LIC Annuity Committee Meeting Agenda
Wednesday, April 23, 2025
2:00 p.m. - 2:15 p.m. - Welcome from Converge Re and LIC
2:15 p.m. - 3:00 p.m. - Attendee Intros/Activity Reports
3:00 p.m. - 4:00 p.m. - Exploring RILA and VA Synergies Through Integrated Hedging/Risk Management
Collin Davidson, FSA, MAAA, CERA, Principal & Consulting Actuary, Milliman
4:00 p.m. - 4:30 p.m. - Agent Monitoring
Bill Mehilos, FSA, MAAA, Principal & Consulting Actuary, Milliman
Al Klein, FSA, MAAA, Principal and Consulting Actuary, Milliman
4:30 p.m. - Sessions Adjourn for the Day
6:00 p.m. - 8:30 p.m. - Hosted Networking Dinner
Thursday, April 24, 2025
8:00 a.m. - 8:30 a.m. - Continental Breakfast
8:30 a.m. - 9:30 a.m. - Updates on PBR and the AG on Offshore Reinsurance
Bruce Friedland, MBA, FSA, MAAA, CLU, ChFC, Principal of Friedland Consulting Services LLC, will give updates on principle-based reserves for fixed annuities (VM-22) and the actuarial guideline (AG) dealing with asset adequacy testing on business using offshore reinsurance. The AG is moving quickly and there will be requirements in place for year end 2025. This will impact companies selling asset intensive business (like fixed annuities, PRT) using offshore reinsurance options (possibly captives also).
9:30 a.m. - 10:00 a.m. - Networking Break
10:00 a.m. - 11:00 a.m. - Case Study: GBU
Katy Hylkema, Assistant Vice President of Customer Experience, who oversees Product Marketing, Product Development, and Customer Experience at GBU Life, will be presenting on the Defined Benefit Annuity launch targeted for Gen Z.
11:00 a.m. - 11:30 a.m. - Annuity Q&A and Discussion Topics
11:30 a.m. - 12:30 p.m. - Networking Luncheon Hosted by Converge Re
12:30 p.m. - Meeting Adjourns
4:30 p.m. - 10:00 p.m. - Optional Dinner & Broadway Show
Some attendees are thinking of staying over Thursday for dinner and a show (TBA) on Broadway on our own. If interested, contact awittenburg@loma.org.