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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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Academy Closed for Independence Day |
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This Week will not be published next week, and the Academy will be closed on Friday, July 4th, for Independence Day. The June Actuarial Update will be published on Monday, June 30. | | | |
Your Input Matters—2025 Member Value Survey Underway The Academy launched its 2025 Member Value Survey, developed in collaboration with McKinley Advisors. The survey is an important opportunity for members to provide feedback and insights that will help the Academy better understand and respond to the evolving needs of actuaries and your employers, clients, and other stakeholders we serve. Your voice is essential to ensure the Academy’s member resources, benefits, and services remain relevant, impactful, and responsive to your needs. This year’s survey explores where the Academy is excelling, where we can improve, and what new opportunities we should pursue to better support you, the U.S. actuarial profession, and the public. Unique Survey Link—Members should check for an Academy email sent today, June 27, inviting you to participate in the survey. Please complete the survey today using your unique survey link—and please do not share your personalized link with others.
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Next Week—Webinar to Offer Deep Dive on Social Security Trustees Report The Academy will hold a free webinar on Tuesday, July 1, offering a deep-dive on the 2025 Social Security Trustees report. The webinar will feature Social Security Administration (SSA) Chief Actuary Karen Glenn, along with two senior SSA actuaries. Academy Social Security Committee Chairperson Sam Gutterman will act as moderator. Actuaries may earn U.S. Qualification Standards (USQS) continuing education (CE) and non-core JBEA credit for the live event. Register today. | | | |
Highlights from the 2025 Social Security Trustees Report | | |
Registration Open for December’s P/C Loss Opinion Seminar Registration is open and early discounts are available for the Academy’s annual Seminar on Effective P/C Loss Reserve Opinions, set for Dec. 8–9 in Salt Lake City. Called by one past attendee “a great distillation of changing requirements and rules, as well as a good pooling of experience,” the seminar is designed for P/C actuaries who prepare NAIC statements of actuarial opinion. Secure your early discount—register today. And, new this year—a webinar designed for first-time opinion writers or those seeking a refresher will be offered prior to the event; see the website for more details.
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Joint Professionalism/Life Webinar Examines ASOP No. 2 Tuesday’s webinar on the Actuarial Standard of Practice (ASOP) No. 2 practice note released earlier this year featured presenters from the Life Practice Council’s Non-Guaranteed Elements Subcommittee. Watch a replay on Academy Learning. | | | |
Issue Brief Examines Post-Pandemic LTC Insurance A health issue brief, The Impact of COVID-19 on Long-Term Care Insurance Experience—2025, covers the evolution of long-term care insurance (LTCI) since the COVID-19 pandemic began five years ago. It is a follow-up to the January 2021 issue brief that addressed a broad array of issues and questions impacting, or potentially impacting, the LTCI market. Casualty Quarterly Examines Commercial Liability Insurance The Summer Casualty Quarterly leads with a Q&A with leaders of the Commercial Liability Insurance Task Force, who discuss key definitional issues, recent developments, and the group’s goals moving forward. Also in the issue, the Casualty Practice Council's (CPC) participation in the Academy’s Hill visits, and recent P/C-related legislative and regulatory activity. Academy Attends SOA Health Meeting Academy staff attended the Society of Actuaries (SOA) Health Meeting in Dallas, networking with actuaries, analysts, and health industry professionals to discuss the impacts of the latest marketplace factors and trends. - Resource Center—Visit the online Resource Center to stay on top of the latest Academy news and activity.
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Actuarially Sound Marks Insurance Awareness Day An Actuarially Sound blog post marks National Insurance Awareness Day (June 28), citing a recent Contingencies article by Social Security Committee Chairperson Sam Gutterman on increasing insurance literacy, and the Academy’s work in multiple practice areas. Actuary Voices Features SAGAA President Craig Chu The latest Actuary Voices episode features a conversation with Sexuality and Gender Alliance of Actuaries (SAGAA) President Craig Chu, who discusses his journey to becoming an actuary and his role as SAGAA’s president. Listen and subscribe to Actuary Voices wherever you get your favorite podcasts. Academy Presents on Data Bias to Indianapolis Club Data Science and Analytics Committee (DSAC) member Alex Esche presented “An Actuarial View of Data Bias: Definitions, Impacts, and Considerations” to the Actuarial Club of Indianapolis in Carmel, Ind., on Thursday, providing an explication of this important topic with highlights from the 2023 issue brief of the same name. Topics discussed included key definitions and diagnostics, examples of data bias and bias analysis, and potential approaches to mitigating bias. - Looking for a speaker? The Academy Speakers Bureau provides qualified speakers on professionalism and public policy topics.
Student Résumés Available from Actuarial Educators Actuarial Educators has created a résumé book of students interested in entry-level actuarial positions for recruiters and hiring managers seeking access to candidates who have successfully passed at least one actuarial exam. Access and distribution will be granted upon review by Actuarial Educators. If your application is approved, the book will be provided at no cost to you or your company. To request a copy, visit www.actuarialeducators.org. Academy In the News - A GoBankingRates retirement planning article, also published on AOL and Yahoo! Finance, discusses the jointly sponsored Actuaries Longevity Illustrator in connection with setting a planning horizon. MSN also cited the illustrator.
- Individual and Small Group Markets Vice Chairperson Tammy Tomczyk addressed the role of state regulation and factors health insurers may consider in vaccine coverage in a subscriber-only STAT News story about recent changes in the Advisory Committee on Immunization Practices.
- A subscriber-only P&C Specialist story on the National Oceanic and Atmospheric Administration's (NOAA) plans to retire the Billion-Dollar Weather and Climate Disasters database cites the joint June 5 comment letter to NOAA by the CPC, the Risk Management and Financial Reporting Council, and the Research Committee, highlighting concerns about retiring the database.
- NTD cited findings from the Academy’s 2022 issue brief on raising Social Security’s normal retirement age.
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