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RECENT ACADEMY ACTIVITY | | |
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TOP NEWS Academy Presents at NAIC Summer Meeting |
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Academy volunteers and staff offered public comments at the NAIC Summer National Meeting in Minneapolis, covering issues in multiple practice areas and professionalism, and presented to NAIC actuarial task forces, including the Casualty Actuarial and Statistical (C) Task Force (CASTF), Health Actuarial (B) Task Force (HATF), and Life Actuarial (A) Task Force (LATF).
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Among the presentations were: Casualty Policy Project Manager Rob Fischer gave an update on Casualty Practice Council (CPC) activities to CASTF. - Academy Health Vice President Annette James presented on “2026 Health Insurance Premiums in Focus: Policy Changes and Impacts on Market Stability,” and Public Policy State Outreach Director Katie Dzurec gave an update on Health Practice Council (HPC) activities to HATF.
- Life Practice Council (LPC) Policy Project Manager Amanda Barry-Moilanen gave an update on the council’s activities to LATF.
- Committee on Qualifications (COQ), Actuarial Standards Board (ASB), and Actuarial Board for Counseling and Discipline (ABCD) representatives, including Academy President Darrell Knapp, ASB Chair Kevin Dyke, and ABCD Director of Professionalism Ed Lee, presented on professionalism issues to the actuarial task forces.
- Dzurec spoke at the RBC Model Governance (EX) Task Force and at the Big Data and Artificial Intelligence (H) Working Group, following up on comments the Academy has submitted in response to proposed RBC principles and questions and the proposed AI model regulation RFI, respectively.
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Details on the Academy’s engagement in Minneapolis will be available in the regular post-meeting webinar (posted soon) and in an upcoming update on Actuarially Sound, the Academy’s blog. The Academy’s work with the NAIC is also reflected in the July/August issue of Contingencies, which features the first installment of a two-part interview with NAIC President Jon Godfread, Nebraska Insurance Commissioner Eric Dunning, Wisconsin Insurance Commissioner Nathan Houdek, and NAIC President-Elect Scott White. They discuss key regulatory priorities, emerging risks, and the evolving insurance landscape-charting a path forward through innovation, consumer protection, and risk management. The second installment, in the upcoming September/October issue of Contingencies, highlights the vital connection between the NAIC and the Academy, as well as the critical role actuaries play in the insurance regulation space. The Academy also networked with regulators and stakeholders throughout the meeting. One of the most popular events was the Academy’s Sunday lawn-bowling gathering. More than 60 Academy volunteers, insurance commissioners, state regulators, NAIC staff, and even a state legislator lawn bowled. The Academy participated in a breakfast meeting with Pennsylvania Insurance Commissioner Mike Humphreys, where he discussed the next steps in developing a proposed AI model regulation and the need for continued stakeholder collaboration on AI governance. | | | |
Academy Participates in Organization of Latino Actuaries Annual Meeting |
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The Academy, an Organization of Latino Actuaries (OLA) sponsor, participated in OLAvanza, OLA’s 2025 conference in San Diego, Calif. The event, aimed at students, credentialed actuaries, and partners, significantly expanded the programming offered to attendees, featuring general and breakout sessions offering continuing education (CE) and continuing professional development (CPD) credits.
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Important Academy Selection Process Update |
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Please be on the lookout: You will receive an email on Aug. 22 from Intelliscan, the vendor we are working with to manage the selection process for member-selected director positions on the Academy Board. This email will come from Academy@intelliscanvotes.com and will include information outlining the selection process, which will take place from Sept. 3 through Sept. 17 this year. Please be sure to add this email address to your safe senders list and to check your spam folder after Aug. 22 to make sure you receive the email. Visit the Academy’s Board Selection Center to learn more about the process, the Nominating Committee’s current slate of nominees, and more information on this year’s member-selected director candidates. Academy at SOA Life Meeting Next Week Attending the 2025 SOA Valuation Actuary Meeting in Chicago next week? Come hear the latest on life-practice topics from Academy Life Practice Council volunteers, who will be hosting diverse breakout sessions ranging from VM-22 to updates on recent NAIC activity. Also, be sure to stop by the Academy’s booth. Visit the Public Policy webpage to stay on top of the latest news and activity. | | | |
SANA to Hold Its First Hybrid Meeting Aug. 17 |
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The South Asian Network of Actuaries (SANA) is holding its first-ever hybrid Annual Meeting, held in conjunction with the SOA Valuation Actuary Meeting, on Aug. 17 at 5:30 p.m. at the Chicago Marriott Downtown Magnificent Mile. The meeting will include updates from the SANA Board, followed by a panel discussion on opportunities for actuaries in climate risk and environmental, social, and governance-qualifying for one hour of CE/CPD credit. Registration is free and open to all. Register here and find more details here. | | | |
Cyber Risk Toolkit Adds Section on Global Market The global cyber insurance market is rapidly evolving and varies by geography. A new paper, “An Overview of the Global Cyber (Re)Insurance Market,” added to the Cyber Risk Toolkit provides a high-level overview of the global cyber reinsurance market, highlighting similarities and differences among regions and commenting on relevant history that has shaped each region’s experience to date. Public Policy in Action- Two newly released Actuarially Sound blogs focus on the Social Security’s 90th anniversary and the National Conference of State Legislatures (NCSL) Legislative Summit. Social Security at 90: A Triumph With Risks Ahead highlights how federal inaction to shore up the system is threatening its future-a risk that actuaries continue to help the public and policymakers understand better. Interconnectedness Unites Policy Priorities at NCSL Conference offers a snapshot of last week’s 50th annual NCSL Legislative Summit in Boston-the largest gathering of U.S. state legislators in its history.
