LPC's Asset Adequacy Testing Task Force Publishes Discussion Paper on Testing Considerations for Year-End 2020
The Life Practice Council's Asset Adequacy Testing Task Force (AATTF) published a discussion paper titled, Asset Adequacy Testing Considerations for Year-End 2020, for the purposes of raising awareness and summarizing actuarial practices for life financial reporting actuaries involved with asset adequacy testing (AAT) and related activities in 2020’s extreme economic environment.
Academy Senior Health Fellow Presents on Health Equity at NAIC Special (EX) Committee on Race and Insurance
On December 2, 2020, Cori Uccello, the Academy’s Senior Health Fellow, presented on behalf of the Academy’s Health Equity Work Group (HEWG) at the National Association of Insurance Commissioners’ (NAIC’s) Special (EX) Committee on Race and Insurance, Workstream #5 meeting.
Health Equity Work Group Submits Comments to the NAIC Special (EX) Committee on Race and Insurance
The Health Practice Council’s Health Equity Work Group submitted comments to the National Association of Insurance Commissioners (NAIC) highlighting their efforts to facilitate solutions to address health disparities.
LPC Presents Update to the Life Actuarial (A) Task Force at the NAIC 2020 Fall National Meeting
The Life Practice Council's Vice President, Laura Hanson, presented an update of LPC activities to the Life Actuarial (A) Task Force (LATF) at the NAIC's 2020 Fall National Meeting.
Casualty Council Comments on Pandemic Risk Legislation
Lauren Cavanaugh, VP-Casualty, submitted written comments to the U.S. House Financial Services Committee regarding proposed legislation to provide federal government backing for coverage of future pandemic events under Business Interruption insurance.
LPC Task Force Submits Comments to ASB on ASOP No. 22 Exposure Draft
The Life Practice Council’s Task Force to Review ASOP No. 22 submitted comments to the Actuarial Standards Board on the exposure draft of ASOP No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Other Liabilities.
HPC Task Force Submits Comments to ASB on ASOP No. 22 Proposed Revision
The Health Practice Council’s Long-Term Care (LTC) Reform Subcommittee Task Force to Review ASOP No. 22 submitted comments to the Actuarial Standards Board on the second exposure draft of the proposed revision of ASOP No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Other Liabilities.
Actuaries Climate Index Updated With Spring 2020 Data
The Actuaries Climate Index has been updated with data for spring 2020, with its key five-year moving average reaching a new high of 1.19. Read the news release.
