Keeping You in the Know—Recent Academy Activity, Feb. 21–25, 2022
Cyber Risk Toolkit Updated With Two New Sections
The Cyber Risk Toolkit developed by the Casualty Practice Council’s (CPC) Cyber Risk Task Force (CRTF) has been updated since its original publication last year. In addition to the seven existing sections, the toolkit now includes two new sections, a “War, Cyberterrorism, and Cyber Insurance” section and a “Cyber Risk Resource Guide.” The toolkit will continue to be updated periodically to reflect new and emerging work from the CRTF.
“Whether you’re curious about cyber risk because of what you’ve recently seen in the news, or you’re an insurance policyholder or a public policymaker seeking information about the types of cyber exposures or coverages, the toolkit is an excellent resource for finding what you want to know,” said CRTF Chairperson Norman Niami. Read the Academy news release.
Call for Contributors: Share Your Talents & Make an Impact
There’s a new way for you to suggest topics for and bring your talents and expertise to creating engaging, thoughtful, and compelling content as a writer, speaker, or content reviewer for the Academy. Your Academy member profile now includes an “Academy Speaker, Content Reviewer, Content Contributor Pools” section, plus an open-ended field to suggest article or presentation topics. Please take a few moments now to record your interest in being considered as an author, speaker, or content reviewer. Click here to access your member profile and update the section.
Professionalism Outreach Reinforces the Essential Resources Available to Actuaries
Actuarial Standards Board (ASB) member Laura Hanson delivered a virtual presentation focused on the ASB to the Actuaries Club of Philadelphia on Tuesday. Hanson provided overviews of the ASB; the purpose, structure, and status of actuarial standards of practice (ASOPs); and the standards-setting process. Throughout the presentation she provided insights on the value to the profession and to individual actuaries of the ASB’s role, ASOPs, becoming familiar and engaged with ASOPs and ASB standards-setting, and encouraged the audience to get involved.
Access Your Member Benefits—Upcoming CE Opportunities Available
Looking to boost your continuing education (CE) credit? The Academy’s new website includes a CE section pointing you to our member resources. Upcoming events include:
Capitol Forum Webinar: The “Capitol Forum: Dialogue with DOL on a National Retirement Income Policy” webinar will feature a conversation with Ali Khawar, Department of Labor acting assistant secretary overseeing the Employee Benefits Security Administration (EBSA) and will look at retirement policy issues. The webinar will be held on Thursday, March 10, from 2 to 3 p.m. EST. Register today.
Save the Date: A webinar on wildfires and the recent Wildfire, an Issue Paper—Lessons Learned from the 2017 to 2021 Events will be held on Thursday, March 17. Registration will open soon.
Order and Download Your Law Manuals Today
Make sure you have the latest regulatory requirements at your fingertips. The Academy’s Life and Health Valuation Law Manual and Property/Casualty Loss Reserve Law Manual are both available for order and immediate download. The manuals, updated each year, come in a variety of formats for single and group users, allowing you and your team to select the version best suited to your needs. Place your order today.
Recently Released
The Winter Casualty Quarterly leads with a Q&A on the recent wildfires issue paper from the CPC’s P/C Extreme Events and Property Lines Committee. Also in the issue, the Committee on Property and Liability Financial Reporting released its annual P/C practice note; the P/C Loss Reserve Opinions Seminar and the Annual Meeting and Public Policy Forum included examination of key casualty topics; a P/C public policy webinar covered diversity, equity & inclusion, COVID-19, and other issues; and recent legislative and regulatory activity.
The Alaska Retirement Management Board is soliciting proposals for actuarial review services that include review of process and procedures used by the primary actuary in the development of annual actuarial valuations and the actuarial experience study for the Alaska retirement systems. For more information, click here.
March 16, Noon to 1 p.m. EDT: Academy Volunteers—check your inbox for your invitation to this year’s Volunteer Onboarding Webinar.
March 17: Wildfire risk webinar (registration opening soon)
In the News
A letter to the editor published in the Daily Herald (Ill.) cited findings from the Academy’s issue brief, The 80% Pension Funding Myth.
A Law360 Insurance Authority (subscriber only) story on a new United Nations Environment Programme report on increased wildfire threats cites the Academy’s recently published wildfires issue paper.
Coming Next Week—State of the Union
During President Biden’s State of the Union address next Tuesday, March 1, the Academy will be responding to any topics that have an actuarial angle with relevant Academy work product. Follow us on Twitter and Facebook and join the conversation.
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