The Casualty Practice Council sent a comment letter to the U.S. House of Representatives Financial Services Committee on a proposed Pandemic Risk Reinsurance Program. Read the Academy news release. (May 12, 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 08, 2020)
The Life Illustrations Work Group sent a letter to the NAIC IUL Illustration (A) Subgroup regarding the illustrations of Indexed Universal Life (IUL) insurance policies under Actuarial Guideline XLIX (AG 49), and the American Council of Life Insurers proposal for AG 49-A. (May 08, 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 01, 2020)
In the May/June issue of Contingencies, the cover story, “Look Before You Leap,” investigates the persistent and arcane problem of leap seconds and what might be done about them. Other features include “Social Determinants of Health”—a timely look given the current world situation at how we might move toward a more holistic view of wellness; “It’s an Opioid World”—nations’ challenges, and successes, in the fight against opioid addiction; “Checking the Odometer on AVs”—checking in on the road to completely autonomous vehicles, and what they will mean for the future of insurance Also, Academy President D. Joeff Williams’ President’s Message on how the Academy adapts to changes over time; seeking truth in the shades of gray in “Up to Code”; and a Tradecraft piece about enterprise risk management and captives. (May 01, 2020)
The Academy’s first professionalism webinar of 2020 offered cross-practice context focused on the newest actuarial standard of practice (ASOP)—ASOP No. 56, Modeling. Featuring former members of the Actuarial Standards Board as well as speakers from the task force that drafted the standard, the webinar examined the scope of the standard, what constitutes a model, and the fundamental guidance given by the standard. (Actuarial Update, April 2020) (April 30, 2020)
With conferences and other in-person events canceled across the country due to the ongoing COVID-19 pandemic, the Academy offers many opportunities to earn relevant continuing education (CE) to fulfill your professionalism obligations, which are so important to maintaining the public’s trust in our profession. (Actuarial Update, April 2020) (April 30, 2020)
The April Actuarial Update covers the Academy’s four April webinars held during a time of social distancing and remote learning—including a professionalism webinar on the new modeling ASOP, and a cross-practice webinar on the impacts of the COVID-19 pandemic—that provided diverse opportunities for “organized” continuing education (CE) credit. Also, the Academy released The Record, covering our 2019 activity; the “Member Spotlight” interviews Risk Management and Financial Reporting Council Vice President Gareth Kennedy; and the “Professionalism Counts” column looks at the Academy’s many online CE opportunities. (April 30, 2020)
The Medicare Subcommittee released an issue brief on the fundamental long-range financing challenges facing the Medicare program. Read the news release. (April 28, 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. (April 24, 2020)
The Spring Life Perspectives covers a new principle-based reserve (PBR) public policy practice note. Also in the issue, a life task force commented on an exposure draft of Actuarial Standard of Practice (ASOP) No. 11, the NAIC released PBR guidance, Academy life groups commented to NAIC, and recent state and federal life-practice legislative and regulatory activity. (April 24, 2020)
The Life Practice Council sent a comment letter to the Actuarial Standards Board on the proposed revision of Actuarial Standard of Practice (ASOP) No. 11, Reinsurance Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports. (April 21, 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. (April 17, 2020)
The Life Valuation Committee's Principle-Based Reserve (PBR) Review Procedures Work Group released a public policy practice note, Common Practices of Examining Actuaries Involved in Statutory Financial Solvency Examinations of Life and Health Insurers, Including Considerations for Principle-Based Reserves. (April 17, 2020)
The Spring HealthCheck—the first edition of the 10-year-old publication as a quarterly—covers the Academy’s new webpage of coronavirus pandemic resources, as well the recently published “FAQs on COVID-19 and Its Effects on Health Spending and Health Insurance,” both of which are being continually updated. Also in the issue, Academy health volunteers visited federal lawmakers and policymakers in their annual “Hill visits” in late February; an early look at the Academy’s Annual Meeting and Public Policy Forum; and legislative and regulatory updates, including recently passed laws related to the ongoing pandemic. (April 15, 2020)
