Read a roundup of the professionalism resources—from publications and webinars to the Actuarial Standards Board and Actuarial Board for Counseling and Discipline—that are available to Academy members at your fingertips. (Actuarial Update, April 2019) (April 30, 2019)
More than 2,000 people attended the Academy’s first professionalism webinar of 2019, “Promoting Ethical Decision-making: Rules, the Human Brain, and Cognitive Biases,” on April 18, at which presenters covered a range of ethical issues and took questions from attendees. (Actuarial Update, April 2019) (April 30, 2019)
The May/June issue of Contingencies—which marks its 30th anniversary—includes a special section about what the magazine has meant for the profession over the years. The cover story, “Unlocking Potential,” explores combination long-term care insurance products and how they might meet the needs of a large—and growing—segment of the population. Other features include “Drilling Down on Drug Prices,” examining the lengthy pharmaceutical development pipeline; and “Taking Stock,” a look back at the golden age of mutual funds. Other pieces include Academy President Shawna Ackerman’s President’s Message about maintaining a resilient profession; communicating clearly with the help of ASOP No. 41; and a humorous Commentary piece, “Tales of a Sixth-Grade Actuary.” (May 01, 2019)
In the April Actuarial Update, Tom Campbell has been nominated to be the next Academy president-elect. Campbell, a life actuary and current Academy secretary-treasurer, has served on the Academy’s Board of Directors and on the Committee on Qualifications; has been vice president, life; and has presented at multiple Academy professionalism forums. Also in this issue, registration is open for the Annual Meeting and Public Policy Forum, to be held Nov. 5–6 in Washington; Brian Jackson was named the Academy’s general counsel and director of professionalism; the Academy’s first professionalism webinar of the year covered ethical decision-making; and Pension Practice Council members visited federal lawmakers and policymakers on Capitol Hill. (April 30, 2019)
The IFRS 17 Work Group submitted comments to the IAA on the exposure draft of IAN 100 on Application of IFRS 17 Insurance Contracts. (April 26, 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. (April 29, 2019)
The Annuity Illustration Work Group submitted a comment letter to the NAIC Annuity Disclosure (A) Working Group on proposed changes to the Annuity Disclosure Model Regulation #245. (April 26, 2019)
The Medicare Subcommittee has released a new issue brief, Medicare’s Financial Condition: Beyond Actuarial Balance. The brief highlights the findings of the annual report to Congress by the Boards of Trustees of the Federal Hospital Insurance (HI) and Supplementary Medical Insurance (SMI) trust funds on Medicare’s financial condition. (April 24, 2019)
The spring Life Perspectives includes a Q&A with Principle-Based Reserves (PBR) Review Procedures Work Group Chairperson Randall Stevenson about an exposure draft of a new PBR-related practice note; the Academy’s life presentations at the NAIC 2019 Spring National Meeting; coverage of the PBR Boot Camp; and recent state and federal legislative, judicial, and regulatory activity. (April 24, 2019)
The Life Practice Council sent a letter to the Life Actuarial (A) Task Force addressing concerns that the NAIC is moving in a direction that would deviate from a principle-based approach for life insurance. (March 19, 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. (April 19, 2019)
The Life Reinsurance Work Group submitted a comment letter to the Life Actuarial (A) Task Force on exposed amendment proposal forms 2019-17 and 2019-24, which pertain to yearly renewable term reinsurance. (April 16, 2019)
The C-2 Work Group provided an update to the Life Risk-Based Capital (E) Working Group at the NAIC Spring 2019 National Meeting. (April 07, 2019)
The Longevity Risk Task Force provided an update on its field study results, key assumptions, and next steps to the Life Risk-Based Capital (E) Working Group at the NAIC Spring 2019 National Meeting. (April 07, 2019)
The PBR Governance Work Group gave an update on Academy PBR involvement to the Life Actuarial (A) Task Force at the NAIC Spring 2019 National Meeting. (April 05, 2019)
