The P/C Risk-Based Capital Committee submitted a comment letter to the NAIC’s Capital Adequacy Task Force on the ongoing examination of the bond risk factors used in the P/C risk-based capital (RBC) formula. (November 10, 2015)
Pension Practice Council submitted comments to the Treasury Department and Internal Revenue Service regarding final regulations concerning Qualified Longevity Annuity Contracts (QLACs) and their advantages. (November 06, 2015)
The dues renewal process for 2016 is now open, with membership dues remaining the same for a fifth consecutive year. Members may log in here to pay and make changes to your account. Coinciding with the dues renewal, the Academy released The Record, which highlights the Academy’s 2015 publications and achievements. (November 11, 2015)
The Financial Reporting and Solvency Committee submitted a comment letter to the NAIC's Emerging Accounting Issues (E) Working Group on the “ACA Risk Corridors Collectability” exposure draft. (October 30, 2015)
The October Actuarial Update covers the recent “Aging Securely” Capitol Hill forum and release of the new Social Security Game; the appointment of the Academy’s new general counsel, Paul Kollmer-Dorsey; the release of a joint paper on longevity risk; and the ASB’s release of ASOP No. 50. (October 30, 2015)
The Life Reserves Work Group submitted an amendment proposal to the NAIC regarding the definition and clarification of the term “modeled reserve” in the VM-20. (October 21, 2015)
The Life Reserves Work Group submitted an amendment proposal to the NAIC regarding the removal of references to the “seriatim reserve” in the Valuation Manual. (October 21, 2015)
The Academy's Health Practice International Committee released a new issue brief exploring the similarities and differences with respect to long-term care reform in Austria, Germany, Israel, Japan, Korea, the Netherlands, and the U.S. (October 29, 2015)
The Solvency Committee submitted comments to the National Association of Insurance Commissioners on the Group Capital Calculation Recommendation exposure draft. (October 27, 2015)