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. (December 04, 2020)
The Life Practice Council's Asset Adequacy Testing Task Force (AATTF) published a discussion paper titled, Asset Adequacy Testing Considerations for Year-End 2020, for the purposes of raising awareness and summarizing actuarial practices for life financial reporting actuaries involved with asset adequacy testing (AAT) and related activities in 2020’s extreme economic environment. (December 04, 2020)
On December 2, 2020, Cori Uccello, the Academy’s Senior Health Fellow, presented on behalf of the Academy’s Health Equity Work Group (HEWG) at the National Association of Insurance Commissioners’ (NAIC’s) Special (EX) Committee on Race and Insurance, Workstream #5 meeting. Written comments by HEWG chairperson Annette James were also submitted to the special committee highlighting the HEWG’s efforts to facilitate solutions to address health disparities. (December 04, 2020)
The Health Practice Council’s Health Equity Work Group submitted comments to the National Association of Insurance Commissioners (NAIC) highlighting their efforts to facilitate solutions to address health disparities. (December 04, 2020)
The Life Practice Council's Vice President, Laura Hanson, presented an update of LPC activities to the Life Actuarial (A) Task Force (LATF) at the NAIC's 2020 Fall National Meeting. (December 03, 2020)
Lauren Cavanaugh, VP-Casualty, submitted written comments to the U.S. House Financial Services Committee regarding proposed legislation to provide federal government backing for coverage of future pandemic events under Business Interruption insurance. (December 02, 2020)
The Life Practice Council’s Task Force to Review ASOP No. 22 submitted comments to the Actuarial Standards Board on the exposure draft of ASOP No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Other Liabilities. (November 30, 2020)
The Social Security Committee released an issue brief discussing the effects of immigration on the finances of the Social Security program. (December 01, 2020)
The Health Practice Council’s Long-Term Care (LTC) Reform Subcommittee Task Force to Review ASOP No. 22 submitted comments to the Actuarial Standards Board on the second exposure draft of the proposed revision of ASOP No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Other Liabilities. (December 01, 2020)
The Actuaries Climate Index has been updated with data for spring 2020, with its key five-year moving average reaching a new high of 1.19. Read the news release. (December 01, 2020)
The November Actuarial Update covers the Academy’s successful Annual Meeting and Policy Forum, held as a virtual event near the end of a momentous year. Stories include Tom Campbell becoming the Academy’s new president; plenary sessions that covered topics such as race and insurance, the ongoing COVID-19 pandemic, political and historical analysis of this year’s elections, and the importance of professionalism in a time of uncertainty; and breakout sessions in the casualty, health, life, and pension practice areas. Also in the issue: at the meeting and forum, the Academy bestowed its annual service awards; the Academy hosted a successful Life and Health Qualifications Seminar, also held as a virtual event; a December professionalism webinar will cover actuarial communications; pension webinars on COVID-19 and capital markets are set for December; and the “Professionalism Counts” column is “Winter Is Coming … Have You Completed Your CE?” (November 30, 2020)
As this unusual year draws to a close it’s time to make sure you are on track to meet the continuing education (CE) requirements of the U.S. Qualification Standards (USQS) by the end of the year. (November 30, 2020)
The Social Security Committee published an issue brief on actuarial assumptions used by the Social Security Administration to make projections for and evaluations of Social Security’s financial condition. (November 23, 2020)
The Financial Reporting Committee and Life Financial Reporting Committee submitted comments to the Financial Accounting Standards Board (FASB) regarding indexing and modco embedded derivatives. (November 23, 2020)
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 20, 2020)
