This Week, August 5 -9, 2024

MEMBERSHIP

Member-Selected Director Nominees Announced

Three Academy volunteers have been selected by the Nominating Committee to serve as member-selected directors on the Board of Directors, with three-year terms beginning in November:

• Steven Armstrong (Casualty) has been a member of the P/C Committee on Equity and Fairness since its inception and serves on the Automobile Insurance Committee, the ASOP No. 12 Task Force, and the Volunteer Engagement Subcommittee. A past president of the Casualty Actuarial Society, Armstrong is also a board member of the Sexuality and Gender Alliance of Actuaries (SAGAA).

• Stephen Koca (Casualty) is chairperson of the Committee on Property and Liability Financial Reporting (COPLFR), which prepares three major offerings each year—the annual P/C opinion practice note, the Seminar on Effective P/C Loss Reserve Opinions, and the P/C Loss Reserve Law Manual. Koca is also a past member of the Workers’ Compensation Committee.

• Eric Keener (Retirement) chaired the Retirement Policy and Design Evaluation Committee and drove the Academy’s series of policy documents on national retirement income. A member of the U.S.-based actuarial organizations’ collaborative Intersector Group, Keener has also moderated and participated in many Academy webinars and has been active in the annual “Hill visits,” meetings with federal lawmakers and regulators.

The Academy’s online selection of candidates by members will take place Sept. 4–18. For more information on the Academy’s process, visit the Board Selection Center.

Call for Volunteers Kicks Off, Information Session Recording Available

The Academy’s annual Call for Volunteers is now open and will remain open through September 6. The Call for Volunteers describes Academy committees, particularly those actively seeking volunteers as well as short-term volunteering activities. Volunteering enhances your professional growth, earns continuing education credit, and supports the Academy’s vital work. By completing the survey, you can select committee and volunteer opportunities that suit your interests and skills—consider how you can best help the Academy while contributing to your own professional growth and the advancement of the U.S. actuarial profession.

Tuesday’s Information Session is available to watch on-demand—log in to your member account to view.

EDUCATION AND EVENTS

Envision Tomorrow Session Spotlight—AI Risks & Opportunities

An Envision Tomorrow general session will explore the latest surrounding artificial intelligence issues, including opportunities, risks, and ethical concerns. “AI: Seizing Opportunities and Governing Risks” will feature a panel of experts presenting a variety of perspectives. The session will be moderated by Academy Board member Dorothy Andrews, chairperson of the Data Science and Analytics Committee, who will offer introductory remarks and moderate a panel of experts including:

• Kathleen Birrane, J.D., DLA Piper and former Maryland Insurance Commissioner

• Miranda Bogen, Founding Director, AI Governance Lab, Center for Democracy & Technology

• Andrew Clark, Co-founder and CTO, Monitaur

• Jurnell Cockhren, Founder, Civic Hacker

• Kevin Dyke, MAAA, Chairperson, Actuarial Standards Board; Chief Regulatory Actuary, Michigan Deptartment of Insurance

• Kimberly Sapre, DMSc, PA-C, CAQ-EM, DFAAPA, Milliman

• Reva B. Schwartz, Research Scientist, ARIA Program Lead, and Principal Investigator for AI Bias at the National Institute of Standards and Technology

It will be the second general session on the opening day of the Academy’s annual meeting, being held Oct. 15–16 in Washington, D.C. See the full agenda. Envision Tomorrow early registration discounts are still available—register today.

Upcoming August CE Opportunities—P/C, Health Webinars

Register now to gain valuable CE in upcoming Academy webinars later this month.

• P/C, Workers’ Comp—Diamonds in the Rough: A Discussion of Lesser-Known Workers’ Compensation Resources for Actuaries, will examine resources used by actuaries in workers’ compensation work. The webinar will be on Tuesday, Aug. 20—register today.

• Health, CMS—Overview of CMS’ Final Rules for Ensuring Access to Medicaid Services, and Managed Care Access, Finance, and Quality will feature an overview of Centers for Medicare & Medicaid Services’ (CMS) recently released final rules regarding Medicaid and managed care access. It will be held Aug. 28—register today.

PROFESSIONALISM

Reminder—ASB & ABCD Board Openings Due Aug. 26

A reminder that the Academy is accepting nominations for openings on the Actuarial Standards Board (ASB) and the Actuarial Board for Counseling and Discipline (ABCD). Both are for three-year terms beginning Jan. 1, 2025, and nominations are due by Aug. 26.

• ASB P/C Member—The ASB is seeing a property/casualty practice area. Review the ASB selection criteria and submit nominations here.

• ABCD Pension Member—The ABCD is seeking a pension member with a diverse range of experience. Review the ABCD selection criteria and submit nominations here.

OUTREACH & NEWS

Actuarially Sound Covers Heat & Workers’ Comp

The latest Actuarially Sound blog post, Heat Is Increasingly a Cause for Concern in Workers’ Comp Cases, covers a warming climate and the effects on workers’ compensation claims, including heatstroke, for those who work outdoors.

In the News

• A subscriber-only Bloomberg Law “deep dive” about the challenges that financial firms have had in defining and meeting climate pledges quoted Peter Ott, vice chairperson of the Academy’s Climate Change Joint Committee.

CALENDAR

• Aug. 20 [Webinar] Diamonds in the Rough: A Discussion of Lesser-Known Workers’ Compensation Resources for Actuaries

• Aug. 28 [Webinar] Overview of CMS’ Final Rules for Ensuring Access to Medicaid Services, and Managed Care Access, Finance, and Quality

• Sept. 9–11 [Seminar] Casualty Loss Reserve Seminar; San Francisco (co-sponsored with CAS; early discounts end Aug. 2)

• Oct. 15–16 [Annual Meeting] Envision Tomorrow 2024; Washington, D.C.

• Nov. 4–7 [Seminar] Life and Health Qualifications Seminar; Arlington, Va.

• Dec. 9–10 [Seminar] Seminar on Effective P/C Loss Reserve Opinions; New Orleans

Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and recordings.

Next Week—The Academy at NAIC

Academy staff and volunteers will attend and present at next week’s NAIC Summer National Meeting in Chicago. Academy practice councils will present to NAIC’s casualty, health, and life practice-area task forces, and volunteers will also present on professionalism issues. Follow us on LinkedIn for updates from the event.