, there has been an explosion in the amount of assets managed in target-date funds, in part due to the safe harbor provided by the legislation. As with any other investment product, it has evolved since its inception. Some of the most significant changes include the integration of the accumulation and the decumulation phases and the addition of alternative investments.
This session will review the recent developments in target-date fund designs and report on the experience of a plan sponsor in providing lifetime income to its participants.
Joe Fazzino is a senior member of the United Technologies Corporation Pension Investments team, with oversight of $24.4B in defined benefit and $20.9B in defined contribution assets. His specific areas of expertise include fixed income, alternatives, derivative overlay strategies, and strategic asset allocation. He is responsible for all aspects of an $8.1B in-house managed stable value fund. He has been a member of UTC Pension Investments since March of 2008. Past experience includes asset management and capital markets related work at JP Morgan and Bank of America. Joe has his MBA from Fordham University. He was named one of the 40 under 40 by CIO magazine earlier this year.
Presentation Slides: Click Here
D: Life PBR Valuation Forum
Linda Lankowski and Chris Whitney
Session Description:
This session will focus on assumption setting under PBR and linkage with US GAAP valuation and asset adequacy testing.
Linda Lankowski is Vice President and Actuary at Prudential Financial. In her current role, she coordinates Prudential's response to emerging actuarial issues. She is the Chair of the Life Products Committee at the American Academy of Actuaries, and leads both the Life Settlements Consumer Guide Work Group and the Life Settlements Investor Guide Work Group. She also served on the Task Force which wrote the Actuarial Standard of Practice covering Life Settlements Mortality (ASOP 48). A long time Fellow of the Society of Actuaries and Member of the American Academy of Actuaries, Linda has had actuarial roles at several local life insurers including The Hartford, Lincoln and MassMutual.
Chris Whitney is a Senior Consultant at Oliver Wyman and is located in the Hartford office. In his role, Chris primarily focuses on life insurance products and has had key roles on model conversions as well as mergers and acquisitions (M&A) projects. Prior to joining Oliver Wyman, Chris worked at Farm Family Insurance and most recently at Liberty Mutual Insurance where he led the Assumption and Model Management and Product Operations teams within the Product Management group. Chris is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries and has a bachelor's degree in actuarial science from the University of Connecticut.
Presentation Slides: Click Here
General Session #2 (1:15-2:15)
Professionalism: Update from the Academy
Mary D. Miller
Session Description:
The American Academy of Actuaries president provides an overview of actuarial professionalism, including the Code of Professional Conduct and the discipline process, as well as updates on recent developments and Academy professionalism initiatives supporting the needs of the U.S. actuarial profession. This includes the Academy's development of a printable, voluntary U.S. Qualification Standards attestation form that is a vehicle to document and demonstrate how an actuary meets the USQS requirements for signing NAIC annual life, health, and property & casualty statements of actuarial opinion (SAOs).
Mary Downey Miller is the president of the American Academy of Actuaries. She is also a part-time consultant with Risk & Regulatory Consulting LLC where she provides services to state insurance departments. Up to 2012, she was a property and casualty actuary with the Ohio Department of Insurance. She has also served on several committees and taskforces at the National Association of Insurance Commissioners (NAIC) and the Academy. Prior to joining the Ohio Department of Insurance, she worked in the private sector for eight years in commercial lines pricing, reserving and underwriting, and before that as a mathematics teacher and a stay-at-home mom.
Presentation Slides: Click Here
Breakout Sessions PM (2:30-3:30)
A: Winds of Retirement Change for Today's Workers and Tomorrow's Retirees
Judy Zaiken
Session Description:
The impending surge of retirees in the United States amidst unprecedented circumstances related to individual responsibility, worker mobility, social media, technology and global economic forces are converging to create an industry at an inflection point. This session will review the most impactful trends influencing the future of retirement and how the financial industry will need to evolve to support a new retirement reality.
