Hear updates on the latest property/casualty (P/C) public policy developments and prospects on issues for 2022 at the state and federal levels and the Academy’s work in those areas during this webinar. Panelists will cover:
Insurance regulatory developments surrounding Diversity, Equity & Inclusion at the National Association of Insurance Commissioners (NAIC) and with state insurance departments;
Life Underwriting and Risk Classification Work Group Submits Comments on Accelerated Underwriting
The Life Underwriting and Risk Classification Work Group submitted comments to the NAIC’s Accelerated Underwriting (A) Working Group on its paper summarizing the output of the working group’s recommendations and assessment to understand the current state of the life insurance industry and its use of accelerated underwriting.
LPC Ad-hoc Task Force Submits Comments to the LATF on a Proposed AG
A Life Practice Council ad-hoc task force submitted comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on a proposed actuarial guideline (AG) regarding asset adequacy testing.
The Variable Annuity Reserves and Capital Work Group (VARCWG) submitted comments to LATF on amendment proposal form (APF) 2021-11 regarding the proposed assumption disclosure requirements in VM-31.
RETF Comments to NAIC Special Committee on Race and Insurance
Casualty Vice President Lauren Cavanaugh presented to the NAIC’s Special Committee on Race and Insurance (SCORI) Workstream 3 (Property and Casualty) on behalf of the Academy’s Racial Equity Task Force (RETF) on the work RETF has completed and is currently doing; she also provided comments to SCORI Workstream 3 on proxy discrimination and disproportionate impact.
The latest Contingencies web exclusive—“What the Hack?”—explores cyber risk, cybercrime, and cybersecurity, addressing the current state of play of the cyber threat landscape and how insurers are keeping up with ever-evolving capabilities of motivated hackers—and the role actuaries play in pricing and mitigating threats. Also, be sure to listen to the interview with Norman Niami, chairperson of the Academy’s Cyber Risk Task Force, who offers his on-the-ground perspectives on this timely topic.
Actuarial Update Supplement—2021 Annual Meeting & Public Policy Forum
The November Actuarial Update supplement covers all aspects of the Academy’s successful Annual Meeting and Public Policy Forum, which was held Nov. 4–5 in the nation’s capital as a hybrid event.
The November Actuarial Update covers the revised Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (USQS), which will replace the existing qualification standards as of Jan. 1.
Work Group Presentation to the NAIC Health Actuarial (B) Task Force on Long-Term Care Insurance Mortality and Lapse Study
The Long-Term Care Valuation Work Group presented results of the Long-Term Care Insurance Mortality and Lapse Study to the National Association of Insurance Commissioners (NAIC) Health Actuarial (B) Task Force.