Annual Meeting and Public Policy Forum: Room Block Extended, New Speakers Added, Individual Session Registration
The Academy’s Annual Meeting and Public Policy Forum is just two weeks away. The room block at the Fairmont Hotel in Washington, D.C, has been extended through Monday, Oct. 25—register today and book your room to take advantage of the special rate. By attending in person, you’ll be onsite for all breakout sessions and networking opportunities—plus you’ll have exclusive access to a special in-person-only plenary session featuring Robert Costa, co-author with Bob Woodward of the current bestseller Peril. Learn more about the Fairmont’s commitment to health and safety here.
New Speakers Added: Romain Paserot, International Association of Insurance Supervisors deputy secretary general, and Tom Sullivan, senior associate director, Board of Governors of the Federal Reserve System, will share cutting-edge developments during the “Level Up? The Progression of Insurance Regulation Spanning the International, Federal, and State Levels” plenary session on Nov. 5.
Individual-Session Registration: Interested in gaining insight on a particular topic on the agenda? Individual-session registration is now available. This flexible registration will provide you with the opportunity to hear from and engage with leaders on these issues, plus the ability to earn continuing education (CE) credit. Noncore continuing professional education (CPE) credit under the Joint Board for the Enrollment of Actuaries (JBEA) for pension breakout sessions, and up to 1.8 noncore CPE credit for the professionalism plenary session, will also be available. Register today.
Academy Attends ASPPA Conference
The Academy hosted a booth at this week’s American Society of Pension Professionals & Actuaries (ASPPA) annual conference in National Harbor, Md., just outside of Washington, D.C. The Academy appreciated the opportunity to be an exhibitor at this local conference. It allowed actuaries and other pension professionals to view various issue briefs and Academy publications including Professionalism For the Solo Actuary, The Security of Pension Plan Benefits, The 80% Pension Funding Myth, Actuarial Update, and other recently released public policy materials.
In-Person P/C Loss Early Registration Rates Available Through Nov. 15
There is still time to register for an early discounted rate for in-person attendance at the 2021 Seminar on Effective P/C Loss Reserve Opinions, to be held Dec. 6–7. The in-person early registration deadline has been extended to Nov. 15. This annual event, offered in a hybrid format this year, is designed for property/casualty actuaries who prepare or assist with preparing NAIC annual statements of actuarial opinion on P/C loss reserves. The in-person event, conveniently located at the Hilton Chicago O’Hare Airport hotel, will offer onsite attendees exclusive access to a closing Q&A session with faculty. Join us in December—register today.
Register for Next Month’s Professionalism Webinar, ‘Self-Regulation and the Actuarial Profession’
Join the Academy for next month’s professionalism webinar, “Self-Regulation and the Actuarial Profession,” where you can learn why self-regulation is important to the actuarial profession and what you can do to help ensure it continues. Presenting members of the Committee on Professional Responsibility will discuss the importance of upholding the profession’s standards of conduct, qualification, and practice, as well as how to explain the requirements—and benefits—of actuarial professionalism to principals. Attendees will have the opportunity for organized and professionalism CE credit, and core ethics CPE credit under JBEA rules. The webinar will be held on Thursday, Nov. 11, from noon to 1:30 p.m. EST. Register today.
Professionalism Outreach
Actuarial Board for Counseling and Discipline (ABCD) Staff Attorney Ed Lee delivered a virtual presentation providing an overview of the ABCD to the Columbus Actuarial Club on Wednesday. The session included an engaging Q&A period during which Lee answered attendees’ counseling and discipline questions.
Public Employment Opportunities
The Federal Emergency Management Agency is seeking an actuary to be located in the Washington, D.C., area. The ideal candidate for this position has experience working in insurance, reinsurance, or consulting for pricing, reserving, modeling, and underwriting insurance or reinsurance coverages. The employment notice will remain open through Oct. 28. Learn more about the position and how to apply at USA Jobs.
The state of Indiana is looking for an actuary to join the Department of Insurance. The actuary in this role reviews and analyzes property and casualty insurance rates to determine that they are not excessive, unfairly discriminatory, or inadequate. The incumbent must be a member of the Academy. For more information and to apply, please visit the Work for Indiana website.
The U.S. Department of Labor announced a proposed rule, Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights, which would remove barriers to plan fiduciaries in considering climate change and other environmental, social, and governance factors when selecting investments and exercising shareholder rights. Read the Academy alert.
The Pension Committee, Multiemployer Plans Committee, and Public Plans Committeesubmitted comments to the Actuarial Standards Board regarding the third exposure draft of Actuarial Standard of Practice No. 4, Measuring Pension Obligations and Determining Pension Costs or Contributions.
The Committee on Property and Liability Financial Reporting sent an updated version of its comment letter to the NAIC Blanks Working Group on proposed changes to P/C annual statements.
Chief Investment Officer reported on the Academy’s recent issue brief, The 80% Pension Funding Myth, which addresses a persistent misconception that pension plan health or soundness can be determined solely by referencing a supposed 80% funded ratio “standard.”
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