BREAKOUT SESSIONS

Health Breakout Sessions

Climate Change and Health

Wednesday, Nov. 2, 10:30 to 11:45 a.m.

🎫 Accessible with the Digital Pass
Climate change is affecting all aspects of life and the economy. In this session, panelists will discuss how climate change is affecting health risks, both directly and indirectly. This discussion will include an exploration regarding how climate change particularly affects communities of color and health equity. The session will also cover how climate change provisions in the newly enacted Inflation Reduction Act aim to address these problems and what more still needs to be done.

Speakers: Latoya Hill, Senior Policy Analyst for Racial Equity and Health Policy Program, Kaiser Family Foundation; Allison Crimmins, MS, MPP, Director, National Climate Assessment, U.S. Global Change Research Program, White House Office of Science and Technology Policy; Aileen Nowlan, Director, Global Clean Air U.S. Region, Environmental Defense Fund

Moderator: Ron Ogborne, MAAA, FSA, Chairperson, LTC Medicaid Subcommittee

Regulating the Affordable Care Act: What’s New for 2023? 

Wednesday, Nov. 2, 1:45 to 3 p.m.

Federal regulations are revised annually to reflect changes in the law and other policy changes. In this session, panelists will provide an update on regulatory activities in the Affordable Care Act marketplaces. Each year we invite staff from CCIIO to provide updates on the important regulations governing the ACA markets. And we’re happy to have them back this year to discuss what’s new for 2023 and to answer audience questions.

Speaker: Lee Resnick, MAAA, ASA, CCIIO Front Office; Joshua Paul, Health Insurance Specialist and Risk Adjustment Data Validation Technical Lead, Financial Management Group, Division of Policy and Analysis, CCIIO; Ariel Novick, Director of the Division of Plan Analytics and Review, CCIIO; Lindsey Murtaugh, Director, Market-wide Regulation Division, CCIIO; Jeff Wu, Deputy Director for Policy, CCIIO

Moderator: Joyce Bohl, MAAA, ASA, Chairperson, Individual and Small Group Markets Committee

Health Care Workforce Shortages

Thursday, Nov. 3, 10:30 to 11:45 a.m.

Having health insurance is one thing; being able to access care is another. COVID-19 has led to increased gaps in the health care workforce, exacerbating shortages already felt in certain geographic areas, facility types, and medical disciplines. Workforce shortages can also exacerbate health disparities. In this session, panelists will provide an overview of health care workforce shortages and discuss shortages on the access to and cost of health care. They will also explore possible options to address shortage problems.

Speakers: Dr. Candice P. Chen, Associate Professor, Fitzhugh Mullan Institute for Health Workforce Equity, Milken Institute School of Public Health, George Washington University; Marilyn Serafini, Executive Director, Health Program, Bipartisan Policy Center; Stephen M. Pegula, MS, Economist, Health Resources and Services Administration (HRSA)

Moderator: Rebecca Owen, MAAA, FSA, FCA, Chairperson, Health Care Delivery Committee

Life Breakout Sessions

"All the Scenarios": Exploring Economic Scenario Generators

Wednesday, Nov. 2, 10:30 to 11:45 a.m.

The NAIC is introducing a new economic scenario generator, which is expected to have a large impact to principles-based reserves and risk-based capital. This session will cover the latest status of this project, expected timing of a new generator, field testing observations, and outstanding key decisions.

Speakers: Brian Bayerle, MAAA, FSA; Al Zlogar, MAAA, FSA, Member, Economic Scenario Work Group; Hal Pedersen, MAAA, ASA, Member, Economic Scenario Work Group

Moderator: Jason Kehrberg, MAAA, FSA, Chairperson, Economic Scenario Work Group

A Conversation on the Professional Implications of Big Data and AI

Wednesday, Nov. 2, 1:45 to 3 p.m.

Can we demystify the black box for more transparent and productive insurance business decisions about uncertainty? This session will be a fast-paced and interactive conversation about the impact that machine learning and artificial intelligence have had on insurance practices for underwriting, risk selection, and actuarial functions. We will primarily discuss recent developments, regulatory issues, and potential future trends in shaping the life insurance, long-term care, and annuity practice areas (though will also bring in relevant applications to P&C & Health). We will actively engage the audience for input and insight.

Speakers: Dorothy Andrews, MAAA, ASA, Chairperson, Data Science and Analytics Committee; Stephan Mathys, FSA, U.S. Director of Customer Success, Montoux

Moderator: Dave Sandberg, MAAA, FSA, Member, Data Science and Analytics Committee

The Emergence of Private Equity and Life Insurance

Thursday, Nov. 3, 10:30 to 11:45 a.m.

🎫 Accessible with the Digital Pass
As more and more private equity firms enter the life insurance and annuity space through acquisitions and reinsurance transactions, we will discuss the impact had on industry in addition to U.S. regulatory intervention related to these developments. In particular, this session will discuss complex assets, reinsurance structures, and NAIC developments to address the changing environment.

