The Nonforfeiture Modernization Work Group submitted a comment letter to the NAIC Life Actuarial (A) Task Force on exposed edits to the standard nonforfeiture law for annuities regarding requirements for contingent deferred annuities (CDA). (May 13, 2015)
The Risk Sharing Work Group submitted comments to CCIIO on the methodology proposed to evaluate the sufficiency of EDGE server data. (May 08, 2015)
The Risk Management and Financial Reporting Council (RMFRC) sent comments to the International Association of Insurance Supervisors (IAIS) on Insurance Core Principle (ICP) 8: Risk Management and Internal Controls. (May 12, 2015)
William Hines, vice president of the Risk Management and Financial Reporting Council, gave a presentation to the International Association of Insurance Supervisors (IAIS) on modeling for insurance capital standards (ICS). (May 06, 2015)
This professionalism webinar provides the first analysis of the results of the Academy’s survey on “Key Ethical Concerns Facing the Actuarial Profession: Perceptions of Members of the American Academy of Actuaries.” Attendees asked thought-provoking questions and shared insights on the top perceived ethical issues and means of mitigating such issues as they interacted with seasoned panelists—Vice President of Professionalism Kenneth Kent, former VP of Professionalism Karen Terry, and Academy Assistant General Counsel Sheila Kalkunte. (May 22, 2015)
In this month’s Actuarial Update, the Academy has launched the Actuarial eLearning Center, a new professionalism tool that provides members with an innovative way to earn necessary continuing education credits. Also in this issue: a new report highlights members’ perceptions of key ethical issues facing the profession; the Pension Practice Council addresses the Multiemployer Pension Reform Act of 2014; and a letter from the Academy’s first president that still resonates today. (May 01, 2015)
The ERM/ORSA Committee sent comments to the International Association of Insurance Supervisors (IAIS) on its draft issues paper Conduct of Business Risk and its Management. (May 01, 2015)