This Week … In a Minute

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This Week—A Spotlight on Public Policy

Actuarially Sound Covers Future of NFIP

The latest Actuarially Sound blog post covers the future of the National Flood Insurance Program (NFIP), including what the program does—and does not—cover. Flooding is one of the costliest natural hazards, yet many homeowners remain uninsured against it. The blog also notes a recent executive order on the NFIP, and the critical perspective the Academy offers on the program. Actuarially Sound, accessible via the Contingencies webpage, offers periodic insights on a variety of topical subjects of interest.

PBR Opportunities—Webinar Series Begins July 29; August VM-22 Forum

The Life Practice Council (LPC) is offering opportunities for principle-based reserving (PBR) education, including a webinar series and next month’s VM-22 Practitioners Forum.

▶ Webinar, July 29—The LPC will kick off its PBR webinar series on July 29 with PBR in Practice: A Practical Look at PBA Projections, which will be moderated by previous life vice president Jason Kehrberg, a member of the Life Reserves Subcommittee. Register today.

▶ VM-22 Practitioners Forum, Aug. 26, Denver—Next month’s VM-22 Practitioners Forum is designed for life actuaries who are past the introductory phase and ready to sharpen their understanding of VM-22 by connecting with peers navigating the same terrain. It will be held in Denver on Aug. 26, following the Society of Actuaries Valuation Actuary meeting (SOA ValAct). Registration is capped at 50—make sure to sign up soon to secure your spot.

▶ Life Perspectives next week—See more on these, including a deep-dive Q&A on the practitioners forum, in the Summer Life Perspectives, coming next week.

Contingencies Looks at Polycrisis, GLP-1 Drugs, AI & Health Care

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The July/August issue of Contingencies leads with a cover story on polycrisis, including extreme weather, cyberattacks, geopolitical conflict, and economic volatility that are creating new challenges in an increasingly interconnected world, and the role of actuaries. Other feature stories include how the rise of GLP-1 drugs is shaping health care, costs, and coverage, raising new risk considerations for actuaries and insurers; and an exploration of the role of artificial intelligence (AI) and moral hazards in health insurance. In addition, in her President’s Message, Tricia Matson explains why the actuarial profession’s expertise is more important than ever, while Executive Director Bill Michalisin’s CEO Insights column highlights the knowledge, judgment, and skills actuaries need to address today’s challenges.

Webinars to Address Bias Issues

Two upcoming webinars will address bias issues:

▶ July 22, Algorithmic Bias—A professionalism webinar, Algorithmic Bias: It’s There, So What’s Being Done About It?, will feature presentations by members of the AI, Data Science, and Analytics Committee (ADAC; formerly the Data Science and Analytics Committee). Attendees may earn up to 1.2 organized, bias, and professionalism continuing education (CE) credits for attending this live webinar. Register today.

▶ July 30, P/C Bias—Bias in P/C Insurance: Current Research, Outreach, and Regulatory Engagement from the PCCEF will feature members of the P/C Committee on Equity and Fairness (PCCEF) presenting key insights from its forthcoming bias paper. Attendees may earn up to 1.8 organized and bias CE for attending this live webinar. Register today.

Upcoming Webinars—Research & Climate; P/C & Workers’ Comp

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▶ Research & Climate, July 14—Natural Disaster Risk and Resilience, a research webinar moderated by Research Committee Chairperson Peter Ott, will feature presenters from the National Science Foundation (NSF) and National Oceanic and Atmospheric Administration. Part two of the Academy’s industry-university cooperative research centers (IUCRC) webinar series will spotlight the Center for Interdisciplinary Research on Convective Storms (CIRCS) and the Center for Innovation in Risk, Catastrophes, and Decisions (CIRCAD). The series, which kicked off last month, is highlighting NSF’s IUCRCs, a cooperative program made up of academic researchers who work with an industry-led advisory board to evaluate research projects to improve the ability of the insurance industry to manage climate risk. Register today.

▶ Workers’ Comp, July 23—Is Workers’ Comp Beginning to Turn? Perspectives on Emerging Trends will feature a discussion on economic cycles and how actuarial and structural factors may signal a turning point in workers’ compensation. Workers’ Compensation Committee member Justin Smith will moderate a panel of experts. Register today.

Early Discounts—CLRS, LHQ Seminar

▶ CLRS, Sept. 14–16, Las Vegas—The 2026 Casualty Loss Reserve Seminar, sponsored jointly by the Academy and the Casualty Actuarial Society (CAS), will be held Sept. 14–16 in Las Vegas. The annual seminar offers valuable CE—and as noted by one past attendee, “is one of the best CE opportunities for reserving actuaries.” See the agenda for this year’s program. Early registration ends tomorrow, July 11—register today.

▶ LHQ Seminar, Sept. 28–Oct. 1, Arlington, Va.—Now being held earlier in the year, Academy’s 2026 Life and Health Qualifications Seminar will be held Sept. 28–Oct. 1 in Arlington, Va., outside Washington, D.C. Similar to last year, separate life and health tracks will follow a day of general education. Registration is limited for the popular seminar, which delivers three days of training and instruction and an optional three-hour exam on the fourth day, and is considered one of the best ways to get relevant CE to qualify to issue actuarial opinions. Register today.

Public Policy in Brief

The Casualty Practice Council submitted comments to the Actuarial Standards Board on the third exposure draft of Actuarial Standard of Practice (ASOP) No. 39, Treatment of Catastrophe or Extreme Event Losses in Future Cost Estimates for Property/Casualty Risk Transfer and Risk Retention.

Resource Center—Visit the Resource Center to stay up to date with the latest Academy news and activity.

Academy in the News

A Bermuda Business Review annual report cited the Academy’s 2024 issue brief, Asset-Intensive Reinsurance Ceded Offshore From U.S. Life Insurers (With Focus on Bermuda), in a story on reinsurance market shifts.

Event Calendar

July 14	Industry-University Cooperative Research Centers—Part 2: Natural Disaster Risk and Resilience (research webinar)
July 22	Algorithmic Bias: It’s There, So What’s Being Done About It? (professionalism webinar)
July 23	Is Workers’ Comp Beginning to Turn? Perspectives on Emerging Trends (casualty webinar)
July 29	PBR in Practice: A Practical Look at PBA Projections (life webinar)
July 30	Bias in P&C Insurance: Current Research, Outreach, and Regulatory Engagement from the PCCEF (casualty webinar)
Aug. 26	VM-22 Practitioners Forum; Denver (following SOA ValAct)
Sept. 14–16	Casualty Loss Reserve Seminar; Las Vegas (co-sponsored with CAS; early discounts end July 11)
Sept. 23	Toward a Sustainable Retirement System: Choices That Shape the Future; Washington, D.C. (Academy retirement symposium)
Sept. 28–Oct. 1	Life and Health Qualifications Seminar; Arlington, Va.
Dec. 7–8	Seminar on Effective P/C Loss Reserve Opinions; Nashville, Tenn.

Visit the Event Calendar for a complete listing of Academy events.

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