The September issue of HealthCheck includes coverage of Academy presentations at the NAIC Summer National Meeting last month in Chicago, including updates by several long-term care work groups; a writeup of the Sept. 2 webinar co-hosted by the Academy’s Health Practice Council and the International Actuarial Association; legislative and regulatory updates, including from the Centers for Medicare & Medicaid Services and the Internal Revenue Service; and coverage of several Academy health care issue briefs in the news. (September 09, 2015)
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. (September 04, 2015)
In the September/October issue of Contingencies, read the feature article, “Our Nation's Neglected Infrastructure” — the author asserts that continued unwillingness to address the funding gap of critical national systems will have devastating consequences. Also in this issue, an article discussing the skills you learn as an actuary that prepare you for a career at the top of the executive ladder; a look at how new vehicle technology is changing the casualty market and how actuaries should prepare for the new reality; plus a book review of the landmark Social Security Works!, how to unleash your team’s creative potential, puzzles, and more. (September 01, 2015)
The Auto Insurance Committee submitted comments to the Federal Insurance Office (FIO) on proposed methods to monitor the affordability of auto insurance. (August 31, 2015)
In this month’s Actuarial Update, read about the Academy’s policy and professionalism presentations and updates at the NAIC’s summer meeting in Chicago. Also in this issue: the Academy released several papers as part of its Medicare@50 series; Jim MacGinnitie was named the Academy’s first senior P/C fellow; online elections for the Academy’s regular directors began Aug. 31 and continue through Sept. 21; and an update on sessions planned for the Academy’s Annual Meeting and Public Policy Forum and 50th anniversary celebration, to be held Nov. 12-13 in Washington. (September 01, 2015)
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. (August 28, 2015)
The Illustrations Work Group (IWG) published an addendum to the practice note, Actuarial Standard of Practice No. 24: Compliance with the NAIC Life Insurance Illustrations Model Regulation, to reflect the recently adopted Actuarial Guideline 49. (August 28, 2015)
Academy President Mary D. Miller provided an update on the Academy’s development of the online U.S. Qualification Standards Attestation Form to the NAIC’s Life Actuarial Task Force, Health Actuarial Task Force, and Casualty Actuarial and Statistical Task Force at the NAIC Summer National Meeting. Miller also demonstrated a prototype of the online form at the professionalism breakfast for regulators that the Academy hosted on Aug. 15, highlighting the progress on the form, which will help actuaries document how they meet the U.S. Qualification Standards requirements for signing NAIC annual life, health, and property and casualty statements of actuarial opinion. (August 15, 2015)
Key Academy volunteers addressed many issues including earthquake risk, long-term care terminations, actuarial professionalism, life principle-based reserving, and investment risk-based capital (RBC) among other issues before regulators at the National Association of Insurance Commissioners (NAIC) 2015 Summer National Meeting held August 15-18 in Chicago. Read the Academy Alert here. (August 21, 2015)
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. (August 21, 2015)
The Life Illustrations Work Group of the American Academy of Actuaries presented an educational paper describing various bonus structures and the illustration Disciplined Current Scale (DCS) supportability testing for life insurance products subject to the NAIC Life Insurance Illustrations Model Regulation. (August 14, 2015)
Social Security Committee released an issue brief on the Disability Insurance Trust Fund shortfall and ways to improve its long-term financial viability. (August 20, 2015)
The C-1 Work Group prepared a report and made a presentation to the NAIC’s Investment Risk-Based Capital Working Group on C-1 factors for corporate bonds. (August 19, 2015)
Multiemployer Subcommittee sent comments to the IRS and Treasury on proposed regulations on suspensions of benefits under the Multiemployer Pension Reform Act of 2014. (August 19, 2015)
The Solvency Committee provided a presentation to the National Association of Insurance Commissioners (NAIC) on the practical implications of using a 99.5 percent Value at Risk (VaR) over a one-year time horizon for valuation purposes. (August 15, 2015)
