The Academy’s annual volunteer survey helps committee chairpersons identify potential volunteers to actively assist committees in developing policy papers, practice notes, and other documents that aim to inform actuaries, policymakers, and the public about the actuarial perspectives on issues affecting the public.
Members should have received the survey via email, and it’s also available in the member section of the Academy website or by clicking here. The survey closes Monday, Aug. 22, so don’t delay.
Academy Election Update: Online Voting Opens This Month
Did you receive your test email from Intelliscan (electionadmin@intelliscaninc.net), the Academy’s election vendor? It was sent to you this week to assure that you receive your online ballot to elect regular directors to the Academy’s Board of Directors later this month. Check your spam folder if you don’t see it in your inbox and make sure to add the email address to your safe senders list. The elections will be held online Aug. 26 through Sept. 16. Visit the Academy’s Board Election Center to learn more about this year’s candidates.
Webinars Will Recap NAIC 2016 Summer Meeting
Two webinars in September will provide updates on issues raised at the NAIC 2016 Summer Meeting, which takes place next week. If you are not able to attend the summermeeting in person, these webinars will provide a helpful overview of some of the top issues—and significant related Academy activity—discussed at the meeting.
On Sept. 13, the Casualty Practice Council will review property and casualty issues discussed at the NAIC meeting. The webinar—the first of its kind in the P/C practice area—will provide an account of the Casualty Actuarial and Statistical (C) Task Force and other key meetings, and will cover topics such issues as automobile insurance, climate change, the sharing economy, and Big Data.
On Sept. 15, the Life Practice Council will review the top life issues discussed at the meeting. The webinar will include an account of the Life Actuarial (A) Task Force meeting, activity in other groups regarding principle-based reserving and related considerations for reinsurance, and updates on variable annuity and other major topics.
Upcoming Events
Registration Closes Today for Webinar on Health Care Systems of Taiwan, Hong Kong: The Academy’s “Exploring Global Health Care Cost Drivers” webinar series, which explores comparative experiences with trends in health care cost and drivers of cost increases worldwide, resumes next week with “Exploring Global Health Care Cost Drivers: Hong Kong and Taiwan,” which will be held Thursday, Aug. 25, from 8 to 9:30 a.m. EDT. Registration ends today, Aug. 19.
CLRS Early Registration Ends Today: Discounted early registration rates end today, Aug. 19, for the 2016 Casualty Loss Reserve Seminar (CLRS) and Workshops, jointly sponsored by the Academy and the Casualty Actuarial Society, to be held Sept. 18–20 in Chicago. For information, email arc@casact.org or visit the CLRS website.
Early Registration Deadline Approaching for LHQ Seminar: Early registration rates run through Sept. 12 for the 2016 Life and Health Qualifications Seminar, to be held Nov. 13–17 in Arlington, Va. (Washington, D.C., metro region). Seminar topics will include health insurance valuation; premium, loss, expense, and contingency reserves; risk-based capital; and professionalism. Register today to reserve your space.
Register Now for Academy’s Annual Meeting and Public Policy Forum: An agenda overview and list of key speakers are in place for the Academy’s Annual Meeting and Public Policy Forum, to be held Nov. 3–4 in Washington, D.C. Attendees will get an in-depth look at top public policy and professionalism issues facing the actuarial profession, the opportunity to earn continuing education credit, and enjoy dinner and political-humor entertainment by the Capitol Steps just a few days before the fall elections. Register today.
The Long-Term Care Credibility Monograph Work Group published a monograph that aims to increase the awareness of the applicability of credibility procedures to work related to long-term care insurance (LTCI), provides information on current practices, and outlines considerations and suggestions for advancing actuarial practice in LTCI.
The ERM/ORSA Committeesubmitted comments to the NAIC’s National Treatment and Coordination (E) Working Group on its “Draft Form A Review Best Practices” exposure document.
The Financial Regulatory Task Forcesubmitted comments to the Federal Reserve Board on its proposed Prudential Standards for Systemically Important Insurance Companies.
In the News
Barb Klever, chairperson of the Academy’s Risk Sharing Subcommittee, discussed possible changes to the Centers for Medicare & Medicaid Services’ Affordable Care Act (ACA) risk-adjustment model in a subscriber-only Inside Health Insurance Exchanges story.
The Academy’s Social Security Game was cited by a caller to the syndicated radio show, “Money Talk With Bob Brinker,” to illustrate the financial consequences of different Social Security reform options. The program aired on KABC-AM (Los Angeles) at 9 p.m. on Aug. 14 (mentioned just before the 29:00 minute mark), as well as WLS-AM (Chicago), FM News 101 KXL (Portland, Ore.), and other stations nationwide.
An Annuity Outlook Magazine article on the implementation of principle-based reserving (PBR), expected to take effect in January 2017, prominently notes the Academy’s work with the NAIC on the PBR framework.
An op-ed in the Times-Herald (Vallejo, Calif.) drawing attention to the funding challenges facing the California Public Employees’ Retirement System (CalPERS) references a Pension Practice Council issue brief’s call for pension plans to have a strategy in place to attain or maintain a funded status of 100 percent or greater over a reasonable period of time.
The Tribune Chronicle (Warren, Ohio) published a Rural Health News Service column that cited the Academy’s issue brief on 2017 health premium drivers.
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