A new issue brief produced by the Individual and Small Group Markets Committee, Drivers of 2019 Health Insurance Premium Changes, provides an overview of the general factors underlying premium rate setting and highlights the major components driving premium changes for 2019. Read the news release. (June 12, 2018)
The Life Reserves Work Group submitted a revised APF on the Aggregation of Mortality Segments in response to comments received on their original version of the APF. (June 10, 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. (June 07, 2018)
Ted Goldman, Senior Pension Fellow, responded to questions for the record from the Joint Select Committee on Solvency of Multiemployer Pension Plans April 18 hearing on “The History and Structure of the Multiemployer Pension System.” (June 06, 2018)
The Life Operational Risk Work Group submitted a comment letter to the NAIC Operational Risk (E) Subgroup on incorporating prospective operational risk growth charge into the life Risk-Based Capital formula. (June 05, 2018)
The RBC Tax Reform Work Group submitted its third comment letter to the NAIC Risk-Based Capital Working Group on the impact of tax reform on life RBC calculations. (June 05, 2018)
The Academy released the monograph, Big Data and the Role of the Actuary, at the International Congress of Actuaries meeting in Berlin on June 5. The monograph examines how Big Data is providing actuaries with powerful new analytical tools and opportunities to work on Big Data projects, Academy Past President and Big Data Task Force Chairperson Bob Beuerlein told ICA attendees. Read the news release.
Interested in learning more? Join us on Nov. 1 and 2 for the Academy’s 2018 Annual Meeting and Public Policy Forum, which will feature a plenary session that will look at the evolution and implications of Big Data. Visit the event website for more information about the agenda and how to register. (June 04, 2018)The Life Reserves Work Group submitted an APF which seeks to revise the approach in VM-20 to determine the credited rate for index accounts in the calculation of the Deterministic Reserve (DR). (May 31, 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. (May 31, 2018)
In the May Actuarial Update, read about the Academy’s new voter guides, offering expertise on a range of issues heading into the fall elections. Also covered: session topics are taking shape for the Academy’s Annual Meeting and Public Policy Forum in November, and the Nov. 1 dinner will feature a murder-mystery “Whodunit” as entertainment; June Academy webinars will focus on the Code of Professional Conduct and at property/casualty insurance-related risk; and the “Professionalism Counts” column by Committee on Qualifications Chairperson Andrea Sweeny looks at statements of actuarial opinion. (May 31, 2018)
The inaugural edition of The Retirement Report, the Academy’s newest quarterly publication, covers the Academy’s testimony to a joint congressional committee on multiemployer plans issues, the Capitol Hill lifetime income briefing, coverage of plenary and breakout sessions from the Enrolled Actuaries Meeting, and legislative and regulatory updates. (May 31, 2018)
The Life Products Committee submitted a comment letter to the NAIC Life Actuarial (A) Task Force on the exposed Actuarial Guideline, Application of Section 6 of the Standard Nonforfeiture Law for Individual Deferred Annuities Model 805. (May 28, 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. (May 24, 2018)
The Financial Reporting Committee submitted comments to the Actuarial Standards Board for consideration on the International Actuarial Association's International Standard of Actuarial Practice 4—IFRS 17 Insurance Contracts exposure draft. (May 24, 2018)
The Academy is providing voters with access through Election Day to nonpartisan, expert analysis of key financial security and financial risk issues through new, user-friendly guides available on our “2018: Making Issues Count” website. Read the news release. (May 23, 2018)
