SEAC Program - Actuary.com

10:00 a.m.–10:30 a.m. Break10:30 a.m.–12:00 p.m. General Session Disease Management/Wellness• What has and hasn’t worked over the years in DM programs?• Why should I be interested in evaluating disease management programs?• Issues and challenges• Appropriately evaluating the programs.• What is a disease? How do you identify people with diseases?• Control groups?• Accounting for normal rating variables such as age, gender, location,industry, etc.• Other items to consider‣ Bill Lane, FSA, MAAAPrincipalHeartland Actuarial ConsultingHot Tamale Baby! – Life Emerging Markets• Types of international products• Distribution methods• Regulatory issues• Pricing and profitability• Success Drivers‣ Bruce Lundeen, FSA, MAAAInternational ActuaryTransamerica ReinsuranceHot Tamale Baby! – Health Emerging Markets• Role of public versus private coverage• International opportunities – products and locations• Data availability• Role of actuaries• Success drivers‣ Jon Shreve, FSA, MAAAConsulting ActuaryMillimanManaging Unit Costs• Increase sales• Decrease expenses• Identify future point where pricing=actual• Identify fixed vs variable expenses• Reinsurance efficiencies• Underwriting approach• Limit focus‣ Norm Hill, FSA, MAAAExecutive VP & Chief ActuaryKanawha Insurance Co.12:00 p.m.–1:30 p.m. Lunch3

1:30 p.m.–3:00 p.m. General SessionHealth Reinsurance Update• Medical cost trends• Reinsurance treaty terms• Reinsurance market conditions‣ G. Russell Hugh, FSA, MAAAVice PresidentGen Re LifeHealthLife Reinsurance Update• Life reinsurance consolidation• New entrants to market• Current drivers of profits• Impact on direct writers3:00 p.m.–3:30 p.m. Break‣ Jim Filmore, FSA, MAAAAssistant VPMunich American Reassurance Co. Negotiating A Reinsurance Treaty• Setting the price• Importance of data quality• Negotiating terms• The art of the deal‣ Dale Mensik, ASA, MAAAAVP & ActuaryScottish Re.3:30 p.m.–5:00 p.m. Concurrent Session – Life InsurancePrinciples vs Formula Driven Reserves• Application to UL secondary guarantees• Effect on competitiveness• Simplicity vs complexity of product• Sensitivity to environmental change• Survey of current landscape‣ Shawn Parks, FSA, MAAAVP & Illustration ActuaryGenworth FinancialTerm Insurance Update• Trends in product design/price• Return of Premium Rider• Risk classifications• Reinsurance market impact• Capital market solutions‣ Doug Doll, FSA, MAAATillinghast Business of Towers Perrin4

Life Settlements – Impact on Life Insurance Market• Market characteristics• The settlement process• Underwriting issues• Pricing• Impact on pricing of UL‣ Larry Warnock, FSA, MAAA, FCAValue Life Corporation3:30 p.m.–5:00 p.m. Concurrent Session – Health InsuranceMedicare Modernization Act (MMA) – What’s the Latest?• Brief summary of regulations, upcoming deadlines, etc.• Competitor landscape (players, products, premium levels)• Regional PPO’s and other plans• Employer response• Marketing implications• Audit & compliance• Impact of bids below the regional benchmark• How are consumers going to react?‣ Julian Whitekus, FSA, MAAAHannover Life Reassurance Co. of AmericaPrescription Drug Trends/Update• Pharmacy trends• The pharmaceutical industry• Clinically-informed trend analysis high level overview• Micro and macro trends• Clinically-informed trend analysis illustrations6:30 p.m.–7:30 p.m. General Reception‣ Tim OlsonSenior Director, AnalyticsPrime Therapeutics LLCLarge Group Medical Product Update• High deductible plans• Consumer driven plans• Experience/renewal update• Regulatory developments• Other new developments‣ Chris FitzSimons, FSA, MAAADirector, Product InnovationBCBS of NC7:30 p.m.-11:00 p.m. D. W. Simpson ReceptionFriday, November 18 th7:15 a.m.–8:05 a.m. Breakfast8:15 a.m.–8:30 a.m. Business Session5

8:30 a.m.–10:30 a.m. General SessionABCD - A Day in the Life of a Committee MemberUnderstanding How Actuarial Board for Counseling & Discipline Really Works• How the ABCD works• Emphasis on ‘C’• Overall better understanding‣ Tom GriffinGeneral CounselAmerican Academy of Actuaries SOX: The 7 th Inning Stretch/Sarbanes-Oxley Update• Establishing internal controls• Evaluating deficiencies in control• Documentation• Testing the operating effectiveness of controls‣ Julie Curry, FSA, MAAAConsultantCurry Actuarial ServicesCredit Derivatives• What are credit derivatives?• How are they priced?• How do life insurers use them to manage risk?• Future uses of credit derivatives.‣ Martha LeiperVP, Portfolio StrategiesUnumProvident10:30 a.m.–11:00 a.m. Break11: 00 a.m.–12:15 p.m. Workshops1. GAAP Topics• Current issues• Secondary guarantees• Bonus interest rates• Audit issues• SOP-Internal Replacements• SOP 03-1 implementation‣ Jeff Klanderman, FSA, MAAA, FCAActuarial Senior ManagerKPMG, LLP2. Health Topics• Trends• Individual products• Large group products• Consumer-driven health plans• HSA's• Trend update - observed trends & rating trends• Prescription drugs6

• MMA12:15 p.m. Adjourn‣ T. Allen Park, FSA, MAAAPresidentT. Allen Park & Associates3. Life Products• Universal Life• Term products• Final expense products• Other trends• 2005 in review‣ Kristie Sayre, FSA, MAAAActuaryActuarial Resources Corporation4. Annuity Products• Sales trends in Fixed vs Indexed vs Variable• Design trends in Fixed vs Indexed vs Variable• Compensation trends• Effect of flattening yield curve• ALM issues• Reserve issues• C3 Phase II RBC‣ Rob Foster, FSA, MAAAGenworth Financial7