The P/C Committee on Equity and Fairness released an issue brief that provides a survey of methods aimed at helping to identify and/or mitigate bias in rating for property and casualty lines.

The Health Practice Council’s Financial Reporting and Solvency Committee sent a comment letter to the National Association of Insurance Commissioners (NAIC) Long-Term Care Actuarial (B) Working Group inquiring if the Working Group might issue an accounting interpretation for the interaction between Actuarial Guideline LI (AG 51) and Appendix A-010.

The Life Reserves Work Group submitted a comment letter to the National Association of Insurance Commissioners' (NAIC) LATF on the proposed changes to VM-20 outlined in APF 2023-03.

The C1 Work Group submitted a comment letter to the National Association of Insurance Commissioners (NAIC) VOS on the proposed methodology for collateralized loan obligations (CLOs).

The Life Practice Council and the Casualty Practice Council submitted a joint comment letter to the National Association of Insurance Commissioner’s Big Data and Artificial Intelligence (H) Working Group on its Artificial Intelligence/Machine Learning Model and Data Regulatory Questions Exposure.

The Public Plans Committee published a practice note detailing considerations for working with public defined benefit pension plans that use fixed rate funding.

The Health Solvency Subcommittee sent a comment letter responding to a request from the NAIC’s Health Risk-Based Capital (E) Working Group to provide additional investment return scenarios within the subcommittee’s summary of the Investment Income Adjusted Health H2 Experience Fluctuation Risk Factors.

The C1 Work Group submitted a comment letter to the National Association of Insurance Commissioners (NAIC) RBCIRE WG to follow up on their presentation on collateralized loan obligations (CLOs) given to the RBCIRE WG at the NAIC’s Fall 2022 National Meeting.

The Health Practice Council’s Individual and Small Group Markets Committee and Risk Sharing Subcommittee submitted a comment letter to the Centers for Medicare & Medicaid Services’ (CMS) proposed rule for the 2024 Notice of Benefit and Payment Parameters (NBPP).

The Climate Change Joint Task Force sent a letter to the U.S. Global Change Research Program regarding the draft of the Fifth National Climate Assessment. The letter provided insights from the task force on climate trends, including a discussion on the Actuaries Climate Index—co-sponsored-by the Academy—and discussed health impacts from climate and climate related financial disclosures.

The C2 Mortality Work Group submitted a presentation to the National Association of Insurance Commissioners (NAIC) LRBCWG on their the working group’s proposal for life C-2 structural and instruction updates and a new financial statement note.

The latest update to the Committee on Cyber Risk’s Cyber Risk Toolkit includes a revised section on ransomware. The toolkit, released originally in 2021, is updated regularly with the latest information on cyber risk and cybersecurity-related developments.

The P/C Committee on Equity and Fairness sent a comment letter to the District of Columbia Department of Insurance, Securities and Banking (DISB) on the DISB’s request for comment on its draft data call to support their study of unintentional bias in automobile insurance.

The Pension Committee updated and finalized a previously exposed draft public policy practice note providing background and ideas about how a pension actuary might comply with ASOP No. 56, Modeling.

The Pension Committee released a public policy practice note Selecting and Documenting Mortality Assumptions for Measuring Pension Obligations, updating a 2015 practice note, revised to reflect updated ASOPs (Actuarial Standards of Practice), including changes in ASOP No. 35 that are effective for actuarial reports issued on or after August 1, 2021, and when the measurement date in such report is on or after August 1, 2021.

The Academy’s ARCWG submitted a comment letter to the National Association of Insurance Commissioners’ (VM)-22 (A) Subgroup on their Oct 2022 exposure, Requirements for Principle-Based Reserves for Non-Variable Annuities.

The Multiemployer Plans Committee sent a letter to the Pension Benefit Guaranty Corporation (PBGC) advancing ideas about the Special Financial Assistance (SFA) application process, in regard to the expiration of the priority group period on March 11, 2023.

The Individual and Small Group Markets Committee submitted comments to the Centers for Medicare & Medicaid Services’ Center for Consumer Information & Insurance Oversight (CCIIO) on the Draft 2024 Actuarial Value (AV) Calculator Methodology.

The Life Financial Reporting Committee released a white paper, Considerations in Market Risk Benefits, that focuses on identification, valuation, and financial reporting of market risk benefits; a new concept introduced by Accounting Standards Update (ASU) 2018-12.

The Life Practice Council (LPC) and Life Experience Committee (LEC) submitted a presentation to NAIC’s Life Actuarial (A) Task Force’s Subgroup on current LPC workstreams as well as two issue briefs recently published by the LEC.