Judy Zaiken is Corporate Vice President and Director of LIMRA's Secure Retirement Institute where Judy is responsible for the development and execution of LIMRA's retirement research agenda, which covers both institutional and retail businesses. Recent research has included insights and trends in participant saving, sales benchmark studies, plan sponsor and advisor surveys, market segment studies, and strategic white papers designed to increase understanding on key issues and trends in the retirement market. Prior to joining LIMRA in 2014, she was responsible for annuity product strategy and business development for MassMutual Financial Group. She also was head of market research for MassMutual's Retirement Income division and directed the life company marketing organization's customer research, lead generation and market analytics team.
Presentation Slides: Click Here
B: Model Validation
Sebastien Cimon Gagnon, FSA, CERA and Bryan Lindsley, FSA
Session Description:
After providing an overview of factors making model validation increasingly relevant inside and outside the life insurance industry, the speakers will use case studies to illustrate the application of actuarial principles and standards to the validation of complex financial models.
Sebastien currently is Associate Actuary at John Hancock, focusing on financial forecasting for the annuity block of business. In his prior position at Towers Watson, he published an article on model validation and spoke on Model Risk Management at a national industry meeting. Sebastien is a Fellow of the Society of Actuaries and holds a bachelor's degree in Actuarial Science from Laval University.
Bryan Lindsley is a Consultant with the Actuarial Practice of Oliver Wyman in Hartford, CT. He specializes in model validation, model conversions, and annuity risk management. Bryan is a Fellow of the Society of Actuaries and holds a Bachelor of Business Administration in Actuarial Science and Risk Management/Insurance from the University of Wisconsin.
Presentation Slides: Click Here and Click Here
C: Big Data, where we are, where we are going and impacts to actuaries
Brian Mangene and Raj Moorkath
Session Description:
An overview of current trends with big data as well as an outlook of what to expect in the future. Specific emphasis on how the actuary fits into this rapidly growing and changing space.
Brian Mangene is the Assistant Vice President of Business Intelligence and Analytics at The Hartford. In this role, he is responsible for the delivery of data and business intelligence solutions within the actuarial department. He is also responsible for reserving platforms. Mister Mangene holds a Bachelor of Science in Management Information Systems from the University of Connecticut.
Raj Moorkath is the Segment Data Architect for group benefits at the Hartford. In his current role he is responsible for working closely with the business to define the vision and strategy for data and to promote data management principles including ownership and governance.
In his prior role, Raj served as a management consultant at Aetna to help hospital systems transform their business models to value based care using technology and the use of analytics.
He holds a Bachelor's in Computer Engineering from Mangalore University and Master's in Business Administration from the University of Connecticut.
D: Stable Value
Kyle Puffer and Matt Condos
Session Description:
This session will cover an introduction to Stable Value, the current state of the market, and regulatory developments impacting this important asset class within Defined Contribution plans. Particular attention will be given to the latest updates on the NAIC model regulation impacting statutory reserving. The session is geared towards both newer actuaries interested in learning more about the products and market landscape, as well as experienced practitioners interested in how future reserving standards may impact their business.
Kyle Puffer serves as Senior Actuary and Head of Retirement Valuation at Voya Financial. In this role, he is responsible for all actuarial aspects of the reported financial results for Voya Financial's Retirement business unit, including Defined Contribution, Stable Value, Pension Risk Transfer and Payout Annuity products for all legal entities and accounting bases.
Prior to joining the company, Kyle held a number finance and actuarial positions in retirement and group healthcare at Prudential and CIGNA. At Prudential, Kyle served as Head of Full Service Retirement Pricing and Head of Annuity Business Finance including responsibilities for management reporting, expense management, and competitive analysis.
Kyle graduated summa cum laude from the University of Connecticut with a bachelor's degree in Mathematics / Actuarial Science. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries (AAA). Kyle currently serves on the AAA Deposit Fund Subgroup and has proposed changes to stable value model regulations currently under review at the NAIC.
