SEAC Program - Actuary.com

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