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Next Week-CE Opportunities in Six Academy Webinars
Get ready for a week packed with continuing education (CE) opportunities, as the Academy hosts six webinars across different practice areas.
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Monday, May 15: “Connecting the Insurance Industry and Academia on Catastrophe and Climate Modeling: Webinar Series-Third Session” is the third in a series being co-presented with the National Oceanic and Atmospheric Administration and the National Science Foundation.
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Tuesday, May 16: “Medicare’s Financing Challenges and Options to Address Them” will offer an in-depth look at the recently released 2023 Medicare Trustees Report and will feature Centers for Medicare & Medicaid Services Chief Actuary Paul Spitalnic.
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Wednesday, May 17: “PBR Bootcamp: Asset Modeling (Part 2)” is the latest installment in this year’s series on principle-based reserving and will take a deeper dive into hot topics.
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Wednesday, May 17: “2024 Final Rules for Exchanges,” will feature subject matter experts from the Center for Consumer Information and Insurance Oversight (CCIIO) and examine the 2024 Notice of Benefit and Payment Parameters (NBPP) rule and other materials.
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Thursday, May 18: “Fixed Rate Pension Funding: A Discussion of the Practice Note” will look at the recent practice note on fixed rate pension funding.
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Friday, May 19: “FAQs on the U.S. Qualification Standards,” the year’s first professionalism webinar, will offer insight into the USQS, which were revised as of last year.
Academy Engages With Stakeholders at CAS Spring Meeting
Director of Membership Growth and Engagement Meryl Dann (right),
with CAS attendee and Academy member Etienne Kabiseba
Academy representatives attended the Casualty Actuarial Society (CAS) Spring Meeting in Boston, offering information on membership benefits, publications, and professionalism and public policy work. President-Elect Lisa Slotznick and Executive Director Bill Michalisin were recognized along with other actuarial organization leaders at the CAS Town Hall general session. Membership Department staff provided information onsite about joining the Academy, volunteer opportunities, and available professionalism and public policy resources. For more information on the Academy’s casualty work products, visit the Casualty Public Policy Page.
Credly Will Offer Members Digital Badge for MAAA Designation
 As a new benefit to members, the Academy is partnering with the badging company Credly to provide members with a digital badge with the MAAA designation. Digital badges provide a convenient way to showcase your professional achievements, including showing publicly that you met the requirements to earn the MAAA designation. Additionally, sharing the Academy digital badge on various social platforms will bring awareness about the Academy’s mission and the U.S. actuarial profession to those who may not be familiar with the profession and what actuaries do. Look for an email from Credly next month inviting you to accept your badge-if you prefer not to have your name, email, and Academy join date shared with Credly, log in to your member profile and click “Update Contact Information” to update your preferences by May 31.
Reminder-Director Nominations Due May 31/Health Volunteer Opportunities
A reminder that nominations for Academy member-selected directors, who will serve three-year terms on the Academy’s Board of Directors, are due by May 31-please review the criteria and how to submit nominations in the Board Selection Center, or visit the Nominations Page.
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ASB Health Member-The Academy is also accepting names for members interested in serving as an Actuarial Standards Board (ASB) member-there will be a need to fill one position with a volunteer from the health practice area for a term beginning Jan. 1, 2024. Those submissions are also due by May 31. Email professionalism@actuary.org.
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Health Equity Committee–The Health Equity Committee needs health actuaries interested in contributing to its efforts. Prospective volunteers don’t necessarily need experience in health equity issues; rather, the committee is looking for those with experience in one of its areas of focus-health insurance benefit design; health plan pricing; provider contracting and network development; population health management; or data and algorithms. If you’re interested in volunteering or have questions about this Academy volunteer opportunity, please email Academy Senior Health Policy Analyst Matthew Williams at williams@actuary.org.
Academy Spotlights DEI, Professionalism at Philadelphia Actuaries Club
Professionalism and diversity, equity & inclusion (DEI) were the focus of presentations by Council on Professionalism and Education member David Driscoll and Pension Vice President Sherry Chan at Thursday’s meeting of the Actuaries Club of Philadelphia. Driscoll-who finished a term as Actuarial Board for Counseling and Discipline (ABCD) chairperson in December-presented the meeting’s professionalism session, giving an overview of the ABCD, the Code of Professional Conduct, and the ABCD’s processes for inquiries/cases, requests for guidance, and mediation. Chan delivered an after-dinner speech focused on the Academy’s multifaceted DEI activities that span the public policy, professionalism, and membership areas.
Public Employment Opportunity-HUD Senior Advisor
The U.S. Department of Housing and Urban Development is seeking a senior advisor for risk management and regulatory affairs in its Washington, D.C., office. Applicants must have at least one year of actuarial experience. The application deadline has been extended through May 17. For more information and how to apply, see the posting at USAJobs.
The Academy has long supported government employers who are seeking to hire qualified actuaries. For more information, see our Public Employment Opportunity Posting Policy.
Public Policy in Focus
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The Life Reserves Work Group submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force on the April 20 exposure of APF 2023-06.
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The C1 Work Group submitted a comment letter to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group on Exposure 2023-09-IRE-Interim Residual Tranche C1 Factor.
Visit the Public Policy page to stay on top of the latest news and activities.
In the News
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A CBS News article discussing the Social Security Trustees Report cited remarks from the Academy’s April webinar on the report.
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Carrier Management reported on the Workers’ Compensation Committee’s recent issue brief examining medical marijuana in workers’ compensation.
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Pensions & Investments cited a reference to ASOP No. 27, Selection of Economic Assumptions for Measuring Pension Obligations, in a story on public employee pension plan investment return assumptions.
Events Calendar
Visit the Events Calendar for the latest updates to past and upcoming Academy offerings.
Don’t Forget-Nominate a Deserving Colleague for an Academy Award
The Academy presents highly regarded awards each year to recognize members for their commitment to the profession.
The Robert J. Myers Public Service Award honors exceptional contributions to the common good, and the Jarvis Farley Service Award recognizes exceptional contributions to the actuarial profession through their Academy volunteer service. The Outstanding Volunteerism Award honors Academy volunteers who have made a noteworthy contribution during the past year. The Rising Actuary Award recognizes the contributions of young actuaries.
Nominations for all these awards are due by June 15-more information can be found here.
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