The Life Underwriting and Risk Classification Work Group submitted comments to the NAIC’s Accelerated Underwriting (A) Working Group on its paper summarizing the output of the working group’s recommendations and assessment to understand the current state of the life insurance industry and its use of accelerated underwriting.
A Life Practice Council ad-hoc task force submitted comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on a proposed actuarial guideline (AG) regarding asset adequacy testing.
The Variable Annuity Reserves and Capital Work Group (VARCWG) submitted comments to LATF on amendment proposal form (APF) 2021-11 regarding the proposed assumption disclosure requirements in VM-31.
Casualty Vice President Lauren Cavanaugh presented to the NAIC’s Special Committee on Race and Insurance (SCORI) Workstream 3 (Property and Casualty) on behalf of the Academy’s Racial Equity Task Force (RETF) on the work RETF has completed and is currently doing; she also provided comments to SCORI Workstream 3 on proxy discrimination and disproportionate impact.
The latest Contingencies web exclusive—“What the Hack?”—explores cyber risk, cybercrime, and cybersecurity, addressing the current state of play of the cyber threat landscape and how insurers are keeping up with ever-evolving capabilities of motivated hackers—and the role actuaries play in pricing and mitigating threats. Also, be sure to listen to the interview with Norman Niami, chairperson of the Academy’s Cyber Risk Task Force, who offers his on-the-ground perspectives on this timely topic.
The November Actuarial Update supplement covers all aspects of the Academy’s successful Annual Meeting and Public Policy Forum, which was held Nov. 4–5 in the nation’s capital as a hybrid event.
The November Actuarial Update covers the revised Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (USQS), which will replace the existing qualification standards as of Jan. 1.
The Long-Term Care Valuation Work Group presented results of the Long-Term Care Insurance Mortality and Lapse Study to the National Association of Insurance Commissioners (NAIC) Health Actuarial (B) Task Force.
Academy Health Practice Council (HPC) Vice Chairperson, Barb Klever, provided an update on the 2021 HPC activities to the National Association of Insurance Commissioners (NAIC) Health Actuarial (B) Task Force.
The Risk Sharing Subcommittee submitted comments to the Centers for Medicare & Medicaid Services (CMS) Center for Consumer Information and Insurance Oversight (CCIIO) on the HHS-Operated Risk Adjustment Technical Paper on Possible Model Changes, exposed for comment on Oct. 26, 2021.
