Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | Aug 7–11, 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.
Member-Selected Director Nominees Announced
The Nominating Committee reported that three individuals have been nominated to serve as Academy member-selected directors, with three-year terms beginning in November. They are:
Lena Black, chairperson of the Pension Committee, and a member of the Pension Practice Council and the Research Committee.
Donna Megregian, chairperson of both the Life Products Committee and the Actuarial Standards Board’s Reinsurance Pricing Task Force.
Maambo Mujala, chairperson of the Variable Annuity Reserves and Capital Subcommittee and a recipient of an inaugural Rising Actuary Award last year, and a board member of the International Association of Black Actuaries (IABA).
The Academy’s online election of candidates by the membership will take place later this summer. For more, visit the Board Selection Center.
Call for Volunteers—Survey Reminder, Information Session Held
Members interested in the Academy’s many volunteering opportunities, including short- and long-term activities, are encouraged to take the Call for Volunteers Survey. The survey will remain open through Sept. 6. The Academy hosted an Information Session on Thursday for members interested in becoming volunteers; the session will be available on-demand next week for those that missed it.
Actuary Voices—Robert Eaton Shares Perspectives on AI and the Actuarial Profession
The latest Actuary Voices profiles Robert Eaton, a life/health actuary who has been active in long-term care and other Academy workstreams, and the author of the Contingencies feature “The Future Is Here,” on artificial intelligence (AI). He discusses his education and background, becoming an actuary, and how the evolving field of AI could benefit the actuarial profession.
Issue Brief Offers Health Equity Overview
A new Health Equity Committee issue brief, Health Benefit Design Innovations for Advancing Health Equity: Removing the Barriers to Successful Implementation—Issue Brief 1: Overview, provides an overview of issues related to designing health benefits to improve health equity. This issue brief is the first in a new series that will explore potential strategies for incorporating more equity-enhancing features into health insurance benefit designs. The series will draw insights from small workshops and other conversations that are being held with a variety of stakeholders and decision-makers representing various aspects of the health care and health insurance ecosystem.
Academy Attends IABA Annual Meeting
Data Science and Analytics Committee Chairperson and Academy Board member Dorothy Andrews presented Saturday, Aug. 5, on “Defining Data Biases and Unfairly Discriminatory Considerations” at the IABA Annual Meeting in Chicago. IABA attendees visited the Academy’s booth for information on becoming members, volunteering opportunities, participating in the Academy’s many events, and more.
Climate Risk Webinar Looks at All Practice Areas
Climate Change Joint Committee members presented at Wednesday’s webinar, “How Climate Risk Applies to All Actuaries,” which included a look at all practice areas and why all actuaries should learn about climate change. Slides and a video recording will be available as a complimentary member benefit.
September Professionalism Webinar to Look at The Code
The Academy’s next professionalism webinar, “The Code of Professional Conduct: Succeeding at Self-Regulation,” will offer perspectives from experts—Academy President Ken Kent, Professionalism Vice President Tim Geddes, and Actuarial Board for Counseling and Discipline member Cande Olsen—on the obligation of maintaining the profession’s self-regulating status by adhering to the Code’s high standards. The webinar will take place Sept. 14—registration will open next week.
One Week Left for CLRS Early Discounts
Early registration discounts end next week for the 2023 Casualty Loss Reserve Seminar. Co-sponsored by the Academy and the Casualty Actuarial Society (CAS), the annual CLRS will be held Sept. 11–13 in Orlando, Fla. Discounts are available through next Friday, Aug. 18—to register, visit the CLRS webpage.
Public Employment Opportunities
The New York State Department of Financial Services (DFS) is seeking qualified actuaries for several open positions. These positions include:
Chief Actuary Market Actuarial
Principal Actuary Casualty
Principal Actuary Life
Chief Actuary Market Actuarial
Senior Actuary Casualty
Senior Actuary Life
Supervising Actuary Casualty
Supervising Actuary Life
Visit the DFS website for more information and to apply.
Inside Health Policy cited the Academy’s issue brief laying out factors underlying health premium rate setting and highlighting major components driving changes in 2024. Inside Health Policy cited the issue brief a second time in a story on health reimbursement arrangements.
Property Casualty 360 reported on the announcement of Philip Mulder receiving the Academy’s inaugural Award for Research this fall for his research paper, “Mismeasuring Risk: The Welfare Effects of Climate Risk Information.”
Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and audio.
Watch for Coverage of NAIC Summer Meeting
Academy representatives and volunteers will attend and present at the National Association of Insurance Commissioners (NAIC) Summer National Meeting in Seattle. Post-event webinars and a recap will be made available to Academy members in the weeks ahead.
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