Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | Dec. 4–8, 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.
Academy Presents at NAIC Fall Meeting
Olsen, Dyke, and Slotznick at the professionalism breakfast
Academy volunteers and staff presented at the National Association of Insurance Commissioners (NAIC) Fall National Meeting in Orlando, Fla. The Academy hosted a Dec. 1 professionalism breakfast for regulators, featuring a roundtable discussion with Academy President and Committee on Qualifications Vice Chairperson Lisa Slotznick, Actuarial Standards Board (ASB) Chairperson Rob Damler, ASB member (and incoming chairperson) Kevin Dyke, and Actuarial Board for Counseling and Discipline (ABCD) member Cande Olsen. They covered professionalism and emerging areas of interest including artificial intelligence (AI), climate change, and how the Code of Professional Conduct and actuarial standards of practice (ASOPs) provide guidance when practicing in these areas.
Staff, Volunteer Presentations
Life Policy Analyst Amanda Barry-Moilanen gave an update on Life Practice Council workstreams to the Life Actuarial (A) Task Force (LATF).
Senior Health Policy Analyst Matthew Williams gave an update on Health Practice Council activity to the Health Actuarial (B) Task Force (HATF), including the recent health symposium, long-term services and supports, tiered risk-based capital factor development, and top policy priorities for 2024.
Casualty Policy Analyst Rob Fischer presented on recent publications and future work products from the Casualty Practice Council to Casualty Actuarial and Statistical (C) Task Force (CASTF).
Law Manuals Available for Preorder
The Academy’s P/C Loss Reserve Law Manual and the Life and Health Valuation Law Manual are available for preorder. Make sure you have the latest requirements at your fingertips—place your preorder today and be among the first to have these handy reference tools.
Academy Hosts P/C Loss Reserve Opinions Seminar
A full session at the P/C opinion-writing seminar
The Academy hosted the annual Seminar on Effective P/C Loss Reserve Opinions Monday and Tuesday in Charlotte, N.C., which covered the entire opinion writing process from being qualified to sign opinions, adherence to ASOPs, and how to write reports. Attendees gained significant hours of continuing education (CE) credit, including professionalism and bias CE under the U.S. Qualification Standards.
Actuary Voices Features Ron Gebhardtsbauer
A new Actuary Voices episode features a conversation with Ron Gebhardtsbauer, a past Academy senior pension fellow and a co-author of the recent Social Security and Financially Disadvantaged Groups pension issue paper. Gebhardtsbauer discusses the paper, his experience as a volunteer, and his contributions to the national conversation on Social Security.
If you are interested in participating in an Actuary Voices podcast, please email podcast@actuary.org. Listen to Actuary Voices wherever you get your favorite podcasts.
Next Week’s Webinars Offer Year-End CE Opportunities
Next week’s Academy webinars will offer year-end CE credit.
PBR Bootcamp: VM-31 as Seen by Regulators—This Dec. 12 life webinar will feature insights from regulators who will discuss findings from the review of 2022 reports, how to improve reports, and Valuation Manual updates being considered. Register today.
Capital Market Outlook—This Dec. 14 pension webinar will offer analysis of current conditions and insights into capital market conditions. Register today.
See the online Events Calendar (and below) for the full lineup of this month’s CE opportunities.
Academy Outreach & Member Engagement
Academy Past President and DSAC Vice Chairperson Dave Sandberg led a session on “Big Data, Machine Learning, and the Future” at the MetLife Actuarial Conference in Jersey City, N.J., on Dec. 4.
Past President and ABCD member Shawna Ackerman spoke at the Southern California Casualty Actuarial Club’s meeting in Pasadena on Dec. 1. Her presentation focused on the Code of Professional Conduct and the ABCD’s role and processes.
ABCD member Cande Olsen provided a virtual walk-through of the “A-B-C-D’s of Counseling and Discipline” to the Iowa Actuaries Club on Dec. 5, including engaging discussions with attendees of hypothetical case studies involving Code violations.
Academy Board member Donna Megregian delivered a virtual presentation to the Columbus (Ohio) Actuarial Club on Dec. 4 focused on the role of the ASB, and key concepts of and cross-practice actuarial standards of practice.
Academy Speakers Bureau—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.
Unable to attend the Academy’s inaugural Health Equity Symposium? A full recording is now available on the Academy YouTube channel. The Nov. 15 event brought together actuaries, health plan experts, and other thought leaders to collaborate on how to improve health equity by incorporating more equity-enhancing elements into health benefit designs. Look for a full recap in the upcoming HealthCheck newsletter, coming next week.
Envision Tomorrow attendees can log into their member accounts to view recordings of select general sessions and breakout sessions. These recordings will be available for six months. (Please note that Tim Hwang’s presentation will only be available for 60 days online.)
Recently Released—Contingencies Web Exclusive, ‘Regulating AI?’
The latest Contingencies web exclusive, “Regulating AI?,” takes a look at the explosion in this burgeoning technology. We’re currently in the “Wild West” in terms of legislation and regulation for artificial intelligence—what should consumers and practitioners be looking for in the months and years to come? This is the latest in Contingencies’ ongoing coverage of AI; read more about it in the “Topics in Focus” AI section.
Public Policy News in Brief
The P&C Committee on Equity and Fairnesssubmitted comments to the Colorado Division of Insurance on its life insurance draft regulation on governance and risk management framework requirements and its applicability to private passenger automobile insurance.
The Casualty Actuarial Society (CAS) issued a press release on Lisa Slotznick becoming the Academy’s president. CAS also published a member notice about casualty members who received Rising Actuary Awards at Envision Tomorrow, the Academy’s annual meeting.
InsuranceNewsNet reported on an Envision Tomorrow general session on the Academy’s DEI initiatives that featured discussion with affinity groups within the U.S. profession.
Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and recordings.
ICYMI—Envision Tomorrow Supplement
In case you missed it, the Envision Tomorrow: A Closer Look supplement to the November Actuarial Update covered all aspects of the Academy’s successful annual meeting last month, including general and practice-area breakout sessions.
Save the dates—The Academy’s 2024 Annual Meeting will be held Oct. 15–16 at the Grand Hyatt Washington in the nation’s capital.
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