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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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Academy to Present at NAIC Fall Meeting | | | |
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Academy volunteers and staff, including President Tricia Matson, will present at next week’s NAIC Fall National Meeting in Hollywood, Fla. Presentations will include practice-area and professionalism updates from the Committee on Qualifications (COQ), Actuarial Standards Board (ASB), and Actuarial Board for Counseling and Discipline (ABCD) to NAIC’s actuarial task forces. The Academy will also participate in discussions related to issues like artificial intelligence (AI), risk-based capital (RBC), and title insurance. It will also host a reception and dinner on Monday, Dec. 8, and a limited-invitation professionalism breakfast on Tuesday, Dec. 9. Look for more coverage next week.
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Academy Law Manuals Available for Preorder The Academy’s annual life & health and P/C loss law manuals are available for preorder. Life and Health Law Valuation Manual—The Life and Health Valuation Law Manual, updated annually, contains information to help appointed actuaries know the requirements of the NAIC model Standard Valuation Law and the model Actuarial Opinion and Memorandum Regulation. Preorders are now available for the 2026 edition—place your preorder today. |
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P/C Loss Reserve Law Manual—The P/C Loss Reserve Law Manual is designed to help appointed actuaries know the NAIC requirements for annual statements of actuarial opinion. It contains a compilation of insurance laws relating to P/C loss and loss expense reserves for all 50 states, Puerto Rico, and Washington, D.C. Place your preorder today. | | | |
Is Your Academy Profile Up to Date? Before the end-of-year rush, please take a few minutes to make sure your Academy member information is up to date. Here are a few things to check in your member profile: - Have you paid your 2026 member dues? Dues need to be paid by Jan. 1—make sure you start the new year with your membership renewal confirmed.
- Have you changed jobs? Check that your contact information is updated to reflect your new role and any addresses (email and/or mailing address) are accurate.
- Have you gained a new credential? Congratulations! Take a few minutes to update your profile to update your achievement. Log in to your member profile today.
New Membership Requirements—A reminder that new membership requirements for incoming Academy members take effect Jan. 1. Read more. Free Dec. 17 Webinar—Maximize Your Membership If you’ve joined the Academy this year, join us on Dec. 17 for a free webinar, Maximize Your Membership: A Comprehensive Guide to Making the Most of Your Academy Experience, in which Academy membership staff will highlight the value of your Academy membership. Learn about benefits such as professional development opportunities, networking, and volunteering opportunities, as well as essential membership tools, such as Academy Learning, to ensure you’re equipped with the knowledge to access and utilize live and recorded webinars. Register today. | | | |
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Contingencies Web Exclusive Profiles Rising Actuaries | | | |
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A Contingencies web exclusive, Movin’ On Up, shines a spotlight on the 2025 Rising Actuary Award recipients, who share their early-career trajectories—staying ahead of industry trends and upholding the Academy’s mission and professional values.
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ICMYI—Actuarial Update Covers Summit, ASB/ABCD Appointments In case you missed it, the November Actuarial Update covers the Academy’s 60th Anniversary Leadership Summit and Governance Transition. Also in the issue—new appointments to the ASB and ABCD, which take effect Jan. 1. Summit, Awards videos—Watch videos of the leadership summit (including the leadership transition and a vice presidential panel on upcoming priorities), and the annual Academy service and recognition award presentations. And, watch a special 60th anniversary video celebrating the Academy’s six decades. |
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Actuarial Events Feature Academy Presenters Academy speakers presented to several actuarial clubs and the Conference of Consulting Actuaries (CCA) to start the month: ▶ Casualty Vice President Susan Kent presented the professionalism session at the Casualty Actuaries of the Mid-Atlantic Region’s meeting Thursday in Merion Station, Pa. In “Professionalism Update from the Academy,” she covered developments with actuarial standards of practice (ASOPs), ABCD inquiries and requests for guidance, and a reminder of the Academy’s new membership requirements for new members that take effect Jan. 1. ▶ Also on Thursday, General Counsel and Senior Director of Professionalism Brian Jackson served as a panelist for the program “Paper Trails & Professionalism: Why Documentation Matters for Consulting Actuaries” as part of CCA’s virtual Professionalism Forum. ▶ Committee on Professional Responsibility (COPR) member Kathy Wong virtually presented on “Actuarial Professionalism: Practical Considerations” to the Columbus Actuarial Club on Friday. Wong’s interactive talk featured polling and highlighted the profession’s self-regulation as well as hot topics covered in papers developed by COPR in recent years such as explaining professionalism to principals, working in developing practice areas, and artificial intelligence. Looking for a speaker? The Academy Speakers Bureau provides qualified speakers on professionalism and public policy topics. | | | |
Actuarially Sound Covers Year’s Leg/Reg Highlights An Actuarially Sound blog post covers the year’s legislative and regulatory highlights in the five actuarial practice areas at both the state and federal levels. |
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Academy In the News - InsuranceNewsNet covered remarks by keynote speaker Jeff Bush, principal of Washington Update, on the policy and political landscape at the Academy’s Leadership Summit and Governance Transition event in Washington on Nov. 21.
