Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | April 29 – May 3, 2024
This Week … In a Minute
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 alerts as they are released.
MEMBERSHIP
Nominations Open for Member-Selected Directors, Academy Annual Awards
Nominations are open for member-selected directors (MSDs) to the Academy Board and will run through June 3. MSDs will be selected by Academy members later this year in an online selection process from a slate of candidates presented by the Nominating Committee. Review the Nominating Committee Guidelines and visit the MSD Nominations Page to learn more about the role of member-selected directors, candidate criteria, and how to nominate yourself and other Academy members.
Academy Annual Awards—Nominations are also open for the Academy’s annual service and recognition awards. Submissions are due by June 7, and recipients will be recognized at Envision Tomorrow, the Academy’s Annual Meeting in October. To submit nominations for the Jarvis Farley Service Award, Robert J. Myers Public Service Award, Outstanding Volunteerism Awards, and Rising Actuary Awards, visit actuary.org/awards.
OUTREACH & NEWS
Contingencies, Actuarial Update Cover Election-Year Issues, Hill Visits
Two Academy publications rolled off the press this week. The May/June Contingencies leads with “Election Issues 2024: The Academy Weighs In,” highlighting the Academy's objective, nonpartisan analysis of key topics Americans care about. Also in the issue:
“A Celebration to Remember” offers featurettes on Contingencies’ 35th anniversary, its professionalism and digital offerings, and a hilarious Q&A with Up to Code cartoonist Joe Sutliff.
“Into the Deep End” explores what neural networks are—and how can they be thoughtfully deployed.
Lisa Slotznick’s President’s Message looks at retirement and financial security.
The April Actuarial Update leads with extended coverage of the Academy’s annual “Hill visits,” in which volunteers and staff offer resources and expertise to policymakers. Also in the issue:
The Academy kicks off its “Looking Back, Moving Forward: ERISA at 50” series with an upcoming May 14 webinar exploring the landmark law’s history, and a June 4 symposium in Washington, D.C.
“Professionalism Counts” offers a primer on the difference between practice notes and actuarial standards of practice.
In the News
A Forbescolumn about legislative activity in Alaska to restore public employee defined benefit pension plans pointed readers to an Academy Retirement for the Ages assessment of a Maine retirement plan.
EDUCATION & EVENTS
Early-registration discounts have been extended for next month’s PBR Bootcamp, back in person this year June 11–13 in Philadelphia. Offering a comprehensive look at hot topics in principle-based reserving (PBR), attendees will gain valuable insights on applying PBR and meeting implementation challenges, and will have the opportunity to ask experts questions directly. The hotel room block closes on May 20—be sure to book your reservation at Le Méridien Philadelphia. Secure your spot and save $300—register today.
Webinars Cover P/C RBC, Discrimination
Two Academy webinars this week covered P/C and data and discrimination issues, respectively. Recordings will be available for both soon, as a complimentary Academy member benefit.
An Introduction to P&C Risk-Based Capital on Wednesday featured members of the P/C Risk-Based Capital (RBC) Committee, who gave historical background on RBC, noted recent developments, and detailed Academy work on this issue.
Discrimination: Considerations for Machine Learning, AI Models, and Underlying Data, held Thursday, featured members of the Data Science and Analytics Committee who covered algorithmic predictions and AI models being used by insurance companies to develop personalized risk models when engaged in insurance pricing and underwriting—in which issues of fairness, discrimination, and social injustice may arise.
PUBLIC POLICY
Life Members: Your Feedback Requested by May 8
If you haven’t done so already, please take a few minutes to share your feedback on Life Perspectives, the Academy’s quarterly newsletter for life actuaries. Let us know what content is most useful to you and what you’d like to see covered more. Take the survey now.
The Variable Annuity Reserves and Capital Subcommittee sent comments to the NAIC’s Variable Annuities Capital and Reserve (E/A) Subgroup on the exposure draft of APF 2024-07 that proposes updates to the VM-21 Standard Projection Amount assumptions.
Academy Board member Annette James will take part in a panel discussion on health insurance and patient cost-sharing at ISPOR 2024, a health conference also being held May 5–8 in Atlanta.
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