Life Capital Adequacy Committee, Property and Casualty Risk-Based Capital Committee, and Health Solvency Work Group comments to the National Association of Insurance Commissioners (NAIC) on operational risk issues. (January 07, 2015)
The Academy has published its annual year-end Legislative/Regulatory Review that offers members a retrospective of the significant federal, state, and international developments that affected the U.S. actuarial profession last year, and key issues that will carry over into 2015. This special alert also highlights the Academy’s work in all practice areas. (January 07, 2015)
The January/February issue of Contingencies is now available online. It features the latest research on genes and their role in aging from scientists at Duke University’s Center for Population Health and Aging, a discussion of the possible upper limit of the human lifespan, timely coverage of how businesses are handling the risk of data security breaches, and a new feature about the Academy at age 50. (January 05, 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. (January 02, 2015)
In the Winter 2014 edition of Retirement Account, read about the Academy’s Annual Meeting and Public Policy Forum; an issue brief on the 2014 Social Security Trustees Report; and Academy comments on hybrid retirement plans, proposed actuarial standards of practice for public pension plans, and more. (December 30, 2014)
In this month’s Actuarial Update, the immediate past SOA president has served the Academy with a lawsuit seeking to halt the Actuarial Board for Counseling and Discipline (ABCD) from considering complaints against him. Also in this issue, the Academy testifies before the Senate Finance Committee on how Social Security affects women; answers to member questions about the U.S. Qualification Standards; and the outgoing head of the ABCD discusses how revised ASOPs affect year-end disclosures for pension actuaries. (December 31, 2014)
The Financial Reporting Committee sent comments to the International Accounting Standards Board (IASB) on its treatment of participating contracts in its insurance contracts project in follow-up to a November conference call. (December 23, 2014)
The new issue of EAR includes coverage of the Pension Benefit Guaranty Corporation’s (PBGC) 2014 annual report; Academy testimony in Congress; updated IRS pension limits, Social Security amounts, covered compensation; and the latest step in the Academy’s ongoing Retirement for the AGES initiative–graded assessments of several retirement income systems and public policy proposals. (December 23, 2014)
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. (December 19, 2014)
Pension Committee comment letter to the IRS regarding the updated final and newly proposed regulations for hybrid retirement plans. (December 18, 2014)
The Financial Regulatory Task Force sent comments to the Government Accountability Office (GAO) on its global capital standards report. (December 16, 2014)
The Life Products Committee(LPrC) submitted comments to the Actuarial Standards Board regarding an exposed Actuarial Standard of Practice (ASOP) on Life Insurance and Annuity Pricing. (December 15, 2014)
The Life Practice Council (LPC) submitted comments to the Actuarial Standards Board regarding an exposed Actuarial Standard of Practice (ASOP) on Principle-Based Reserves for Life Products. (December 15, 2014)
The Academy published its winter PBA Perspectives, a quarterly update on regulatory, legislative, and Academy activities surrounding the implementation of the Principle-Based Approach (PBA) for life insurance. (December 15, 2014)
The Risk Management and Financial Reporting Council sent comments to the Financial Stability Board (FSB) on the consultative document: Recovery and Resolution Planning for Systemically Important Insurers: Guidance on Identification of Critical Functions and Critical Shared Services. (December 15, 2014)
