The inaugural issue of the Academy’s state legislative newsletter, StateScan Quarterly, highlights state legislation that may be of interest to Academy members. It also marks the introduction of StateScan, the Academy’s new legislative portal that provides members access to state legislative reports on a variety of actuarial public policy issues across all practice areas. StateScan gives Academy members the ability to search, identify, and monitor state legislative activity on key public policy issues. Log in now to access StateScan.
Webinars Cover Professionalism, ORSA and Regulators
Each year the Academy’s Council on Professionalism sponsors a series of webinars. These engaging discussions are a cost-effective way for members to earn needed professionalism continuing education credit. The 2016 series kicked off this week with Thursday’s “Professionalism and the U.S. Qualification Standards.” Attendees from more than 700 registered sites heard experts on actuarial qualifications discuss the answers to frequently asked questions about the U.S. Qualification Standards. Slides are now available, and audio will be posted soon.
The Risk Management & Financial Reporting Council’s ERM/ORSA Committee held a regulator-only webinar Tuesday on Own Risk Solvency Assessment (ORSA). Attendees from about 115 registered sites—two-thirds of those invited and eligible to attend—listened to “Use of ORSA by the Regulator: Considerations for Actuaries,” which was moderated by committee Chairperson Tricia Matson and featured several committee members with cross-practice expertise.
See the upcoming March Actuarial Update for more coverage of both webinars.
ASB Requests Regulator Input
The Actuarial Standards Board (ASB) would like to build a resource list of government actuaries to be a general sounding board and a specific source for feedback relating to actuarial standards of practice (ASOPs) in which regulators may have an interest. It hopes to use this list also to seek volunteers for ASB committees or task forces to assist with drafting ASOPs.
If you are a government regulator and you have questions, please contact Erica Kennedy, ASB program manager, at Kennedy@actuary.org.
Upcoming Events
Lowest Rates for PBR Boot Camp End Today, March 18: The Academy’s Life Practice Council will host “PBR Boot Camp—Basic Training and Beyond for Principle-Based Reserving Implementation,” an intensive, two-and-a-half-day seminar on principle-based reserving (PBR), June 6-8 in Chicago. With case studies and small group sessions, attendees will get a head start on understanding PBR before it takes effect, expected January 2017 for life insurers. Click here for registration and more information.
Save the Date: Officials from the Center for Consumer Information and Insurance Oversight (CCIIO) will present at a March 30 Academy webinar on the development of 2017 rate filings and the unified rate review template (URRT) instructions. Registration information will be available soon.
Enrolled Actuaries (EA) Meeting Next Month: 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 will offer a variety of panels and workshops and cover 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.
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
Senior Pension Fellow Ted Goldmansubmitted comments to the Senate Finance Committee on its hearing, “The Multiemployer Pension Plan System: Recent Reforms and Current Challenges.”
The Price Optimization Task Forcesubmitted comments to the NAIC’s executive committee on changes made to the proposed Price Optimization White Paper.
The Life Illustrations Work Groupsubmitted comments to the NAIC’s IUL Illustration (A) Subgroup on revisions to Actuarial Guideline (AG) 49.
In the News
A Daily Koscolumn about the interpretation of payments made under the Affordable Care Act’s reinsurance program references the Academy. The Academy’s Risk-Sharing Work Group commented on the proposed regulation in 2014.
The Society of Professional Journalists added the Academy’s 2016 Election Guides to its “Journalist’s Toolbox” as a resource for journalists covering the presidential and congressional primaries.
BenefitsLink.com’s announcement of National Retirement Planning Week in April mentioned the Academy as a member of the National Retirement Planning Coalition.
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