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The Academy

Academy Officers and Directors Begin Terms in Office  

WASHINGTON—The American Academy of Actuaries is pleased to announce that, in addition to Darrell Knapp, MAAA, FSA, of New Smyrna Beach, Fla., taking office as 2024-25 Academy president, five other…
Topics: Actuarial Standards ASB Casualty Diversity, Equity, and Inclusion Financial Reporting Health Equity Professionalism Reinsurance Retirement
Date Published: 11/13/2024
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Academy in the News

Around the P&C insurance industry: August 9, 2023

PropertyCasualty360
Topics: Casualty
Date Published: 08/09/2023
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Academy in the News

States that require payment, reimbursement for medical marijuana

Property Casualty 360
Topics: Casualty
Date Published: 05/15/2023
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Article

New Academy Officers and Member-Selected Directors Began Terms at This Week’s Academy Annual Meeting

WASHINGTON—The American Academy of Actuaries is pleased to announce that, in addition to Ken Kent of McLean, Va., taking office as 2022–23 Academy president, five officers and three…
Topics: Actuarial Standards ASB Benefits Casualty Financial Reporting Financial Security Health Equity Medicare / Medicaid Professionalism Public Policy
Date Published: 11/04/2022
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Article

New Academy Issue Brief Provides Actuarial and Regulatory Considerations on Use of Data, Predictive Modeling, and Risk Classification in Insurance Practices

WASHINGTON—A new issue brief from the American Academy of Actuaries Data Science and Analytics Committee (DSAC) and Property/Casualty Racial Equity Task Force provides a clear and thorough…
Topics: Casualty Data Science / Big Data Financial Security Professionalism Public Policy
Date Published: 07/06/2022
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Academy in the News

Rethinking how we look at wildfire risk

Property Casualty 360
Topics: Casualty
Date Published: 02/15/2022
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Article

Revised Qualification Standards to Take Effect Jan. 1 for Actuaries Issuing U.S. Statements of Actuarial Opinion

WASHINGTON—The American Academy of Actuaries, which sets standards for qualification, practice, and conduct for actuaries practicing in the United States, has revised the standards defining…
Topics: Casualty Continuing Education Financial Security NAIC Professionalism Public Policy
Date Published: 11/30/2021
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Academy in the News

People on the move in the P&C insurance industry: October 1, 2021

PropertyCasualty360
Topics: Casualty
Date Published: 10/01/2021
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Article

Actuaries Climate Index down again in latest five-year average

Winter 2020-21 data update lowers index benchmark for the second consecutive quarter Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (Sept. 14, 2021)––The winter…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 09/14/2021
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Article

Actuaries Climate Index Down Slightly in Latest Five-Year Average

Fall 2020 data update lowers index benchmark for the first time since 2017 Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (June 8, 2021) –– The five-year moving…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 06/08/2021
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Related Resources

Comment / Letter

Councils Comment to NOAA on Climate Database

The Casualty Practice Council, Risk Management and Financial Reporting Council, and Research Committee sent a comment letter to the National Oceanic and Atmospheric Administration (NOAA), strongly…
Topics: Casualty Risk Management
Date Published: 06/06/2025
Policy & Research
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Comment / Letter

CPC Comments on ASOP No. 39

The Casualty Practice Council (CPC) submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 39, Treatment of Catastrophe or Extreme Event Losses in Future Cost…
Topics: Casualty
Date Published: 05/30/2025
Policy & Research
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Toolkit

Cyber Risk Toolkit: SEC Cybersecurity Disclosure Requirements and Related Directors & Officers Liability Risks

“SEC Cybersecurity Disclosure Requirements and Related Directors & Officers Liability Risks,” the latest release in the Cyber Risk Toolkit, details how the United States Securities and…
Topics: Casualty Cyber Risk
Date Published: 05/08/2025
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Presentation

Academy Presents on Cyber Risk at CAS Spring Meeting 

Committee on Cyber Risk members presented at the Casualty Actuarial Society (CAS) Spring Meeting in Toronto on “Cyber: Global Market Update and D&O Risk.” 
Topics: Casualty
Date Published: 05/05/2025
Policy & Research
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Presentation

Academy Gives CPC Update to CASTF at NAIC Spring Meeting

Senior Casualty Fellow Rich Gibson provided an update on Casualty Practice Council (CPC) activities to the NAIC’s Casualty Actuarial and Statistical (C) Task Force (CASTF) at NAIC’s Spring…
Topics: Actuarial Standards Casualty NAIC
Date Published: 03/24/2025
Policy & Research
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Comment / Letter

Practice Councils Comment to ASB on ASOP No. 41

The Casualty Practice Council, Health Practice Council, and Retirement Practice Council sent comments to the Actuarial Standards Board (ASB) on the second exposure draft of Actuarial Standard of…
Topics: Actuarial Standards ASB Casualty Retirement
Date Published: 03/14/2025
Policy & Research
Comment / Letter

Practice Councils Comment to NAIC’s New RBC Model Governance Task Force

Vice presidents of the Academy’s Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Council provided comments to the NAIC’s…
Topics: Casualty Financial Reporting Governance NAIC Risk Management Risk-Based Capital
Date Published: 03/14/2025
Policy & Research
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Presentation

Subcommittee Presents to RBCIRE on CLO Project

The C1 Subcommittee presented an update to the Risk-Based Capital Investment Risk Evaluation (E) Working Group on their work determining comparable attributes of collateralized loan obligations…
Topics: Casualty Risk-Based Capital
Date Published: 02/11/2025
Policy & Research
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Practice Note

COPLFR FAQs Document Addresses Wildfires Issues

A new document from the Committee on Property and Liability Financial Reporting (COPLFR) addresses issues raised by the recent Los Angeles wildfires. The Supplement to the 2024 COPLFR Practice…
Topics: Casualty Financial Reporting
Date Published: 02/07/2025
Policy & Research
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Comment / Letter

Committees Comment to FASB on Agenda Request

The Financial Reporting Committee and the Life GAAP Reporting Committee sent an agenda request letter to the Financial Accounting Standards Board (FASB) encouraging FASB to consider a project…
Topics: ASB Casualty Financial Reporting
Date Published: 02/04/2025
Policy & Research
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