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Professionalism Outreach
Academy President Tom Wildsmith addressed students in Columbia University’s actuarial science master’s program on Tuesday for its Proseminar Series, which is designed to “bridge the gap between academia and today’s actuarial science industry.” Wildsmith’s presentation on “Professionalism and the Aspiring Actuary” provided the audience of 100 with a compelling account of the broad societal impact of the U.S. actuarial profession’s work and how the Academy historically has articulated, and continues to articulate, the consequent professional responsibilities of actuaries with regard to the public, employers, clients, and others.
Upcoming Events
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Regulator-Only ORSA Webinar Set for March 15: This webinar will provide regulatory actuaries who are reviewing Own Risk and Solvency Assessment (ORSA) reports with background information on the enterprise risk management (ERM) process and what information might be included in an ORSA report. It will draw from the in-depth analysis provided by the public policy overview ORSA and the Regulator, which was released by the Academy’s ERM/ORSA Committee this month. Registration information will be available soon.
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Professionalism Webinar Planned for March 17: The Academy’s March 17 professionalism webinar, “Questions and Answers: The U.S. Qualification Standards,” will feature experts from the Committee on Qualifications. For more details and registration information on this interactive webinar, click here.
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PBR Boot Camp—Basic Training and Beyond for Principle-Based Reserving (PBR) Implementation: Get a head start on understanding PBR before it takes effect, expected to be January 2017 for life insurers. To assist actuaries who will be utilizing PBR—and auditors and regulators who will later review that work—the Academy’s Life Practice Council is hosting an intensive, two-and-a-half day seminar on PBR, June 6-8 at the Hilton Chicago O’Hare Airport hotel. Registration information will be available soon.
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Enrolled Actuaries (EA) Meeting: The Academy and the Conference of Consulting Actuaries will again jointly host the annual Enrolled Actuaries Meeting, April 10-13, in Washington, D.C. The meeting offers a variety of panels and workshops covering a wide range of topics and issues relevant to EAs and other pension professionals, and an exhibit of products and services. Click here for more information and to register.
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LHQ Seminar Set for November: Save the date for the 2016 Life and Health Qualifications Seminar, which will be held Nov. 13-17 in Arlington, Va., outside of Washington, D.C.
Public Policy Activities
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The Financial Reporting Committee submitted comments to the Financial Accounting Standards Board on its proposed accounting standards update, Fair Value Measurement (Topic 820): Disclosure Framework.
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The Short-Duration Contracts Work Group released a new white paper, Challenges and Issues Implementing the FASB Short-Duration Contract Disclosures, for exposure. Comments are being accepted through March 15.
In the News
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