The Health Practice Council developed answers to several FAQs discussing the pandemic’s potential effects on health care spending and insurance as insurers develop premiums for 2021. Read the news release. (March 24, 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. (March 20, 2020)

The Spring Casualty Quarterly covers the new Actuaries Climate Risk Index, released in January, and includes an interview with Steve Jackson, the Academy’s assistant director for research (public policy), about several of the index’s key findings. Also in the issue, the Actuaries Climate Index’s five-year moving average reached a new high for the sixth consecutive quarter; Academy P/C representatives met with federal officials on key issues; and recent state and federal legislative and regulatory activity. (March 19, 2020)

The Health Solvency Subcommittee submitted a response letter to the NAIC Health Risk-Based Capital (HRBC) Working Group for its request to provide the health bond factors over a range of additional time horizons—spanning one to five years.  (March 18, 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. (March 13, 2020)

The Committee on Property and Liability Financial Reporting submitted comments on the CAS/SOA proposed new form for P/C Appointed Actuaries to report their continuing education activities. (March 11, 2020)

The Pension Committee submitted a comment letter to the Internal Revenue Service on updated mortality improvement rates and static mortality tables for defined benefit pension plans for 2021. (March 10, 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. (March 06, 2020)

In the March/April issue of Contingencies, the cover story, “Crowdsourcing Medicine,” investigates what happens when more people—even those without medical training—lend a hand with diagnosis and other aspects of medicine. Other features include “To the Summit,” which looks at how mountaineering and actuarial science overlap; “Underwriting 2.0,” on how Big Data and other elements of data science can be used to help support risk assessment; and “Russell,” an original work fiction that considers an unlikely relationship set in the present ... and an uncertain future. Plus, D. Joeff Williams’s President’s Message on how the Academy builds on the past; all about actuarial assumptions in “Up to Code”; and a Job Seeker special: 20 commandments any applicant should consider. (March 02, 2020)

As it did five years ago, the United States Department of Labor (DOL) has asked for the Academy’s help to update the DOL’s database of occupational requirements to be an actuary. The DOL is looking for Academy members currently living and working as actuary in the United States with five or more years’ experience to participate in providing information that will be used to identify the description of “actuary” for the O*NET Data Collection Program. Read more. (March 04, 2020)

Most of the time, actuaries know which standards of practice apply to their work. Precept 3 of the Code of Professional Conduct requires actuaries to ensure that the actuarial services they perform satisfy applicable standards of practice. (Actuarial Update, February 2020) (February 28, 2020)

Comments of the Individual and Small Group Markets Committee and Risk Sharing Subcommittee on the proposed rule for the 2020 Notice of Benefit and Payment Parameters (NBPP). (March 02, 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. (February 28, 2020)

The February Actuarial Update covers the Health Practice Council volunteers’ annual visit to Capitol Hill in Washington to meet with federal lawmakers and policymakers to discuss key health issues. Also in this issue: It’s time once again to share your recommendations for Academy regular directors; a reminder to Academy volunteers to submit your COI/CE acknowledgments; the Academy welcomed 345 new members in the second half of 2019; and the “Professionalism Counts” column on Precept 3 of the Code of Professional Conduct. (February 28, 2020)

The Committee on Property and Liability Financial Reporting sent a comment letter to the NAIC's Statutory Accounting Principles Working Group, responding to questions about their previous comments on the financial reporting of certain retroactive reinsurance transactions.  (February 28, 2020)