The Academy has released the 2019 edition of The Record—the Academy’s annual report to its membership and the public, recapping the work of Academy volunteers over the past year in serving the public and the U.S. actuarial profession. From Past President Shawna Ackerman’s opening letter noting professionalism and public policy activities, from volunteering and communications to international goals, The Record illustrates what a productive year 2019 was for the Academy.
Register Today for Our Upcoming Remote and Fall CE Opportunities
During this time of necessary social distancing, the Academy is providing members with enhanced opportunities to earn “organized” continuing education (CE) credits remotely now, and in person in the fall, so that you can plan to stay updated on the latest public policy and professionalism topics. We will be holding more interactive virtual events in the coming weeks and months, and have added a group registration option for employers to accommodate remote access they provide to their employees.
Upcoming webinars:
April 23 (Noon to 1:30 p.m. EDT): “Focus on Public Pension Plans” is the second webinar in the Pension Practice Council’s webinar series, “Retirement Plan Coverage in America,” which will look at public pension plans.
April 23 (2 p.m. to 3:30 p.m. EDT): “P/C Public Policy Update—Spring 2020”—Speakers will discuss the impact of the coronavirus on property/casualty lines, along with other recent P/C public policy activity.
April 28 (Noon to 1:30 p.m. EDT): “Cross-Practice COVID-19 Update”—This Capitol Forum webinar will focus on the impact of the pandemic on actuarial practice and implications for public policy in the near and longer term, looking at retirement plans and issues relevant to all actuarial practice areas.
April 30 (Noon to 1:30 p.m. EDT): “The New Modeling ASOP: ASOP No. 56”—The Academy’s spring professionalism webinar will look at the recently released actuarial standard of practice (ASOP) No. 56, Modeling, a new ASOP for all practice areas.
Coming Soon: “ACA Rate Filing in the Time of COVID-19”—The Health Practice Council is developing a webinar with state and federal regulators to discuss the potential effects of the coronavirus pandemic and the prospective impact of COVID-19 on 2021 rate filings and 2020 reporting requirements for individual and small group plans.
Fall events
Nov. 5–6: Annual Meeting and Public Policy Forum, Washington, D.C.—Historian Michael Beschloss and political analyst Charlie Cook are the featured keynote speakers for the meeting and forum, which will follow the national election by days and bring you perspective and clarity about the outcome and implications. The Academy’s premier event will provide consistent up-to-the-minute information about top public policy and professionalism issues that everyone who has attended in the past has come to expect.
Nov. 9–12: Life and Health Qualifications Seminar, Arlington, Va.—This annual seminar is the most efficient way to obtain any needed basic education or relevant CE credit necessary to qualify to issue actuarial opinions for either the NAIC Life and Accident & Health (A&H) Annual Statement or the NAIC Health Annual Statement.
Register With Confidence for Academy In-Person Events—New Cancellation Policy
The Academy is monitoring the ongoing coronavirus pandemic situation and adhering to the guidelines surrounding in-person events and large gatherings. While we are moving forward with our fall event schedule, we also want our members to be able to register with confidence for in person events knowing it’s important to you, and the Academy, to try to anticipate a return to normalcy. The Academy now has cancellation policies in place to accommodate any necessary change to your in-person registration resulting from a continuation of the current pandemic situation. So you can rest easy as you register for our fall events—we look forward to seeing you in person later this year. You can find the cancellation policy for the annual meeting registration page here and the LHQ Seminar here.
Academy Continuing to Update COVID-19 Resources Webpage
The Academy is continuing to update our COVID-19 Resources webpage of coronavirus pandemic information. New links are noted each week with a “NEW” designation, highlighted in yellow. This week’s new entries include an academic article and actuarial resources from about a half-dozen actuarial companies and organizations. Academy members may use this form to suggest additions to the resources page, FAQs on COVID-19, potential related webinar topics, or other issues we might want to investigate. Visit the webpage at http://www.actuary.org/coronavirus.
Spring HealthCheck Released
The Spring HealthCheck—the first edition of the 10-year-old publication as a quarterly—covers the Academy’s webpage of coronavirus pandemic resources, as well the recently published “FAQs on COVID-19 and Its Effects on Health Spending and Health Insurance,” both of which are being continually updated. Also in the issue, Academy health volunteers visited federal lawmakers and policymakers in their annual “Hill visits”; and legislative and regulatory updates, including recently passed laws related to the ongoing pandemic.
Comment Deadline on Actuarial Memorandum Practice Note Extended Until June
In light of the coronavirus pandemic, the Academy has extended the comment period for the exposure draft of the Actuarial Memorandum Practice Note until June 15. Comments had previously been due in March. The Actuarial Memorandum Practice Note Work Group published the exposure draft in January to provide information that can be useful for appointed actuaries dealing with challenges of producing an Actuarial Memorandum in support of the Actuarial Opinion filed as part of the Health Annual Statement Blank, which is often referred to as the Health Blank or the Orange Blank. Comments can be submitted to health@actuary.org.
Senior P/C Fellow Rich Gibson discussed the implications of the coronavirus pandemic for automobile insurance in a subscriber-only A.M. Best story on the premium refunds that some major insurers recently announced.
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