Annual Meeting Cross Discipline Sessions

In 2022 Social Security and Medicare each accounted for 21% of federal spending. Both programs face long-term financing shortfalls, and are frequently the subject of public policy discussions, although little has been done to materially address the long-term sustainability of these programs. Join the Chief Actuaries from the Social Security Administration and Centers for Medicare & Medicaid Services, along with other experts in these programs for a "state of the system" update and discussion of policy alternatives to improve the financial health of each program.

The CCA’s Business Session precedes the Monday General Session with the welcoming of attendees, announcement of new directors and officers, Treasurer’s Report and presentation of the CCA’s annual awards. Our keynote presentation immediately follows. This year is a turning point in public understanding—and concern—about artificial intelligence. The rapid rise of ChatGPT and its clones has been nothing short of astonishing. And it’s been matched by an outpouring of dire predictions, from human extinction to massive unemployment. But well before we grapple with existential questions about AI, there will be more practical challenges for business and society. Social, legal and political challenges are imminent, as well as new questions about fair business practices, ethics and liability. As advanced AI grows more common in law, finance, medicine and similar critical professions, additional potential liabilities will arise. Government oversight and regulation are unlikely to keep pace. The first “rules of the road” for AI may come from industry groups seeking to self-regulate, often emphasizing disclosure and transparency. Those efforts will be driven by insurance and legal concerns. Professional services will change with the adoption of cognitive computing. White collar employment, including law and finance, will be impacted, especially among younger workers. The result will be new efficiencies and surprising intelligent services that will challenge us to identify what skills are uniquely human.

A panel of experienced practitioners address how to measure and leverage your investment in your employees and their benefits.

Biases. We all have them and we all deal with them in our work. Whether cognitive, social, or statistical in nature, bias creeps into actuarial work. Is bias bad, or can it be a good thing? Is it neither, and simply something for actuaries to identify, understand, and manage? How do we accomplish that? Join this interactive session as our panelists and audience discuss and debate different types of biases actuaries encounter in our work.

Captive insurance companies are a risk management tool used in healthcare, pensions, life insurance, and casualty. A panel of experienced practitioners discuss how captive are used in these businesses.

Data analytics and Artificial Intelligence are increasingly used in actuarial work. Our panelists discuss how these tools are used in everyday, practical actuarial applications.

Consulting is a fine line to walk between understanding how to solve client problems and matching the solutions you have to offer. Sometimes the client isn't receptive to a solution that makes sense to you. Sometimes you are being asked to offer solutions or products that don't make sense to the client. During this interactive session, the audience is presented with case studies and asked to discuss the scenario and ways to deal with the tough conversations.

Words matter. This is more important than ever to manage, especially in the world of impersonal email communications and less frequent personal interactions. The speakers address the dos and don'ts of communicating with clients in a more distant work environment, and how to control your messaging to maintain a healthy working relationship.

Demography is reshaping the economic and geopolitical landscape of the 21st century. The United States, along with the rest of the developed world, is entering an era of rapid population aging. Will it also be an era of rising fiscal burdens, chronically slow economic growth, and diminished geopolitical stature? China, the world’s “factory floor’ for the past twenty-five years, is now hitting its own demographic wall. Can a demographically graying and shrinking China still be an economically and geopolitically rising China? India, which just overtook China as the world’s most population country, has more favorable demographics. But can it overcome its many economic handicaps to replace China as the engine of global growth? And what about sub-Saharan Africa, which will account for two-thirds of the growth in the world’s working-age population between now and 2050? Speakers explore the implications of these and other global demographic developments for the world economy and world order.