2024 PBR Bootcamp Meeting Agenda | American Academy of Actuaries

^-A A ⁺A

2024 PBR Bootcamp (June 11-13)
Le Meridien Philadelphia

Meeting Agenda

Monday, June 10

Registration will be open from 5 to 7 p.m.

Tuesday, June 11

8–9 a.m.	Breakfast and Overview (Linda Lankowski)
9–10:30 a.m.	Assets (Jonah von der Embse, Craig Michaud, Chanho Lee) Starting assets Reinvestment assets NAIC tables Alternative investment scenario
10:30 a.m.–Noon	Liability Assumptions (Talex Diede, Lorne Schinbein, Xiangxiang Luo) Dynamic lapse Credibility / margin Competitor actions Premium persistency
Noon–1:30 p.m.	Lunch/networking
1:30–3 p.m	Modeling for Reporting Purposes (Jason Kehrberg, Chanho Lee, Dave Neve)
3-3:15 p.m	Networking break
3:15–4:45 p.m.	Modeling Projected Reserves (Dave Neve, Steve Krupa, Xiangxiang Luo) Projection Considerations General Principles Based Reserve (PBR) Projections Model Efficiency Generator of Economic Scenarios (GOES) Assets Assumptions Reinsurance 2. Management Reporting 3. Sensitivity Analysis 4. Resources
4:45–5:15 p.m.	Daily wrap-up session
5–6:30 p.m.	Evening reception

Wednesday, June 12

7–8 a.m.	Breakfast
8–9 a.m.	The PBR Report (Seong-min Eom, April Shen, Tom Kukla) What are the regulators looking for? What do appointed actuaries want to communicate? Phrasing to a non-technical audience
9–10:30 a.m.	Hedging (David Moralis, Craig Michaud) What counts as hedge? Why hedge? Index product vs non-index product hedges Error factors, hedge effectiveness
10:30–11 a.m.	Networking break
11 a.m.– 12:30 p.m.	VM Updates (Jason Kehrberg, Linda Lankowski, Mary Bahna-Nolan) APFs VM-22 GOES VM-30 topics (AG53, off-shore reinsurance)
12:30–2 p.m.	Lunch/networking
2–3:30 p.m.	Governance (Seong-min Eom, April Shen, Tom Kukla) Who to involve in the company Auditor procedures Diff between PBR review and Quinquennial review
3:30–5 p.m.	Reinsurance (Linda Lankowski, Mary Bahna-Nolan, Donna Megregian, Lorne Schinbein, Sheldon Summers) Multiple Forms of Reinsurance YRT – ½ Cx or modeled Coinsurance and ModCo Considerations Offshore arrangements Real-life valuation concerns
5-5:30 p.m.	Daily wrap-up session

Thursday, June 13

8–9 a.m.	Breakfast
9–10:30 a.m.	Combination Products (April Shen, Tom Kukla, Robert Eaton) Interaction of MI and morbidity Assumptions Reserve calculation Separate premium => separate reserves
10:30 a.m.–Noon.	Mortality Assumptions Overview (Mary Bahna-Nolan, Donna Megregian) Credibility FMI/HMI Variation by product
Noon	Daily wrap-up session