Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | March 20–24, 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 new videos are released.
No Issue Next Week Due to Actuarial Update
This Week will not be published next Friday, March 31, the last business day of the month. Look for the latest Academy news in the March Actuarial Update, which will be published that day.
Academy Presents at NAIC Spring Meeting
Academy Life VP Ben Slutsker (left) and Life Policy Analyst
Amanda Barry-Moilanen (center) present to LATF
Academy volunteers and representatives gave presentations, engaging with stakeholders and regulators at the National Association of Insurance Commissioners’ (NAIC) Spring National Meeting in Louisville, Ky.
Professionalism presentations included virtual updates to NAIC’s Life Actuarial (A) Task Force (LATF) and Health Actuarial (B) Task Force (HATF) by representatives of the Actuarial Standards Board (ASB) and Actuarial Board for Counseling and Discipline (ABCD). Academy Past President and ABCD member Shawna Ackerman focused on the recently released ABCD 2022 Annual Report. ASB Chairperson Rob Damler focused on Actuarial Standard of Practice (ASOP) Nos. 12 and 41, and offered information on life- and health-specific ASOP Nos. 10, 28, and 57.
Academy casualty, health, and life volunteers—and Senior Life Fellow Nancy Bennett—presented to NAIC working groups on a number of issues, discussing matters of importance to the public and to the U.S. actuarial profession.
See more details and presentations on the Public Policy page, and in the forthcoming March Actuarial Update.
ASB Releases 2022 Annual Report
The ASB released its 2022 Annual Report, which highlights the board’s accomplishments throughout the year. In 2022, the ASB adopted two revised ASOPs, approved seven exposure drafts for comment, and approved proposals to revise three existing ASOPs.
Academy Kicks Off Climate Webinar Series
Slotznick opens the webinar
The Academy on Monday held the first climate-related webinar in a series being hosted in cooperation with the National Oceanic and Atmospheric Administration (NOAA) and the National Science Foundation (NSF). The webinar, “Connecting the Insurance Industry and Academia on Catastrophe and Climate Modeling: Webinar Series—Introduction,” focused on the modeling needs of the insurance industry. The webinar was moderated by Academy President-Elect Lisa Slotznick and included presenters from NAIC, Allstate Insurance, Swiss Re, and the Academy’s Climate Change Joint Task Force.
CNN spoke to Academy Senior Pension Fellow Linda K. Stone and referenced the Academy’s Social Security-related work in an explainer story on the significance of the retirement/eligibility age in Social Security and Medicare policymaking.
Save the Date—2023 LHQ Seminar Set for Nov. 6–9
Save the date for the Academy’s 2023 Life and Health Qualifications Seminar, which will be held Nov. 6–9 at the Hyatt Regency Crystal City in Arlington, Va. The annual LHQ Seminar delivers three days of training and instruction—plus an optional exam on the fourth day—to gain necessary qualifications to issue actuarial opinions for either the NAIC Life and Accident & Health (A&H) Annual Statement or the NAIC Health Annual Statement. Registration will open soon.
Volunteer OnboardingWebinar Available On-Demand
Are you a current Academy volunteer who wasn’t able to join us for the 2023 Volunteer Onboarding Webinar? Good news—A webinar recording is available for on-demand viewing so you can make your tenure with your Academy committee(s) successful. Not a current volunteer? We encourage you to watch the webinar all the same—then add your name to the volunteer database and be on the lookout for volunteering opportunities.
May Professionalism Webinar to Look at Qualification Issues
Mark your calendar to hear members of the Committee on Qualifications discuss the 2022 Qualification Standards for Actuaries Issuing Statements of Actuarial Opinions in the United States (U.S. Qualification Standards). Speakers will delve into the many questions received in recent years on qualifications, including questions on experience, continuing education, and the qualifications needed to sign NAIC annual statements. If you’d like to submit a question in advance, send it to professionalism@actuary.org. The webinar will be held May 19 from noon to 1:30 EDT. Registration will open soon.
CLRS—April 3 Deadline for Call for Presentations
April 3 is the deadline for the call for presentations for the 2023 Casualty Loss Reserve Seminar and Workshops. The event—jointly sponsored by the Casualty Actuarial Society (CAS) and the Academy—will be held Sept. 11–13 in Orlando, Florida. Click here for submission information.
Recently Released
The Academy released an Essential Elements paper, Raising the Social Security Retirement Age. Based on the Social Security Committee’s March 2022 issue brief of the same name, raising the retirement age is one key consideration in addressing Social Security’s long-term financial health, and an option in the Academy’s new Social Security Challenge. The Essential Elementsseries offers concise and informative papers designed to provide a quick and easy-to-understand overview of key public policy issues of interest.
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