Southeastern Actuaries Conference

Transcription

1 Southeastern Actuaries Conference Annual Meeting November 14-16, 2012 Royal Sonesta Harbor Court Baltimore, MD Executive Committee President Vice President Membership Chairman Secretary/Treasurer Past President Member at Large Member at Large Joyce B. Whaley Richard D. Schaefer James E. Drennan Shawn D. Parks Joeff Williams Jeffrey B. Williams Winter Liu

2 Wednesday, Nov 14th 1:45 p.m. 5:30 p.m. Registration [Foyer] 2:00 p.m. 5:00 p.m. Seminar Professionalism [Whitehall Ballroom] Lloyd Spencer, FSA, MAAA Hannover Life Reassurance Company of America Vice President and Research Actuary Jeff Harper, FSA, MAAA Contingent Quantities Consulting President Break sponsored by LCM Associates of Atlanta 5:30 p.m.-7:00 p.m. Reinsurers Reception [Hamptons Room] Thursday, Nov 15th 7:00 a.m. 8:00 a.m. Breakfast [Hamptons/Explorers] 8:00 a.m. 8:30 a.m. SEAC Business Session and Presidential Address [Whitehall Ballroom] 8:30 a.m. 10:10 a.m. General Session [Whitehall Ballroom] 10:10 a.m. 10:30 a.m. Break [Foyer] v Supplemental Health Products What is H.S.A. compliant How is it marketed, GAP filler, primary National Healthcare Reform effect on GAP Jim Baum, ASA, MAAA Allstate Benefits SVP, Group Operations v Rate Increase Roadmap Affordable Care Act Timelines Challenges with the Threshold Rate Increase Outstanding Issues with 2014 Rating Lynda Johnson, ASA, MAAA OptumInsight Director Actuarial Consulting v Business Intelligence/Analytics High-level overview of data warehousing Possible difficulties and best practices in implementation Benefits and uses of business intelligence for actuaries Paul Ramirez, ASA, MAAA Allstate Benefits Senior Actuarial Associate 2

3 10:30 a.m. noon General Session [Whitehall Ballroom] v Medical Advances in Underwriting Underwriting for sleep apnea Family history of cancer risks Relationship between the actuarial department and medical department Dr. Martin Engman Chief Medical Director Legal and General America v NAIC Update PBR/Valuation Manual Update NAIC WG AG38 Connections Nonforteiture Modernization Annuity WGs (Disclosure/CDAs) 12:00 noon 1:30 p.m. Lunch [on your own] John MacBain, FSA, MAAA Consulting Actuary Actuarial Resources Corporation 1:30 p.m. 3:00 p.m. General Session [Whitehall Ballroom] 3:00 p.m. 3:30 p.m. Break v Long Term Care Combo Regulation and Tax Issues LTC Riders-7702B Chronic Illness Rider 101[g] Model Regulation 620 Interstate Compact Standards Michelle Dyke, FSA, MAAA Milliman Principal and Consulting Actuary v ERM Topics: State, Federal and International ORSA Systemically Important Financial Institutions (SIFIs) Global Systemically Important Insurers (G-SIIs) Jeff Schlinsog, FSA, MAAA PricewaterhouseCoopers LLC Principal Concurrent Sessions 3:30 p.m. 5:00 p.m. 1. Life Insurance [Whitehall Ballroom] v Mortality Improvement Current trends in mortality improvement Variations in improvement levels among different population subgroups Current practices for setting mortality improvement assumptions for individual life and annuity products Marianne Purushotham, FSA, MAAA LIMRA International Corporate Vice President, Member Benefits 3

4 v Annuity Market Update Recent sales trends Product trends Pricing and risk management Guillaume Briere-Giroux, FSA, MAAA, CFA Towers Watson Senior Consultant v AG38 Revisions Highlights of the revisions Practical reserve implications of inforce and prospective ULSG blocks Potential ULSG product ramifications Dave Ramsey, FSA, MAAA Actuarial Resources Corporation Consulting Actuary 3:30 p.m. 5:00 p.m. 2. Health Insurance [Hamptons] v Medical Management Programs How to Measure the impact of a Value Based Benefit program Value Based Medical Overview Measuring the Impact of Value Based Benefit Programs David Hom Consumer and Provider Engagement, SCIOhealth Analytics President v Pricing Under ACA Challenges Pricing Actuaries are facing due to PPACA Pricing Approach under PPACA Additional considerations as product development and pricing move forward Dan Pribe, FSA, MAAA OptumInsight Director v Medicare Advantage How the ACA changes Medicare Advantage plans Impacted of Medicare Advantage payment reductions Impacts to county benchmarks due to the changes to the Quality Bonus Demonstration Greg Winkler, FSA, MAAA Senior Consulting Actuary Wakely Consulting Group 5:30 p.m. 8:00 p.m. General Reception [Spirit Cruises] v Cruise boards at 5:30 and sails from 6:00-8:00; directly across from hotel 8:00 p.m. 11:00 p.m. Sponsored Reception D.W. Simpson [Explorer Lounge] 4

5 Friday, Nov 16th 7:00 a.m. 8:00 a.m. Breakfast [Hamptons/Explorers] 8:00 a.m. 8:15 a.m. Business Session [Whitehall Ballroom] 8:15 a.m. 10:30 a.m. General Session [Whitehall Ballroom] v Health Care Reform Update Possible Impact of Election Results Supreme Court Ruling Where Can I Find the Latest Information on ACA Upcoming Changes under ACA New Competitors in the health care market David Hayes, FSA, MAAA Milliman Consulting Actuary v IFRS/GAAP Update Insurance company perspective to the FASB Insurance Contracts Accounting Project (ICAP) Overview of what we believe will be proposed Implementation considerations model, portfolio, mean cash flows, amortization of the margin William Obert, FSA, MAAA UNUM VP, Individual Valuation 10:30 a.m. 11:00 a.m. Break [Foyer] 11: 00 a.m. 12:15 p.m. Workshops v Practical Stochastic Modeling (LTC example) Overview of stochastic liability models Practical considerations Enhancing dashboards Stochastic approach to credibility theory Roger Loomis, FSA, MAAA Actuarial Resources Corporation Senior Developer 1. Health Topics [Whitehall] David Hayes, FSA, MAAA Consulting Actuary at Milliman 2. Life Products [Westminister] Jason Kehrberg, FSA, MAAA Vice President at Polysystems, Inc. 3. Valuation [Guilford] Jeanette Rhodes, FSA, MAAA Assistant Actuary at Protective Life 5

6 We Appreciate our Speakers and Sponsors for their Assistance with the Meeting. Aurigen Generali USA Life Reinsurance Company GenRe Munich Optimum SCOR Global Life America Swiss DW Simpson LCM Associates of Atlanta Members Joining Since Last Meeting Name Stephen Baloga William Dawson Kirk Higgins Katie Kirkland Kinin Kone Stacy Lampkin Stacy Levine Dwayne McGraw Anna McLachlan Aisling Metcalfe Moshe Nelkin Elana Rosenbaum Rebekah Solobay Employer Allstate Benefits Towers Watson Georgia State University Agency for Health Care Administration Coventry Health and Life Insurance Wakely Actuarial Services, Inc. Towers Watson KPMG L.L.P. Future SEAC Meetings Ponte Vedra Inn & Club Jacksonville Beach, FL June 19-21, 2013 InterContinental Buckhead Atlanta, GA November 20-22, 2013 SandPearl Resort Clearwater Beach, FL June 18-20, 2014 Portofino Hotel at Universal Orlando, FL November 19-21,

7 Westin Resort Hilton Head Island, SC June 24-26,