The SVL Interest Rate Modernization Work Group gave an update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting. (August 01, 2019)
The ARWG provided an update on its work on fixed annuity PBR to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting. (August 01, 2019)
The July Actuarial Update reports on the Academy’s adoption of a new international strategy, which will allow the Academy to more effectively focus on achieving direct representation of the U.S. actuarial profession with those organizations that are of most interest for U.S. practice. Also in the issue: the two-week online election of Academy regular directors begins Aug. 8; Pennsylvania Insurance Commissioner Jessica Altman will give a plenary address at the Annual Meeting and Public Policy Forum; a professionalism webinar on Big Data issues; and the “Professionalism Counts” column, on Precept 13. (July 31, 2019)
The Health Practice Council submitted comments in response to the Actuarial Standards Board’s (ASB) second exposure draft of a proposed actuarial standard of practice (ASOP) titled Setting Assumptions. (July 31, 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. (July 26, 2019)
The Summer Life Perspectives includes a Q&A with Life Illustrations Work Group Chairperson Donna Megregian on comments to the NAIC regarding Indexed Universal Life (IUL) products under Actuarial Guideline XLIX. Also in the issue, an overview of life sessions at the upcoming Annual Meeting and Public Policy Forum, Life Practice Council comments to the NAIC, and recent legislative and regulatory activity. (July 25, 2019)
Academy President Shawna Ackerman submitted comments to the NAIC's Blanks Working Group, regarding proposed changes in required qualifications for casualty actuaries filing statements of actuarial opinion. (July 25, 2019)
The Academy hosted a briefing, featuring vice president for pension issues, Josh Shapiro, and expert panelists from the Multiemployer Plans Committee, to provide essential background on the multiemployer pension crisis and its current state. This briefing is the second in the Academy’s “Multiemployer Pension Crisis: A 360-Degree Look at the Issue and Potential Reforms” briefing series, which is intended to equip attendees with a solid foundation of the past, present, and potential future of multiemployer pension plans. (July 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. (July 19, 2019)
The Long-Term Care (LTC) Combination Product Valuation Work Group finalized the LTC Combination Product Valuation Practice Note to provide information to actuaries on current and emerging practices in which their peers are engaged with respect to the considerations in the statutory, Generally Accepted Accounting Principles (GAAP) and tax valuation of long-term care combination products. (December 02, 2019)
The Medicaid Subcommittee sent comments on the May 15, 2019 CMCS Informational Bulletin (CIB) titled Medical Loss Ratio (MLR) Requirements Related to Third-Party Vendors seeking additional clarification. (July 17, 2019)
The American Academy of Actuaries is the national association for actuaries practicing in the U.S. Our mission is to serve the U.S. public on behalf of the profession. Of course, in an increasingly global world, international developments can affect our work at home. That’s why the Academy has long been actively engaged on international issues when they directly affect actuarial practice within the U.S. Read more… (July 17, 2019)
The Life Practice Council submitted a comment letter to the Actuarial Standards Board on proposed revisions to ASOP No. 2, Nonguaranteed Elements for Life Insurance and Annuity Products. (July 15, 2019)
The Academy hosted a briefing, featuring expert panelists from the Multiemployer Plans Committee, to provide essential background on the multiemployer pension crisis and its current state. This briefing is the first in the Academy’s “Multiemployer Pension Crisis: A 360-Degree Look at the Issue and Potential Reforms” briefing series, which is intended to equip attendees with a solid foundation of the past, present, and potential future of multiemployer pension plans. (July 15, 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. (July 12, 2019)