- PropertyCasualty360’s “Around the P&C Insurance Industry” noted past Casualty Vice President Rade Musulin’s receipt of the Academy’s Jarvis Farley Service Award.
- The jointly sponsored Actuaries Longevity Illustrator was used to highlight longevity risk considerations in retirement planning by Yahoo!Finance and Barron’s.
- Best Review’s annual actuaries and auditors issue featured comments by former Life Vice President Jason Kehrberg on offshore reinsurance issues and Senior Health Fellow Cori Uccello on the individual health insurance market.
- A Reinsurance News story on regulatory developments affecting life insurers’ holdings of collateralized loan obligations noted the Academy’s work in this area.
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Webinar Covers Bias in AI | | | |
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Friday’s professionalism webinar, Identifying and Managing Bias in AI, covered potential model bias inherent risks in AI that can arise at multiple stages of actuarial data-driven decision making, from data collection and modeling to interpretation and implementation. Speakers Reva Schwartz and Gabriella Waters discussed how organizations can cultivate a “risk aware culture,” as well as roles, and responsibilities, practical strategies for mitigating bias across the AI cycle. The webinar is intended to meet the USQS bias requirement. A replay will be available soon on Academy Learning. |
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ABCD Case Study ‘Tales’ Webinar coming Dec. 19—The popular Tales From the Dark Side annual professionalism series featuring ABCD case studies will be held on Dec. 19. ABCD members Tim Geddes and Cande Olsen will present. Register today. | | | |
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Subcommittee Releases ILVA/RILA Policy Paper | | | |
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The Index-Linked Variable Annuity Subcommittee, part of the Life Products Committee, released a policy paper, Index-Linked Variable Annuity (ILVA)/Registered Index-Linked Annuity (RILA), which presents a description of definitions, relevant product considerations, and practices believed to be commonly used by actuaries employed by life insurance companies issuing RILA/ILVA products in the United States.
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Resource Center—Visit the online Resource Center to stay on top of the latest Academy news and activity. | | | |
P/C Loss Opinion Seminar Kicks off Monday The 2025 Seminar on Effective P/C Loss Reserve Opinions is being held Dec. 8–9 in Salt Lake City. The seminar is designed for P/C actuaries who prepare NAIC annual statements of actuarial opinion on P/C loss reserves. Look for coverage next week and on the Academy’s social media channels. | | | |
Webinar Covers Commercial Liability Survey of the Market Presenters at Tuesday’s Commercial Liability Survey of the Market webinar from the Academy’s new Commercial Liability Task Force previewed its first paper set to be released soon, and examined challenges facing the commercial market. Watch a replay on Academy Learning. |
Upcoming Webinars In addition to the membership and professionalism webinars noted above, join the Academy for these upcoming webinars to get some year-end CE: - PBR: VM-31 as Seen by Regulators (Dec. 12)—Have you wondered what your regulator thinks about your PBR report or how you stack up compared to other companies? This life webinar, featuring several state regulatory actuaries, will address these and related questions. Register today.
- Capital Markets: What Now? (Dec. 16)—Pension Committee presenters will address how uncertainties such as rising federal debt, demographic shifts, slowing globalization, and technological change add complexity to the market outlook. Register today.
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