This Week, Feb. 10 – 14, 2025

PUBLIC POLICY 

Issue Brief Examines Current, Future State of Long-Term Care Insurance

A new Long-Term Care Committee issue brief highlights the current state of long-term care insurance (LTCI). It focuses on policy design, the management of legacy blocks of business, policyholder engagement, and considers potential areas for continued uncertainty. Look for more coverage in the upcoming Winter HealthCheck.

LTCI Webinar—On Thursday, along with the release of the issue brief, the Health Practice Council held a webinar on the future of long-term care insurance. LTC Committee member Steve Schoonveld led a conversation with Connecticut’s Assistant Deputy Commissioner of Insurance Paul Lombardo and other members of the committee. Watch a replay on Academy Learning.

Public Policy in Brief

• The C1 Subcommittee presented an update to the Risk-Based Capital Investment Risk Evaluation (E) Working Group on their work determining comparable attributes of collateralized loan obligations.

Visit the Public Policy webpage to stay on top of the latest news and activity.

MEMBERSHIP

Spread the Word: New Membership Requirements Webinar, Feb. 27 

Calling all members to spread the word about an opportunity for your teams and prospective MAAAs to learn about the new member requirements. An informative New Membership Requirements Webinar will offer details on the Academy’s Competency Framework and new membership requirements for new members that will take effect on Jan. 1, 2026. It will be held on Feb. 27—register today. 

Volunteers—Share Your Feedback
The Academy is looking for any additional feedback and input from the Volunteer Survey sent in January. The deadlines have been extended to Feb. 28.

If you missed last month’s volunteer training on our newest volunteer engagement technology, or would like to watch it again, click here and log in to your member account.

• Interested in volunteering?—For information on how to become an Academy volunteer, visit the volunteer webpage or contact Volunteer and Member Engagement Manager Tony Washington at volunteer@actuary.org, or 202-223-8196.

OUTREACH & NEWS

Actuarially Sound Examines Lifetime Income Issues

The latest Actuarially Sound blog post, authored by Academy life and retirement practice policy project managers, highlights recent Academy work around lifetime income security, emphasizing the value of annuities and the “three-legged stool” for a secure retirement.

Academy Connects with College Students on Volunteerism, Professionalism Issues

The Academy’s 2025 outreach continued with presentations and discussions at two Midwestern universities:

• DePauw—Academy Board member Donna Megregian was the featured speaker for DePauw University’s 2025 Spring Risk Management, Insurance, and Actuarial Science Guest Speaker Series on Tuesday in Greencastle, Ind. Megregian discussed her experience as an Academy volunteer and how being part of the Academy’s mission connecting the profession’s expertise with bigger-picture societal and public policy needs can be a milestone for actuaries beyond the early milestones of learning actuarial science and earning practice-specific credentials. She also gave students a hands-on demonstration of the Actuaries Longevity Illustrator, developed jointly with the Society of Actuaries.

• Ohio State—Actuarial Board for Counseling and Discipline (ABCD) Director of Professionalism Ed Lee virtually presented an introduction to the ABCD to a group of actuarial science students at The Ohio State University in Columbus on Thursday. The students are taking a course aimed at helping prepare them to enter employment, and the ABCD overview provided a look at this critical part of the profession’s self-regulation that will benefit them as they embark upon their actuarial careers.

EDUCATION & EVENTS

Retirement Webinar to Examine CDC Plans
A Feb. 26 retirement webinar will feature members of the Retirement Policy and Design Evaluation Committee, who will discuss collective defined contribution (CDC) plans, how policymakers may want to think about them as a future retirement tool, and the committee’s recent publication on the topic. Register today.

Research Webinar Covers Behavioral Economics Issues

Monday’s research webinar, moderated by Research Committee Chairperson Grace Lattyak, explored three of the top submissions for the 2024 Academy Award for Research. The panel included last year’s award recipient, Doron Samuell. The three papers discussed offered insights on the application of behavioral economics in insurance with implications for the life, casualty, health, and retirement practice areas. Watch a replay on Academy Learning.

EVENTS CALENDAR

• Feb. 26: Collective Defined Contribution (CDC) Plans: What Are They and Could They Work in the U.S.?
• Feb. 27: The Academy’s New Membership Requirements: What You Need to Know
• March: Deep Dive on the Code (professionalism webinar)
• April 2–4: Academy Hill visits; Washington, D.C.
• May 22–23: Insuring the Future: Insurance Investment Summit; New York
• June 12: Future of Retirement Symposium; Washington, D.C.
• Sept. 8–10: Casualty Loss Reserve Seminar; Philadelphia
• September: Health Equity & Behavioral Health Symposium; Washington, D.C.
• Nov. 17–20: Life and Health Qualifications Seminar; Arlington, Va.
• Dec. 8–9: Seminar on Effective P/C Loss Reserve Opinions; Salt Lake City

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

ICYMI: The Record Recaps the Academy’s 2024 Accomplishments

In case you missed it, the 2024 edition of The Record—the annual report to Academy membership and the public—recaps last year’s strategic initiatives, our progress advancing professionalism and policy activities, and efforts to enhance member value with new benefits, along with the work of volunteers and staff in fulfilling the Academy’s mission to serve the public and the U.S. actuarial profession. Read The Record now.