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RECENT ACADEMY ACTIVITY | | |
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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. | |
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This Week—A Focus on Public Policy Academy Holds Successful Second Insurance Investment Summit | | |
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The closing session on regulator insight and response | | | |
The Academy held its second Insuring the Future: Insurance Investment Summit in New York Tuesday and Wednesday, bringing together more than 100 investment actuaries, asset managers, regulators, and insurance executives for insightful discussion and knowledge-sharing. Golub Capital President David Golub’s keynote—and a subsequent discussion moderated by Stewart Foley, founder and senior advisor to InsuranceAUM.com—offered insights into the evolving investment landscape for insurance companies. They explored the latest trends and innovations in asset allocation and risk management, giving attendees foresight to adapt and thrive in an increasingly complex market. Other sessions offered regulatory insight and navigating regulatory guidelines; how portfolio shifts are reshaping life insurer investments; reinsurance structures and investment implications; and asset modeling essentials for actuaries. The event also featured a new offering—pre-summit CE sessions that offered technical training in asset classes, a modern life insurer’s investment portfolio, and regulatory guidelines. ▶ Media mention—The Wall Street Journal covered comments during the summit's closing regulatory session by Wisconsin Insurance Commissioner Nathan Houdek regarding last week’s meeting between the NAIC and Treasury Secretary Bessent focused on the life insurance sector.
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Academy Awards Nominations Due May 19 A reminder that member nominations are due May 19 for the Academy’s annual service and recognition awards—the Jarvis Farley Service Award, Robert J. Myers Public Service Award, Outstanding Volunteerism Awards, and Rising Actuary Awards—the latter two are typically bestowed to multiple recipients.
To nominate, visit actuary.org/awards. | | | |
Academy Presents at CAS Spring Meeting | | |
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Casualty Policy Project Manager Rob Fischer (left) & P/C Committee on Equity and Fairness Chairperson Tyson Mohr at CAS | | | |
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Academy staff and volunteers attended and presented at the Casualty Actuarial Society’s (CAS) Spring Meeting in New York, May 3–6. Those attending included President Tricia Matson, President-Elect Frank Todisco, Executive Director Bill Michalisin, Casualty Vice President Susan Kent, and Climate Change Joint Committee (CCJC) Chairperson Seong-min Eom, who is also a past vice president, risk management and financial reporting. They and other public policy staff and volunteers, along with professionalism staff, engaged and interacted with CAS meeting attendees on Academy membership, volunteering, and research, as well as public policy and professionalism issues. Academy presentations included: ▶ Kent, along with Automobile Insurance Committee Past Chairperson Jared Smollik and committee member Margo MacKenzie, presented Cost Drivers in Automobile Insurance. ▶ Eom, along with CCJC members Dorothy Andrews and Nate Luketin, presented the session When the Climate Changes the Odds: Actuarial Insights from Attribution Science. ▶ Homeowners’ Insurance Task Force Vice Chairperson Emma Casehart and member David Reyes presented the session Replacement Cost of a Home.
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Academy Attends NAIC International Forum |
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Public Policy Outreach Director Katie Dzurec attended the NAIC’s International Forum, May 7–8 in Washington. More than 300 attendees from around the world joined in conversations about insurance modernization, resilience, and oversight in a time of acknowledged uncertainty. Speakers shared their insights on AI opportunities, positives and negatives of innovation, and layers of consumer engagement and protection, among other topics. Academy Outreach—Bias Considerations, Health Trends ▶ Research Committee member Andrew Larocque presented “Discrimination: Considerations for Algorithms and Data” at the Actuaries’ Club of Boston's meeting on Wednesday. His presentation focused on takeaways from the Data Science and Analytics Committee policy paper, Discrimination: Considerations for Machine Learning, AI Models, and Underlying Data, including an exploration of case studies and relevant regulatory developments. ▶ Active Benefits Committee Chairperson Ben Rayburn led a virtual session on trends in the employer health insurance market at the Association of Federal Health Organizations’ May 6 meeting. He highlighted coverage sources and factors contributing to rising healthcare costs, providing an actuarial lens to the group, which represents carriers serving federal government and postal employees and retirees. | | | |
Actuarially Sound Recaps Virtual Health Summit |
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The latest Actuarially Sound blog post recaps last month’s Academy Virtual Health Summit, which featured members of the Health Equity Committee and a keynote by Rishi Manchanda, M.D. Public Policy in Action - The Committee on Cyber Risk submitted a comment letter to the Federal Insurance Office (FIO) within the U.S. Department of the Treasury on its request for comments on the “2026 Report on the Effectiveness of the Terrorism Risk Insurance Program.”
- The Longevity Risk Task Force submitted C-2 discussion topics for 2026 to the NAIC Longevity Risk (E/A) Subgroup.
- C-1 Subcommittee Chairperson Steve Smith gave an update on Residual Tranches and Portfolio Adjustment Factors in the collateralized loan obligation (CLO) comparable attributes project to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group.
▶ Resource Center—Visit the Resource Center to stay on top of the latest Academy news and activity. | | | |
Volunteer Video Explains Academy’s Peer Review Process | | |
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Interested in the peer-review process for work products developed by Academy volunteers? A new video moderated by Director of Public Policy Matthew Sonduck features longtime Academy volunteers from the casualty, life, health, and retirement practice councils offering an overview of the Academy’s public policy peer-review process, its role and importance, practice and cross-practice considerations, examples and reconciliation, as well as FAQs and resources. This new resource for Academy volunteers is available on Academy Connect. ▶ Become a volunteer—Interested in volunteering with the Academy? Learn about the Academy’s many volunteer opportunities, including how to become a peer reviewer.
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Next Week—Free Webinar on Member-Selected Director Nominations | | |
Register for This Summer’s Academy Webinars | | |
Contingencies Wins National Azbee Award |
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Contingencies Editor-in-Chief Preeti Vasishtha won a national Silver Azbee Award for “Innies and Outies and the Interconnected World of Actuarial Work,” a series of 2025 Editor’s Notes in the Academy’s flagship magazine. The Azbees are sponsored by the American Society of Business Publication Editors and are among the most competitive awards for business, trade, association, and professional publications. | | | | |
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