Vice presidents of the Academy’s Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Council provided comments to the NAIC’s newly established Risk-Based Capital (RBC) Model Governance (EX) Task Force on the task force’s 2025 goals and proposed charges. (March 14, 2025)
The Retirement Practice Council’s Pension Committee sent a letter to the House Budget Committee asking it to consider modifying the due date of the 2025 Pension Benefit Guaranty Corporation (PBGC) premiums for single-employer pension plans. (March 11, 2025)
An issue brief from the Individual and Small Group Markets Committee, Ensuring Access, Affordability, Choice, and Competition in the Individual Health Insurance Market, provides an overview of how the laws and rules governing the individual health insurance market support the goals of increasing access to coverage, improving affordability, enhancing consumer choice, and encouraging insurer competition. It also discusses how changes to these laws and rules could affect the achievement of these goals. (March 06, 2025)
A Medicaid Committee issue brief, Medicaid Per Capita Caps: Design Considerations and Policy Implications, focuses on Medicaid per-capita caps and discusses some of the key design considerations and the potential implications of different design decisions. In particular, it discusses considerations related to setting the initial federal per-capita cap and how that would change over time. (March 06, 2025)
The Life Practice Council provided comments to the Life Actuarial (A) Task Force on the Illustration Actuary Knowledge Statements. (February 28, 2025)
The Life Practice Council provided comments to the Life Actuarial (A) Task Force on the most recent AAT for Reinsurance Actuarial Guideline Draft Exposure. (February 28, 2025)
The Life Products Committee provided comments to the Life Actuarial (A) Task Force on a re-exposure of APF 2024-16, meant to provide guidance on a universal life nonforfeiture issue. (February 28, 2025)
You’ve had a long and rewarding actuarial career. After decades of hard work and keeping up with developments in your constantly evolving actuarial environment, you are looking forward to retiring. Finally, you won’t have to worry about CE each year! Not so fast. Are you keeping your oar in the water with a little consulting on the side? (February 28, 2025)
The Data Science and Analytics Committee (DSAC) submitted comments to the International Association of Insurance Supervisors (IAIS) on IAIS' public consultation draft application paper on the supervision of artificial intelligence (AI). (February 27, 2025)
The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC’s Life Actuarial (A) Task Force VM-22 Subgroup on the Chair Exposure for Remaining Decisions on Framework. (February 26, 2025)
A new issue brief from the Academy’s Long-Term Care Committee, The State of Long-Term Care Insurance—2025, highlights the current state of LTCI, focusing specifically on policy design, the management of legacy blocks of business, and policyholder engagement. It also considers potential areas for continued uncertainty in the industry. (February 13, 2025)
The Academy's Research Department along with representatives from EY presented to the Valuation Manual (VM)-22 (A) Subgroup, providing preliminary VM-22 Field Test results. (February 05, 2025)
The C1 Subcommittee presented an update to the Risk-Based Capital Investment Risk Evaluation (E) Working Group on their work determining comparable attributes of collateralized loan obligations (CLO). (February 11, 2025)
A new document from the Committee on Property and Liability Financial Reporting (COPLFR) addresses issues raised by the recent Los Angeles wildfires. The Supplement to the 2024 COPLFR Practice Note—LA Wildfires offers a list of FAQs and associated responses for Appointed Actuaries’ consideration when providing statements of actuarial opinion for companies materially impacted by such events, whether directly or indirectly. (February 07, 2025)
The Financial Reporting Committee and the Life GAAP Reporting Committee sent an agenda request letter to the Financial Accounting Standards Board (FASB) encouraging FASB to consider a project related to portfolio layer method (PLM) hedge accounting for liabilities. (February 04, 2025)
