Keeping you in the know—the latest news from the Academy
Issue Brief on Social Security Notes That Time Is of the Essence
The Social Security Committee released an issue brief, Reforming Social Security Sooner Rather Than Later, which notes that earlier reform action would allow for tax increases and benefit reductions to be phased in gradually and provide individuals more time to plan and adjust to the changes. Read the Academy news release.
The Committee on Property and Liability Financial Reporting (COPLFR) submitted a comment letter to the Actuarial Standards Board (ASB) on the second exposure draft of ASOP No. 36, Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves.
"Personal Cyber" Chapter for Cyber Risk Toolkit Released
The Committee on Cyber Risk released a new chapter in the Cyber Risk Toolkit, "Personal Cyber: An Intro to Risk Reduction and Mitigation Strategies." The chapter identifies some of the penetration points of cyberattacks from an individual’s perspective and examines how an individual can work to minimize their risk of being hacked.
Fall is traditionally a time of plenty, when harvests are gathered in and stored for winter. Images of cornucopias, filled with pumpkins and other fall produce, signal an abundance of resources to weather the cold months ahead. With professionalism at the heart of the Academy’s mission, we’ve created a cornucopia of professionalism resources to help you keep your professionalism knowledge up to date.
The Health Solvency Subcommittee’s Health Underwriting Risk Factors Analysis Work Group sent a letter updating the NAIC’s Health Risk-Based Capital (E) Working Group (HRBC) on progress on the NAIC’s request to comprehensively review the H2—Underwriting Risk Component and the Managed Care Credit Calculation included in the HRBC formula.
Keeping you in the know—the latest news from the Academy
Practice Councils Engage With Colorado on Antidiscrimination
The Life Practice Council and Casualty Practice Council submitted comments to the Colorado Division of Insurance on its draft regulation, Concerning Quantitative Testing of External Consumer Data and Information Sources, Algorithms, and Predictive Models Used for Life Insurance Underwriting for Unfairly Discriminatory Outcomes. The comments reiterated support for Colorado’s initiative to prevent unfairly discriminatory practices in insurance and shared actuarial perspectives related to the design of the data testing requirement.