The ERM/ORSA Committee submitted comments to the International Association of Insurance Supervisors' (IAIS) Issues Paper on the Implementation of the Recommendations of the Task Force on Climate-Related Financial Disclosures ("TCFD Recommendations"). (February 05, 2020)
The Actuarial Standards Board released the new Actuarial Standard of Practice (ASOP) No. 56, Modeling. This new ASOP applies to all practice areas and will be effective for work performed on or after Oct. 1, 2020. (Actuarial Update, January 2020) (January 31, 2020)
Just in time for the start of the 2020 election cycle, the January Actuarial Update includes the Academy’s “2020 Making Issues Count” election guides, offering voters information on key issues of interest including health insurance, Social Security, and more. Also in the issue: The Actuaries Climate Risk Index provides results associating dollar estimates of property losses in the United States with changes in extreme weather; Academy representatives attended Canada’s Actuarial Students National Association annual convention; the latest “Actuary Voices” podcast episode is the second part of an interview with Past President Tom Wildsmith; and the “Professionalism Counts” column looks at the new Actuarial Standard of Practice No. 56, Modeling. (January 31, 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. (January 31, 2020)
Ahead of the State of the Union address on Tuesday, Feb. 4, the Academy highlighted the financial risks and challenges facing federal programs such as Social Security, Medicare, and the National Flood Insurance Program to public policymakers. “As experts in the analysis of risk, actuaries have a unique perspective on and role in providing policymakers with an objective understanding of the options to address risks to financial programs and systems that millions of Americans rely on for health care, retirement and lifetime income, and after extreme weather and natural disasters strike,” said Academy President D. Joeff Williams. Read the news release. (January 31, 2020)
The Winter Life Perspectives takes a look at the recently released Principle-Based Approach Projections Practice Note, and includes a deep-dive Q&A with PBA Projections Practice Note Work Group Chairperson Ben Slutsker. Also in the issue, recaps of the Academy’s life presentations at the NAIC Fall National Meeting, Academy Annual Meeting and Public Policy life sessions, and a legislative/regulatory update. (January 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. (January 24, 2020)
The Solvency Committee submitted comments to the International Association of Insurance Supervisors (IAIS) regarding IAIS's Draft Application Paper on Liquidity Risk Management. (January 23, 2020)
The Longevity Risk Task Force sent a comment letter on the proposed longevity risk charge to the NAIC Life Risk-Based Capital (E) Working Group. (January 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. (January 17, 2020)
Ahead of next month’s Iowa caucuses, the Academy published 2020 Making Issues Count, a nonpartisan guide offering voters background information on six issues areas in which actuaries have expertise: Social Security; Medicare and Medicaid; health insurance coverage; lifetime income and retirement risk; climate risk; and long-term care. Read the news release. (January 17, 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. (January 10, 2020)
The Intersector Group released the notes of its November 2019 meeting with the Pension Benefit Guaranty Corporation. (January 09, 2020)
The Intersector Group released the notes of its November 2019 meeting with the Treasury Department and Internal Revenue Service. (January 09, 2020)
The January HealthCheck covers the Risk Sharing Subcommittee’s comment letter regarding the Department of Health and Human Services’ white paper on risk adjustment validation (RADV). Also, legislative/judicial/regulatory developments on the Affordable Care Act, and a draft proposed federal rule that would allow states to import some prescription drugs from Canada. (January 09, 2020)
