The Life Principle-Based Approach Practice Note Work Group updated the 2017 VM-20 Practice Note to reflect emerging practices and changes to the Valuation Manual since the version effective for Dec. 31, 2019, valuations. 

Clear actuarial communication—especially in a time of a pandemic crisis when most people are working remotely—is about much more than the numbers, as spelled out in both Actuarial Standard of Practice No. 41, Actuarial Communications, and Precept 4 of the Code of Professional Conduct. (Actuarial Update, March 2020)

In the March Actuarial Update, Academy President D. Joeff Williams offers a message to members on the Academy’s continuing (remote) operations in light of the coronavirus pandemic. Related, the Academy has developed a webpage of related resources and FAQs covering COVID-19 and its possible effects on health spending and insurance.

The Public Plans Committee published a practice note reviewing current and emerging approaches to completion of the Actuarial section of the Comprehensive Annual Financial Report.