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Recent Academy Activity, Oct. 21–25, 2013

Public Policy Activities

  • The Academy’s International Accounting Standards Task Force submitted a comment letter to the International Accounting Standards Board and a separate comment letter to the Financial Accounting Standards Board on their respective revised exposure drafts of accounting proposals for insurance contracts.

Newly Released Publications

  • October ASB Boxscore: Read about the adoption of revised ASOP No. 27, approval of revised exposure drafts of ASOPs Nos. 35 and 38, and other recent Actuarial Standards Board activities.
  • Fall Enrolled Actuaries Report: Read about the Pension Benefit Guaranty Corp. deficit, the 2013 Gray Book, longevity, pension-related ASOPs, and Academy comments on proposed regulations.

Opportunities to Learn and Earn CE

  • New Webinar! Nov. 19, The Practice of ERM in the Insurance Industry: Learn about ERM practices and how they can be used day-to-day. The Academy’s Enterprise Risk Management Committee will outline an iterative framework to implement or enhance the ERM discipline within insurance companies. Presenters will elaborate on the definition, standards, regulations, and common aspects of ERM that are discussed in the July ERM practice note, “Insurance Enterprise Risk Management Practices.”
  • Register now for next week’s professionalism webinar, Where the Rubber Meets the Road: Applying the Code of Professional Conduct and ASOPs in Your Daily Work (Oct. 31). Presenters will take a fresh look at how the Code of Professional Conduct and ASOPs affect everything you do as an actuary. Webinar topics including Precept 3 and ASOP No. 41 will be brought to life through a series of vignettes demonstrating the skill and care you need in your work every day. Then, the panel of experts will discuss key takeaways and identify steps you can use to heighten the level of professionalism in your daily work, including documentation and communication.
  • There’s still time to reserve your spot for the Nov. 13–14, P/C Effective Loss Reserve Opinions Seminar. Whether you’re an actuary who signs P/C loss reserve opinions or one who assists in preparing them, this hands-on seminar will offer you an opportunity to deepen your expertise, become more efficient in your work, and differentiate yourself from others in your field. Don’t miss this highly interactive and customized seminar!

Get “Freaky” at the Academy Annual Meeting and Awards Luncheon

  • Award-winning author, journalist, and radio and TV personality Stephen J. Dubner, co-author of the international bestsellers Freakonomics and Superfreakonomics, will share his wit and insight at the Academy’s annual meeting on Nov. 4. This year’s event is in conjunction with the CAS Annual Meeting in Minneapolis. It will also feature the Academy presidential transition and presentation of the Academy awards.

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