The C-3 Work Group submitted a report on a recommended approach for updating regulatory Risk-Based Capital requirements for interest rate risk for fixed annuities and single premium life insurance (June 12, 2014)
In this month’s HealthCheck, read about the Academy’s Essential Elements paper on the drivers of health care cost growth and the newly published final rule addressing ACA components, and see what national and state media have been reporting about the Academy’s issue brief on drivers of 2015 health insurance premium changes. (June 12, 2014)
The Medicare Part D RBC Subgroup published a report to the NAIC’s Health Risk-Based Capital Working Group recommending that no change be made to the risk factors for Medicare Part D coverage. (June 12, 2014)
The Auto Insurance Committee submitted comments to the Federal Insurance Office on issues surrounding monitoring the availability and affordability of auto insurance. The comments addressed the definition of affordability, and the metrics and data sources to use when monitoring the extent to which low- and moderate-income consumers have access to affordable auto insurance. (June 09, 2014)
The Medical Professional Liability Insurance Committee released a fact sheet on medical professional liability exposures as part of a series designed for actuaries and the general public. (June 06, 2014)
The Solvency Committee submitted comments to the International Actuarial Association (IAA) on the International Association of Insurance Supervisors' (IAIS) Memo on a proposed approach for a global insurance capital standard. (June 06, 2014)
The Separate Account Product Work Group submitted a comment letter to the NAIC Separate Account Risk Working Group on its revised recommendations for separate accounts that was exposed May 7, 2014. (June 05, 2014)
The Reinsurance Work Group submitted a comment letter to the NAIC Emerging Actuarial Issues Working Group on the exposed Reinsurance Ceded Interpretation Question. (June 02, 2014)
The Solvency Committee submitted comments to members of the U.S. House of Representatives supporting passage of the Insurance Capital Standards Clarification Act of 2014 (S.2270/H.R.4510), which clarifies that the Fed has the authority to differentiate between banks and insurers in terms of capital requirements. (June 05, 2014)
The Risk Management and Financial Reporting Council submitted comments to NCOIL's International Issues Task Force with recommendations on three international issues that NCOIL should address in 2014. (June 02, 2014)
In this month's Actuarial Update, read what state officials had to say about their state's health care exchange open-enrollment results, new research on drivers of next year's health premium increases, proposed changes to Social Security, and much more. (June 03, 2014)
The Pension Committee submitted comments to the Society of Actuaries’ Retirement Plans Experience Committee on the RP-2014 and MP-2014 exposure drafts. (May 29, 2014)