Swiss Re's US Life and Health team is looking forward to the following insurance industry event. Come meet us and be sure to check out our featured Swiss Re experts!
Want to talk? Contact your Swiss Re Client Manager. We'll schedule some time just for you.
October 16, 2018
Swiss Re Speaker Series at the SOA Annual Meeting & Exhibit
Music City Center
Join us on Oct. 16 at the Annual Meeting for a special SOA Swiss Re Speaker Series, "More ways to say yes: engaging, underwriting and improving the health of consumers with modifiable risks."
The three-part series offers pointers on how life insurers can grow their business, with an emphasis on:
- Opportunities to reach potential consumers with chronic conditions
- Methods of engaging potential consumers within a health-ecosystem
- Emerging data collection capabilities to better underwrite modifiable risks
- Concepts in product development to better address those with chronic conditions
- Opportunities to create ongoing engagement with policyholders with chronic conditions
- Platforms to engage policyholders and help reduce their risks and improve their health
8:30 – 9:45 a.m.
Meet Chris Behling, Head US L&H Strategy, Swiss Re, as he moderates the following session:
Swiss Re Speaker Series Part One: Connect: Engaging Potential Consumers in Health Ecosystems
Closing the $25 trillion protection gap will require the life insurance industry to engage consumers in new ways. Research shows that the traditional "insurance ecosystem" will not exist in the future. Success will depend on integrating protection needs into other ecosystems where consumers are already engaged.
The presenters will explore the key success factors to successfully engaging consumers within a health ecosystem and explore opportunities to connect with potential consumers, gather data that can help insurers and consumers, establish credibility around providing insurance solutions and successfully converting consumers into policyholders. In this session, we will explore successful ways to target and engage consumers outside of the insurance ecosystem by leveraging the associations, activities and interest groups where they participate. We will also explore how gamification can streamline the process of data collection and underwriting.
10:15 – 11:30 a.m.
Meet JJ Carroll, Head New Solutions Group, Swiss Re, who will moderate the following session and Alan Martin, L&H Products Strategy, Swiss Re, who will co-present:
Swiss Re Speaker Series Part Two: Transact: Dynamic underwriting – new ways of unlocking value
Today the insurance industry generally assesses mortality risk at a single point of time. Additionally, underwriting generally assumes that everyone within a defined cohort will manage their risks in the same way and as a result, their chronic conditions will progress in the same way. By ignoring the fact that risks and chronic conditions are not static, we prevent ourselves from unlocking value for both carriers and consumers. This session will examine fundamental questions about how we underwrite. The presenters will also include product development concepts that consider modifiable risks and how they change over time.
2:00 – 3:15 p.m.
Meet Joanna Rogers, Project Manager, Swiss Re, as she moderates the following session:
Swiss Re Speaker Series Part Three: Retain: Products and Programs to Help Policyholders Improve Their Health
The health management industry has gone through a significant transformation over the past 20 years. From its early days in drug markers, through disease management and now population health management, technology, interventions, incentives and self-tracking have evolved to create engaging platforms that can help users reduce their risks, improve their health and better manage their chronic conditions.
In this session, attendees will learn how carriers can leverage these tools and platforms to drive real, ongoing engagement with policyholders while at the same time helping them improve their health. This is an opportunity to offer products that evolve with policyholders' health. The end goal of these efforts will not only improve the health of policyholders, but also the mortality experience of carriers.
Sessions at the SOA Annual Meeting & Exhibit
October 14 - 17, 2018
10:30 am – 11:45 a.m.
Meet Brian Carteaux, L&H Liability Portfolio Manager, Swiss Re as he co-presents the following session:
The presenters will cover issues and considerations actuaries face around inforce management. They will discuss ways policyholder behavior impacts an inforce block of business and how products, features and behaviors may be evaluated, modeled and managed. They will also discuss non-guaranteed elements (NGEs) such as dividends, interest credited rates, post-level term premiums and cost of insurance (COI) rates, focusing on considerations in deciding whether, when and by how much to adjust these elements.
Meet Annie Bai, Data Protection Officer, Swiss Re as she co-presents the following session:
Is Your Data Protected? Should I Care?
As a small company actuary you may not have had to worry about SOX, ORSA or model office rules. However, you may not be so lucky with the new NAIC model law on insurance data security. Do you have your data locked down, work on a laptop outside of the office or know who has access to your data? These questions and many others will be important as companies begin to understand and implement the new model on insurance data security. What are the things that I need to know? How do I protect the data I use? How can I ensure that data security is what it should be? Can I just leave this in the hands of the IT department? These questions and more will be explored during this interactive forum.
12:00 pm – 1:30 p.m.
