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Academy Announces Inaugural Public Policy Research Award
The Academy has introduced a new award for early-career scholars whose work contributes significantly to an actuarial perspective on a public policy issue of interest to U.S. actuaries and public policymakers. The theme for this year is climate change/climate risk and the award includes a monetary prize of $7,500 and invitations to present the work at the Academy’s Annual Meeting and/or at the Actuarial Research Conference at Drake University. Read the full announcement here.
COQ Seeks Your Input for Webinar on Qualifications
The Committee on Qualifications (COQ) is seeking input-in the form of questions and comments-to help the COQ develop a webinar on qualifications, including changes to the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States that took effect Jan. 1, 2022. Have a question you’d like answered? Send it to professionalism@actuary.org.
Academy Offers Actuarial Perspective for State of the Union Address
 The Academy offered background information on Social Security, Medicare, climate risk, and other major public policy topics on its social media platforms in advance of this week’s State of the Union address, during which President Biden talked about these issues.
Academy Outreach-Introductory Letters to Members of Congress, NAIC Commissioners
The Academy sent letters of introduction to members of Congress and to National Association of Insurance Commissioners (NAIC) members, outlining the Academy’s efforts on a host of public policy issues across all practice areas, including comment letters to NAIC and congressional committees on those issues, policy papers, and related materials as part of the Academy’s mission to serve the U.S. public and the actuarial profession.
Registration Open for March 15 Kickoff PBR Bootcamp Webinar
Registration is open for the first PBR Bootcamp webinar in a series presented by the PBR Implementation Work Group. “PBR Bootcamp: Governance and Reporting” on March 15 will offer an introduction to VM-20 (life insurance) and VM-21 (variable annuities) and cover model governance, assumption governance, and NAIC report improvements. Register today.
Don’t Miss This Month’s Pension Webinar
Register today for “Measuring Pension Obligations for Difficult-to-Value Plan Provisions: A Discussion of the Practice Note,” a pension webinar to be held on Feb. 22 from noon to 1:30 p.m. EST. Continuing education and Joint Board for the Enrollment of Actuaries continuing professional education credit will be available. Register today.
 Recently Released
The Winter 2023 HealthCheck leads with a Q&A on cost-sharing reductions with several members of the Individual and Small Group Markets Committee. Also in the issue, highlights of health sessions from the Academy’s “Envision Tomorrow: 2022 Annual Meeting.”
Public Policy in Focus
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The Public Plans Committee published a practice note detailing considerations for working with public defined benefit pension plans that use fixed-rate funding.
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The Health Solvency Subcommittee sent a comment letter responding to a request from the NAIC’s Health Risk-Based Capital (E) Working Group to provide additional investment return scenarios within the subcommittee’s summary of the Investment Income Adjusted Health H2 Experience Fluctuation Risk Factors.
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The Casualty Practice Council met with officials from the U.S. Government Accountability Office on pandemic insurance issues.
Visit the Public Policy page to stay on top of the latest news and activities.
In the News
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“The Numbers” column in The Wall Street Journal, published Friday, spotlights longevity risk and includes illustrations from the Actuaries Longevity Illustrator, jointly sponsored by the Academy and the Society of Actuaries.
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The longevity illustrator was also referenced in a Wealth Management column by prominent retirement and aging columnist and podcaster Mark Miller, published Thursday.
Events Calendar
Visit the Events Calendar for the latest updates to past and upcoming Academy offerings.
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