Academy Releases Research Paper on Scalars Methodologies
The Academy has released an original research paper on scalar methodologies to aggregate capital requirements across regulatory frameworks. Scalars are a central part of efforts to develop capital adequacy measures for financial groups that operate businesses in more than one country and/or more than one industry.
LPC Presents Update to the Life Actuarial (A) Task Force at the NAIC 2021 Virtual Spring National Meeting
Life Vice President, Laura Hanson, presented an update of Life Practice Council activities to the Life Actuarial (A) Task Force at the National Association of Insurance Commissioners 2021 Virtual Spring National Meeting.
The Spring Casualty Quarterly includes a Q&A with the Casualty Practice Council’s Cyber Risk Task Force Chairperson Norman Niami on cyber risk issues being addressed by the Academy, including a look at some forthcoming papers. Also in the issue, a report on a new issue brief on automobile insurance and COVID-19, news items on Senior Casualty Fellow Rich Gibson presentations on P/C issues at two events, the latest Actuaries Climate Index figures, and recent state and federal legislative and regulatory activity.
The VM-22 Subgroup released its VM-22 In Brief, providing an overview of Valuation Manual (VM)-22 requirements, which specifies new Interest rate requirements for reserves on single premium immediate annuities and similar contracts.