Keeping you in the know—the latest news from the Academy
Academy Presents on ESG Actuarial Perspectives at NCOIL Spring Meeting
Academy member Sam Gutterman presented on behalf of the Academy to the National Conference of Insurance Legislators’ (NCOIL) Spring Meeting in San Diego. He presented as part of NCOIL’s Special Environmental, Social, and Governance (ESG) Series on an “Introduction to ESG and Environmental Aspects: An Actuarial Perspective.”
Committee Releases White Paper on Long-Duration Targeted Improvements (LDTI)
The Life Financial Reporting Committee released a white paper, FASB Long-Duration Targeted Improvements—A Discussion of Enhanced Disclosures, which focuses on certain considerations in implementing FASB’s required enhanced disclosures around LDTI.
The Actuarial Board for Counseling and Discipline (ABCD) released its annual report, highlighting the important activities throughout 2022 of this entity housed within the Academy. The Annual Report 2022 notes that last year the ABCD handled 118 cases—96 requests for guidance and 12 inquiries.
Life Practice Council, Health Practice Council, and Casualty Practice Council Submit a Joint Comment Letter to the Colorado Division of Insurance
The Life Practice Council, Health Practice Council, and Casualty Practice Council submitted a joint comment letter to the Colorado Division of Insurance on its recent exposure of a draft regulation on Governance and Risk Management Framework Requirements for Life Insurance Carriers’ Use of External Consumer Data and Information Sources, Algorithms, and Predictive Models: the first exposed implementation regulation for Colorado Revised Statute (C.R.S.) § 10-3-1104.9, signed into law on July 6, 2021.
This webinar was intended to help actuaries in working with defined benefit pension plan designs and provisions that may be difficult to adequately measure using traditional actuarial valuation procedures.
Insights Into the American Rescue Plan Act (ARPA) Multiemployer Plan Special Financial Assistance (SFA) Application Process
This webinar covered lessons learned from actual multiemployer plan SFA applications to date, to provide helpful information, especially for those practitioners who will be completing SFA applications for upcoming priority group plans, and those without priority.
P/C Loss Reserve Opinions: Tools for the Appointed Actuary
This webinar shared an overview of select topics covered during the seminar, including highlights from discussions around applicable Actuarial Standards of Practice, qualifications, and the latest regulations and standards.
Professionalism Counts, February 2023
The actuarial profession is self-regulated—it has created its own standards of conduct, qualifications, and practice, and enforces them through its own disciplinary process. But in the day-to-day practice of professionalism, much is left to you, the actuary, to be a beacon for the profession and everything it stands for in service to our many stakeholders.
