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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 Contributes Actuarial Expertise and Policy Insights at NAIC Spring Meeting In its role as the national actuarial association and voice of the U.S. actuarial profession, the Academy was represented by volunteers and staff who delivered a broad range of presentations and project updates at the NAIC Spring National Meeting in Indianapolis. President Darrell Knapp represented the Academy—including giving updates on the Committee on Qualifications and the Actuarial Board for Counseling and Discipline—and Actuarial Standards Board (ASB) Chairperson Kevin Dyke gave an update on ASB activity to NAIC actuarial task forces. The three practice councils offered updates on their work to the respective life, health, and casualty actuarial task forces. Other presentations included an update on long-term care and health risk-based capital from the Health Practice Council, an update on life risk-based capital projects and the VM-22 field study from the Life Practice Council, and an update on casualty risk-based capital from the Casualty Practice Council. See a rundown of the many presentations and updates on the Public Policy webpage. Of particular note was the first in-person meeting of NAIC’s new Risk-Based Capital (RBC) Governance Model (EX) Task Force. The Academy offered verbal comments to the Task Force in Indianapolis, which echoed comments from the Academy’s joint practice-council comment letter which was submitted in mid-March. These contributions reflect the Academy’s commitment to sound public policy and actuarial professionalism—highlighting the value of membership for U.S. actuaries and their employers, and the Academy’s role as a trusted resource for regulators and policymakers. Look for more coverage in the upcoming March Actuarial Update and the Academy’s regular post-meeting recap, which will be available in early April.
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Professionalism Webinar Covers the Code Friday’s professionalism webinar, A Deep Dive Into the Code of Professional Conduct, featured Knapp and the Academy’s previous presidents Lisa Slotznick and Ken Kent. They presented on the Code of Professional Conduct, which identifies the responsibilities actuaries have to the public, their clients and employers, and the profession. Presenters drew on their deep experience in an engaging discussion of the Code’s precepts, including Precept 1, which Knapp said, “essentially requires you to act honestly, with integrity, and not do anything that would harm the reputation of the profession.” The webinar wrapped up with a lively Q&A session. Read more in the upcoming Actuarial Update, and if you’re a member of the Academy, remember that you can watch the replay for this and all previous webinars on Academy Learning, a free member benefit. | | |
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Get an Early Discount to May’s Insurance Investment Summit Registration is heating up and there’s still time to secure an early discount for the Academy’s Insuring the Future: Insurance Investment Summit, May 22–23 in New York City. The inaugural event will bring together insurance investment professionals, including actuaries, asset managers, and executives from the life, retirement, health, and property-casualty sectors. See the full agenda. Early-registration discounts are available through March 31—including a great hotel discount that can be extended to enjoy New York City through the Memorial Day weekend. Register today. Read moreRead a Q&A with Academy Life President Jason Kehrberg in the latest Life Perspectives on what makes this event unique, the inspiration behind the event, and other insights. CLRS Call for Papers—Deadline Extended to April 7 The 2025 Casualty Loss Reserve Seminar & Workshops (CLRS), presented jointly by the Academy and the Casualty Actuarial Society, released a call for papers for the CLRS, set for Sept. 8–10 in Philadelphia. The deadline for proposals has been extended through April 7 at 11:59 p.m. EDT—for more and to submit, visit the Call for Papers webpage. | | |
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Attend Two Volunteer Webinars in April The Academy will hold two volunteer webinars next month, one tailored for committee chairpersons and vice chairpersons and one for general committee members. Committee LeadershipOn April 9, the Onboarding Volunteer Webinar for Committee Chairpersons & Vice Chairpersons will cover governance-related topics including strategic planning, roles and responsibilities, structures, policies, and other topics that are specific to volunteer leaders. Register today. General Committee MembersOn April 22, the Onboarding Volunteer Webinar for General Committee Members will cover understanding the Academy’s role, areas to volunteer in, roles and responsibilities, guidelines and policies, best practices for volunteers, and other topics specific to volunteering. Register today. | | |
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DC Committee Releases Decumulation Issue Brief The Pension Committee’s Defined Contribution (DC) Subcommittee released an issue brief, Decumulation Strategies: Creating Lifetime Income from Defined Contribution Plans, which outlines the insured and non-insured options available through employer-sponsored DC retirement plans. It also compares these options across key features and strategies. The subcommittee also published an issue brief executive summary. HPC Releases Summary of SOA Research institute ‘ACA at 15’ Report The Health Practice Council (HPC) released a summary of findings from a new Society of Actuaries Research Institute report, The ACA @ 15 – Tracking Prior and Emerging Results since its Inception, that discusses the report’s policy implications. Award for Research Deadline—April 15 A reminder to submit entries for the Academy’s third annual Award for Research. This year’s theme is “Bias in Assessing Financial Risk: Origins, Detection, Mitigation.” The submissions deadline is April 15. For full information and to submit, click here. | | |
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Life Perspectives Offers Insight on May’s Insurance Investment Summit The Spring Life Perspectives highlights key topics to be discussed at May’s Insurance Investment Summit, previews next week’s Academy Hill visits, and covers recent life-related legislative and regulatory activity. In the News• CBS News quoted Senior Health Fellow Cori Uccello in a story on physical therapy insurance coverage session limits. • Wealth Update reported on the Actuaries Longevity Illustrator, developed jointly by the Academy and the SOA. • InsuranceNewsNet quoted Tricia Matson, chairperson of the Prudential Regulation Committee and Academy president-elect, on risk-based capital.
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Visit the Events Calendar for a complete listing of Academy events, and visit Academy Learning for webinar recordings and other Academy content. |
Next Week—Academy ‘Hill Visits’The Academy will hold its annual “Hill visits” next week in Washington, with volunteers and staff from all practice areas meeting with congressional staff, focusing on the key public policy and professionalism issues. In case you missed it, see the Actuarially Sound blog post previewing the visits, and look for real-time coverage on the Academy’s social media channels.
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