Academy Engages With Canadian Actuarial Students
 Academy President-Elect Darrell Knapp and Executive Director Bill Michalisin interacted with over 700 aspiring actuaries at Canada’s Actuarial Students National Association (ASNA) annual convention Jan. 19-21 in Montreal, including participating in ASNA’s career fairs and presenting with Academy Manager, Governance & Board Relations, Claire Mickelson to students-in English and French-on the importance of professionalism, and what it takes to practice in the U.S. and become an Academy member.
Pension Committee Releases Church Plans Issue Brief
The Pension Committee released an issue brief, Church-Sponsored Retirement Plans-Overview and Considerations, which discusses the broad range of church plans and practices. “Because of their exemption from ERISA, church-sponsored plans and plans of church-affiliated hospitals generally have more flexibility than other private pension plans regarding important practices, such as how benefit funding, stability, and security can be managed,” said Academy Senior Pension Fellow Linda K. Stone. Read the Academy press release.
Coming Next Week-Volunteer Action Needed on COI/CE
The Academy will begin the annual process of contacting volunteers and interested parties by email next week to obtain required acknowledgments of conflict of interest (COI) and continuing education (CE) policies. Volunteers who serve on boards, councils, committees, subcommittees, task forces, and work groups are required to annually acknowledge the COI policy that applies to all who participate in Academy work. Volunteers who are members also must attest they meet U.S. Qualification Standards’ CE requirements. Click here to read more about this essential tool in place to ensure the professional objectivity and independence of Academy volunteers.
Life/Pension Webinar Examines Pension Risk Transfer
Thursday’s pension/life webinar, “Group Annuity Contracts for Pension Risk Transfer,” followed up on the popular Envision Tomorrow breakout session in bringing together subject matter experts for a discussion covering regulatory and structural evolution of insurance companies that provide pension risk transfer group annuity contracts. An on-demand recording is available as an Academy member benefit.
Advance Your Career With the Academy’s Career Center
The Academy’s new Career Center is a one-stop shop for job seekers and employers looking to make a match. With resources such as resume and interview tips, the Career Center can help you be the best candidate you can be. Explore job opportunities, post your resume confidentially (for free!), and apply easily online-visit the Career Center today.
Professionalism Outreach
Lee (fourth from right) with Mexican actuarial students in Chicago
Actuarial Board for Counseling and Discipline Director of Professionalism Ed Lee presented in Chicago on Monday to a group of young actuaries and actuarial students visiting the U.S. from Mexico, in an event hosted by the Universidad Nacional Autónoma de México and the Colegio Actuarial Mexicano.
Academy Speakers Bureau-The Academy provides qualified speakers to actuarial clubs and organizations to help members fulfill their professionalism continuing education requirements and be more informed on public policy issues. For more information and to request a speaker, visit the Academy website.
Recently Released
The Winter Casualty Quarterly covers the Medical Professional Liability Committee’s plans for 2024, including a call for new committee volunteers; the Committee on Property and Liability Financial Reporting’s annual practice note on statements of actuarial opinion; actuarial standard of practice (ASOP) exposure drafts open for comment; and recaps of Academy presentations to the NAIC.
Public Policy in Focus
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The Climate Change Joint Committee released an issue brief, ESG and the Actuary, which is intended to present some of the basics of environmental, social, and governance (ESG) considerations as actuaries contemplate how ESG considerations may impact their work.
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The Prudential Regulation Committee released an issue brief, Introduction to Insurance Group Capital Requirements, which provides an overview of insurance group capital requirements, with a focus on U.S. application, including a discussion of the two primary approaches used to determine group capital.
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The Health Care Delivery Committee, Individual and Small Group Markets Committee, and Active Benefits Committee sent a letter to the U.S. Senate Committee on Health, Education, Labor, and Pensions (HELP) in response to the committee’s request for information on access to gene therapies for patients with an ultra-rare disease.
Visit the Public Policy webpage to stay on top of the latest news and activity.
 Events Calendar Highlights
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Save the Date-March 5 [Webinar] P&C Bias Issues
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Sept. 9-11 [Seminar] Casualty Loss Reserve Seminar, San Francisco (co-sponsored by the Academy and the Casualty Actuarial Society)
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Oct. 15-16 [Annual Meeting] Envision Tomorrow 2024, Washington, D.C.
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Nov. 4-7 [Seminar] Life and Health Qualifications Seminar, Arlington, Va.
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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.
P/C Opinion-Writing Seminar Set for New Orleans in December
Save the date for the Academy’s 2024 Seminar on Effective P/C Loss Reserve Opinions, which will be held Monday and Tuesday, Dec. 9-10, in New Orleans. More details will be coming soon.
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