The Council on Professionalism submitted an additional comment letter to the NAIC’s Joint Qualified Actuary (A/B/C) Subgroup at their request following their last open call on February 13, 2013, wherein the Council more concisely set forth the value of Academy membership and clarified information about the ABCD. (February 20, 2013)
Presenters cover ASOP Nos. 46 and 47, relating to risk evaluation and risk treatment in enterprise risk management (ERM). They also discuss why ERM standards are needed and how actuaries should comply with them. (March 28, 2013)
The Academy sent a letter to President Obama and top administration officials urging them to require Academy membership as a qualification for any candidate to the chief actuary position at the Centers for Medicare & Medicaid Services. Read the news release. (February 19, 2013)
The Casualty, Life, Health, and Professionalism councils submitted comments to the NAIC's Joint Qualified Actuary (A/B/C) Subgroup on the subgroup's two new charges related to defining a "qualified actuary" and recommending a process to address "unprofessional" actuarial work. (February 11, 2013)
When President Obama talks about avoiding sequesters and reducing federal budget deficits during his State of the Union tonight, the American Academy of Actuaries believes he should refocus on reforming major direct-spending programs. The business-as-usual trade-offs that result from budget battles could do far more harm than good if it pits decisions on sustaining Medicare, Medicaid and Social Security for future generations against discretionary spending growth and tax reform. Read the news release. (February 12, 2013)