PBR in Practice: Asset Modeling and Hedging in Practice 

The registration link will be available soon.

Join us for the second installment of the American Academy of Actuaries’ PBR in Practice series, a practical discussion of key considerations for hedging, asset modeling, and asset optimization under VM-21 and VM-22. As companies continue to refine their principle-based reserves (PBR) frameworks, understanding the interaction between assets, liabilities, and risk management strategies remains critical to effective implementation. 

Who should attend: Actuaries and professionals involved in life insurance valuation, investments, risk management, financial reporting, and PBR implementation.

During this webinar, experts will explore asset modeling approaches, hedging considerations, and optimization strategies that can influence PBR outcomes. Presenters will share practical insights on implementation challenges, emerging industry practices, and considerations for balancing investment objectives with liability risk management. 

Whether you are involved in valuation, modeling, risk management, investments, or PBR implementation, this webinar will provide actionable perspectives to help navigate the evolving regulatory and business landscape. 

At the conclusion of this session, attendees will be able to: 

• Understand key asset modeling considerations under VM-21 and VM-22. 
• Explain how hedging strategies interact with liability risks and PBR outcomes. 
• Identify considerations for investment, reinvestment, and asset optimization strategies. 
• Recognize practical implementation considerations and emerging industry practices. 

MODERATOR

April Shen, MAAA, FSA, CERA 
Chairperson, PBR Implementation Subcommittee 

SPEAKERS

David Moralis, MAAA, FSA 
Member, PBR Implementation Subcommittee 

Jack Liu, FSA 
Member, PBR Implementation Subcommittee 

Craig Michaud, MAAA, FSA 
Member, PBR Implementation Subcommittee 

REGISTRATION

Registration for this webinar is limited to the first 1,000 registrants. Visit our webinar FAQs to learn more about our webinar policies, including group registration.

For more information about this webinar, contact [email protected].

Event Pricing

• Members: $55
• Nonmembers: $110
• Group Registration for Academy Members: $500

Complimentary registration is available to the following cohorts of Academy members. Contact [email protected] to request a discount code to register.

• Government regulators
• Academy volunteers who meet both
  • “active” members of an Academy committee, board, subcommittee, task force, or work group; and
  • qualified for either a partial or full dues waiver during 2026.

Contact [email protected] to request a discount code to register.

CONTINUING EDUCATION

The American Academy of Actuaries believes in good faith that attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.8 organized continuing education (CE) credits for attending this live webinar. 

ADDITIONAL INFORMATION

Registration for this webinar is limited to the first 1,000 registrants. Visit our webinar FAQs to learn more about our webinar policies, including group registration. For more information about this webinar, contact [email protected].