Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | Oct. 14–18, 2024
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ENVISION TOMORROW
Envision Tomorrow Focuses on Key Election-Year Issues
The Academy held a successful annual meeting, Envision Tomorrow, Tuesday and Wednesday in Washington, D.C., putting a spotlight on key issues with less than three weeks until the presidential election. The theme of the meeting was “Exploring a World of Risk” and included such topics as the global risk environment, climate change, aging, financial inclusion, state regulatory trends, Medicare, artificial intelligence (AI), and Social Security. It also featured a general session on the Academy’s commitment to professionalism as a self-regulated profession.
The AI general session, moderated by Academy Board member Dorothy Andrews
In her address, Academy President Lisa Slotznick highlighted the 2024 Election Issues Clearinghouse covering many of the above issues. The Academy’s presidential and leadership transition will take place next month, when Slotznick will be succeeded by President-Elect Darrell Knapp.
Meeting highlights:
Former NATO Supreme Allied Commander Gen. Wesley Clark gave the opening keynote address on global political and security risks, and keynote speaker Leroy Nunery offered insights into financial inclusion.
Anderson (center) and Mais (right) at the NAIC panel,
moderated by Life VP Jason Kehrberg (left)
General sessions included numerous stakeholders on various panels examining relevant issues: a renowned panel of experts explored AI’s opportunities and risks; “A View From the States” featured NAIC President and Connecticut Insurance Commissioner Andrew Mais and new CEO Gary Anderson discussing trends across states and work at the NAIC; AARP Chief Public Policy Officer Debra Bailey Whitman engaged in a fireside chat on longevity and potential policy impact; and a professionalism session featured self-regulation expert Justin Connor and actuarial professionalism experts discussing the role and importance of being a self-regulated profession.
The Academy also bestowed its annual awards—the Jarvis Farley Service Award to Al Bingham; the Robert J. Myers Public Service Award to Fred Andersen; Outstanding Volunteerism Awards to Rhonda Ahrens, Nancy Behrens, Michelle Iarkowski, and Becky Sheppard; the Award for Research to Doron Samuell; and the Rising Actuary Awards to nine recipients—Emma Casehart, Joe Dorocak, Tina Kang, Kirsten Knutson, Christopher Lombardi, Margo MacKenzie, Isabelle McCullough, Amanda Muhlbaier, and Silver Zhou—who will be profiled in the upcoming November/December Contingencies.
Bingham (left) and Andersen receive the Farley and Myers awards from Slotznick
In addition to the NAIC, officials from the Social Security Administration, the Office of Personnel Management; the Department of Health and Human Services; the Government Accountability Office, the Congressional Budget Office, the Wisconsin Office of the Commissioner of Insurance, and the Center for Consumer Information and Insurance Oversight attended and/or presented.
Also attending were representatives of other actuarial and affinity organizations including the American Society of Enrolled Actuaries, Canadian Institute of Actuaries, Casualty Actuarial Society, Conference of Consulting Actuaries, Society of Actuaries, South Asian Network of Actuaries, and The Actuarial Foundation.
President Lisa Slotznick (center) with the 2024 Rising Actuary Award recipients
See more photos on the Academy’s LinkedIn, Facebook, and X social media feeds with the hashtags #EnvisionTomorrow and #Actuaries2024—and look for more coverage in the Envision Tomorrow supplement in the October Actuarial Update, coming out later this month.
EDUCATION AND EVENTS
One Week Left—Early Discounts for Seminar on Effective Property/Casualty Loss Reserve Opinions
There’s just a week left to get an early registration discount to the Seminar on Effective P/C Loss Reserve Opinions, set for Dec. 9–10 in New Orleans. Called by one past attendee “a great distillation of changing requirements and rules, as well as a good pooling of experience,” the seminar is designed for property/casualty actuaries who prepare NAIC statements of actuarial opinion. Early discounts end next Friday, Oct. 25. Register today.
Register for This Month’s Cyber Risk Webinar
Committee on Cyber Risk Chairperson Wanchin Chou will lead committee members in an Oct. 30 webinar, Navigating the Cyber Risk Landscape: New and Emerging Work, which will cover updates to the Cyber Risk Toolkit including personal cyber, cybersecurity requirements set by the Securities and Exchange Commission, and an overview of the global cyber reinsurance market. Register today.
PUBLIC POLICY
Issue Brief Examines ERISA in the Context of Health Benefits
The Health Practice Council released an issue brief, ERISA at 50: ERISA and Health Benefits, which covers the history of the Employee Retirement Income Security Act of 1974’s (ERISA) application to health benefits, subsequent amendments to the landmark law, ERISA’s facilitation of coverage under employer-sponsored health plans, and its challenges. Also released—an executive summary.
Public Policy in Brief
The Casualty Practice Council (CPC) submitted comments regarding the California Department of Insurance’s Notice of Proposed Rulemaking on Catastrophe Modeling and Ratemaking. Specifically, the CPC weighed in on the inclusion of the phrase “most actuarially sound” in the state’s regulations.
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