The Financial Reporting Committee (FRC) submitted a letter to the International Accounting Standards Board on the treatment of participating contracts within the IFRS Foundation’s insurance contracts project that includes discussions on book-yield and effective-yield approaches.
The Joint Committee on Retiree Health sent a letter to the Governmental Accounting Standards Board commenting on proposed statements of accounting and financial reporting by governmental employers for other postemployment benefits (OPEBs).
(August 29, 2014)The Pension Committee's Public Plans Subcommittee sent a letter to the Governmental Accounting Standards Board commenting on an Exposure Draft on accounting and financial reporting for pension plans that are not administered through trusts and amendments to certain provisions of GASB Statements 67 and 68.
(August 29, 2014)The Pension Committee sent a letter to the Internal Revenue Service and Treasury Department regarding guidance needed regarding the Highway and Transportation Funding Act of 2014.
(August 26, 2014)The Asset Adequacy Analysis Committee released for exposure a practice note on current practices in asset adequacy analysis and testing. Comments are due by Oct. 6.
(August 21, 2014)Representatives of the Actuarial Climate Volatility Index Subcommittee made a presentation to the NAIC’s Climate Change and Global Warming Working Group on the ongoing development of an Actuaries Climate Index and Actuaries Climate Risk Index.
(August 17, 2014)The Long-Term Care Terminations Work Group presented an update to the NAIC’s Long-Term Care Actuarial Working Group on progress made in developing a recommendation on LTC terminations and next steps.
(August 15, 2014)The AG33 Non-Elective Task Force sent a letter to the NAIC’s Life Actuarial Task Force on AG XXXIII.
(August 15, 2014)The Long-Term Care Principle-based Work Group presented an update to the NAIC’s Long-Term Care Actuarial Working Group on progress in developing a principle-based approach model and a timeline for completion.
(August 15, 2014)The American Academy of Actuaries/Society of Actuaries Joint Project Oversight Group presented to the NAIC’s Life Actuarial Task Force on development of the 2014 VBT Primary Tables.
(August 15, 2014)
Update to the NAIC’s Long-Term Care Actuarial Working Group on the Long-Term Care Credibility Monograph Work Group’s progress in drafting a monograph that addresses long-term care credibility.
(August 15, 2014)
The Nonforfeiture Modernization Work Group submitted a report to the NAIC’s Life Actuarial Task Force meeting in Louisville, Ky.
(August 15, 2014)The Health Practice International Task Force published an issue brief providing an overview of the prevalence and costs associated with diabetes internationally and exploring ways in which several countries are addressing the high cost of diabetes.
(August 13, 2014)The Principle-Based Reserves Strategy Subgroup sent a comment letter to the NAIC Life Actuarial Task Force on the Net Premium Reserve component of the Rector report.
(August 12, 2014)The Solvency Committee submitted comments to the National Association of Insurance Commissioners on the International Association of Insurance Supervisors’ revised proposal, Basic Capital Requirements for Global Systemically Important Insurers (G-SIIs).
The Solvency Committee submitted comments to the International Actuarial Association on the International Association of Insurance Supervisors' revised proposal, Basic Capital Requirements for Global Systemically Important Insurers (G-SIIs).
(August 04, 2014)
The Medicare Steering Committee updated its annual issue brief that offers an actuarial perspective on Medicare's financial condition and outlines the public policy options to address the program's long-term financial challenges.
(July 31, 2014)The Academy published a new Essential Elements paper, Securing Social Security, which examines the long-term solvency challenges facing the nation’s largest social insurance program and approaches that could provide adequate long-term financing for the program. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences.
(July 28, 2014)The Pension Practice Council (PPC) and Pension Finance Task Force (PFTF) submitted letters to Congressional leaders on concerns about proposals to raise revenues by changing private sector pension law to offset unrelated spending increases.
The ORSA Subgroup submitted comments to the NAIC's Risk-Focused Surveillance Working Group on the second exposure draft of ORSA guidance, which will be included in the Financial Analysis Handbook and the Financial Condition Examiners Handbook.
(July 22, 2014)
