Economic Scenario Generator Work Group Presents Model Office Testing to LATF
The Economic Scenario Generator Work Group presented to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on model office testing scenarios of the new economic scenario generator.
Recent wildfire seasons, especially in western states, have been some of the most costly and destructive on record. Speakers provided an overview of wildfire peril, the importance of mitigation methods, and the impacts of climate change. They discussed the current effects of recent wildfire seasons on the insurance industry and policyholders and provide a review of recent regulatory actions and potential public policy responses.
Wildfire Lessons Learned and State of Wildfire Risk Modeling
Wildfire Lessons Learned and State of Wildfire Risk Modeling
March 17, 2022 | Noon to 1:30 p.m. EDT
Recent wildfire seasons—especially in western states—have been some of the most costly and destructive on record. Join us on March 17 for a webinar that will feature a discussion of the recently released Wildfire: An Issue Paper—Lessons Learned from the 2017-2021 Events.
Contingencies, March/April 2022
In the March/April Contingencies, “At the Dry-Erase Board” covers how an enterprising company can provide small-amount life insurance to individuals with low and extremely variable income; “Taking Stock: The Feeling Is Mutual” notes that insurance company ownership structure is a strategic decision; and “‘Dr. Robot Will See You Now’” shows how nimble companies are using artificial intelligence and machine learning to improve patient outcomes.
Committee Publishes Issue Brief on Social Security Retirement Age
The Social Security Committee released an issue brief examining the potential effects of increasing the Social Security normal retirement age, which it has identified as likely to be a key component of any legislation considered to restore Social Security’s long-term financial health.
The February Actuarial Update covers the Academy’s input into implementation of Colorado’s new insurance anti-discrimination law. Also in the issue: The Actuarial Standards Board adopted a revision to ASOP No. 4 and the Academy is planning a spring webinar on the topic; Ali Khawar, acting assistant secretary of the U.S.
This Week: Cyber Risk Toolkit Updated; Academy Members--Call for Contributors; Professionalism Outreach
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication.
The Winter Casualty Quarterly leads with a Q&A on the recent wildfires issue paper from the Casualty Practice Council’s P/C Extreme Events and Property Lines Committee. Also in the issue, the Committee on Property and Liability Financial Reporting released its annual P/C practice note; the P/C Loss Reserves Opinion Seminar and the Annual Meeting and Public Policy Forum included examination of key casualty topics; a P/C public policy webinar covered diversity, equity & inclusion, COVID-19, and other issues; and recent legislative and regulatory activity.