The latest issue of PBA Perspectives features an update on principle-based reserving (PBR), which has reached a key milestone after more than a decade of development. The issue also contains regulatory, legislative, and Academy activities surrounding the implementation of the principle-based approach (PBA) for life insurance. (April 18, 2016)
Academy Senior Pension Fellow Ted Goldman spoke on retirement issues at a National Retirement Planning Week panel discussion on Capitol Hill. (April 15, 2016)
The Health Care Receivables Factors Work Group sent its recommendation on credit risk factors for health care receivables to the NAIC’s Health Risk Based Capital (E) Work Group. (April 15, 2016)
The April issue of HealthCheck covers the Health Practice Council’s presentations at the NAIC Spring 2016 National Meeting, recaps the Academy’s recent webinar with Center for Consumer Information and Insurance Oversight (CCIIO) representatives, and highlights this fall’s Life and Health Qualifications Seminar. (April 13, 2016)
The Risk Sharing Subcommittee published an issue paper that reviews the first year of experience under the Affordable Care Act’s (ACA) risk adjustment program with a focus on experience in the individual market. Read the news release here. (April 12, 2016)
The Risk Sharing Subcommittee presented an update to the Health Actuarial Task Force (B) on its report about the risk adjustment program. (April 05, 2016)
The Long-Term Care (LTC) Principle Based Reserve (PBR) Work Group presented its final report to the NAIC’s Long-Term Care Actuarial Working Group (B). (April 05, 2016)
The Long-Term Care (LTC) Credibility Monograph Work Group presented an update to the NAIC’s Long-Term Care Actuarial Working Group (B). (April 05, 2016)
The Cancer Claim Cost Table Work Group presented to the NAIC’s Health Actuarial Task Force (B) on its progress in updating the 1985 cancer claim cost tables. (April 05, 2016)
The latest issue of Actuarial Update features the new “Addressing Ethical Concerns” course available on the Academy’s eLearning Center. Also in this issue, Health Practice Council volunteers make their annual visit to Capitol Hill; the new StateScan legislative portal kicked off in March; Academy volunteers’ annual COI and CE attestations are due now; and the “Professionalism Counts” column focuses on objectivity and independence. (March 31, 2016)