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RECENT ACADEMY ACTIVITY | | |
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Only have a minute? Catch up on this week’s top stories with the latest “This Week … In a Minute” video. Subscribe to our YouTube channel to receive alerts as they are released. | |
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Top News Get Involved With the Academy—Sign Up by Sept. 21 A reminder that the annual Academy Call for Volunteers is open through Monday, Sept. 21, with as many as 220 committee seats and additional short-term opportunities open. See Academy President Tricia Matson’s letter to members on the Volunteer Opportunities webpage. | | |
Health Paper Shines Light on GLP-1 Cost & Coverage Considerations | | |
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A Health Care Delivery Committee policy paper explores issues surrounding coverage of popular GLP-1 medications, including cost considerations and the potential for savings offsets, stakeholder dynamics, and health equity concerns. It offers an actuarial perspective on coverage decisions—focusing on factors that determine whether and when coverage is likely to produce value for a given population. ▶ Read more—Explore the July/August Contingencies feature on how GLP-1s are affecting health care, costs, and coverage, and listen to the June 25 Actuary Voices podcast on what their growing use means for actuaries and insurers, featuring Academy Assistant Director of Research Kim Fererro.
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Education & Events Academy Presents Insights on Key P/C Issues at CLRS | | |
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Academy volunteers and staff presented at the Casualty Loss Reserve Seminar (CLRS) in Las Vegas, an annual event co-sponsored by the Academy and the Casualty Actuarial Society. Academy-led presentations included a professionalism session featuring Actuarial Board for Counseling and Discipline members; a session on bias spotlighting the P/C Committee on Equity and Fairness; a public policy roundtable; a cyber insurance session led by Committee on Cyber Risk members; and research-related P/C risk-based capital and risk issues. Look for more coverage in the upcoming September Actuarial Update and Fall Casualty Quarterly.
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Explore the Future of Retirement: Register for Next Week’s Symposium There’s still time to register for the Academy’s retirement symposium, Toward a Sustainable Retirement System: Choices That Shape the Future, being held next Wednesday, Sept. 23, in Washington, D.C. The agenda includes a keynote address by Employee Benefits Security Administration official Aron Szapiro, and sessions on Social Security and multiple aspects of retirement security. A reception will follow the afternoon event. Look for follow-up coverage in the Fall Retirement Report, coming next week. Register today. | | |
LHQ Seminar Sold Out; Join the Waitlist A reminder that the annual Life and Health Qualifications Seminar, being held in Arlington, Va., Sept. 28–Oct. 1, is sold out, but a waitlist is available. For more information and to sign up for the waitlist, visit the event webpage. | | |
Membership Member-Selected Directors Process Concludes Thank you to Academy members who took part in the annual member-selected directors process, which concluded on Wednesday. The new member-selected directors, who will begin three-year terms in November, are Jamala Arland, Tyson Mohr, and Stephen Smith. To learn more about the prospective slate of the 2026–2027 Board of Directors and the Academy’s selection process, visit the Board Selection Center. | | |
Public Policy Practice Considerations on U.S. GAAP Fair Value Measurement | | |
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A new practice note, U.S. GAAP Fair Value Measurement & Fair Value Option, developed by the Life Generally Accepted Accounting Principles (GAAP) Committee, explains ASC Topic 820 and related guidance in a Q&A format—covering valuation approaches, fair value hierarchy, market inputs, nonperformance risk, credit spreads, reinsurance, and market risk benefits. The practice note summarizes observed practices and considerations relevant to life insurance financial reporting.
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Public Policy in Brief - The Life Practice Council commented in response to the NAIC Life Actuarial (A) Task Force’s request regarding VM prescribed spreads and default costs.
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Resource Center—Visit the Resource Center to stay up to date with the latest Academy news and activity. | | |
Professionalism Reminder—Download Your USQS Attestation Form Data The U.S. Qualification Standards (USQS) Attestation Form was developed by the Academy to help actuaries voluntarily demonstrate how they meet the USQS requirements for signing NAIC annual life, health, and property & casualty statements of actuarial opinion (SAOs). The Academy is upgrading the USQS Attestation Form. If you have used this form in the past, you may download your data until Sept. 30. After that date, the form and data will be unavailable. The new form will be ready later this fall. | | |
ASB Professionalism Outreach in Chicago In the latest Academy outreach to employers of actuaries, Actuarial Standards Board (ASB) member Erica Baird presented “ASOPs in Action” to Wednesday’s Blue Cross Blue Shield Association annual continuing education event for Blue plan actuaries in Chicago. Baird’s presentation offered insights from the actuarial standard of practice (ASOP) standard-setting process and interactively engaged attendees with an ASOP Game Show. | | |
News & Publications Actuary Voices: What Will AI Mean for Actuarial Work? | | |
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A new Actuary Voices episode features Elizabeth Eason, director of actuarial data science at Willis Towers Watson and host of the Network of Actuarial Women and Allies’ Real Actuarial Women (RAW) podcast, who explores how AI and AI agents could change the way actuaries work, and why adopting the technology should not mean replacing the people behind the work. Subscribe to Actuary Voices wherever you get your favorite podcasts.
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Academy in the News - Investing.com’s coverage of the Barclays 24th Annual Global Financial Services Conference included panel discussion remarks on collateralized loan obligations that noted the value of the Academy’s work with the NAIC in this area.
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