2025 ASNY FALL MEETING

Please join us for the 2025 ASNY Fall Meeting to be held on November 18, 2025!  Don’t miss out on thought provoking sessions led by expert speakers including topics on professionalism, macroeconomic outlook, actuarial innovation, and many more!

We are excited to announce that based on the positive feedback from last year’s event, we have reserved the same modern space in midtown Manhattan.

Venue: Ease Hospitality

Location: 1345 6th Avenue New York, NY 10105 (between 54th and 55th Streets)

Registration Fees

Prior to November 13th

• Paid-up Members and Subscribers: $425
• Non-Members: $475

November 13th to November 17th 

• Paid-up Members and Subscribers: $475
• Non-Members: $525

Door Price (November 18th)

• Paid-up Members and Subscribers: $525
• Non-Members: $575

Schedule

8:00 - 9:00 am: Meeting Registration and Breakfast

9:00 - 9:15 am: Welcome Remarks
Chris Liu | ASNY VP of Meetings
David Tauber | ASNY President

9:15 - 10:15 am: You Are the Fulcrum of Self-Regulation!
Brian Jackson | American Academy of Actuaries 
The actuarial profession in the United States substantially self-regulates its members’ ethical and practice standards in the development and delivery of work products and actuarial opinions. Self-regulation is both a privilege and a burden shared by all credentialed actuaries and must be supported by all members of the profession. The Code of Professional Conduct (Code) is the foundation of this effort and serves as the primary tool for measuring professional responsibility and assuring the public and regulatory authorities that the actuarial profession can be depended upon to act effectively consistent with the public interest. This presentation will utilize the profession’s “Web of Professionalism” to explore what it means to be a professional actuary and fulfill the profession's responsibility to the public.

10:15 - 10:30 am: Break 

10:30 - 11:30 am: Macro Pulse: Factors Shaping the Global Economy and Markets
Julia Hermann | New York Life Investments
The economic and market team of New York Life Investments will discuss the current hot topics in the market and factors influencing long-term interest rates, including: policy changes, government spending levels, and waves of public/private investment (AI, supply chain shifts and energy). 

11:30 - 12:30 pm: Actuarial Innovation Panel
Nishita Bhattacharya | Munich Re
Daniel Jonas | EY
Cassie He | EY
Experts from Munich Re and EY will share their research in actuarial innovation and discuss how the profession is evolving in response to AI, data-driven innovation, and changing market needs.

12:30 - 2:00 pm:  Lunch

2:00 - 2:50 pm:  Breakout Session 1

Climate Data: Quality, Challenges, and Effective Risk Quantification
Seong-min Eom | American Academy of Actuaries
Climate change is reshaping risks across the financial security system, and while climate data is abundant, turning it into reliable, actionable insights for actuarial work remains a challenge. The Academy‘s Climate Change Joint Committee‘s recent paper, Climate Data: Actuarial Perspectives on Quality, Challenges, and Effective Risk Quantification, explores the strengths and weaknesses of today’s data sources and the opportunities to improve them. This session will highlight the wide variety of climate-related data challenges actuaries face, examine key sources and their limitations, and outline pathways to stronger, more accessible data that can drive more robust risk quantification and better decision-making.

Strategic Asset Allocation for Insurers and Industry Trends
Davis Parks | Neuberger Berman
Selena Zhang | Neuberger Berman

Optimizing Strategic Asset Allocation:
Strategic asset allocation is central to US life and annuity insurers' long-term financial health and regulatory compliance. This session explores a practical approach to asset allocation optimization, covering from the basic framework to enhanced modeling with the incorporation of liability profiles, asset allocation limits, and key regulatory considerations.

US Life Insurance Industry's Asset Allocation and Trends:
With evolving market conditions and capital requirements, life insurance asset portfolios have shifted to access new sources of yield while maintaining ALM. This session will also explore how liabilities drive allocation, investigate which classes are growing most rapidly and examine how these trends relate to current market environments.

