New Academy President Dave Sandberg outlined his focus for the coming year in his first message to members. Click here to read the full letter.
Media Coverage
NAIC to Scrutinize Contingent Annuities National Underwriter Life & Health, Nov. 6, 2011
Academy Life Practice Council Vice President Cande Olsen, who spoke on behalf of the Academy’s Contingent Annuities Work Group during the NAIC’s Life and Annuities Committee meeting, was quoted from the discussion on Nov. 4. The work group’s Oct. 28 letter to the NAIC Life Insurance and Annuities Committee also was discussed.
Website: New Postings
The Premium Review Work Group sent a letter to the Massachusetts Senate regarding an amendment to the state budget bill that would require any disapproval of health insurance rates to be “supported by sound actuarial assumptions and methods.”
Upcoming Events
Join the Academy’s Life Practice Council on Nov. 22 for a review of the NAIC Fall 2011 National Meeting and a progress report on implementing the principle-based approach (PBA) to reserving. Presenters also will discuss updates of the VM-20 impact study and NAIC developments on the Own Risk Solvency Assessment (ORSA). Click here to learn more.
The Academy’s Health Practice Council will present a free webinar on Dec. 9 to provide actuaries from all specialties with essential background on Medicare’s current structure and financial condition as well as options and prospects for reform in light of ongoing efforts to reduce the deficit. This webinar, What Every Actuary Should Know about Medicare—From Structure to Reform, is presented by the Academy and cosponsored by the Society of Actuaries and the Conference of Consulting Actuaries. It also qualifies for continuing education credit. Click here to learn more.
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