|
|
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. | |
|
|
| | |
|
Note: The October Actuarial Update will be published next Friday, Oct. 30. There will be no issue of This Week that day. | | |
Need Year-End CE? Earn Professionalism CE at December’s ‘Tales From the Dark Side’ | | |
|
Registration is open for the Academy’s annual Tales From the Dark Side professionalism webinar on Dec. 18. The popular session features case studies from the Actuarial Board for Counseling and Discipline (ABCD) exploring hypothetical scenarios to aid actuaries understanding of the Code of Professional Conduct and the ABCD process. The live webinar will offer professionalism continuing education credit (CE) and JBEA core ethics credits. Register today. ▶ CE Opportunities—Visit the Event Calendar for more CE opportunities as the end of the year approaches. | | |
Next Week’s Cyber-Risk Webinar to Offer Latest on AI, Emerging Challenges | | |
Explore Modeling and Risks of Long-Term Care Combo Products | | |
|
A new policy paper from the Life Experience & Assumptions Committee, Long-Term Care Combo Products—Modeling, Assumptions, and Risks, examines combination insurance products that pair life insurance or annuities with long-term care (LTC) benefits. The paper reviews the market for these products, underwriting and modeling approaches, and assumptions used for mortality, morbidity, persistency, expenses, and utilization. It also examines the product, reputational, and regulatory risks involved, including reserve requirements and the evolving principle-based reserving framework.
| | | |
New on Academy Learning: VM-22 Webinar on Asset Modeling, Reinvestment, and Hedging Academy members can now watch a free, member-only replay of this week’s life webinar, VM-22 in Practice: Asset Modeling, Reinvestment, and Hedging. Members of the PBR Implementation Subcommittee discuss modeling considerations under VM-21 and VM-22, how hedging strategies interact with liability risks and PBR outcomes, and emerging industry practices. This webinar—and more—are available for free on-demand viewing and CE for members on Academy Learning. | | |
Save $200 by Oct. 31 on December’s P/C Loss Opinion Seminar There’s one week left to take advantage of early registration pricing and save $200 for the Academy’s Seminar on Effective P/C Loss Reserve Opinions, Dec. 7–8 in Nashville, Tenn. The annual seminar is designed for P/C actuaries who prepare NAIC statements of actuarial opinion. Led by a faculty of actuarial peers and members of the Academy’s COPLFR committee, the seminar engages attendees in discussion of real-world examples and case studies. One past attendee called it “a great distillation of changing requirements and rules, as well as a good pooling of experience.” Register today. | | |
Academy Insights Highlights Academy’s Mission to Serve the Public and the Profession | | |
|
The latest issue of Academy Insights, the Academy’s quarterly newsletter for nonmember stakeholders, offers perspective on the Academy’s mission to serve the public and the U.S. actuarial profession. Items include Executive Director Bill Michalisin’s Contingencies column on the Academy hiring staff actuaries; topical features from the magazine; analysis and insight into the Social Security and Medicare annual trustees’ reports; issues in focus at September’s retirement symposium; and a preview of next week’s cyber-risk webinar. This is a great resource for your non-actuarial peers and external stakeholders, which we encourage you to share.
| | | |
Public Policy in Brief- The Risk Management and Financial Reporting Council’s Reinsurance Working Group submitted comments to the NAIC’s Statutory Accounting Principles (E) Working Group on reinsurance collateral for business valued under principles-based reserving (SSAP No. 61, Paragraph 50).
- The Pension Committee sent a comment letter to the IRS on proposed regulations for determination of target normal cost and funding for single-employer defined benefit plans, which the committee said could benefit from additional clarity.
Visit the Resource Center to stay up to date with the latest Academy news and activity. | | |
Help the Academy Prepare for Potentially Disruptive Events The Academy continues to seek your input on potentially disruptive events, defined as significant developments (e.g., emergencies and disasters, or a cure for chronic disease) that are not covered by routine measures; that can be caused by natural, man-made, or artificial circumstances; and that cause current actuarial models to no longer be effective. Your input could help inform professional response protocols, risk management strategies, and the identification of future opportunities to ensure the U.S. actuarial profession remains resilient and ready for whatever comes next. ▶ Share your input—Visit the Potentially Disruptive Events webpage. | | | |
|
Having trouble viewing this email? View it in your browser. | |
|
©$$DATE_YEAR(en)$$ American Academy of Actuaries. All rights reserved. | | | | | | | | | |