Matt Condos serves as Senior Vice President within Voya's Retirement business, leading the Institutional Markets segment which is comprised mainly of Stable Value and Pension Risk Transfer offerings. In this role he is responsible for P&L management, market strategy, product development and client sales/relationship management for Voya's product offerings within the Defined Contribution (401, 457, and 403(b)) and Defined Benefit markets.
Prior to his current responsibilities, Matt held several finance and product management positions within Voya's Defined Contribution business. Prior to Voya, Matt worked at Keefe, Bruyette & Woods investment bank and at Hartford Life Insurance Company in a variety of product development and finance roles.
Matt earned a bachelor's degree in business administration from Bryant College in Rhode Island. He is a Fellow of the Society of Actuaries, a member of the American Academy of Actuaries, holds FINRA Series 7, 26, 63, 86, and 87 securities registrations, and holds insurance licenses in all states.
Presentation Slides: Click Here
General Session #3 (4:00-5:00)
US Economic Outlook
Danny Bachman, Ph.D.
Session Description:
Description of Deloitte's US economic forecast. Includes discussion of short-term, medium-term, and long-term drivers of growth and inflation. Explanation of four scenarios and how to think about forecasting in a probabilistic way. Also covers international issues that affect the US economic forecast.
Danny Bachman is in charge of U.S. economic forecasting for Deloitte's Eminence and Strategy functions. He is an experienced U.S. and international macroeconomic forecaster and modeler. Dr. Bachman came to Deloitte from IHS economics, where he was in charge of IHS's Center for Forecasting and Modeling. Prior to that, he worked as a forecaster and economic analyst at the US Commerce Department, was responsible for U.S. economic forecasting and modeling at WEFA (previously Wharton Econometric Forecasting Associates) and taught international economics at Temple University. His first professional job was at Israel's Ministry of Finance.
Dr. Bachman is a native of Philadelphia. He has a B.A. from Johns Hopkins and Ph.D. from Brown University. Dr. Bachman lives in Rockville, Maryland with his wife, but without his two millennial children, who-evidently defying the odds-have not returned home after college. Yet.
Where: Connecticut Convention Center 100 Columbus Blvd Hartford, CT 06103
Itinerary
Click Here
Attendee List
Click Here
Anti-trust Statement
Click Here
Detailed Agenda
General Session #1 (9:00-10:30)
Cyber Security
Panel Discussion
Session Description:
Our panel will discuss cyber risk as it relates to corporate risk management, insurance products, and government policing. The panel includes experts in both cyber risk product development and the FBI.
Presenter Biography: Click Here
Presentation Slides: Click Here
Breakout Sessions AM (11:00-12:00)
A: Consolidation of the Health Insurance Industry
David Liner
Session Description:
2015 has been filled with high-profile merger and acquisition activity in the health insurance industry. In this session, the speaker will review recent headlines and provide commentary from a historical perspective. This session will also cover how the recently announced deals, if approved, could affect the national health insurance landscape and local economy.
Dave Liner is a Consulting Actuary with Milliman's Hartford Health Practice. In this role, he advises a wide spectrum of clients across the U.S. healthcare sector. Since the passage of the Affordable Care Act in 2010, Dave has provided strategic and actuarial consulting services to help insurers, employers, and pharmacy benefit managers navigate a dynamic regulatory environment. Dave graduated from the University of Connecticut with a Bachelor of Arts in Mathematics and Actuarial Science.
Presentation Slides: Click Here
B: A GLM approach to approximating a complex, stochastic financial planning model
Jay Vadiveloo & Justin Xu
Session Description:
This session describes a complex lifetime individual financial planning model using a combination of Monte-Carlo simulations and Markov-Chain techniques. The model optimizes the individual financial planning strategy and incorporates several input variables reflecting individual characteristics and financial dependencies. Several output variables are calculated reflecting the optimal allocation into various insurance and investment products both at the pre and post-retirement stages.