Speakers: Philip Barlow, MAAA, FSA, Associate Commissioner for Insurance, District of Columbia Department of Insurance, Securities and Banking; Edward Toy, Investment Specialist/Practice Lead–Investments, RiskReg; Theresa Resnick, MAAA, FSA; Ben Slutsker, MAAA, FSA, Vice President, Life; Jason Kehrberg, MAAA, FSA, Chairperson, Academy Economic Scenario Generator Work Group and Academy Asset Modeling and Reporting Task Force

Moderator: Jason Kehrberg, Chairperson, Academy Economic Scenario Generator Work Group and Asset Modeling and Reporting Task Force

Pension Breakout Sessions

Single-employer plans

Wednesday, Nov. 2, 1:45 to 3:00 p.m.

This session will explore the recent and proposed legislation affecting single-employer retirement plans and the influences public policy perspectives and legislative scoring rules have had on the bills.

JBEA CPE Available: Non-core

Speakers: Shai Akabas, Director of Economic Policy, Bipartisan Policy Center; Jamie Cummins, Tax Counsel, U.S. Senate Committee on Finance; Kendra Isaacson, Senior Pensions Counsel, U.S. Senate Committee on Health, Education, Labor & Pensions; J. Mark Iwry, Nonresident Senior Fellow, Economic Studies, Brookings Institute

Moderator: Scott Hittner, MAAA, FSA, FCA, EA, Vice Chairperson, Pension Practice Council

Social Security

Thursday, Nov. 3, 10:30 to 11:45 a.m.

This session will feature a discussion of ongoing and evolving economic, workforce, and pandemic factors and the potential effect on Social Security’s long-term solvency, as well as possible disparate impacts across society, due to differences in earnings levels, whether a job is covered by Social Security, family composition, individual life expectancies, and marital history.

JBEA CPE Available: Non-core

Speakers: Richard Jackson, President and Founder, Global Aging Institute; Hilary Waldron, Senior Economist, Office of Microeconomic Analysis, Department of the Treasury

Moderator: Amy Kemp, MAAA, ASA, EA Chairperson, Social Security Committee

Public Plans

Wednesday, Nov. 2, 10:30 to 11:45 a.m.

This session will explore funding topics in public pension plans, including practices in fixed-rate funding, surplus funding, and other funding policies in use, in guidance, and in discussion.

JBEA CPE Available: Non-core

Speakers: Alex Brown, Research Manager for the National Association of State Retirement Administrator (NASRA); Dan Doonan, Executive Director of the National Institute on Retirement Security; Sanford Rich, Executive Director, New York City Board of Education Retirement System

Moderator: Todd Tauzer MAAA, FSA, FCA, CERA

Casualty Breakout Sessions

Pricing and Underwriting

Wednesday, Nov. 2, 10:30 to 11:45 a.m.

This session will feature a discussion on underwriting, modeling, classification, and bias in ratemaking with a spotlight on the regulatory, industry, and consumer perspectives.

Speakers: David F. Snyder, JD, CPCU, American Property Casualty Insurance Association; Philip Barlow, MAAA, FSA, Associate Commissioner for Insurance, District of Columbia Department of Insurance; Chuck Bell, Programs Director, Advocacy, Consumer Reports (virtual speaker)

Moderator: Lauren Cavanaugh, MAAA, FCAS, Academy Vice President, Casualty

Cyber Risk

Wednesday, Nov. 2, 1:45 to 3 p.m.

🎫 Accessible with the Digital Pass
This session will feature a discussion on the ever-changing landscape of cyber insurance and cyber risk for regulators, insurers, and the public. Panelists will discuss cyber insurance, cyber insurance vendor models, risk management, and the upcoming research project.

Speaker: Sam Tashima, MAAA, FCAS, Member, Cyber Risk Task Force; Stephanie Schmelz, Deputy Director, Federal Insurance Office, U.S. Department of the Treasury; Steve Jackson, Assistant Director, Research, American Academy of Actuaries; Professor Marie Kratz, Risk Modelling & Actuarial Science Insurance Mathematics—Risk Analysis and Management, Essec Business School (virtual speaker)

Moderator: Norman Niami, MAAA, FCAS, Chairperson, Cyber Risk Task Force

Climate change

Thursday, Nov. 3, 10:30 to 11:45 a.m.

This session will feature a discussion on the purpose and capabilities of the Actuaries Climate Index (ACI) and the Actuaries Climate Risk Index (ACRI), as well as a review of ongoing research as the indexes move toward version 2.0.

Speakers: Peter Ott, MAAA, FCAS, Chairperson, Academy ACI/ACRI Work Group; Ellen Mecray, Regional Climate Services Director, National Oceanic and Atmospheric Administration; Fran Moore, Senior Economist, Council of Economic Advisors, White House)

Moderator: Lisa Slotznick, MAAA, FCAS, Chairperson, Academy Climate Change Joint Task Force

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