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RECENT ACADEMY ACTIVITY | | |
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Just have a minute? Catch up on the week’s top stories with the latest “This Week … In a Minute” video. Subscribe to our YouTube channel to receive alerts as they are released. | |
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Reminder—Nominations Open for Member-Selected Directors Interested in serving on the Academy Board? A reminder that nominations are open for 2025 member-selected directors to the Academy’s 21-person Board. There are three openings this year to join the Academy Board and its six other member-selected directors. These three directors will be selected by Academy members later this year in an online selection process from a slate of candidates presented by the Nominating Committee. Nominations are open through May 19. For more information, visit the nominations page. | | |
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National Volunteer Week—Academy Thanks Our Volunteers |
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In celebration of National Volunteer Week, the Academy would like to thank our many volunteers who contribute their expertise and insights, playing a crucial role in advancing the actuarial profession. - Volunteer webinar—In case you missed Tuesday’s Onboarding Volunteer Webinar for General Committee Members, on the Academy’s role, areas to volunteer in, volunteer roles and responsibilities, guidelines and policies, and best practices for volunteers, you can see a replay on the Academy Connect homepage soon.
New Members Webinar Set for May Join next month’s webinar for new members discussing the complete range of Academy member benefits—from professional development opportunities to networking connections. This new webinar series aims to equip new members with an overview of essential Academy tools, including the learning management system, through which you can access the Academy’s extensive library of live and on-demand educational content, and the Career Center, with free resources to advance your career. The free webinar will be held on May 12 from noon to 1 p.m. EDT. Register today. | | |
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ABCD Releases Annual Summary of Activities The Actuarial Board for Counseling and Discipline (ABCD) released its 2024 Annual Summary of Activities, outlining its activities last year—handling 108 cases, which included 96 requests for guidance (RFGs) and 12 inquiries. The ABCD also conducted 20 presentations, both virtually and in person, for actuarial organizations, annual conferences, and firms. Of note, ABCD members Al Beer and Cande Olsen conducted a well-received mid-year webinar on the RFG service. The report also details additional outreach and engagement efforts, along with examples of cases handled. - ASB Annual Report—Look for the Actuarial Standards Board (ASB) annual report, coming next week.
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Professionalism Webinar Covers New ERM ASOP No. 58 |
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Friday’s professionalism webinar, The New ERM ASOP: What You Need to Know, featured ASB Enterprise Risk Management (ERM) Committee Chairperson David Paul, along with members Tony Dardis and Elisabetta Russo. They walked through the new Actuarial Standard of Practice (ASOP) No. 58, Enterprise Risk Management, which takes effect May 1 and will replace ASOP Nos. 46 and 47, which currently provide guidance for actuaries involved in ERM. A replay will be available soon on Academy Learning. | | |
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Hotel Discount Extended for Insurance Investment Summit The room-block discount for the Academy’s Insuring the Future: Insurance Investment Summit in New York has been extended through May 1. The room block arranged by the Academy allows attendees the option to extend their stay at the Times Square Marriott Marquis Hotel and enjoy New York City through the Memorial Day weekend. See the full agenda. The summit will be held May 22–23. May Life Webinar to Examine ASOP No. 2 Mark your calendar for next month’s webinar, ASOP No. 2 Practice Note. Presenters will be members of the Life Practice Council’s Non-Guaranteed Elements Subcommittee, who will provide a comprehensive discussion of the key points included in the recently released ASOP No. 2 practice note, which deals with non-guaranteed elements in life insurance and annuity products. It’s set for May 14—register today. | | |
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Watch the Hill Visits Video Recap Watch a one-minute video recap of the Academy’s Hill visits, spotlighting the many volunteers across all practice areas who took part in the April 4–5 meetings on Capitol Hill in Washington. Watch it on the Academy’s YouTube channel. Public Policy in Brief- The Health Solvency Committee’s Health Underwriting Risk Factors Analysis Work Group sent the final H2—Underwriting Risk Component and Managed Care Credit Calculation in the Health Risk-Based Capital Formula Report to the NAIC’s Health Risk-Based Capital (E) Working Group. The work group presented on the report at the NAIC’s 2025 Spring National Meeting in Indianapolis in March.
- The Life Practice Council provided comments to the NAIC’s Life Actuarial (A) Task Force on the most recent AAT for Reinsurance Actuarial Guideline Draft Exposure.
- The P&C Committee on Equity and Fairness submitted comments to the Colorado Division of Insurance (DOI) on the exposed template of the DOI’s upcoming data call on private passenger auto insurance as part of the implementation of CO SB21-169 – Protecting Consumers from Unfair Discrimination in Insurance Practices.
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Visit the Events Calendar for a complete listing of Academy events, and visit Academy Learning for webinar recordings and other Academy content. |
Coming Next Week—April Actuarial Update Coming next week, the April Actuarial Update will have more coverage of this month’s Academy Hill visits, the annual Academy award nominations, and a Professionalism Counts column on “Returning to Actuarial Practice.”
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