The Pension Committee published Working With Auditors of Pension and OPEB Plans, a practice note providing actuaries with insights on engaging productively with auditors. (December 11, 2019)
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 06, 2019)
Donna Claire, Chairperson of the PBR Governance Work Group, gave an update on the development of Academy PBR resources to the Life Actuarial (A) Task Force at the NAIC 2019 Fall National Meeting. (December 05, 2019)
The Life Reserves Work Group gave an update on PBR treatment for individually underwritten group insurance to the Life Actuarial (A) Task Force at the NAIC 2019 Fall National Meeting. (December 05, 2019)
Marianne Purushotham, Chairperson of the Life Experience Committee Life Mortality Improvement Subgroup, gave an update on mortality improvement scale methodology to the Life Actuarial (A) Task Force at the NAIC 2019 Fall National Meeting. (December 05, 2019)
Chris Conrad, Chairperson of the SVL Interest Rate Modernization Work Group, gave an update on Non-SPIA Valuation Rates to the Life Actuarial (A) Task Force at the NAIC 2019 Fall National Meeting. (December 05, 2019)
Ben Slutsker, Chairperson of the Annuity Reserves Work Group, and John R. Miller, Vice Chairperson, gave an update on preliminary framework elements for non-variable annuity PBR to the Life Actuarial (A) Task Force at the NAIC 2019 Fall National Meeting. (December 05, 2019)
Jason Kehrberg, Chairperson of the YRT Field Test Project Oversight Work Group, gave an update on the YRT Field Test Timeline to the Life Actuarial (A) Task Force at the NAIC 2019 Fall National Meeting. (December 05, 2019)
The P/C Extreme Events and Property Lines Committee presented a report on the Academy’s issue paper Wildfire: Lessons Learned from the 2017-2018 California Events to the NAIC’s P/C RBC Catastrophe Risk Subgroup. They also updated the NAIC on the Actuaries Climate Index. (December 06, 2019)
The Life Illustrations Work Group sent a comment letter to the NAIC Life Actuarial (A) Task Force addressing their questions on illustrations of Indexed Universal Life (IUL) insurance policies under Actuarial Guideline 49. (December 04, 2019)
The November Actuarial Update covers all aspects of the Academy’s Annual Meeting and Public Policy Forum held earlier this month in Washington, including keynote and plenary sessions, practice-area breakout sessions, presidential and officer transitions, and presentation of the Academy’s annual service awards. Also covered, the Life and Health Qualifications Seminar, and the “Professionalism Counts” column on seeking help from the ABCD. (November 22, 2019)
The Actuaries Climate Index has been updated with data through spring 2019. For the fifth consecutive quarter, the index’s five-year moving average has set a new high; five-year averages for three ACI components hit new highs as well. Read the news release. (November 22, 2019)
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 22, 2019)
Facing a professionalism conundrum? The experts at the Actuarial Board for Counseling and Discipline are here to help actuaries with requests for guidance—formal or informal—and much more. (Actuarial Update, November 2019) (November 22, 2019)
The Longevity Risk Task Force sent a cover letter outlining sample changes to the risk-based capital (RBC) blanks for implementing longevity C-2 factors. (November 22, 2019)