The Evolution of Biosimilars in the US
Ben Diner | Milliman
Melissa Caplen | Milliman
Hanaa Siddiqi | Milliman
Since their first U.S. approval in 2015, biosimilars have had the potential to serve as analogs to generic drugs in the biopharmaceutical space. In the initial years, biosimilars faced barriers such as regulatory approval process and patent litigations, interchangeability status, provider reimbursement, and prescription drug rebates. The obstacles appeared to stall their momentum. Yet more recently, notable progress has been made toward reducing these barriers and creating opportunities for biosimilar uptake.

2:50 – 3:05 pm:  Break

3:05 – 3:55 pm:  Breakout Session 2

Day 2 & Beyond: Business Performance under IFRS17
Minal Gohil | SCOR
This presentation will delve into the practical considerations around managing business under IFRS17, which go beyond the initial implementation changes. The need to redefine the KPIs for management purposes, to align with the new standards. Practical ways to measure, monitor, and track business performance in a way that empowers insight-driven decision-making across the organization.

Unlocking Transparency and Value in VM-22: From Model Output to VM-31
Mikkel Matsoukas | EY
Eric Wolfe | EY
The transition to VM-22 requires companies to rethink how they process and manage model outputs ensuring traceability of new assumptions and support for the VM-31 report. This is not just a compliance exercise, but an opportunity to build transparency, credibility, and value into VM-22 actuarial reporting.

Broadening the Focus - Taking a More Holistic Approach to Evaluating Benefits
Becky Sheppard | American Academy of Actuaries
Volunteers from the American Academy of Actuaries’ Health Equity Committee will share emerging information from their “Broadening the Focus” project.  This project takes a deep dive in actuarial analyses related to valuing health insurance benefits, programs, and interventions. The Committee has met with a variety of non-actuaries and collected feedback on areas we may want to consider in our analyses to help take a more holistic approach to our work such as considering the time horizon, where benefits accrue, and how current methods may not be including the full picture.  This presentation will help health actuaries think more broadly about their current approach to evaluating benefits.

3:55 – 4:10 pm:  Break

4:10 – 5:00 pm:  Breakout Session 3

Integrating Market Consistent Valuation into Economic Balance Sheet Development
Ji Eun Choi | Willis Towers Watson
As economic solvency ratios are increasingly adopted globally as part of regulatory requirements (e.g. Solvency II, Insurance Capital Standard (ICS), Bermuda Solvency Capital Requirement (BSCR)), the development and understanding of the economic balance sheet has become more critical than ever. In this session, we will explore the market consistent approach used in the economic surplus calculation, focusing on the following key areas: 1.Overview of Market Consistent Embedded Value (MCEV) and its components. 2.Own Spread development and scenario generation. 3.Practical considerations of MCEV in constructing an economic balance sheet

Model Architecture & Governance: Building for Resilience
Anshi Dogra | Pacific Life
Yuan Yuan | EY
This session will provide an in-depth exploration of model governance, with a particular focus on its relationship to model architecture and its role in fostering resilient, scalable models. We will examine key architectural principles including scalability, flexibility, modularity, and standardization, and their impact on model reliability and maintainability. We will also highlight the benefits of conducting Architecture Reviews and introduce a development philosophy centered on writing resilient code, building trustworthy models, and implementing structured governance to mitigate risks and technical debt. Beyond architecture, we will take a broader look at model governance, outlining key roles, approval processes, and documentation standards that promote accountability and transparency. 

Longevity Risk Modeling in Pension Risk Transfer
Erik Pickett | Club Vita
Natalie Gleed | Club Vita
The longevity session will cover:

1. An overview of the recent rapid growth of the Pension Risk Transfer market; and
2. An introduction to new multi-factor ZIP-code models being used by Pension Risk Transfer Insurers to capture the diversity in insured groups of lives.
The learning objectives are to give the audience insight on the current state of the PRT market and education on key actuarial considerations for longevity in this industry.

5:00 - 7:00 pm:  Networking Cocktail Reception (with passed appetizers)