The PBR Assumptions Resource Manual Work Group released a step-by-step, sample framework for setting, updating, and governing life insurance assumptions for PBR and other valuation frameworks. (January 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. (January 24, 2019)
Academy Senior Property/Casualty Fellow Rich Gibson submitted comments to the NAIC's Casualty Actuarial and Statistical Task Force (CASTF) regarding CASTF’s proposed white paper on Regulatory Review of Predictive Models. (January 21, 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. (January 17, 2019)
The Life Principle-Based Approach Practice Note Work Group released an updated version of the 2017 VM-20 Practice Note to reflect emerging practices and changes to the Valuation Manual since the version effective for 12/31/2018 valuations. (January 16, 2019)
The January HealthCheck covers the Medicaid Subcommittee’s comment letter to the Centers for Medicare & Medicaid Services on a proposed rule that would make changes to Medicaid and the Children’s Health Insurance Program; legislative and regulatory updates, including to the Affordable Care Act; and save-the-date items for the Academy’s Life and Health Qualifications Seminar and Annual Meeting and Public Policy Forum, to be held in November. (January 16, 2019)
The Committee on Property and Liability Financial Reporting (COPLFR) released the Statements of Actuarial Opinion on P/C Loss Reserves practice note. (January 15, 2019)
The Medicaid Subcommittee submitted comments to CMS regarding a proposed rule that would make changes to the Medicaid and CHIP managed care programs. (January 13, 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. (January 10, 2019)
The Role of the Actuary Subroup submitted a comment letter to the NAIC suggesting that the definitions and guidance related to the various forms of actuarial opinion in VM-30 could be clarified. (January 09, 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. (January 03, 2019)
In the January/February issue of Contingencies, the cover story, “The Game Behind the Game,” dives deep into the world of sports strategy and data analytics. Major League Baseball and the National Basketball Association have embraced this data-led revolution—is the National Football League behind the times? Other features in this issue include “Demystifying The Art of War”—No philosophical treatise, this classic offers practical advice for anyone engaged in conflict; and “The Case for the Bank Actuary”—What is “current expected credit loss,” and how can the actuarial profession help shine a light on this new and uncertain terrain? Plus a President’s Message from new Academy President Shawna Ackerman on how the voice of the actuary can continue to be the voice of a trusted adviser; the treasure trove of the Academy’s practice notes; and the latest in a series on managing catastrophic medical claims. (January 02, 2019)
The Life Reserves Work Group submitted a comment letter regarding credited amounts for indexed accounts in the calculation of the Deterministic Reserve (DR), outlined in amendment proposal form (APF) 2018-44 to the Life Actuarial (A) Task Force. (January 01, 2019)
The December Actuarial Update covers Academy webinars on Big Data and professionalism, with the professionalism webinar taking a look at the Actuarial Board for Counseling and Discipline (ABCD) and how to obtain requests for guidance from the ABCD. Also in this issue: registration is open for April’s PBR Boot Camp; the Health Practice Council commented on the federal Medicare Advantage program; and in a Q&A in the “Professionalism Counts” column, outgoing ABCD Chairperson Rick Block reflects on his six years with the ABCD, including two years as chairperson. (December 31, 2018)
The November “Professionalism Counts” column looks at the continuing education (CE) requirements under the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (the USQS) that apply to all actuaries in the U.S. that issue SAOs, and most do. (Actuarial Update, November 2018) (November 29, 2018)
