Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | Oct. 16–20, 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.
Academy Board Conducts October Meeting
The Academy Board of Directors met this week to discuss a number of key initiatives underway and plans for new efforts in the year ahead to fulfill its mission and support members, employers, and future actuaries entering the profession. Topics discussed included the Strategic Plan, volunteer engagement, member value, developments in public policy, and more. The Board also welcomed incoming Board members as observers ahead of the Annual Meeting leadership transition in November and engaged in a full-day session on inclusive leadership as it continues its focus and commitment to diversity, equity, and inclusion. Additional details will be shared in the October Actuarial Update later this month.
Senior Health Fellow Uccello Receives Wynn Kent Award From CCA
Senior Health Fellow Cori Uccello received the prestigious Wynn Kent Public Communication Award from the Conference of Consulting Actuaries (CCA) at CCA’s Annual Meeting in Nashville, Tenn. In remarks accepting the award, Uccello said actuaries’ work touches the lives of every American, including affecting who has access to insurance coverage. CCA meeting presenters included many Academy members, including Frank Todisco, chief actuary of the U.S. Government Accountability Office and a longtime Academy pension volunteer, who will receive the Robert J. Myers Public Service Award at next month’s Envision Tomorrow: 2023 Academy Annual Meeting. Academy leaders, including President Ken Kent, President-Elect Lisa Slotznick and Executive Director Bill Michalisin, were in attendance in support of the CCA at the event.
Envision Tomorrow Hotel Room Block Closing Monday
Reserve your room now for Envision Tomorrow Nov. 13–14 and take advantage of our special attendee rate at the Omni Shoreham Hotel, available through Monday, Oct. 23. This historic hotel is the location for all meeting events and in its neighborhood are top restaurants, the National Zoo, and Rock Creek Park trails. Check out the full agenda online—register soon.
Register Now for November’s Pension Symposium on the Future of Retirement
Registration is open for a one-day, in-person Pension Symposium on Nov. 15—which will follow Envision Tomorrow in the nation’s capital—that will examine retirement issues and feature discussions with experts and stakeholders on the current state and future of retirement. Register now—for inquiries, contact education@actuary.org.
PBR Bootcamp Examines Reinsurance Issues
Wednesday’s PBR Bootcamp: Reinsurance webinar on principle-based reserving (PBR) issues looked at VM-20, which has an entire section dedicated to reinsurance. The webinar also covered topics including risk transfer, coinsurance, and assumption development. The next webinar in the PBR Bootcamp series will be “VM-31 as Seen by Regulators” on Dec. 12. Slides and an on-demand recording are available as a member benefit.
Next Week—Professionalism Webinar to Offer Bias CE
Next week’s professionalism webinar, “Where Does Bias Hide? Defining Data Biases and Unfairly Discriminatory Considerations,” will feature Academy Board Member and Data Science and Analytics Committee Chairperson Dorothy Andrews, who will address the importance of identifying biases in data and algorithms, trends in P/C insurance rate modeling, and more. Attendees can count this toward the U.S. Qualification Standards (USQS) requirement for annual bias continuing education (CE). The webinar is next Thursday, Oct. 26—register today.
Academy to Attend Next Week’s SOA impACT Conference, Host Professionalism Breakfast
Please stop by the Academy’s booth if you’re at next week’s Society of Actuaries’ impACT Conference in Indianapolis, where we’ll have information on the latest Academy activities. Also, the Academy will be hosting a breakfast exploring professionalism topics, including such issues as artificial intelligence and climate change. Academy leaders, including President Ken Kent, President-Elect Lisa Slotznick, Actuarial Standards Board Chairperson Rob Damler, and Executive Director Bill Michalisin, will be in attendance in support of the SOA and members at the event.
Public Policy News in Brief
The Pension Committee and Multiemployer Plans Committeeresponded to the Pension Benefit Guaranty Corporation’s request for comments regarding the proposed rule on Valuation Assumptions and Methods.
An InsuranceNewsNet article cited comments on pension risk transfers from Academy Senior Pension Fellow Linda K. Stone and Director of Communications & Public Affairs David Mendes.
Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and recordings.
Next Week—Retirement Report, Casualty Quarterly
Practice-area quarterly publications Retirement Report and Casualty Quarterly will feature, respectively, a look at the Pension Committee’s recent issue brief and webinar on gender expansive data, and the latest updates on cyber risk issues during Cybersecurity Awareness Month, including an Oct. 10 webinar. Both publications will also highlight recent state and federal legislative and regulatory activity in the two areas.
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