Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY |April 8–12, 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.
PUBLIC POLICY
Academy Engages With NCOIL
Academy staff is attending this week’s National Council of Insurance Legislators (NCOIL) Spring Meeting in Nashville, highlighting Academy work products to insurance legislators, regulators, and industry and stakeholder groups.
New Issue Brief Examines ‘Surplus’ in Public Pension Plans
The Public Plans Committee released ‘Surplus’ Considerations for Public Pension Plans, an issue brief that examines what plan “surplus” means and does not mean, historical lessons for public plans, and considerations for plans at or approaching 100% funding in the future.
PROFESSIONALISM
Don’t Miss Next Week’s Professionalism Webinar on Self-Regulation
Join Actuarial Standards Board (ASB) Chairperson Kevin Dyke and Vice Chairpersons Laura Hanson and Dave Neve for Self-Regulation and the ASOPs: Your Professionalism Toolbox, which will focus on actuaries’ commitment to professionalism and look at proposed changes to Actuarial Standards of Practice (ASOPs) No. 12 and 7 exposure drafts, for which comments are due May 1 and June 1, respectively. The webinar will be held on April 18—register today.
MEMBERSHIP
ICYMI—Meet Krystal Ross in ‘Member Spotlight’
Read the latest Academy “Member Spotlight” to learn more about Krystal Ross, an active Academy P/C volunteer and associate executive director & chief actuary with the New Jersey Compensation Rating & Inspection Bureau.
OUTREACH & NEWS
Academy Volunteers Share the ‘Academy Story’ With Columbia Actuarial Students
Actuarial science graduate students in Columbia University’s School of Professional Studies had a chance to hear personal stories of the value of volunteerism on behalf of the profession and the Academy’s public policy and professionalism work on Tuesday evening in New York City. Academy Board member Maambo Mujala and Life Practice Council volunteer Melissa Miller spoke and networked with students and faculty, discussing the history and role of the Academy and their personal stories as actuaries who are contributing to its mission serving the public and the U.S. profession.
Academy Spreads the Word on Climate, Cyber Risk & Innovation
Director of Research (Public Policy) Steve Jackson spoke April 5 at the University of Illinois, Champaign-Urbana’s Actuarial Science Faculty Seminar about climate risk, and addressed the undergraduate Actuarial Science Club's Symposium on Innovations in Insurance on Saturday, on cyber risk.
Trujillo Highlights Public Policy Activities in Towson University Panel
Academy Senior Director of Public Policy Geralyn Trujillo joined a panel discussing how actuaries are shaping the future hosted by Towson University’s Actuarial Science and Risk Management Advisory Board in Townson, Md., on Thursday. Trujillo discussed the Academy’s public policy mission and laid out how its volunteers engage policymakers through publications, comment letters, issue briefs, meetings, and webinars. She encouraged the audience of students, alumni, professors, and industry professionals to be active voices in promoting the profession’s unique expertise and perspectives by learning more about the Academy and volunteer opportunities via our website, actuary.org.
Interested in an Academy Speaker?—The Academy provides qualified speakers to actuarial clubs and organizations to help members fulfill their professionalism continuing education requirements and be more informed on public policy issues. For more information and to request a speaker, visit the Academy website.
In the News
A Newsweek article highlighting Social Security’s financing shortfall, which is projected to deplete the program trust funds in the next decade, cited Academy’s analysis.
Asset Adequacy and Reinsurance Issues Task Force Chairperson Tricia Matson offered an actuarial perspective to InsuranceERM’s subscriber-only coverage of recent NAIC discussions on offshore-ceded reinsurance, drawing from the recently released issue brief developed by the task force.
Retirement Policy and Design Evaluation Committee Chairperson Claire Wolkoff shared insights on the features of pooled employer plans in a subscriber-only Life Annuity Specialist story.
EDUCATION & EVENTS
CLRS Extends Call for Presentations to April 15
The Casualty Loss Reserve Seminar (CLRS) extended its call-for-presentations deadline to April 15—Monday. Sponsored jointly by the Academy and the Casualty Actuarial Society, the CLRS will be held Sept. 9–11 in San Francisco. For a list of potential topics and to submit, visit the CLRS presentations page.
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