Senior Casualty Fellow Kevin Ryan sent a comment letter to the International Association of Insurance Supervisors on their draft paper on climate change risks to the insurance sector. (April 26, 2018)

The RBC Tax Reform Work Group submitted a follow-up letter to the NAIC Life Risk-Based Capital Working Group on additional comments regarding the impact of changes to corporate tax rate on RBC calculations.  (April 23, 2018)

The PBR Model Governance Work Group submitted an amendment proposal form to the NAIC on universal life with secondary guarantees (ULSG) net premium reserve (NPR) lapse rate outlined in VM-20 Section 3.C.  (April 22, 2018)

The seasonal ACI value for summer 2017 dipped to 1.45 from 1.66 in spring 2017, but remained at a high level, while the five-year moving average was unchanged. Read the news release. (April 23, 2018)

The Committee on Property and Liability Financial Reporting released a practice note on retained P/C insurance-related risk. (April 23, 2018)

Ted Goldman, the Academy’s Senior Pension fellow, testified before the Joint Select Committee on Solvency of Multiemployer Pension Plans at a hearing on “The History and Structure of the Multiemployer Pension System.” Watch the full committee hearing here (Goldman’s testimony begins at the 58m 44s mark) and read Goldman’s testimony here. (April 17, 2018)

The Academy hosted a Capitol Hill briefing on lifetime income. The presentation highlighted public policy options and practical tools that can help to secure lifetime incomes for retirees. (April 12, 2018)

The Academy released a quiz on lifetime income that poses questions and answers to help consumers understand the issues and concepts behind planning a sound lifetime income strategy. (April 12, 2018)

The Academy published a new Essential Elements paper, Income to Last a Lifetime, highlighting the challenges that workers face in planning for the risk that they may live longer in retirement than expected, and outlining public policy approaches to help future retirees secure and manage their lifetime income. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences. (April 11, 2018)

The April HealthCheck recaps Academy health presentations from the NAIC Spring 2018 National Meeting. Also covered, the Individual and Small Group Markets Committee sent a comment letter to the Centers for Medicare & Medicaid Services in early April on a proposed federal rule that would lengthen the maximum period of short-term, limited-duration health insurance plans; registration is open for the Academy’s Annual Meeting and Public Policy Forum; and legislative, judicial, and regulatory updates. (April 11, 2018)

More than 2,200 people attended the Academy’s March professionalism webinar, “A Guided Tour of the U.S. Qualification Standards,” which took an in-depth look at issues and commonly raised questions received by the Committee on Qualifications. COQ members Tom Campbell, Keith Passwater, and Hal Tepfer engaged in a lively discussion of the experience requirement, what counts as a statement of actuarial opinion, the “look in the mirror” test, and more. (Actuarial Update, March 2018) (March 30, 2018)

The Academy’s professionalism webinars—typically four per year—offer expertise on a range of professionalism topics across all practice areas, and insight from members of the Committee on Qualifications, Actuarial Standards Board, Actuarial Board for Counseling and Discipline, and other distinguished speakers from Academy boards and committees. (Actuarial Update, March 2018) (March 30, 2018)