Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | Nov. 6–10, 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.
Envision Tomorrow Kicks Off Monday—Last Chance for a Digital Pass
Envision Tomorrow, the Academy’s Annual Meeting, kicks off Monday at the Omni Shoreham Hotel in Washington, D.C. The Nov. 13–14 event will offer insights into a host of key actuarial topics, opportunities for networking, honoring this year’s award recipients, the Academy presidential transition, and continuing education (CE) opportunities. Arriving early? Enjoy a casual welcome reception from 3 to 6 p.m. on Sunday afternoon. If you can’t make the in-person event, today is the deadline for virtual registration—a Digital Pass offers access to general sessions and a curated selection of breakout sessions, plus the opportunity to earn valuable CE. Register today.
LinkedIn Live—Monday’s welcome and awards and presidential transition general sessions will both be streamed via LinkedIn Live. Registration is free; click the links to register.
Registration Deadline Today for Nov. 15 Health Equity Symposium—Event to Be Livestreamed
The registration deadline is today for the Academy’s Nov. 15 health symposium, “Health Benefit Design Innovations for Advancing Health Equity.” At the free event—to be livestreamed from the National Press Club in Washington, D.C.—the Academy will engage with stakeholders on a series of health-equity topics and commit to a call for action that underscores the need to move from discussion to solution-oriented practices.
In advance of the symposium, the Health Equity Committee released the final two issue briefs in its health benefit design series—How to Better Understand the Needs of the People We’re Trying to Serve explores how to better understand unmet needs and incorporate input from employees and plan members into the benefit design decision-making process, and Overcoming Constraints to Implementation discusses some of the challenges of implementing equity-enhancing benefit plans—and possible solutions.
Sold-Out LHQ Seminar Delivers Valuable CE
Rowen Bell (right) leads a health session
The Academy hosted a successful Life and Health Qualifications Seminar, held Monday through Thursday in Arlington, Va. The sold-out event included sessions on professionalism, actuarial opinions, and interactive case-study breakout sessions that have long been highly valued by attendees. For the fourth year, Academy President-Elect nominee Darrell Knapp chaired the subcommittee that organized this year’s seminar. Visit the Events Calendar to learn more about other CE opportunities.
Academy Engages With Stakeholders at CAS Annual Meeting
Academy volunteers and staff attended the Casualty Actuarial Society’s Annual Meeting in Los Angeles, offering information on membership, publications, and upcoming activities, including Envision Tomorrow and December’s P/C Loss Opinion Seminar. Academy staff also participated in the event’s volunteer activity, packing math-themed bags for local students, including a copy of The Magic School Bus Takes a Risk. Visit the Academy casualty public policy page for more on what the Academy is doing to engage and support casualty actuaries.
Actuary Voices Features Research Award Recipient Philip Mulder
A new Actuary Voices episode features a conversation with Philip Mulder, who will receive the Academy’s first Award for Research for his paper, Mismeasuring Risk: The Welfare Effects of Climate Risk Information, and will present his research at Envision Tomorrow next week. Mulder will participate in a P/C breakout session on flood risk that’s included with Envision Tomorrow’s Digital Pass. If you are interested in participating in an Actuary Voices podcast, please contact us at podcast@actuary.org.
Alert Spotlights Climate Change Issues
An Academy alert outlines climate change’s impact on insurance and actuarial work. Recent Contingencies stories—including in the current issue—have highlighted such issues, as did the Academy’s webinar series earlier this year, held in partnership with the National Oceanic and Atmospheric Administration and the National Science Foundation. The alert also highlights the Actuaries Climate Index and other resources. Read the Academy alert.
Issue Paper Examines Social Security & Financially Disadvantaged Groups
A public policy issue paper, Social Security and Financially Disadvantaged Groups, looks at people’s Social Security benefits that are based on earnings but not directly affected by such factors as race, ethnicity, gender, or other protected classes of Title VII of the Civil Rights Act. Due to people’s different earnings histories, Social Security provides less retirement security for some groups, on average, than others. The Social Security Committee previously discussed this subject with respect to gender in the 2017 Women and Social Security issue brief, and the issue paper extends that discussion to other groups. To learn more about the Academy’s pension work, visit the pension public policy page.
Professionalism Outreach: COPE’s Driscoll Speaks to Boston Club
Furthering the Academy’s strategic and educational support of the profession’s self-regulation, Council on Professionalism and Education member David Driscoll presented “The Code, the ASOPs, and the ABCD” to the Actuaries’ Club of Boston on Wednesday. The presentation provided a valuable reminder of the Precepts of the Code of Professional Conduct and a deep dive into the role of the Actuarial Board for Counseling and Discipline (ABCD), including actuarial standards of practice (ASOPs) and the professional guidance the ABCD provides to actuaries through its request for guidance (RFG) process.
Professionalism Speakers Bureau—The Academy provides qualified speakers to actuarial clubs and organizations to help members fulfill their professionalism continuing education requirements. For more information and to request a speaker, visit the Academy website.
Public Policy News in Brief
Health Care Receivables Factors Work Group member David Quinn provided an update to the NAIC’s Health Risk-Based Capital (E) Working Group on the current and proposed H3 Factors.
Senior Pension Fellow Linda K. Stone discussed the need for Social Security reform sooner rather than later in a widely published CNBC story citing the Academy’s recent issue brief on the topic and the Academy’s Social Security Challenge. The story was also mentioned in Fiscal Times.
Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and recordings.
Reminder—P/C Loss Seminar Room Block Closing
A reminder that that hotel room block for December’s Seminar on Effective P/C Loss Reserve Opinions closes next Wednesday, Nov. 15. The annual seminar, to be held Dec. 4–5 in Charlotte, N.C., will offer the latest information on regulations and standards to help P/C actuaries gain an understanding of regulatory perspectives and expectations. See what’s new on the agenda this year—register now.
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