The Life Illustrations Work Group sent a comment letter to the NAIC Life Actuarial (A) Task Force regarding the illustrations of Indexed Universal Life (IUL) insurance policies under Actuarial Guideline 49 and the ACLI Redline of AG 49A.  (June 15, 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. (June 12, 2020)

The Annuity Reserves Work Group gave an update to the NAIC VM-22 (A) Subgroup on the preliminary framework elements for fixed annuity PBR.  (June 11, 2020)

The Committee on Property and Liability Financial Reporting has issued a set of questions and answers regarding the impact of the coronavirus pandemic on P/C financial reporting.(Note: This document has been superceded by a second edition, published in January 2021.) (June 11, 2020)

The Academy published an issue brief examining the potential impact of the SECURE Act on retirement security, which was developed by Senior Pension Fellow Linda K. Stone in conjunction with the chairperson and members of the Retirement System Assessment and Policy Committee and the co-chairpersons of the Lifetime Income Risk Joint Committee. (June 10, 2020)

Individual and Small Group Markets Committee issue brief outlining the major factors driving premium changes for the next plan year.  This year’s issue brief focuses primarily on the impact of COVID-19 on the 2021 premium rate filings. (June 09, 2020)

We want to take a moment to mark the protests that have taken place since the murder of George Floyd in Minneapolis. Combined with the disparity in how COVID-19 has affected communities of color, recent events reflect poorly on our country’s commitment to equality for all. The Academy stands resolutely with those who value equality and inclusion, both within the profession and in society at large. We condemn racism and encourage our members to stand up for equal justice for all, and to oppose all forms of racism, discrimination, and bias whenever you encounter them.

D. Joeff Williams, President (June 05, 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. (June 05, 2020)

The Cyber Risk Task Force sent comments to the Government Accountability Office regarding cyber-attacks and the Terrorism Risk Insurance Act. (June 01, 2020)

The Academy updated the Essential Elements report, "Plugging Holes in U.S. Flood Insurance," which looks at challenges related to the National Flood Insurance Program, which is scheduled to expire on Sept. 30 unless Congress extends or reauthorizes it. (June 01, 2020)

The spring issue of The Retirement Report covers the Academy’s recently concluded three-part webinar series on retirement in America. Also in the issue, pension aspects from the cross-practice COVID-19 webinar; comments from the Pension Practice Council on the House-passed HEROES Act; three issue briefs from pension committees; Past Pension VP Josh Shapiro spoke at an ERISA multiemployer forum; and recent state and federal legislative and regulatory activity. (June 01, 2020)

Because clients, employers, and the public rely on the work of actuaries, actuaries must hold themselves to high standards of conduct. (Actuarial Update, May 2020) (May 29, 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. (May 29, 2020)

The May Actuarial Update covers the Nominating Committee’s selection of Maryellen Coggins as the Academy’s next president-elect. Coggins’ extensive Academy volunteer service has included six years on the Actuarial Standards Board (including two as chairperson), and vice president, risk management and financial reporting. Also in the issue: nominations are open—with a June 26 deadline—for the Academy’s annual service and volunteerism awards; practice-area breakout sessions are set for the Annual Meeting and Public Policy Forum in November; Academy leadership commented to the NAIC on P/C Statements of Actuarial Opinion; the “Member Spotlight” features an interview with Audrey Halvorson, the Academy’s vice president, health; and the “Professionalism Counts” column looks at Precept 1 of the Code of Professional Conduct—honesty, integrity, and competence. (May 29, 2020)

The C-2 Longevity Risk Work Group sent a comment letter and supplemental materials to the NAIC Life Risk-Based Capital (E) Working Group on suggested edits to the RBC forms and instructions for C-2b longevity risk.  (May 29, 2020)