Carriers look beyond variable annuities Investment News, Jan. 8, 2012
The Academy Contingent Annuities Work Group’s analysis of contingent annuities that was provided to the National Association of Insurance Commissioners (NAIC) on Oct. 28 was cited. The work group concluded that contingent annuities differ from financial guaranty insurance and should not be classified as such. Rather, the work group said contingent annuities should be classified as a type of annuity product.
Just announced: a free webinar on the Affordable Care Act (ACA) will be held on Feb. 10. Presenters will discuss the key provisions in the law (focusing on those intended to expand coverage) and the status of implementation. This webinar is presented by the Academy and cosponsored by the Society of Actuaries and Conference of Consulting Actuaries. Members from all practice areas are encouraged to attend.
Save-the-date—Feb 8—for the Medical Loss Ratios webinar. In December 2011, the Department of Health and Human Services published final regulations implementing the medical loss ratio requirements in the ACA. Insurers have already begun complying with the reporting and rebate requirements under the ACA and this webinar will focus on the implications of the changes in the final regulations. More to come soon!
Casualty actuaries: Join the Academy and the Casualty Actuarial Society on Jan. 19 for a webinar that will examine issues fundamental to effective P/C actuarial work: data, documentation and disclosure. This webinar also will address the Code of Professional Conduct, the CAS Statements of Principle, relevant Actuarial Standards of Practice, and specific NAIC guidance for issuing statements of actuarial opinion. Learn more.
Recently Released Publications
The January ASB Boxscore is now available. This issue includes news on ASOP No. 4 Exposure (Pension), ASOP No. 27 Second Exposure (Pension), revisions to the Introduction to Actuarial Standards of Practice, discussion draft on modeling, and more!
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