Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | Jan. 1–5, 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.
Contingencies Looks at AI and the Academy’s Priorities for 2024
The January/February Contingencies rings in the new year with a cover story on artificial intelligence, “AI and the Actuary of Tomorrow,” which examines whether the technology du jour is an existential threat or a time-saving boon for actuaries. Also in the issue, Lisa Slotznick’s inaugural President’s Message on the value of Academy membership and the evolution of membership requirements; Academy VPs offer their takes on practice areas and senior Academy staff give an “inside look” on the priorities in store for the year ahead; and an Up to Code on success stories. Looking for more on AI?—Read all about it in Contingencies’ “Topics in Focus” AI section.
Refresh Your Membership Profile for the New Year
Make sure your member profile is updated for the new year. Log into your member account to update your profile and actuarial designations, pay your 2024 membership dues (which were due Jan. 1), subscribe to Academy alerts, and catch up on any professionalism and public policy webinars you missed in 2023 by watching them in our member-only on-demand library. Academy volunteers are encouraged to look out for vital volunteer communications, including notifications about the annual conflict of interest and continuing education acknowledgments. If you have questions or need additional information, please contact the Academy Membership Department at 202-223-8196 or via the online membership support form.
Life/Pension Webinar to Look at Pension Risk Transfer
Panelists at the Envision Tomorrow cross-practice session
Kick off the new year with “Group Annuity Contracts for Pension Risk Transfer,” a joint pension/life webinar—and a follow-up to the popular Envision Tomorrow breakout session—that will bring together subject matter experts for a panel discussion covering regulatory and structural evolution of insurance companies that provide pension risk transfer group annuity contracts. Continuing education (CE) and Joint Board for the Enrollment of Actuaries (JBEA) continuing professional education (CPE) credit will be available for the webinar, which will be held on Jan. 25. Register today.
Submissions Open for Second Annual Academy Research Award
The Academy is inviting submissions for its Award for Research, now in its second year. The award recognizes an early-career scholar whose work contributes significantly to an actuarial perspective on a public policy issue of interest to U.S. actuaries and public policymakers. The recipient will be announced this summer, and the award includes a monetary prize of $7,500.
The award not only creates opportunities to share new and potentially innovative answers to some of the evolving questions within actuarial science, but also reflects the Academy’s role in emphasizing the value of applying actuarial principles as policymakers and other decisionmakers consider many of today’s most pressing public policy issues.
The theme for 2024 is “Insights from Behavioral Economics/Behavioral Finance for Insurance, Retirement, and Risk Management.” The recipient will present their research at Envision Tomorrow, the Academy’s Annual Meeting in October, providing attendees a chance to interact with an innovative young scholar. Submissions are due March 31—for more information and to submit, click here.
Place Your Order for P/C Law Manual
The Academy’s P/C Loss Reserve Law Manual is available for order. Included are statements of actuarial opinion (SAO) requirements and laws and regulations establishing those requirements; and instructions for property/casualty SAOs, title loss, and loss expense reserves. Make sure you have the latest P/C requirements at your fingertips—place your order today and be among the first to have this vital reference tool.
ICYMI—ASB Boxscore Highlights Comments Open on ASOP No. 7
The latest ASB Boxscorecovers the Actuarial Standards Board’s (ASB) recent activity, including revised and exposed actuarial standards of practice (ASOPs); comments due June 1 on a proposed revision to ASOP No. 7 on life, health, or P/C cash flow risk; and ASB members for 2024, including new Chairperson Kevin Dyke.
The Individual and Small Group Markets Committeesubmitted comments to the Centers for Medicare & Medicaid Services’ Center for Consumer Information & Insurance Oversight (CCIIO) on the Draft 2025 Actuarial Value (AV) Calculator Methodology.
Best’s News & Research Service(subscriber-only) cited findings from the Academy’s issue brief on drivers of 2024 health insurance premium changes in a look ahead at industry issues in 2024.
The Oklahoma Journal-Record used Academy research in a story on Social Security’s financial condition and reform options.
Events Calendar Highlights—Save the Dates for These 2024 Events
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