Work Group Presents Update on Standard Valuation Law Modernization to NAIC
Chris Conrad, vice chairperson of the SVL Interest Rate Modernization Work Group, presented an update to the Life Actuarial (A) Task Force.
Chris Conrad, vice chairperson of the SVL Interest Rate Modernization Work Group, presented an update to the Life Actuarial (A) Task Force.
Mary Bahna-Nolan, chairperson of the Life Experience Committee, presented an update to the Life Actuarial (A) Task Force on the Delphi Study, Accelerated Underwriting, and VM-51 data elements.
The Joint P&C/Health Bond Factors Analysis Work Group Report to the NAIC Investment Risk-Based Capital (E) Working Group, Health Risk-Based Capital (E) Working Group, and Property and Casualty Risk- Based Capital (E) Working Group on indicated bond risk factors for the Property Casualty Risk Based Capital Formula (P&C RBC Formula) and the Health Risk Based C
The July Actuarial Update covers the Academy’s pension forum in Washington on retirement policy issues, and notes the impending July 31 deadline for comments to the Actuarial Standards Board on three pension actuarial standards of practice. Also covered: responses to the volunteer survey are due Aug.
The Extreme Events and Property Lines Committee issued a monograph, Uses of Catastrophe Model Output, on the development of catastrophe models and the uses of catastrophe model output in actuarial tasks.
Past Academy President Mary D. Miller submitted a letter with comments from the Academy to the National Association of Insurance Commissioners raising several concerns over a revised attestation proposal released for exposure on June 25 by the NAIC’s Casualty Actuarial and Statistical Task Force (CASTF).
With close to 20,000 members, the Academy appreciates the active participation of more than 1,000 volunteers from every practice area who lend their skill, knowledge, and experience to the Academy's work on public policy issues and professionalism. All members are being invited to complete the Academy's Annual Volunteer Survey via individual email.