How Insurance Companies Estimate Costs And Price Health Insurance Policies Hartford Courant, March 3, 2011
Academy Health Practice Council Vice President Tom Wildsmith is scheduled to be the guest expert on the Hartford Courant's live web chat on March 3 at noon EST. Wildsmith will answer questions from readers about how insurance companies estimate costs and price health insurance policies. Follow the web chat here.
Long-term care needs changes, officials say New York Times, Feb. 21/22, 2011
Academy leaders cited for their comments on the Community Living Assistance Services and Supports (CLASS) Act. The actuaries are concerned that the federal long-term care program will attract a disproportionate share of higher-risk individuals, which will cause adverse selection issues.
'Fix' not so tough for Social Security Dayton Daily News, Feb. 18, 2011
A reader's letter to the editor encourages other readers to visit the Academy's website and play the Social Security Game. The author describes the Academy as "about as non-political a group as you can find."
The Academy's P/C RBC Committee sent a letter to the NAIC's P/C RBC Working Group regarding the Academy's joint report in response to the NAIC's request for assistance with its Solvency Modernization project on its RBC formulas.
The Financial Regulatory Reform Task Force submitted comments to the Financial Stability Oversight Council on its proposed rule, Authority to Require Supervision and Regulation of Certain Non-Bank Financial Companies.
Upcoming Events
Revised ASOP No. 41, Actuarial Communications Webinar, March 23
This revised ASOP brings important changes to the guidance relating to how actuaries communicate their work to intended users. It is imperative for actuaries in every practice area to understand this standard and the changes that will go into effect on May 1. Click here for registration information and to learn more.
Preparing for Change under PBA: Life Company Reserves and Capital Seminar—Early bird registration open
This May 18 seminar will feature an in-depth discussion of several "hot topics" and specific implementation challenges related to the Principle-Based Approach (PBA) for statutory reserves and capital, with an emphasis on how PBA will affect a company's pricing process.
Recently Released Publications
Read the Feb. 25 HealthCheck—a bimonthly report from the Academy on health care reform.
Note: Some links in this e-mail go to external websites and may require registration. The Academy is not responsible for the content of these websites. Links may expire.
Sign up to follow the Academy on Twitter.
Rather not receive Academy emails? Unsubscribe by emailing membership@actuary.org.
1850 M Street NW • Suite 300 • Washington, DC 20036 • 202.223.8196 • www.actuary.org
Copyright 2011 American Academy of Actuaries. All rights reserved.