The fall issue of The Retirement Report covers retirement presentations from the Academy’s Annual Meeting and Public Policy Forum, including plenary sessions; and recent legislative and regulatory activity. (November 28, 2018)
The Non-Guaranteed Elements Work Group submitted a comment letter outlining their proposal for a NAIC life insurance online guide landing page. (November 27, 2018)
Long-Term Care Valuations Work Group chairperson, Warren Jones, presented an update to the NAIC's Long-Term Care Actuarial Working Group on the progress of the groups activities. (November 13, 2018)
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 15, 2018)
The Retirement System Assessment and Policy Committee submitted a comment letter to Congress on the Retirement Enhancement and Savings Act of 2018. (November 15, 2018)
The Academy published a new Essential Elements paper, Big Data, Big Changes for Insurance and Pensions, highlighting the opportunities and challenges that rapidly evolving advancements in data analysis and storage pose for insurers, consumers, and regulators. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences. (November 14, 2018)
The November HealthCheck recaps health highlights from the Academy’s Annual Meeting and Public Policy Forum, including a reference pricing session that was livestreamed (and is available for replay) on the Academy’s Facebook page. Also in this issue: the Life and Health Qualifications Seminar; health-related Election Day ballot measures in several states; and recent state and federal legislative and regulatory activity. (November 14, 2018)
The Academy’s election vendor, Intelliscan, has provided the official results of the online and mailed votes cast by eligible members on two proposed changes to the Academy Bylaws. Proposal 1, a change recommended by the Academy Board of Directors, won a majority of votes but not the two-thirds supermajority required to be incorporated into our bylaws. Proposal 2, initiated by petition, was decisively voted down with 57.99 percent of votes against it. Read the member update. (November 11, 2018)
The SVL Interest Rate Modernization Work Group provided an update to the Life Actuarial (A) Task Force on the modernizing the process of setting valuation interest rates for all non-variable annuities. (November 13, 2018)
The PBR Governance Work Group provided an update to the Life Actuarial (A) Task Force on the Academy’s involvement with principle-based reserves. (November 13, 2018)
The Reinsurance Work Group gave a presentation to the Life Actuarial (A) Task Force on potential issues relating to VM-20 Credit for Reinsurance. (November 12, 2018)
The Annuity Reserves Work Group provided an update to the Life Actuarial (A) Task Force on their recommended changes to VM-22. (November 12, 2018)
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 08, 2018)
Academy Past President Mary D. Miller sent comments to the NAIC on CASTF’s draft 3-year experience proposal. (November 07, 2018)
A letter from nine Academy presidents urges members to vote “Yes” on Proposal 1 and “No” on Proposal 2 in the Academy bylaws election now underway. The deadline to vote is this Friday, Nov. 9. Citing their decades-long experience on the Academy Board and as volunteers, they write, “We understand the very distinct and different position that the Academy has in the U.S. actuarial profession. The Academy needs your vote on these proposals to protect its independent voice.” Read their letter here and get more background information here. (November 05, 2018)
