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RECENT ACADEMY ACTIVITY | | |
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Only 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 videos as they are released. | |
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TOP NEWS Academy Presenting at NAIC Summer Meeting |
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Academy volunteers and staff are kicking off presentations this weekend at the NAIC Summer National Meeting in Minneapolis. The Casualty Practice Council (CPC), Health Practice Council (HPC), and Life Practice Council will present updates on their activity to NAIC’s actuarial task forces in those practice areas. Volunteer leadership from the Committee on Qualifications, Actuarial Standards Board, and Actuarial Board for Counseling and Discipline will offer professionalism updates to the three NAIC actuarial task forces as well. Beyond the presentations, the Academy will host onsite networking efforts and offer verbal comments with a focus on the commissioner-led meetings related to risk-based capital model governance and a proposed AI model law. Look for a recap of the presentations in next week’s issue, along with a blog and recorded webinar by Academy staff later this month.
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Xi Xin Receives Academy’s Third Annual Award for Research Xi Xin, a Ph.D. candidate at Australia’s University of New South Wales, received the Academy’s third annual Award for Research. The award was presented to him virtually by Research Committee Chairperson Grace Lattyak at the Actuarial Research Conference in Toronto on July 31. The award, which includes a $7,500 honorarium, recognizes work by an early-career scholar contributing significantly to an actuarial perspective on a public policy issue of interest to U.S. actuaries and public policymakers. This year’s theme was “Bias in Assessing Financial Risk: Origins, Detection, Mitigation,” and Xin received the award as co-author of research published in 2024 in the North American Actuarial Journal (Vol. 28, Issue 2), “Antidiscrimination Insurance Pricing: Regulations, Fairness Criteria, and Models.” “This research made a compelling contribution that highlights the essential actuarial role in the ongoing, consequential dialogues among regulators, actuaries, and other stakeholders about the effective regulation of bias and indirect discrimination in insurance,” Lattyak said. See the news release, and read more about the Academy’s ARC 2025 activities in the July Actuarial Update (p. 3). Stay tuned for a webinar featuring Xin later this year.
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ICYMI-Meet the 2025 Member-Selected Director Nominees In case you missed it, the July Actuarial Update introduced this year’s nominees to be member-selected directors on the Academy Board. They are Joseph Hicks, Ron Ogborne, and Becky Sheppard, who would begin serving three-year terms in November. Online selection by members will take place next month-for more information, visit the Board Selection Center. | |
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Academy Attends NCSL Legislative Summit The Academy attended the National Conference of State Legislatures’ (NCSL) 2025 Legislative Summit in Boston, participating in meetings with state legislators, state legislative staff, and other stakeholders on health, casualty, retirement, and risk management issues. This year’s 50th anniversary summit included a special focus on issues related to AI and cybersecurity, extreme weather events, and the affordability of insurance, particularly health insurance. Look for an Actuarially Sound blog recapping the event’s highlights next week. Public Policy in Action - Senior Health Fellow Cori Uccello and co-author Gretchen Jacobson authored a Health Affairs article exploring why Medicare Advantage defied expectations with rapid growth after enactment of the Affordable Care Act (ACA). The article also explores reform options to further improve Medicare Advantage for beneficiaries.
- The CPC submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 20, Analysis of Property/Casualty Cash Flows, Including Discounting.
Resource Center-Visit the online Resource Center to stay on top of the latest Academy news and activity. | | | |
Call for Volunteers Underway The Academy’s Annual Call for Volunteers is now open. If you’re interested in volunteering with the Academy, take a few minutes to explore available opportunities and submit your interest. Information Session-If you missed today’s Call for Volunteers virtual Information Session-which offered information on how to get involved as a volunteer, contribute your skills, share your expertise, and make a difference beyond your day-to-day work-look for the video to be posted soon on the Volunteer Resources webpage. If you have questions about the Academy’s volunteer program, contact Anthony Washington, Manager of Volunteer and Member Engagement, at volunteer@actuary.org. Member Value Survey-Thank you to Academy members who took part in the Academy Member Value Survey, which wrapped up last week. The insights from the survey and focus groups will aid the Academy in developing new and maintaining current member-focused, value-driven programs and resources. From Survey Insights to Conversations-Join a Group or Interview As part of this project, if you are not an Academy volunteer, we invite you to sign up today for a focus group or individual interview with our survey provider, McKinley. We are also seeking U.S. practicing actuaries who are not Academy members for dedicated nonmember focus groups or interviews-please encourage any colleagues or peers in that category to sign up as soon as possible. To participate, email us at membership@actuary.org. | | | |
EDUCATION & EVENTS Early Discounts End Today for November’s LHQ Seminar |
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Today, Aug. 8, is the final day to secure a discounted registration to the Academy’s Life and Health Qualifications Seminar, Nov. 17-20 in Arlington, Va. Featuring a new dual-track format this year, this seminar is considered by many to be the best way to get basic education or relevant CE to qualify to issue actuarial opinions. Space is limited for this popular seminar-register today and save $200.
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Registration Open for September’s Retirement Symposium The Retirement Practice Council’s Actuarial Perspectives and Solutions for Strengthening the U.S. Retirement System symposium will be held Sept. 18 in Washington, D.C. This in-person retirement event will bring together federal policymakers, retirement experts, and actuaries to discuss and share actionable solutions aimed at strengthening the U.S. retirement system and improving outcomes for Americans, with special recognition of Social Security’s 90th birthday. Register today.
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Academy Presents at IABA Annual Meeting Academy volunteers and staff attended and presented on public policy issues at the International Association of Black Actuaries (IABA) Annual Meeting July 31-Aug. 3 in Washington. In attendance were Academy President Darrell Knapp; President-Elect Tricia Matson; Retirement Vice President and IABA Liaison Jason Russell; and Diversity, Equity & Inclusion Committee Chairperson Julia Lerche. Academy Past President Tom Wildsmith led a session during IABA’s student bootcamp on public policy and the Academy role. The Academy also took part in IABA’s career networking event. For more, see the July Actuarial Update (p. 3).
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