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The Academy is hiring four staff actuaries in the life, health, casualty, and retirement practice areas. Executive Director Bill Michalisin notes in his “CEO Insights” column the investment comes as the environment in which actuaries operate becomes increasingly complex and the Academy continues to evolve to meet the changing needs of its members, policymakers, regulators, and other stakeholders—all part of its mission to serve the public and the U.S. actuarial profession by providing objective, independent, and balanced actuarial expertise.
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Contingencies, the Academy’s flagship magazine, takes a closer look at issues affecting the insurance industry and the actuarial profession, including rising insurance costs brought on by severe convective storms, including tornadoes and hailstorms. Other recent features explore the growing popularity of GLP-1 medications; “polycrisis,” including geopolitical conflict and economic volatility in an increasingly interconnected world; and a two-part series on the evolution of risk.
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The Academy published several resources that offer in-depth analysis of the annual Medicare and Social Security trustees’ reports, including a webinar featuring the Social Security Administration’s chief actuary, a one-page infographic highlighting key Social Security findings, and an issue brief and webinar on Medicare’s financial condition.
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The Academy’s September retirement symposium in the nation’s capital put a spotlight on key issues including Social Security, retirement security and lifetime income, and options for sustaining employer-based plans. Panelists discussed these issues and more—Aron Szapiro, a senior advisor in the Labor Department’s Employee Benefits Security Administration, delivered the keynote.
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October is Cybersecurity Awareness Month, and an Actuarially Sound blog post examines key cyber-related issues including National Association of Insurance Commissioners (NAIC) discussions and resources available in the Academy’s Cyber Risk Toolkit. An Oct. 29 webinar will look at cyber risk in the age of AI, including market trends and emerging challenges. Inquire about a discounted webinar registration at [email protected].
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Recent episodes of the Academy’s Actuary Voices podcast cover topics including the actuarial profession’s global role; Elizabeth Eason, the host of the Network of Actuarial Women and Allies’ (NAWA) Real Actuarial Women podcast; how everyone “maths differently” and building confidence; the effects of polycrisis; and the rising use of GLP-1 therapies.
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The NAIC sent a letter in response to Sen. Elizabeth Warren’s letter on insurers’ investments in private credit, private equity, and affiliated companies. Actuaries test whether an insurer’s investments will hold up well enough to pay future claims, which now focuses on assets that could lose value suddenly or could be difficult to sell or price. The Academy is considering how to best engage with Sen. Warren’s office to provide additional actuarial perspective, and looks forward to discussion on the issue at the NAIC Fall National Meeting in Dallas in November.
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