The Price Optimization Task Force submitted comments to the NAIC’s executive committee on changes made to the proposed Price Optimization White Paper. (March 15, 2016)
The Academy’s March 17 professionalism webinar, "Questions and Answers: The U.S. Qualification Standards," featured experts from the Committee on Qualifications. Members may access the slides and audio here. (March 14, 2016)
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. (March 11, 2016)
The Role of the Actuary Subgroup submitted comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on revisions to the Corporate Governance Guidance Appendix, Section VM-G, of the Valuation Manual applicable to qualified actuaries for clarification and consistency with the Standard Valuation Law. (March 10, 2016)
The March issue of HealthCheck covers the U.S. Department of Health and Human Services’ release of a final Notice of Benefit and Payment Parameters for 2017, the Centers for Medicare & Medicaid Services’ release of several key documents and statements, and a save-the-date notice for the Life and Health Qualifications seminar, to be held in November. (March 09, 2016)
The Risk Exposures Subgroup of the ERM/ORSA Committee released a new practice note, Quantifying Risk Exposures for Own Risk and Solvency Assessment Reports. (March 07, 2016)
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. (March 04, 2016)
Check out the latest issue of Contingencies. Features include “The Futures of the U.S. Health Care System,” about how a practice from the business world called scenario planning can help actuaries describe how potential futures may unfold; “The Real Goal of American Pension Legislation,” which investigates why U.S. law seems to lead to a disconnect between stated goals and realized outcomes; and “Fed Up,” which looks at what the Federal Reserve’s move to raise its benchmark interest rate means for financial companies’ bottom lines? Plus an actuary’s perspective on economic inequality and why it’s important. (March 01, 2016)
In the latest issue of Actuarial Update, read President Tom Wildsmith’s column on how transparency in the context of pensions is vital for assuring the profession’s public trust, and about the Academy’s new 2016 election guides. Also in this issue: It’s time to nominate a fellow member for one of the Academy’s annual service awards; HealthCheck and the ASB Boxscore were released; the Professionalism Counts column looks at first impressions of professionalism; and the Academy will host a March 17 webinar on the U.S. Qualification Standards. (February 29, 2016)
As voters consider their choices in state primary elections and in the run-up to the general election, the Academy is urging them to “make issues count” by evaluating the substance of presidential and congressional candidates’ positions, aided by the Academy’s new series of issue-focused Election Guides. (February 29, 2016)
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. (February 26, 2016)
The SVL Interest Rate Modernization Work Group submitted comments to the NAIC’s V-22 Subgroup of the Life Actuarial Task Force on statutory regulations regarding the determination of statutory valuation interest rates. (February 23, 2016)
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. (February 19, 2016)
Academy President Tom Wildsmith addressed students in Columbia University’s actuarial science master’s program on Tuesday for its Proseminar Series, which is designed to “bridge the gap between academia and today’s actuarial science industry.” Wildsmith’s presentation on “Professionalism and the Aspiring Actuary” provided the audience of 100 with a compelling account of the broad societal impact of the U.S. actuarial profession’s work and how the Academy historically has articulated, and continues to articulate, the consequent professional responsibilities of actuaries with regard to the public, employers, clients, and others. (February 19, 2016)
The Financial Reporting Committee (FRC) submitted comments to the Financial Accounting Standards Board (FASB) on its proposed accounting standards update, Fair Value Measurement (Topic 820): Disclosure Framework. (February 18, 2016)
