As I was reflecting on the Society of Actuaries #SOAImpACT conference over the weekend, I was reminded of all the people who made this event such a great success. First and foremost, thank you to the SOA staff for organizing such an excellent event, especially Marjorie Fierro, who was instrumental during the registration process. To the "Actuaries in a Technological World" panelists and organizers Chris Smith, ASA, MAAA, Sherry Chan, FSA, EA, MAAA, Shelley Cox, and Andy Smith. Ritu Jain, FSA, MAAA for organizing the SANA: South Asian Network of Actuaries event. And to my former Pacific Life Institutional Business colleagues, who I was able to catch up with over dinner. We enjoyed listening to the feedback of stakeholders in the Pension Risk Transfer (PRT) business. The insights were consistent across the board, and could be summarized into four points: 1. More efficient PRT pricing to speed up quoting and lower quote production costs. 2. The desire to make investing in PRT transactions simpler than the current deal-by-deal, tailor-made approach. 3. The desire for deferred modeling and asset-liability matching (ALM) modeling capabilities. 4. The desire for simpler integration of various tools in pricing, valuation and other processes. At Nice Technologies, we will continue to listen carefully to feedback, focus on success of our customers, and ultimately, make actuarial modeling an enjoyable experience for all stakeholders.
