Life Policy Analyst Amanda Barry-Moilanen provided an update on Life Practice Council (LPC) activities of interest to the NAIC’s Life Actuarial (A) Task Force (LATF) at their recent meeting in Denver, including recent and upcoming LPC publications, other Academy activity and key 2025 events. (November 19, 2024)

Casualty Policy Analyst Rob Fischer provided an update on the Casualty Practice Council (CPC) activities of interest to the NAIC’s Casualty Actuarial (C) and Statistical Task Force (CASTF) at their recent meeting in Denver, including an update on recent and upcoming CPC publications, other Academy activity and key 2025 events. (November 19, 2024)

Senior Health Policy Analyst Matthew Williams provided an update on the Health Practice Council (HPC) activities of interest to the NAIC’s Health Actuarial (B) Task Force (HATF) at their recent meeting in Denver, including an update on recent and upcoming HPC publications, other Academy activity and key 2025 events. (November 19, 2024)

Senior Casualty Fellow Rich Gibson presented to the NAIC Antifraud (D) Task Force at their recent meeting in Denver on the P&C Committee on Equity and Fairness' recently published issue brief, Insurance Fraud: Impacts on Premiums, Claim Costs, and the Public. (November 19, 2024)

The Risk Management and Financial Reporting Council’s (RMFRC) Financial Reporting Committee, ERM/ORSA Committee, and the Life Practice Council’s Life GAAP Reporting Committee released a white paper, Hedging and Risk Management. The paper examines how insurance companies—life, health, or property and casualty—employ similar techniques to manage insurance risk. It uses life insurance management of mortality risk to illustrate examples and describes capital markets’ risks and how companies have adopted hedging as a risk management tool. (November 18, 2024)

The Economic Scenario Generator Subcommittee commented to the NAIC Generator of Economic Scenarios (GOES) (E/A) Subgroup on their exposure of SERT scenarios.  (November 14, 2024)

Senior Casualty Fellow, Rich Gibson, incoming Casualty Practice Council Vice-President Susan Kent, and New Mexico OSI Chief Actuary, Christian Myers, presented a session at the Casualty Actuarial Society's Annual Meeting in Pheonix, AZ on “P&C Regulatory and Legislative Environment”.  (November 05, 2024)

The Health Practice Council’s Individual and Small Group Markets Committee submitted comments to the Centers for Medicare & Medicaid Services regarding the proposed rule for the 2026 Notice of Benefit and Payment Parameters. (November 12, 2024)

The Actuarial Board for Counseling and Discipline (ABCD), like the Actuarial Standards Board, resides within the Academy’s structure, but operates independently of the Academy’s Board of Directors. It serves several functions on behalf of the U.S. actuarial profession. Following is a look at the ABCD’s inquiry process. (October 31, 2024)

The Casualty Practice Council submitted comments to the Actuarial Standards Board (ASB) on the exposure draft of Actuarial Standard of Practice (ASOP) No. 30, Profit Margins and Contingency Provisions in Property/Casualty Risk Transfer and Risk Retention. (November 06, 2024)

The latest release in the Cyber Risk Toolkit, “SEC Cybersecurity Disclosure Requirements and Related Directors & Officers Liability Risks,” details how the United States Securities and Exchange Commission is regulating cybersecurity and the reporting of cybersecurity incidents by publicly traded corporations to investors, as well as the implications of these regulations. (October 30, 2024)

The Casualty Practice Council (CPC) submitted comments regarding the California Department of Insurance’s Notice of Proposed Rulemaking on Catastrophe Modeling and Ratemaking. Specifically, the CPC weighed in on the inclusion of the phrase “most actuarially sound” in the state’s regulations. (October 17, 2024)

The Health Practice Council has released an issue brief, ERISA at 50: ERISA and Health Benefits. The issue brief covers the history of ERISA’s application to health benefits, subsequent amendments to the law, ERISA’s facilitation of coverage under employer-sponsored health plans, and its challenges. Released alongside the issue brief is an executive summary of the brief. (October 17, 2024)

The Life Practice Council provided comments to the entirety of the NAIC Life Actuarial Task Force (LATF)'s exposure, AAT for Reinsurance Actuarial Guideline Draft. (October 10, 2024)

The Life Practice Council provided comments to the Scope and Aggregation sections of the NAIC Life Actuarial Task Force (LATF)'s exposure, AAT for Reinsurance Actuarial Guideline Draft. (October 03, 2024)