A new issue brief developed by the Academy’s Retirement System Assessment and Policy Committee explores the concept of a national retirement policy, including the potential benefits of such a policy and the various topics that it might address. Read the news release. (July 11, 2019)
With close to 20,000 members, the Academy appreciates the active participation of more than 1,000 volunteers from every practice area who lend their skill, knowledge, and experience to the Academy’s work on public policy issues and professionalism. All members are being invited to complete the Academy’s Annual Volunteer Survey via individual email. The survey is also available in the members-only section of the Academy website through Friday, July 26. (July 11, 2019)
The July HealthCheck covers the Individual and Small Group Markets Committee’s recent issue brief on 2020 health insurance premium drivers; several Health Practice Council committees’ joint presentation at the Society of Actuaries Health Meeting in Phoenix; a new Essential Elements paper on high-performance networks; and legislative and regulatory activity including oral arguments on the Texas v. Azar case regarding the Affordable Care Act. (July 10, 2019)
The Life Practice Council submitted a comment letter to the Actuarial Standards Board, outlining its recommendations on the second exposure draft of the proposed actuarial standard of practice, Setting Assumptions. (July 08, 2019)
The CECL Work Group released a white paper on estimating the uncollectible reinsurance reserve for P&C companies. (July 02, 2019)
Actuaries practicing in the United States must complete 30 hours of relevant continuing education (CE) each year to satisfy the requirements of the U.S. Qualification Standards (USQS). As we hit the middle of the year, we encourage you to take stock of the CE you’ve earned so far and make sure that it has been properly recorded. (Actuarial Update, June 2019) (June 28, 2019)
The Academy's Casualty Practice Council has submitted comments to the Actuarial Standards Board, regarding the proposed ASOP on Setting Assumptions. (July 01, 2019)
The June Actuarial Update outlines the practice-area breakout sessions planned for the Academy’s Annual Meeting and Public Policy Forum in November. Also in this issue, the Academy announced the Nominating Committee’s 2019 slate of officer and regular director nominees; an issue brief on 2020 health insurance premium drivers; and the “Professionalism Counts” column covers the proper documentation of continuing education compliance. (June 28, 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. (June 28, 2019)
The Life Illustrations Work Group submitted a comment letter to the NAIC in response to questions on illustrations of Indexed Universal Life products under Actuarial Guideline 49. (June 28, 2019)
The Life Illustrations Work Group sent a comment letter to the NAIC IUL Illustration (A) Subgroup regarding the illustrations of Indexed Universal Life products under Actuarial Guideline 49. (June 27, 2019)
The Individual and Small Group Markets Committee published an issue brief outlining the major drivers behind why 2020 premiums could differ from those in 2019. The brief focuses primarily on the individual market, yet many of the factors discussed are also relevant to the small group market. Read the news release. (June 27, 2019)
The Individual and Small Groups Committee, the Medicaid Subcommittee, and the Medicare Subcommittee gave a joint presentation at the SOA Health Meeting that reviewed the proliferation of proposals to expand access to public health insurance plans, either to strengthen insurance markets under the Affordable Care Act (ACA), or to replace ACA marketplaces or other health insurance programs altogether. Panelists discussed general approaches for expanding access to public plans and their potential implications. (June 25, 2019)
The Individual and Small Groups Market Committee gave a presentation at the SOA Health Meeting providing an overview of the challenges that the Affordable Care Act (ACA) has faced since its enactment in 2010, and looking forward to where it’s headed in the future. Panelists discussed current ACA legislative and regulatory activities, as well as ongoing ACA litigation. (June 24, 2019)
The Summer Casualty Quarterly includes a Q&A with Automobile Insurance Committee Chairperson Roosevelt Mosley on the timely topic of distracted driving. Also covered: the P/C Extreme Events and Property Lines Committee’s new wildfire issue paper; Academy representatives presented at the NAIC Insurance Summit in June; the Academy urged the NAIC to reconsider its definition for “qualified actuary”; and recent state and federal legislative and regulatory activity. (June 25, 2019)
