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. (May 14, 2021)

The Long-Term Care (LTC) Practice Note Work Group released the Long-Term Care Insurance public policy practice note to provide a source of information to practicing long-term care (LTC) actuaries seeking to better understand the considerations in evaluating experience, setting assumptions, valuation, and financial reporting. (May 14, 2021)

The Retirement System Assessment and Policy Committee released an issue brief detailing considerations employers might take in determining whether to participate in a PEP or select a provider. (May 14, 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. (May 07, 2021)

The Financial Reporting and Solvency Committee sent a comment letter to the National Association of Insurance Commissioners (NAIC) Health Actuarial (B) Task Force regarding the definition of “actuarial assets” in the revised proposed instructions for the Health Statement of Actuarial Opinion. (May 07, 2021)

The May/June Contingencies leans in with a focus on infrastructure. The cover feature story, “Our Nation’s Neglected Infrastructure,” grades the current state of U.S. infrastructure—while some improvement has occurred in recent years, more work remains to be done. And get ready to go vertical in “What’s in Your Airspace?”—the skies are about to get a lot more crowded. Plus, a President’s Message from Academy President Tom Campbell on how the Academy built and maintains the infrastructure of professionalism that the profession relies on; and an Up to Code piece on following the actuarial standards of practice. (May 03, 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. (April 30, 2021)

The Health Practice Council submitted a comment letter on a revised draft of Colorado Senate Bill 21-169, dated April 21, 2021, aimed to protect consumers from unfair discrimination in insurance practices. This letter follows up on previous Health Practice Council comments on the introduced version of the bill, submitted on March 29, 2021, and again focuses on the potential impact to health insurance. (April 30, 2021)

The April Actuarial Update covers the Health Practice Council’s (HPC) virtual “Hill visits” with federal policymakers to discuss key health public policy issues, and this month’s professionalism webinar on Actuarial Standard of Practice No. 1. Also in the issue, an Academy scalars methodologies research paper was released this month; the “Member Spotlight” column features John Purple, a member of P/C and professionalism committees; the latest “Actuary Voices” podcast features HPC member Julia Lerche; and the “Professionalism Counts” column looks at exercising professional judgment. (April 30, 2021)

Professional judgment is core to an actuary’s work; it comes into play when determining whether an actuary is qualified to take on an assignment, which actuarial standards of practice (ASOPs) to use when performing an assignment, and how to interpret those ASOPs. But the ability to exercise sound professional judgment isn’t magically bestowed when an actuary earns their credential—it is developed over years of training and experience. (April 30, 2021)

The Spring HealthCheck covers the Health Practice Council’s (HPC) virtual “Hill Visits” to federal lawmakers, policymakers, and staff to discuss key health public policy issues and the HPC’s telehealth issue brief; the Health Equity Work Group’s (HEWG) discussion brief on health equity issues and an “Actuary Voices” podcast with HEWG Chairperson Annette James; the Long-Term Care (LTC)/Disability Committee’s issue brief on LTC insurance and COVID-19; and the HPC’s comments to the U.S. Treasury Department on COVID-19, Medicaid, and the Affordable Care Act. (April 28, 2021)

The Health Solvency Subcommittee sent a comment letter in response to a request from the NAIC’s Health Risk-Based Capital (E) Working Group to provide an additional digit within the subcommittee’s summary of the Investment Income Adjusted Health H2 Experience Fluctuation Risk Factors. (April 27, 2021)

David Traugott, Chairperson of the Academy's Property and Casualty Risk Based Capital (P/C RBC) Committee, presented an update on P/C RBC underwriting factors experience to the NAIC's P/C RBC (E) Work Group.  (April 27, 2021)

Ahead of President Biden’s address to a joint session of Congress on April 28, Academy President Tom Campbell noted “The Academy offers technical analysis to policymakers and regulators that is essential to developing and implementing effective public policy to address the new and continuing challenges facing Americans’ financial and retirement security through public programs and insurance and pension protections.”  Read the news release. (April 26, 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. (April 23, 2021)