Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (November 10, 2017)
The Life Reinsurance Work Group Submitted a comment letter to the NAIC's Life Actuarial (A) Task Force on yearly renewable term (YRT) reinsurance premiums under Section 20 of the Valuation Manual. (November 10, 2017)
The November HealthCheck covers the Academy’s and the Health Practice Council’s input on the Trump administration’s executive order on health care, including the potential effects on association health plans, cost-sharing reductions, and the individual market; legislative, regulatory, and judicial updates; and a preview of health sessions at the Academy’s Annual Meeting and Public Policy Forum next week in Washington. (November 08, 2017)
The Casualty Practice Council sent a letter to the U.S. House of Representatives providing comments on pending legislation to reauthorize and revise the National Flood Insurance Program. Read the news release. (November 08, 2017)
The Health Practice Council sent a letter to the U.S. Departments of Treasury, Labor, and HHS on the October 12 executive order. (November 07, 2017)
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (November 03, 2017)
The Life Products Committee submitted a comment letter to the Actuarial Standards Board regarding a proposed actuarial standard of practice (ASOP) on pricing of life insurance and annuity products. (October 31, 2017)
In the November/December issue of Contingencies, the cover story, “Wild Blue Yonder,” explores how insuring against liability associate with drone use is developing. Other features in this issue include “The Balancing Act,” a meditation on how work, family, and hobbies all fit together; and “The Death of Moral Hazard?” which imagines how an interconnected insurance ecosystem can address this pernicious problem. Plus an “International Corner” piece on the health care systems and outcomes of North America; “bad conduct” and Precept 1 of the Code of Professional Conduct; and our annual Actuarial Software Now supplement, which features articles on the promise of blockchain and the threat of ransomware. (November 01, 2017)
Read Academy President Bob Beuerlein’s letter to members on renewing membership in the American Academy of Actuaries. (November 01, 2017)
The actuarial standards of practice (ASOPs) require actuaries to take action, by stating what the actuary should do, consider, document, and disclose in the course of performing actuarial services. Actuarial Standards Board Chairperson Maryellen Coggins looks at “Reliance and the ASOPs: In Good Faith and Subject to Disclosure,” through the lens of reliance on third parties, reasonableness, and suitability of data. (Actuarial Update, October 2017) (October 31, 2017)
The Academy announced a position statement in support of policy and educational initiatives to increase retirement income options within employer-sponsored defined contribution (DC) plans. Read the news release. (October 31, 2017)
The October Actuarial Update covers outgoing President Bob Beuerlein’s overview of the Academy Board’s recent decisions and actions regarding para-actuaries, a position statement on lifetime income, and the Joint Discipline Council. Also in this issue, a preview of the upcoming Annual Meeting and Public Policy Forum, set for Nov. 14–15 in Washington; the Selection Committee announces appointments to the Actuarial Standards Board and Actuarial Board for Counseling and Discipline; a professionalism webinar on assumptions in actuarial practice; and the “Professionalism Counts” column covers “reliance and the ASOPS.” (October 31, 2017)
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (October 27, 2017)
The Pension Committee submitted a comment letter to the AICPA Employee Benefit Expert Panel on the current ASC 960 reporting standards for defined benefit pension plans. (October 27, 2017)
The Pension Practice Council sent a comment letter to the Missouri State Employees’ Retirement System Board regarding the newly-adopted Terminated-Vested Member Buyout Program. (October 23, 2017)