Since the final user of this model is a financial planner, a deterministic approximation to this stochastic model had to be developed in order to make it practical and usable. The remainder of this session describes how a GLM technique was used to develop this deterministic approximation, some assumptions that needed to be made to develop a practical and implementable solution, potential enhancements to this technique for our model, and how this GLM technique could be used to approximate other complex stochastic models developed by actuaries.
Jay Vadiveloo is Professor & Director of the Goldenson Center for Actuarial Research, an actuarial think-tank at the University of Connecticut. The Goldenson Center's mission is to undertake cutting-edge applied actuarial research projects to serve the needs of industry in the region. The lifetime individual financial planning model is one such project that was done this year for a major life insurer. Jay has more than 20 years of management experience with several of the major insurance companies in the region and has been managing the Goldenson Center since its inception in 2008. Jay holds a PhD in Statistics at the University of California, Berkeley, is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries and a Chartered Financial Analyst
Justin Xu is an actuarial PhD student at UConn under Jay's supervision. Justin was part of a team of students who worked on this Lifetime Financial Planning Model. Justin holds a Master's degree in Actuarial Science at the University of Connecticut and a Master's Degree in Economics at Southwestern University of Finance & Economics at Chengdu, China. Justin also has several years of industry experience with the insurance industry in China. Justin plans to do his PhD research on some of the theoretical and practical aspects of developing a lifetime individual financial planning model.
C: Lifetime Income Solutions and Target Date Funds
Joe Fazzino
Session Description:
Since the U.S. Department of Labor has come up with a definition of Qualified Default Investment Alternative (QDIA) in 2006, there has been an explosion in the amount of assets managed in target-date funds, in part due to the safe harbor provided by the legislation. As with any other investment product, it has evolved since its inception. Some of the most significant changes include the integration of the accumulation and the decumulation phases and the addition of alternative investments.
This session will review the recent developments in target-date fund designs and report on the experience of a plan sponsor in providing lifetime income to its participants.
Joe Fazzino is a senior member of the United Technologies Corporation Pension Investments team, with oversight of $24.4B in defined benefit and $20.9B in defined contribution assets. His specific areas of expertise include fixed income, alternatives, derivative overlay strategies, and strategic asset allocation. He is responsible for all aspects of an $8.1B in-house managed stable value fund. He has been a member of UTC Pension Investments since March of 2008. Past experience includes asset management and capital markets related work at JP Morgan and Bank of America. Joe has his MBA from Fordham University. He was named one of the 40 under 40 by CIO magazine earlier this year.
Presentation Slides: Click Here
D: Life PBR Valuation Forum
Linda Lankowski and Chris Whitney
Session Description:
This session will focus on assumption setting under PBR and linkage with US GAAP valuation and asset adequacy testing.
Linda Lankowski is Vice President and Actuary at Prudential Financial. In her current role, she coordinates Prudential's response to emerging actuarial issues. She is the Chair of the Life Products Committee at the American Academy of Actuaries, and leads both the Life Settlements Consumer Guide Work Group and the Life Settlements Investor Guide Work Group. She also served on the Task Force which wrote the Actuarial Standard of Practice covering Life Settlements Mortality (ASOP 48). A long time Fellow of the Society of Actuaries and Member of the American Academy of Actuaries, Linda has had actuarial roles at several local life insurers including The Hartford, Lincoln and MassMutual.
Chris Whitney is a Senior Consultant at Oliver Wyman and is located in the Hartford office. In his role, Chris primarily focuses on life insurance products and has had key roles on model conversions as well as mergers and acquisitions (M&A) projects. Prior to joining Oliver Wyman, Chris worked at Farm Family Insurance and most recently at Liberty Mutual Insurance where he led the Assumption and Model Management and Product Operations teams within the Product Management group. Chris is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries and has a bachelor's degree in actuarial science from the University of Connecticut.
