Health Solvency Subcommittee comments to the NAIC Health Risk-Based Capital (HRBC) Working Group in response to the HRBC Working Group comment letters received on the exposure of the Draft Bond Structure and Instructions.

Members of the LTC Reform Subcommittee submitted comments following their discussion with the Federal Interagency Task Force on Long-Term Care Insurance (LTCI) earlier this year. These comments reiterate and expand on their original discussion including addressing regulatory hurdles to innovation.

The Long-Term Care Valuation Work Group presented updates on the mortality and lapse tables development

The Group Life Waiver Valuation Table Work Group updated the Health Actuarial Task Force of the National Association of Insurance Commissioners on group life waiver of premium mortality and recovery tables development.

Steve Jackson, Academy assistant director for research (public policy), presented an overview of the Academy’s research initiative—its goals, infrastructure, and projects—at the Actuarial Research Conference in Indianapolis.

The Pension Committee submitted comments to the Society of Actuaries Retirement Plans Experience Committee regarding the Pri-2012 exposure draft.

The Academy has released a new Essential Elements paper, Creating a National Retirement Policy, outlining the ways in which a comprehensive national retirement policy could potentially address concerns about retirement security in the United States. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences.

The Longevity Risk Task Force provided an update and correlation recommendation to the Life Risk-Based Capital (E) Working Group at the NAIC Summer 2019 National Meeting. 

The Academy hosted a briefing, “Strengthening the System for the Future,” moderated by vice president for pension issues, Josh Shapiro, and featuring expert panelists from the Multiemployer Plans Committee, to provide essential background on the multiemployer pension crisis and its current state. This was the third and final briefing in the Academy’s “Multiemployer Pension Crisis: A 360-Degree Look at the Issue and Potential Reforms” series, intended to equip attendees with a solid foundation of the past, present, and potential future of multiemployer pension plans.

The Long-Term Care Combination Product Valuation Work Group updated the Long-Term Care (LTC) Actuarial Working Group of the National Association of Insurance Commissioners on the LTC Combination Product Valuation Practice Note currently exposed for comment.

The Long-Term Care (LTC) Valuation Work Group presented an update on their recent activity to the Actuarial Working Group of the National Association of Insurance Commissioners.

The LRWG provided an update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting on its projected timeline for deliverables, specifically an amendment proposal form intended for the 2021 Valuation Manual. 

The PBR Governance Work Group presented an update on Academy resources for PBR to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting. 

The Life Practice Council gave an update on the proposed yearly renewable term field test to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting. 

The Life Experience Committee submitted an amendment proposal form and supplemental comment letter providing a revision to data elements in VM-51 to accommodate and differentiate individual underwriting and allow more robust mortality data for development of Industry Mortality Tables. 

The ARWG provided an update on its work on fixed annuity PBR to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting. 

The SVL Interest Rate Modernization Work Group gave an update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting. 

The Health Practice Council submitted comments in response to the Actuarial Standards Board’s (ASB) second exposure draft of a proposed actuarial standard of practice (ASOP) titled Setting Assumptions.

Academy President Shawna Ackerman submitted comments to the NAIC's Blanks Working Group, regarding proposed changes in required qualifications for casualty actuaries filing statements of actuarial opinion.

The Academy hosted a briefing, featuring vice president for pension issues, Josh Shapiro, and expert panelists from the Multiemployer Plans Committee, to provide essential background on the multiemployer pension crisis and its current state. This briefing is the second in the Academy’s “Multiemployer Pension Crisis: A 360-Degree Look at the Issue and Potential Reforms” briefing series, which is intended to equip attendees with a solid foundation of the past, present, and potential future of multiemployer pension plans.