Meet Jennifer L. McGinnis, FSA, CERA, MAAA, In Force Portfolio Manager, Swiss Re as she moderates the following forum:
In-Force Management Networking Lunch
Join us for an interactive forum and enhance your network with fellow practitioners of inforce management. This will be a great opportunity for sharing challenges and brainstorming solutions. You'll also learn more about the activities of the Product Development Section's Inforce Management subgroup, which will support you in staying connected with fellow attendees beyond the SOA Annual Meeting & Exhibit.
Meet Neil Sprackling, President US L&H, Swiss Re at the following event:
Reinsurance Section Luncheon: Discussion with Reinsurance CEO's and Executives
The Reinsurance Section will be hosting a panel discussion with reinsurance CEO’s and reinsurance executives. Discussion points will include everything from tax reform impacts to selling to millennials. Come join your fellow Reinsurance Section members to hear about industry views from those that are leading the industry!
3:30 pm – 4:45 p.m.
Meet Ronald Stopher, FSA, MAAA, Head L&H Large Transaction Origination, Swiss Re, as he moderates the following session:
May the In-Force be With You: Transactions for Life and Annuity Business
While transactions for life and annuity in force business are not new, the structures of the solutions take many shapes in order to adapt to regulatory changes, the ever-shifting market environment, and companies' strategic and financial goals. Join the discussion to learn more about various transaction structures, implemented globally, that have solved a variety of specific needs. At the conclusion of the session, attendees will be able to understand the global trends on pro-active inforce management insurers' motivation for inforce transactions and the types of transactions being executed.
8:30 am – 9:45 a.m.
Meet Monica Wilson, MD, DBIM, Chief Medical Officer, Swiss Re, who will co-present the following session:
Evolution of Traditional Underwriting
Traditional underwriting is far from being static or old fashioned as the word “traditional” may imply. Traditional underwriting is constantly updating and evolving to not only improve current understanding of evidence, but incorporate new sources and information into the underwriting process. Come hear about some recent studies and impacts as companies look at assessing risk for their fully underwritten products. Topics include NT-ProBNP, opioids and diabetes/A1c. The presenters will talk about why enhancing, and not necessarily eliminating, testing is important.
10:15 am – 11:30 a.m.
Meet Craig Hanford, Marketing Actuary, Swiss Re, who will moderate the following session:
Help! I Don't Have the Data I Need to Price a Predictive Model
How can you price a product using a predictive model if you don’t have data to evaluate the likely impact on assumptions? Perhaps you are entering a new market? Or a smaller company with limited credibility? In this session, attendees will explore how peer benchmarking and other tools can be used to estimate pricing impact to mortality and distribution. Case study examples will be shared to illustrate points to consider. Attendees will learn what questions to ask when evaluating a predictive model for a new book of business.
12:00 pm – 1:15 p.m.
Meet Chris Behling, Head US L&H Strategy, Swiss Re, who will present the following session:
The Innovators Journey to Breakthrough
What we keep trying isn’t working. We need fresh ways to solve problems, overcome obstacles, clarify objectives, remove complexity, align systems, optimize effectiveness, build passion and deepen engagement. In short, we need a breakthrough. In this session, presenters will peek inside the mind of natural born innovators for tools that can help achieve breakthroughs in our lives and organizations.
Meet Alijawad Hasham, Senior Valuation Actuary, Swiss Re, who will co- present the following session:
The Intersection of Principle-Based Reserving and Accelerated Underwriting
The presenters will take a deep dive into the interplay between principle-based reserving (PBR) and accelerated underwriting. PBR calls for determining margins for mortality based on the credibility of underlying company experience that is relevant to the business being reserved for. One aspect of relevancy is to have a similar underwriting methodology. By definition however, accelerated underwritten products do not strictly have similar business in force even though the methodology is meant to achieve mortality results close to fully underwritten programs.
Meet Lisa Marie Domonkos, FSA, CERA, MAAA, In Force Management Actuary, Swiss Re, who will moderate the following session, and Sebastian Joseph Kleber, FSA, MAAA, Assumption Development Actuary, Swiss Re, who will co-present:
Overcoming the Gremlins in Your Reinsurance Administration Data
Processing data from your policyholders is one thing, passing it through additional systems to administer your reinsurance contracts can be quite another. Whether common features (e.g. conversions) or specific contractual terms (e.g. unique reinsurance premiums for joint life products), there are well known "gremlins" that can put a wrench in the proper administration, and ultimately, the understanding of performance, of reinsurance contracts. Attend this session to learn more about the "gremlins" that often haunt reinsurance administration data, understand how they impact various teams throughout insurance and reinsurance organizations and leave with insight as to how they might be overcome.
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