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Some people may never meet one, but actuaries influence our finances, healthcare, workplace benefits, and retirement security through the systems that support Americans from birth through old age. This Contingencies magazine article shines a light on the role and impact an actuary has on everything from home, auto, life, and health insurance to Social Security, pensions, and employee benefits.
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The Academy will hold its annual retirement symposium Sept. 23 in Washington, D.C., bringing together leaders in retirement and lifetime income to examine critical choices that will define the future of retirement security. Topics in this free stakeholder event will include Social Security solvency, how individuals are impacted when they lack access to adequate retirement savings and lifetime income opportunities, and options to sustain employer-based benefit plans. The program will include a keynote and panel discussions, followed by a reception.
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The Texas House Select Committee on Health Care Affordability called on the Academy to offer its perspective on health insurance markets and affordability. Susan Pantely, representing the Academy’s Health Practice Council, testified during the panel’s April 30 and May 1 hearing, the first in a planned series of conversations among state legislators, insurers, hospitals, academics, consumers, and actuaries, on underlying cost drivers in healthcare.
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A recent episode of the Academy’s Actuary Voices podcast features a public policy discussion exploring one of the most pressing issues for consumers: the rising cost of automobile insurance. Actuaries examine factors driving affordability challenges—including inflation, vehicle repair costs, changing driving patterns, advanced technology—and the growing uncertainty surrounding tariffs and global supply chains, highlighting a recent issue brief on tariffs and auto insurance.
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The U.S. Supreme Court twice cited a 2020 Academy issue brief on multiemployer pension plans in a May 21 unanimous opinion in M & K Employee Solutions, LLC v. Trustees of the IAM National Pension Fund—a high-profile case that involves the timing of actuarial assumptions used to calculate multiemployer-plan withdrawal liability. The decision also cited a related actuarial standard of practice—ASOP No. 27, promulgated by the Academy’s Actuarial Standards Board.
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Being an actuary isn’t just a job—it’s a profession. An Academy short video looks at the elements of professionalism that guide actuaries, the standards they hold themselves to, and the ways the Academy helps foster and enhance actuarial professionalism.
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The Academy will hold a two-part webinar series highlighting the National Science Foundation’s (NSF) Industry-University Cooperative Research Centers, made up of academic researchers at who work with an industry-led advisory board to evaluate research projects. The June 22 and July 14 webinars, free to stakeholders, will feature speakers from NSF, the National Oceanic and Atmospheric Administration, and leading university climate professors.
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ACADEMY OUTREACH
Upcoming Stakeholder Event Presentations
The Academy will present at several upcoming stakeholder events and conferences:
- An update on “Broadening the Focus”—a holistic, principles-based approach to evaluating health care programs and benefits—at the Society of Actuaries Health Meeting in Washington, D.C., in late June.
- Presentation of the Academy’s annual Award for Research at the Actuarial Research Conference at The Ohio State University in July.
- Public policy presentations to the International Association of Black Actuaries annual meeting in Charlotte, and Organization of Latino Actuaries annual conference in Chicago, both in August.
- Professionalism, research, and AI presentations at the International Congress of Actuaries in Tokyo in November.
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