|
Geralyn Trujillo Joins Academy as Senior Director of Public Policy
 Geralyn Trujillo joined the Academy as senior director of public policy. Trujillo-who began her extensive public policy career as the Academy’s senior health policy analyst-was most recently at Aflac, where she was director of public policy and regulatory affairs. Academy Executive Director Bill Michalisin, in the news release announcing Trujillo’s addition to the Academy, lauded her impressive track record in public policy and as a communicator, saying her addition “will help strategically advance the Academy’s important and wide-ranging work advising policymakers on the financial security systems that impact millions of Americans.”
New DSAC Paper Looks at Data Bias
 The Data Science and Analytics Committee (DSAC) released an issue brief, An Actuarial View of Data Bias: Definitions, Impacts and Considerations. The issue brief-the first in a new DSAC series, “Additional Considerations in Data Science”-looks at the key types of data bias that actuaries may encounter and focuses on the kinds of biases found in modeling data and the implications for algorithmic outcomes.
Academy Highlights Work Products at NCOIL Summer Meeting
 Academy staff attended the National Council of Insurance Legislators Summer Meeting in Minneapolis, highlighting Academy work products to insurance legislators, regulators, and industry and stakeholder interest groups. They included a P/C comment letter to the IRS on micro-captives, and two issue briefs-Navigating Workers’ Compensation and Medical Marijuana and Implications of Hospital Price Transparency on Hospital Prices and Price Variation.
Issue Brief, Health Webinar Examine 2024 Premium Drivers
The Individual and Small Group Markets Committee released Drivers of 2024 Health Insurance Premium Changes, which looks at factors for actuaries to consider in 2024 premium rate-setting for Affordable Care Act-compliant plans and why premiums could differ from 2023. The Academy also sent the issue brief to key congressional health staff members. Committee members provided an overview of these drivers during a Wednesday webinar-slides and audio are available as a complimentary member benefit.
Academy Presents to ERISA Advisory Council
Academy Senior Life Fellow Nancy Bennett and Paul Navratil, chairperson of the Life Investment and Capital Adequacy Committee, presented on Tuesday to the U.S. Department of Labor’s ERISA Advisory Council public meeting on pension risk transfers. They gave an overview of life insurance regulations focused on the regulatory framework governing solvency requirements, including the establishment of liabilities and required capital for benefit obligations that are the result of a pension risk transfer. The Academy also submitted the recent pension issue brief, Buy-Out Group Annuity Purchase Primer, for the meeting record.
Ten Days Left for LHQ Seminar Early Registration Discounts
Early registration rates run through the end of July for the 2023 Life and Health Qualifications Seminar, set for Nov. 6-9 in Arlington, Va. The annual LHQ Seminar delivers three days of training and instruction, with an optional fourth-day exam, and provides the opportunity to earn up to 27 hours of continuing education credit. Early registration ends July 31-register today.
PBR Bootcamp Next Week
The next session in the PBR Bootcamp series, which will focus on liability modeling, will be held next Wednesday, July 26, from noon to 1:30 p.m. EDT. Register today.
Webinar to Look at Climate Risk
Members of the Climate Change Joint Committee will present at next month’s webinar, “How Climate Change Risk Applies to All Actuaries.” They will discuss physical risks that impact all forms of financial security systems related to climate risk. The webinar is set for Aug. 9; registration will open soon.
Professionalism Outreach
Donna Megregian, a member of the Actuarial Standards Board’s Life Committee, delivered the professionalism session Monday at the 2023 Farm Bureau Actuarial Conference in Gatlinburg, Tenn. In “A Look at Ethics and Professionalism,” she highlighted areas on which actuaries seek guidance from the Actuarial Board for Counseling and Discipline (ABCD), types of cases that come before the ABCD, and considerations for working through ethical dilemmas.
Recently Released
The Summer Retirement Report recaps the widespread coverage of the Academy’s Social Security Challenge; the nomination of Jason Russell, a member-selected director since 2020, to be the Academy’s next pension vice president; and the Pension Committee’s recent issue brief on buy-out annuity contract transactions.
In the News
-
Norman Niami, chairperson of the Committee on Cyber Risk, discussed cyber accumulation risk and the Cyber Risk Toolkit in an episode of Insurance Journal‘s Insuring Cyber Podcast.
-
Axios cited comments from speakers at Wednesday’s Academy health webinar on 2024 health insurance premium drivers, and cited the new issue brief. Lincoln, Neb., television station KLKN and other TV outlets around the country also covered the issue brief release, as did Fierce Healthcare and Advisor Magazine.
-
AOL cited the Academy for data on the average age at which people start collecting Social Security benefits.
-
The Academy’s comments on proposed IRS rules related to guidelines for identification of microcaptive insurance companies were cited in a Think Advisor story.
Events Calendar
Visit the Events Calendar for the latest updates on Academy events, including links to post-webinar slides and audio.
Save the Date-Call for Volunteers Webinar Set for Aug. 10
Save the date for an Aug. 10 webinar that will provide more information on the Academy’s upcoming annual Call for Volunteers. All Academy members interested in volunteering are encouraged to attend this informational session. You’ll learn more about the Academy, the benefits of volunteering, and examples of available volunteering opportunities. Speakers will also walk through a few questions from the annual survey, which will open at the end of July and close on Tuesday, Sept. 5.
|