Presentation Slides: Click Here
General Session #2 (1:15-2:15)
Professionalism: Update from the Academy
Mary D. Miller
Session Description:
The American Academy of Actuaries president provides an overview of actuarial professionalism, including the Code of Professional Conduct and the discipline process, as well as updates on recent developments and Academy professionalism initiatives supporting the needs of the U.S. actuarial profession. This includes the Academy's development of a printable, voluntary U.S. Qualification Standards attestation form that is a vehicle to document and demonstrate how an actuary meets the USQS requirements for signing NAIC annual life, health, and property & casualty statements of actuarial opinion (SAOs).
Mary Downey Miller is the president of the American Academy of Actuaries. She is also a part-time consultant with Risk & Regulatory Consulting LLC where she provides services to state insurance departments. Up to 2012, she was a property and casualty actuary with the Ohio Department of Insurance. She has also served on several committees and taskforces at the National Association of Insurance Commissioners (NAIC) and the Academy. Prior to joining the Ohio Department of Insurance, she worked in the private sector for eight years in commercial lines pricing, reserving and underwriting, and before that as a mathematics teacher and a stay-at-home mom.
Presentation Slides: Click Here
Breakout Sessions PM (2:30-3:30)
A: Winds of Retirement Change for Today's Workers and Tomorrow's Retirees
Judy Zaiken
Session Description:
The impending surge of retirees in the United States amidst unprecedented circumstances related to individual responsibility, worker mobility, social media, technology and global economic forces are converging to create an industry at an inflection point. This session will review the most impactful trends influencing the future of retirement and how the financial industry will need to evolve to support a new retirement reality.
Judy Zaiken is Corporate Vice President and Director of LIMRA's Secure Retirement Institute where Judy is responsible for the development and execution of LIMRA's retirement research agenda, which covers both institutional and retail businesses. Recent research has included insights and trends in participant saving, sales benchmark studies, plan sponsor and advisor surveys, market segment studies, and strategic white papers designed to increase understanding on key issues and trends in the retirement market. Prior to joining LIMRA in 2014, she was responsible for annuity product strategy and business development for MassMutual Financial Group. She also was head of market research for MassMutual's Retirement Income division and directed the life company marketing organization's customer research, lead generation and market analytics team.
Presentation Slides: Click Here
B: Model Validation
Sebastien Cimon Gagnon, FSA, CERA and Bryan Lindsley, FSA
Session Description:
After providing an overview of factors making model validation increasingly relevant inside and outside the life insurance industry, the speakers will use case studies to illustrate the application of actuarial principles and standards to the validation of complex financial models.
Sebastien currently is Associate Actuary at John Hancock, focusing on financial forecasting for the annuity block of business. In his prior position at Towers Watson, he published an article on model validation and spoke on Model Risk Management at a national industry meeting. Sebastien is a Fellow of the Society of Actuaries and holds a bachelor's degree in Actuarial Science from Laval University.
Bryan Lindsley is a Consultant with the Actuarial Practice of Oliver Wyman in Hartford, CT. He specializes in model validation, model conversions, and annuity risk management. Bryan is a Fellow of the Society of Actuaries and holds a Bachelor of Business Administration in Actuarial Science and Risk Management/Insurance from the University of Wisconsin.
Presentation Slides: Click Here and Click Here
C: Big Data, where we are, where we are going and impacts to actuaries
Brian Mangene and Raj Moorkath
Session Description:
An overview of current trends with big data as well as an outlook of what to expect in the future. Specific emphasis on how the actuary fits into this rapidly growing and changing space.
Brian Mangene is the Assistant Vice President of Business Intelligence and Analytics at The Hartford. In this role, he is responsible for the delivery of data and business intelligence solutions within the actuarial department. He is also responsible for reserving platforms. Mister Mangene holds a Bachelor of Science in Management Information Systems from the University of Connecticut.