- A new practice note, Gain/Loss Analysis for Pension Plan, provides information to actuaries on current practices relevant to the performance of an analysis of gains and losses in connection with the actuarial valuation of pension plans (gain/loss analysis).
Resource Center-Visit the online Resource Center to stay on top of the latest Academy news and activity. | | | |
MEMBERSHIP Call for Volunteers Underway |
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The Academy’s Annual Call for Volunteers is now open. Take a few minutes to explore available opportunities and submit your interest. If you missed last week’s Call for Volunteers Information Session, it is now available to watch on-demand. This session offered information on how to get involved as a volunteer and make a difference beyond your day-to-day work. Have questions about the Academy’s volunteer program? Contact Anthony Washington, manager of volunteer and member engagement, at volunteer@actuary.org to learn more.
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Reminder-Sept. 5 Professionalism Webinar to Cover COQ, ASB, ABCD Register for the Sept. 5 professionalism webinar, COQ, ASB, ABCD: The Professionalism Trifecta. The COQ, ASB, and ABCD are the heart of actuarial professionalism-they set standards for the profession and help actuaries meet these standards. Leaders of these entities will discuss professionalism topics of interest to all actuaries, including what it takes to be qualified, how actuarial standards of practice apply to AI and modeling, and what to do if you believe an actuary may have violated the Code of Professional Conduct. Register today.
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One Week Left for CLRS Regular Registration Rates There’s still a week to save on registration for the Casualty Loss Reserve Seminar (CLRS), sponsored jointly by the Academy and the Casualty Actuarial Society, Sept. 8-10 in Philadelphia. As noted by Academy Senior Casualty Fellow Rich Gibson, CLRS is “one of the best continuing education [CE] opportunities for reserving actuaries.” See the agenda. Regular registration rates, with discounts, are available through next Friday, Aug. 22. Register today. | | | |
Speakers Bureau Serves Employer Actuaries Club in Milwaukee In the latest Academy Speakers Bureau service to the profession, ASB General Committee member Brian Mullen spoke to Northwestern Mutual's actuaries club in Milwaukee on Aug. 12. Mullen provided an overview of the ASB and its processes and highlights of recent ASB activity, and urged actuaries to engage in volunteer opportunities and to comment on standard exposure drafts using Actuarial Standard of Practice (ASOP) No. 12, Risk Classification (for All Practice Areas), as an example. | | | |
Contingencies Web Exclusive: CE, More Than a Requirement In case you missed it, the latest Contingencies web exclusive, “Continuing Education, More Than a Requirement,” notes that while CE is essential for compliance, it’s also a powerful tool for career development, professional credibility, enhanced value for employers and stakeholders, and advancing the actuarial profession. Read about how the Academy’s CE offerings help you stay current, connected-and prepared for what’s next. | | | |
Your Input Wanted on Potentially Disruptive Events The Academy’s Disruptive Events Task Force is seeking input on potentially disruptive events, defined as organization-wide emergencies and disasters or positive developments that are not covered by routine measures and that are generally caused by natural or artificial circumstances-that is, events that cause current actuarial models to no longer be effective. The task force was set up by the Academy’s Strategic Planning Committee to identify a process to help actuaries in responding to disruptive events that may create a significant reputational risk to the profession. Examples include the 2024 Change Healthcare data breach and the California wildfires, but could also include developments such as potential breakthrough medical cures. Visit the Potentially Disruptive Events webpage to submit your input.
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