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New Video Feature: ‘This Week … In a Minute’
 Prefer watching your news? The Academy is introducing a new way of presenting the information contained in our Friday roundup. Our “This Week … In a Minute” videos deliver the top news and highlights from the week-click here or on the image to watch. You can subscribe there to our YouTube channel to be alerted when new videos are posted. This series represents a new format for sharing information and addressing the diverse means of how members access and engage with Academy content.
Big Data Webinar Looks at Actuarial Modeling & Meets New USQS Bias Requirement
Tuesday’s “Big Data and Algorithms in Actuarial Modeling and Consumer Impacts: Six Questions and Answers for Actuaries” webinar provided the first opportunity this year from the Academy to earn continuing education credit that could be applied toward the new U.S. Qualification Standards (USQS) requirement of annual bias education. The webinar drew from and expanded upon the analysis from the Data Science and Analytics Committee (DSAC) issue paper, Big Data and Algorithms in Actuarial Modeling and Consumer Impacts. DSAC Chairperson Dorothy Andrews moderated the panel that included Seong-min Eom, vice president, risk management and financial reporting, DSAC’s parent council, DSAC Vice Chairperson Dave Sandberg, and DSAC members Liaw Huang, Mary Bahna-Nolan, and Ross Zilber. Slides and audio are available free to logged-in members-and viewing the recorded webinar can satisfy the bias requirement under the USQS.
Register Now-ASB Webinars on Revised ASOPs Set for April & May
 With three ASOPs recently revised, Actuarial Standards Board (ASB) committee and task force members responsible for overseeing these revisions will present the key changes practitioners need to be aware of as these standards take effect in three upcoming professionalism webinars with specific application to multiple practice areas.
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“The Revised ASOP No. 2: What You Need to Know“-presenters who were involved in the revision of ASOP No. 2, Nonguaranteed Elements For Life Insurance and Annuity Products, will discuss what practitioners should know about the changes. This webinar will be on April 5 from noon to 1:30 p.m. EDT. Register now.
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“The Revised ASOP No. 4: What You Need to Know“-presenters will examine ASOP No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions, and provide an overview of its scope. This webinar will be on April 22 from noon to 1 p.m. EDT. Register today.
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“The Revised ASOP No. 11: What You Need to Know” will look at the recently revised ASOP No. 11, Financial Statement Treatment of Reinsurance Transactions Involving Life or Health Insurance. This session will be on May 12 at noon EDT; registration will open soon.
Register for April’s Webinar to Examine Hospital Price Transparency
Join the Academy for next month’s health webinar, “Hospital Prices: Can Greater Price Transparency Drive Lower Prices and Reduce Price Variation?” Presenters will provide an overview on these issues, referencing the Academy’s recent issue brief, Implications of Hospital Price Transparency on Hospital Prices and Price Variation.
Presenters-experts on these issues-will include:
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Michael Cohen, a Congressional Budget Office analyst;
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Krutika Amin, a specialist on the Affordable Care Act for the Kaiser Family Foundation; and
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Andrea Rome, a member of the Academy’s Health Care Delivery Committee.
Health Care Delivery Committee Chairperson Rebecca Owen will moderate. The webinar will be held on Thursday, April 14, from 1 to 2 p.m. EDT. Continuing education credit is available. Register today.
Public Policy in Focus
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The collaborative U.S.-based actuarial organizations’ Intersector Group released notes from its February virtual meeting with the Pension Benefit Guaranty Corporation.
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The Life Underwriting and Risk Classification Work Group sent a comment letter to the NAIC’s Accelerated Underwriting Working Group’s Ad Hoc Drafting Subgroup.
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The Life Valuation Committee sent a letter to the NAIC’s Life Actuarial Task Force on APF 2020-12, and hedging strategies in VM-20 and VM-21.
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The Asset Modeling and Reporting Task Force submitted a comment letter to LATF on asset adequacy testing.
Visit the Public Policy page to stay on top of the latest news and activities.
Upcoming Events
In the News
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Bloomberg Law reported comments made by Employee Benefits Security Administration Acting Assistant Secretary Ali Khawar in the Academy’s March 10 Capitol Forum webinar. Retirement Income Journal also reported on Khawar’s comments.
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The “Your Money & You” show on Pittsburgh radio KDKA-AM cited (approx. 15:25 mark) analysis from the Academy’s issue brief on increasing the Social Security normal retirement age.
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