|
|
RECENT ACADEMY ACTIVITY | | |
|
| |
|
|
Only have a minute? Catch up on this week’s top stories with the latest “This Week … In a Minute” video. Subscribe to our YouTube channel to receive alerts as they are released. | |
|
|
| | |
This Week—A Focus on Professionalism | | |
ASB Approves Second Exposure Draft of Proposed New Pricing Reinsurance ASOP | | |
CPC Comments on ASOP No. 30 The Casualty Practice Council (CPC) submitted comments on the second exposure draft of ASOP No. 30, Treatment of Catastrophe or Extreme Event Losses in Future Cost Estimates for Property/Casualty Risk Transfer and Risk Retention. | | |
Professionalism Counts: Preventing Misuse of Your Work As part of this year’s recognition of the 25th anniversary of the Code of Professional Conduct, the latest Professionalism Counts column, Preventing Misuse of Your Work, explains that because principals and other stakeholders make critical decisions based on actuarial services, actuaries bear a special responsibility not only to take appropriate steps to ensure that actuarial communications are clear and appropriate for the circumstances and the intended audience, but also to take reasonable steps to prevent them from being misused or misinterpreted. | | |
Professionalism Outreach to Employers Continues The Academy’s professionalism outreach to employers continued with Committee on Qualifications member Michelle Iarkowski presenting “A Professionalism Passport” to the Everest Group on July 9. The innovative presentation used the analogy of a plane trip to discuss professionalism as a process, from the pre-flight check (the Code of Professional Conduct) all the way through baggage claim (professionalism questions that actuaries may need to ask themselves after the journey). ▶ Speakers Bureau—The Academy is available to provide speakers to actuarial clubs, employers, and educational entities. The Speakers Bureau provides qualified speakers on professionalism and public policy topics. | | |
Next Week—Professionalism Webinar to Address Bias Two upcoming webinars will address bias issues, including next week’s professionalism webinar. ▶ July 22, Algorithmic Bias—Algorithmic Bias: It’s There, So What’s Being Done About It?, will feature presentations by members of the AI, Data Science, and Analytics Committee. Attendees may earn up to 1.2 organized, bias, and professionalism continuing education (CE) credits for attending this live webinar. Register today. ▶ July 30, P/C Bias—Bias in P/C Insurance: Current Research, Outreach, and Regulatory Engagement from the PCCEF will feature members of the P/C Committee on Equity and Fairness (PCCEF) presenting key insights from its forthcoming bias paper. Attendees may earn up to 1.8 organized and bias CE for attending this live webinar. Register today. | | |
Academy to Present on Professionalism at CLRS |
|
|
Academy General Counsel and Director of Professionalism Brian Jackson will present on professionalism at the 2026 Casualty Loss Reserve Seminar, Sept. 14–16 in Las Vegas. Jackson will moderate and present at the professional development session, “Sticking to Ethics in High-stakes Environments,” on Sept. 15. See the agenda for the event, sponsored jointly by the Academy and the Casualty Actuarial Society. Register today. | |
|
|
| | |
Up to Code: Perspectives From the ABCD In the latest Up to Code column, Perspectives from the ABCD—Don’t Be ‘That Actuary’, former Actuarial Board for Counseling and Discipline (ABCD) member John Stokesbury discusses the Code, in the context of the ABCD, citing Precept 12, which addresses the appropriate use of credentials and the need to ensure they are current. He also provides several examples of how actuaries can stay current on applicable CE requirements. | | |
Actuary Voices Features Author & Pricing Actuary Pietro Parodi |
|
|
In a new Actuary Voices, author and pricing actuary Pietro Parodi shares his unconventional path into the actuarial profession, from studying physics and AI to becoming one of the industry’s leading voices on pricing and actuarial modeling. Subscribe to Actuary Voices wherever you get your favorite podcasts. | |
|
|
| | |
Social Security One-Page Graphic Released The Social Security Committee released a one-page graphic showing highlights from the recently released 2026 Social Security Trustees Report, including information on the program’s financials and economics, impacts on the public—and what can be done going forward to keep the popular program solvent. | | |
Life Perspectives Previews August’s VM-22 Practitioners Forum The Summer Life Perspectives leads with a Q&A featuring PBR Implementation Subcommittee Chairperson April Shen, who explains why life actuaries involved with principle-based reserving (PBR) should attend the Academy’s VM-22 Practitioners Forum, Aug. 26 in Denver following the SOA ValAct. The newsletter also features the upcoming PBR webinar series and September’s Life and Health Qualifications Seminar, for which early discounts are still available. | | |
Contingencies Is Looking for a Puzzle Writer Do you love a good puzzle? Better yet, do you love creating them? Contingencies is looking for a volunteer to write its popular puzzle column. Read more and apply here. | | |
Public Employment Opportunity
The Texas County and District Retirement System is seeking a staff actuary to help ensure the plan’s funding and actuarial practices remain sound, data-driven, and aligned with professional standards and applicable guidance. See the posting on the Academy Career Center.
The Academy supports government employers who are seeking to hire qualified actuaries. See our Public Employment Opportunity Posting Policy for more information. | | | |
In the News - Yahoo! Finance‘s reporting on an estimate of the annual Social Security cost-of-living adjustment includes a link to the Academy’s Social Security Challenge.
- An independent regulatory update highlighting the NAIC Risk-Based Capital Investment Risk and Evaluation (E) Working Group’s adoption of a framework for collateralized loan obligation factors noted the Academy’s work in this area.
| | | |
|
Having trouble viewing this email? View it in your browser. | |
|
©$$DATE_YEAR(en)$$ American Academy of Actuaries. All rights reserved. | | | | | | | | | |
|
