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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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ICYMI—Actuarial Update Highlights Spring Policy Summit, Academy Events | | | |
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In case you missed it, the January Actuarial Update covers the Academy’s upcoming events, leading with the March 9 Spring Policy Summit in Washington, D.C., which will be followed by the annual Hill visits with federal policymakers. Other policy events include the April 16 health summit, which will be held in Washington; the second Insurance Investment Summit in New York, May 12–13; and the annual fall retirement symposium in September. Also in the issue, the kickoff of the yearlong “Professionalism Counts” series on the Code of Professional Conduct’s 25th anniversary. Contingencies Web Exclusive Examines Evolving Cyber Insurance Market
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The latest Contingencies web exclusive, Cyber Insurance Nears an Inflection Point, explores the evolving cyber insurance market. After years of rapid expansion, premium growth has slowed—but the market remains profitable and full of untapped opportunity, particularly among mid-sized and smaller enterprises. Cyber Risk Committee Chairperson Sam Tashima discusses opportunities for growth and more in the article, and offers highlights in an accompanying short video.
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- The Financial Analyst mentioned Academy Director of Research Steve Jackson’s reappointment to the Federal Reserve Board’s Insurance Policy Advisory Committee (see story, below).
- The Academy provided background to STAT News for a story on at-home health and genetic tests.
- Chief Investment Officer’s reporting on the recently released Pension Benefit Guaranty Corporation (PBGC) annual report cites comments from Academy Retirement Vice President Bruce Cadenhead, including on the impacts of the congressionally mandated single-employer premium structure.
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Feb. 10 Webinar to Cover PBGC Dispute Resolution Next week’s retirement webinar, Navigating PBGC Disputes: Insights from the Plan Sponsor Advocate, will offer insights on how the PBGC’s Office of the Participant and Plan Sponsor Advocate helps resolve disputes. Anne Henderson and Emily Spreiser from the PBGC will present with Pension Committee Chairperson Grace Lattyak serving as moderator on the Feb. 10 webinar. Register today. PBGC Annual Report—The PBGC released its 2025 Annual Report in late January. Read the Academy news release, with comments from Retirement Vice President Bruce Cadenhead. Casualty Webinar Offers RBC Insights Wednesday’s Key Insights From the P/C RBC Committee casualty webinar offered a detailed examination of the committee’s dependency report to the NAIC and the committee’s work, as well as an understanding of the critical issues surrounding P/C risk-based capital (RBC) issues. Watch a replay on Academy Learning. | | | |
ASB Adopts Revisions of ASOP Nos. 7, 20 | | | |
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Life Paper Examines Fixed Indexed Annuities | | | |
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A new Life Experience Committee policy paper, Fixed Indexed Annuities—Product Mechanics and Risk Management gives an overview of fixed indexed deferred annuities. The paper covers product features, underlying investments, modeling assumptions, asset liability modeling, hedging considerations, and reserve requirements. Actuary Voices Spotlights Academy’s Public Policy Work The latest Actuary Voices episode features a conversation with Academy Public Policy Directors David Alpher, Katie Dzurek, and Matthew Sonduck, along with host Ted Gotsch, discussing the upcoming Hill visits in March, how the Academy interacts with state and federal policymakers, and key 2026 policy topics. Listen and subscribe to Actuary Voices wherever you get your favorite podcasts. ESG Subcommittee Seeks Volunteers to Develop Practice Note The Economic Scenario Generator (ESG) Subcommittee is seeking volunteers to help develop a practice note on the application of economic scenario generators for life valuation. The use of the new NAIC GOES model will be an important part of the practice note. The subcommittee is seeking individuals with valuation expertise to help supplement the depth of ESG expertise currently in the subcommittee. If interested, please email Academy Life Public Policy Project Manager Amanda Barry-Moilanen at barrymoilanen@actuary.org.
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- The Longevity Risk Task Force provided responses to questions posed by the NAIC Longevity Risk (E/A) Subgroup regarding a framework for the RBC C-2 charge for longevity reinsurance.
Resource Center—Visit the Academy Resources webpage to stay on top of the latest Academy news and activity. | | | |
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Steve Jackson Reappointed to Fed Insurance Policy Committee Academy Director for Research Steve Jackson was reappointed to the Federal Reserve Board of Governors’ Insurance Policy Advisory Committee (IPAC). The IPAC, established by the Economic Growth, Regulatory Relief, and Consumer Protection Act, provides information, advice, and recommendations to the board on domestic and international insurance issues. Read the Fed press release. Academy Co-Sponsoring NAWA Actuarial Research Study | | | |
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The Network of Actuarial Women and Allies (NAWA) along with the Academy, the Society of Actuaries (SOA), and the Casualty Actuarial Society (CAS) are cosponsoring an important research study to: |
- Identify the biggest challenges to success in the actuarial profession, including finding the field, exams, employment, and traveling up the leadership pipeline to the C-suite; and
- Understand the journey and any missing resources in order to ascertain key touchpoints the organizations can improve to support candidates pursuing an actuarial career more effectively.
Academy members who are also members of SOA or CAS should have received an invitation to participate from those organizations. | | | | |
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