The Accelerated Underwriting Project Oversight Group (reporting to the Academy's Life Experience Committee and SoA's Preferred Mortality Oversight Group) submitted comments to NAIC's Life Actuarial Task Force (LATF) discussing future experience study data elements.
The Pension Practice Council (PPC) published an issue brief that explores various methods to measure the financial health of pension plans.
(July 13, 2017)A new issue brief produced by the Individual and Small Group Markets Committee, Drivers of 2018 Health Insurance Premium Changes, provides an overview of the general factors underlying premium rate setting and highlights the major components driving premium changes for 2018. Read the news release.
(July 11, 2017)Senior Life Fellow Nancy Bennett and Tom Campbell, chairperson of the Life Valuation Committee’s AG 43/C3 Phase II Work Group, presented to the Federal Reserve Board Insurance Industry Work Group on regulatory capital requirements for life insurers.
(July 11, 2017)The VM-31 Subgroup submitted comments to the NAIC's Life Actuarial Task Force (LATF) on an amendment to eliminate the summary of methods and assumptions that covers multiple product groups in the executive summary.
(July 10, 2017)The Health Financial Reporting and Solvency Committee sent comments to the NAIC's Statutory Accounting Principles Working Group in a Form A Maintenance Maintenance Agenda Submission Form.
(July 07, 2017)The newest issue of StateScan Quarterly includes state legislative and regulatory activity relating to transportation network companies, captives, public pension plans, and marketplace changes in health care coverage.
(July 06, 2017)The newest issue of PBA Perspectives includes items on the PBR Review (EX) Working Group’s pilot project; the Life Practice Council’s PBR Boot Camp in Orlando in May; and the PBR Model Governance Practice Note Work Group’s new practice note.
(June 30, 2017)The Individual and Small Group Markets Committee and the Medicaid Subcommittee sent comments to U.S. Senate Leadership on the Better Care Reconciliation Act (BCRA) of 2017, which is intended to repeal and replace provisions in the Affordable Care Act. Read the news release.
(June 30, 2017)The Academy hosted a Capitol Hill briefing in connection with the release of its issue brief, Multiemployer Pension Plans: Potential Paths Forward. Pension Practice Council Vice President Bill Hallmark and Vice-Chairperson Josh Shapiro, and Christian Benjaminson, a member of the Multiemployer Plans Subcommittee, gave a presentation on how to address failing multiemployer plans and strengthen the multiemployer pension system. Senior Pension Fellow Ted Goldman moderated.
(June 27, 2017)The newest issue of Retirement Account includes items on the Multiemployer Committee’s Capitol Hill briefing on multiemployer pension plans; the Social Security Committee’s issue brief on Social Security and women; and comments to the IRS and Treasury Department on projections of cash balance plan benefits.
(June 27, 2017)Academy Senior Casualty Fellow Jim MacGinnitie, and Stu Mathewson and Nancy Watkins, both members of the Flood Insurance Work Group, made a presentation on Capitol Hill based on the work group’s recent monograph, The National Flood Insurance Program: Challenges and Solutions.
(June 26, 2017)The Non-Guaranteed Elements Work Group submitted comments to the New York Department of Financial Services on re-proposed 11NYCRR 48 (insurance regulation 210) on life insurance and annuity non-guaranteed elements.
The Government Mandates Work Group published a new issue brief providing information on the impact of laws and regulations on consumer cost and consumer choice for annuity and life insurance benefits.
(June 15, 2017)Members of several Health Practice Council Committees provided presentations at the SOA Health Meeting on the criteria for evaluating long-term care reform, telehealth from an international perspective, and the current legislative and regulatory environment for health care reform.
(June 15, 2017)The C1 Work Group submitted comments to the NAIC with revised recommendations on corporate bond risk-based capital (RBC) factors based on changes to the representative portfolio.
(June 08, 2017)The Medicare Subcommittee sent comments to the House Ways and Means Health Subcommittee on preserving and strengthening the Medicare program.
The PBR Governance Work Group submitted comments to the Actuarial Standards Board (ASB) on the exposure draft for a new ASOP, Principle-Based Reserves for Life Products.
(May 31, 2017)The Solvency Committee submitted comments to the NAIC's Group Capital Calculation (E) Working Group on the group capital calculation and the proposed adjustments for comparability and consistency.
(May 26, 2017)The Casualty Practice Council presented a full-day program on predictive modeling for the National Association of Insurance Commissioners’ Insurance Summit in Kansas City on May 22-26. The program ended with a public policy panel discussion led by Senior Casualty Fellow Jim MacGinnitie.
(May 25, 2017)