Raj Moorkath is the Segment Data Architect for group benefits at the Hartford. In his current role he is responsible for working closely with the business to define the vision and strategy for data and to promote data management principles including ownership and governance.
In his prior role, Raj served as a management consultant at Aetna to help hospital systems transform their business models to value based care using technology and the use of analytics.
He holds a Bachelor's in Computer Engineering from Mangalore University and Master's in Business Administration from the University of Connecticut.
D: Stable Value
Kyle Puffer and Matt Condos
Session Description:
This session will cover an introduction to Stable Value, the current state of the market, and regulatory developments impacting this important asset class within Defined Contribution plans. Particular attention will be given to the latest updates on the NAIC model regulation impacting statutory reserving. The session is geared towards both newer actuaries interested in learning more about the products and market landscape, as well as experienced practitioners interested in how future reserving standards may impact their business.
Kyle Puffer serves as Senior Actuary and Head of Retirement Valuation at Voya Financial. In this role, he is responsible for all actuarial aspects of the reported financial results for Voya Financial's Retirement business unit, including Defined Contribution, Stable Value, Pension Risk Transfer and Payout Annuity products for all legal entities and accounting bases.
Prior to joining the company, Kyle held a number finance and actuarial positions in retirement and group healthcare at Prudential and CIGNA. At Prudential, Kyle served as Head of Full Service Retirement Pricing and Head of Annuity Business Finance including responsibilities for management reporting, expense management, and competitive analysis.
Kyle graduated summa cum laude from the University of Connecticut with a bachelor's degree in Mathematics / Actuarial Science. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries (AAA). Kyle currently serves on the AAA Deposit Fund Subgroup and has proposed changes to stable value model regulations currently under review at the NAIC.
Matt Condos serves as Senior Vice President within Voya's Retirement business, leading the Institutional Markets segment which is comprised mainly of Stable Value and Pension Risk Transfer offerings. In this role he is responsible for P&L management, market strategy, product development and client sales/relationship management for Voya's product offerings within the Defined Contribution (401, 457, and 403(b)) and Defined Benefit markets.
Prior to his current responsibilities, Matt held several finance and product management positions within Voya's Defined Contribution business. Prior to Voya, Matt worked at Keefe, Bruyette & Woods investment bank and at Hartford Life Insurance Company in a variety of product development and finance roles.
Matt earned a bachelor's degree in business administration from Bryant College in Rhode Island. He is a Fellow of the Society of Actuaries, a member of the American Academy of Actuaries, holds FINRA Series 7, 26, 63, 86, and 87 securities registrations, and holds insurance licenses in all states.
Presentation Slides: Click Here
General Session #3 (4:00-5:00)
US Economic Outlook
Danny Bachman, Ph.D.
Session Description:
Description of Deloitte's US economic forecast. Includes discussion of short-term, medium-term, and long-term drivers of growth and inflation. Explanation of four scenarios and how to think about forecasting in a probabilistic way. Also covers international issues that affect the US economic forecast.
Danny Bachman is in charge of U.S. economic forecasting for Deloitte's Eminence and Strategy functions. He is an experienced U.S. and international macroeconomic forecaster and modeler. Dr. Bachman came to Deloitte from IHS economics, where he was in charge of IHS's Center for Forecasting and Modeling. Prior to that, he worked as a forecaster and economic analyst at the US Commerce Department, was responsible for U.S. economic forecasting and modeling at WEFA (previously Wharton Econometric Forecasting Associates) and taught international economics at Temple University. His first professional job was at Israel's Ministry of Finance.
Dr. Bachman is a native of Philadelphia. He has a B.A. from Johns Hopkins and Ph.D. from Brown University. Dr. Bachman lives in Rockville, Maryland with his wife, but without his two millennial children, who-evidently defying the odds-have not returned home after college. Yet.