The Academy released two new Essential Elements papers on principle-based reserving (PBR) and the National Flood Insurance Program (NFIP) adding to its series designed to make actuarial analyses of public policy issues more accessible to widespread audiences. Visit the Essential Elements webpage to read these and other papers in the series. (March 28, 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. (March 21, 2014)
The Casualty Practice Council submitted comments to the NAIC's Casualty Actuarial and Statistical Task Force on objective actuarial education measurement criteria that could be used by regulators to make a recommendation regarding the ability of SOA Fellows in General Insurance to sign P&C Statements of Actuarial Opinion. (March 19, 2014)
Frank Todisco, chief actuary of the Government Accountability Office, spoke at an Academy Capitol Forum webinar on the GAO’s mission, the role of the actuary at the agency, and some of its selected work areas. If you missed this webinar, click here to listen to the audio recording. (March 20, 2014)
The AOM Discussion Group released a report on ideas to improve the communication of issues within the appointed actuary’s memorandum. (March 19, 2014)
Read about congressional action on MAP-21, the importance of Precept 13 in the Code of Professional Conduct, the Academy’s new “Essential Elements” series, the March 26-27 2014 Pension Symposium, as well as remembrances of Paulette Tino and Rowland Cross. (March 18, 2014)
Allan W. Ryan, MAAA, FSA, was appointed to the Actuarial Board for Counseling and Discipline on Feb. 4. Allan’s area of practice is life insurance, where he has specialized in financial reporting. His 42 years of actuarial experience include employment at major insurance companies, as well as serving as chief actuary for a smaller insurance company. During his consulting career he was involved with documenting formal procedures for compliance with actuarial standards, as well as firm, regulatory, and accounting requirements for the actuarial consulting practice. (February 04, 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. (March 14, 2014)
Senior Pension Fellow Donald Fuerst provided written testimony to U.S. Senate Committee on Banking, Housing and Urban Affairs Subcommittee on Economic Policy hearing on the state of U.S. retirement security. (March 12, 2014)
In this month's HealthCheck, read about the Academy’s new public policy research partnership with the Health Care Cost Institute, Federal Health Committee member Joyce Bohl’s presentation on the Affordable Care Act’s effect on rating, the letter that the Health Solvency Work Group sent to the National Association of Insurance Commissioners’ Health Risk-Based Capital Working Group, the Department of Health and Human Services’ final rule on the 2015 benefit and payment parameters, and much more. (March 12, 2014)
The ORSA Subgroup submitted comments to the NAIC on its Guidance Manual for the Own Risk and Solvency Assessment (ORSA), noting that revisions made in the March 2014 draft provide clarity for those developing ORSA reports. (March 05, 2014)
William Hines, vice-president of the Risk Management and Financial Reporting Council, submitted written testimony to the U.S. Senate Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection for its hearing on capital regulation for insurers. (March 11, 2014)
The Health Solvency Work Group sent a letter to the NAIC Health Risk-Based Capital Working Group that offered ideas for alternatives to increasing riks-based capital factors to cover the 3Rs. (March 11, 2014)
Academy members made well-received presentations at the National Conference of Insurance Legislators’ Spring Meeting in Savannah March 7-9. Ellen Kleinstuber, vice-chairperson of the Academy’s Pension Committee, presented on a March 7 panel, “Longevity Risk & Insurance.” She also offered comments at a special point-counterpoint discussion on a proposed pension de-risking model act. Joyce Bohl, a member of the Federal Health Committee, presented on March 8 as part of a panel on the Affordable Care Act and underwriting. (March 10, 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. (March 07, 2014)
