Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | Aug 21–25, 2023
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.
Less Than a Week to Save $200 for Envision Tomorrow
There’s less than a week left to secure an early registration discount for Envision Tomorrow, the Academy’s Annual Meeting, to be held Nov. 13–14 at the historic Omni Shoreham Hotel in Washington, D.C. See the agenda for the schedule of general and practice-area breakout sessions; a luncheon panel on diversity, equity & inclusion; sessions on ethics and artificial intelligence; and the Academy’s presidential transition and presentation of annual awards. Join us at the Academy’s premier networking and public policy event, which will be loaded with continuing education (CE) opportunities. Early registration runs through next Thursday, Aug. 31—save up to $200 and register today.
Academy Presents Updates from NAIC, Engages Members at SOA Life Meeting
(L-R) Claire, Lankowski, and Morrow present at SOA
Academy volunteers gave an update from the recent NAIC Summer National Meeting life presentations at the Society of Actuaries’ (SOA) Life Meeting in New Orleans. Donna Claire, Linda Lankowski, and Craig Morrow offered the latest on Academy Life Practice Council (LPC) initiatives as well as decisions from the NAIC event. Lankowski has led this year’s PBR Bootcamp webinar series, Claire is chairperson of the Life Experience Committee, and Morrow is chairperson of the Life Valuation Committee. The Academy also hosted a booth and provided SOA attendees with materials from the efforts of the LPC, the PBR Bootcamp series, and the annual Call for Volunteers. To learn more, visit the life public policy page.
Selection Process Coming Soon for Member-Selected Directors
Selection of member-selected directors to the Academy Board will run from Sept. 6 through Sept. 20. Members should have received an email on Wednesday from the Academy’s vendor, Intelliscan, which is administering the process. (The email was sent from academy@intelliscaninc.net.) For more, visit the Board Selection Center, which has information on the three candidates. All members are encouraged to take part in the selection process.
Next Week—CE Opportunities in Life, P/C Webinars
Three Academy webinars next week will offer CE opportunities:
“Holy Moly, Let’s Talk COLI” will examine corporate-owned life insurance (COLI), a niche product with some unique features for the buyer and the seller. It’s set for Tuesday, Aug. 29, from noon to 1:30 p.m. EDT.
“PBR Bootcamp: Combination Products,” the latest in the principle-based reserving series, will be on Wednesday, Aug. 30, from noon to 1:30 p.m. EDT.
“P/C Public Policy Update—Summer 2023” will offer the latest property/casualty updates from the Casualty Practice Council on Thursday, Aug. 31, from 1 to 2 p.m. EDT.
Reminder—Complete the Call for Volunteers Survey
A reminder that members interested in the Academy’s many volunteering opportunities, including short- and long-term activities, are encouraged to take the Call for Volunteers Survey, which runs through Sept. 6. The Academy hosted an Aug. 10 information session—for more information, view the on-demand recording.
Professionalism Webinars to Look at the Code, Bias Issues
Join the Academy for two professionalism webinars coming soon:
“The Code of Professional Conduct: Succeeding at Self-Regulation” will offer a discussion about the Code and its importance to maintaining the actuarial profession’s self-regulation status. Presenters—Academy President Ken Kent, Professionalism and Education Vice President Tim Geddes, and Actuarial Board for Counseling and Discipline member Cande Olsen—will address these topics and more. The webinar will be held on Sept. 14 from noon to 1:30 p.m. EDT. Register today.
In “Where Does Bias Hide? Defining Data Biases and Unfairly Discriminatory Considerations,” Data Science and Analytics Committee Chairperson and Academy Board member Dorothy Andrews will address the importance of identifying biases in data and algorithms and the dangers of using data that may be embedded with bias. It will be held on Oct. 26 from noon to 1:30 p.m. EDT. Professionalism and bias topic CE will be available; registration will open soon.
Uccello Reappointed to CBO Health Advisers Panel
Senior Health Fellow Cori Uccello was reappointed to the U.S. Congressional Budget Office’s (CBO) Panel of Health Advisers for the coming year. The panel consists of widely recognized experts in health policy and the health sector, representing academics, industry, and consumer perspectives. The panel helps the CBO understand cutting-edge research and the latest real-world developments in health care delivery and financing. With the insights and expertise of advisers like Uccello, the CBO is better positioned to offer Congress nonpartisan, objective support in the federal budget process.
Public Policy News in Brief
P/C Committee on Equity and Fairness Chairperson Lauren Cavanaugh and Vice Chairperson Susan Kent presented at Thursday’s Colorado Division of Insurance stakeholder meeting on “Unfair Discrimination in Insurance Practices,” focusing on private passenger auto insurance. They cited key points, illustrative examples, and the committee’s February issue brief, Approaches to Identify and/or Mitigate Bias in Property and Casualty Insurance.
Members of the Risk Management and Financial Reporting Council’s Financial Reporting Committee met with the Financial Accounting Standards Board, the first in-person meeting since the COVID-19 pandemic. Discussion topics included hedge accounting and how insurance companies deal with risk.
A recap of investment-related activities at the NAIC Summer National Meeting published by Mondaq and other outlets discussed the C1 Work Group’s presentation on structured securities risk-based capital (RBC) to the NAIC’s RBC Investment Risk and Evaluation (E) Working Group.
A retirement planning radio program that aired on AM 560 (Chicago) mentioned the Actuaries Longevity Illustrator, jointly sponsored by the Academy and the SOA.
To update your Academy email communication preferences, please login and update your Academy member profile.
1850 M Street NW • Suite 300 • Washington, DC 20036 • 202.223.8196 • www.actuary.org
Copyright 2023 American Academy of Actuaries. All rights reserved.