Actuaries possess critical analytical skills and deep understanding of the insurance business. These skills are particularly highlighted as insurance companies embarked on the journey to implement emerging reporting regimes such as Long-Duration Targeted Improvements (LDTI) and International Financial Reporting Standard 17 (IFRS 17). Both of these standards require significant changes to the existing systems and processes to acquire data, perform valuation and meet reporting requirements. In this session, you will discover practical scenarios where actuaries step out of their traditional roles and where they collaborate with finance and technology to achieve compliance and lead organizational changes. There will also be post-implementation scenarios of the emerging standards, where actuaries can continue serving as business advisors and provide insights that inform key business decisions.
Attend this session and you’ll:
• Understand the unique challenges faced by actuaries in implementing emerging regimes such as LDTI and IFRS 17. • Discover how actuaries are deeply involved in the implementation and how they collaborate with other disciplines to tackle the challenges in the face of regulatory disruption.• Envision how the roles of actuaries expand through and beyond the implementation journey.
Track: Spearheading Innovation Through Change