The Health Practice Council and its Task Force to Review Actuarial Standard of Practice (ASOP) 11 filed a comment on the Actuarial Standards Board exposure draft, Reinsurance Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports.

The Risk Sharing Subcommittee filed comments with the Department of Health and Human Services and the Centers for Medicare and Medicaid Services on exposed Amendments to the HHS-Operated Risk Adjustment Data Validation Under the Patient Protection and Affordable Care Act’s HHS-Operated Risk Adjustment Program. 

The Intersector Group released the notes of its May 2020 conference call with the Pension Benefit Guaranty Corporation.

The June “Professionalism Counts” column is a Q&A with three members of the Committee on Professional Responsibility on self-regulation, following release of the discussion paper Self-Regulation and the Actuarial Profession. (Actuarial Update, June 2020)

In the July/August issue of Contingencies, the cover story, “Actuaries, Decision-Making, and COVID-19,” explores uncertainty—and opines that actuaries are uniquely qualified to lend perspective during this crisis. Other features include “Then and Now,” a look back at the 1918 Spanish flu pandemic and how it can tell us a lot about how COVID-19 might play out; and “On Economics: First Principles,” which offers foundational principles of economics: what economics is, what it is not, and why actuaries should care. Also, a President’s Message from Academy President D.

The June Actuarial Update introduces the four candidates who have been nominated to serve as regular directors on the Academy’s Board and will be voted on by the membership in an online election this summer.

The Committee on Professional Responsibility has released a new discussion paper. Self-Regulation and the Actuarial Profession is intended to generate discussion among actuaries about the importance of self-regulation and how individual actuaries can help preserve self-regulation. It aims to raise actuaries’ awareness of the importance and value of self-regulation and identify actuaries’ responsibilities with respect to maintaining self-regulation of the actuarial profession in the United States.

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