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. (November 19, 2021)
The Long-Term Care Valuation Work Group released a major report, the Long-Term Care Insurance Mortality and Lapse Study, as a result of a 2016 request from the NAIC’s Health Actuarial (B) Task Force regarding replacing the mortality and lapse bases for statutory minimum reserves. The study was completed jointly by the Academy and the Society of Actuaries Research Institute. (November 19, 2021)
The Climate Change Joint Task Force sent comments to the U.S. Department of the Treasury and Federal Insurance Office's (FIO) request for information regarding FIO's future work related to the insurance sector and climate-related financial risks. (November 15, 2021)
The HEWG sent a comment letter to the NAIC’s Special (EX) Committee on Race and Insurance – Workstream 5 (Health) on the exposure draft of the Principles for Data Collection document. The revised draft was exposed on October 15, 2021, with comments due November 15. (November 15, 2021)
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. (November 12, 2021)
The Medicaid Committee released an issue paper, Considerations for Reflecting the Impact of COVID-19 in Medicaid Managed Care Plan Rate Setting, which explores key components of rate setting during or shortly after the COVID-19 pandemic, including data, assumptions and adjustments, risk mitigation, and communication. (November 12, 2021)
The Committee on Professional Responsibility has released a new discussion paper. Explaining Professionalism to Principals is intended to help actuaries think proactively about professionalism and how to explain its importance to the work they do. (November 10, 2021)
A Life Practice Council task force submitted comments to the Actuarial Standards Board (ASB) on the exposure draft of ASOP No. 24, Compliance with the NAIC Life Insurance Illustrations Model Regulation. (November 09, 2021)
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. (November 05, 2021)
The Health Equity Work Group sent a comment letter to the NAIC’s Special (EX) Committee on Race and Insurance – Workstream 5 (Health) on the exposure draft of the White Paper on Provider Network outline. (November 05, 2021)
In the November/December issue of Contingencies, the cover feature story “The Great Hunt” tells the fascinating tale about how early actuaries learned how to price nascent automobile risk. Also in the issue, “Using Data for Good” tells how published mortality data can provide a settlement annuitant with valuable information in a factoring negotiation; and the appropriately named “An Adventure” is an original work of fiction by our actuarial author, Leo Apilash. Plus, a President’s Message from Academy President Tom Campbell on rising to the challenge, a Tradecraft selection on the Academy’s new 80% pension funding myth issue brief, and an Up to Code article on where, exactly, you practice. (November 01, 2021)
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. (October 29, 2021)
The October Actuarial Update previews the Academy’s 2021 Annual Meeting and Public Policy Forum, to be held Nov. 4–5 as a hybrid event. It will feature high-profile speakers, cover timely practice-area and professionalism topics, include presentation of the Academy’s annual service awards and presidential transition, and offer opportunities for continuing education. Also in the issue: the Health Equity Work Group issued a request for information, with comments due in mid-January; new appointments to the Actuarial Standards Board and the Actuarial Board for Counseling and Discipline; a new “Actuary Voices” podcast episode features Cande Olsen, recipient of this year’s Jarvis Farley Service Award; the Academy hosted a successful PBR Boot Camp mini-seminar; and the “Professionalism Counts” column looks at “ASOP Language—What’s Behind Some Recent Modifications?” (October 29, 2021)
The American Academy of Actuaries created a Health Equity Work Group (HEWG) with a goal of contributing to efforts to reduce health disparities and improve health equity among racial and ethnic minority populations and underserved or under-resourced communities.
The HEWG is issuing a request for information (RFI) to solicit input to its work assessing whether and how health actuarial practices and methods affect health disparities. Health actuaries often partner with other professionals in many different aspects of the health care and health insurance systems, including those related to administration, financing, and care management. The HEWG has identified four areas in which health actuaries are involved that may affect health disparities, either by contributing to disparities or by mitigating disparities: health insurance benefit design, provider contracting and network development, premium pricing, and managing population risk. The work group is also exploring data collection issues. More information about the HEWG’s work and its publications thus far is available here.
Learn more about the RFI here. Comments should be submitted by Jan. 14, 2022, via email to healthequityRFI@actuary.org. Please include the phrase “HEWG Request for Information” in the subject line and do not password-protect any attachments. Comments may be sent via conventional mail to: Health Equity Work Group, American Academy of Actuaries, 1850 M Street NW Suite 300, Washington, DC 20036. (October 29, 2021)
