This Week, Oct. 7 - 11, 2024

Academy Office Closed Monday

The Academy’s office will be closed on Monday, Oct. 14, for the federal holiday.

Envision Tomorrow Is Next Week—Digital Pass Available

Envision Tomorrow, the Academy’s annual meeting, is coming next week to the nation’s capital. There’s still time to get a Digital Pass registration for the Oct. 15 & 16 event, which allows virtual access to all general sessions and select practice-area breakouts. For those attending in person, take advantage of the many networking opportunities to engage with other attendees including a reception following the Oct. 15 program, an optional “Memorials by Moonlight” tour that evening, a scavenger hunt, and an Oct. 16 morning Fun Run & Walk. Follow the Academy’s social media feeds for the latest—and post your own—using the hashtags #EnvisionTomorrow and #Actuaries2024. Secure your Digital Pass.

• Recordings available—Recordings of most Envision Tomorrow sessions (general and breakouts) will be available to attendees to view free of charge for 30 days after the event, and available to all Academy members for a fee. Keep an eye out for an email detailing how to access them via Academy Learning.

Two Weeks Left—Early Discounts for Seminar on Effective Property/Casualty Loss Reserve Opinions

Early registration discounts are available for the 2024 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 run through Oct. 25. Register today.

OUTREACH & NEWS

Retirement Report Looks at Immigration & Social Security

The Fall Retirement Report leads with a Q&A with Social Security Committee Chairperson Sam Gutterman on the committee’s recent issue paper on the importance of immigration to Social Security’s financial sustainability. Also in the issue, Envision Tomorrow retirement breakout sessions and the latest in the Academy’s “ERISA at 50” series.

Actuarially Sound Highlights Importance of Informed Voting

The latest Actuarially Sound blog post notes the importance of voting and highlights the Academy’s Election 2024: Issues Clearinghouse—a resource for members, public policymakers, and the broader public policy community to find independent, unbiased insights with the actuarial perspective on some of the top public policy issues facing the country.

In The News

• The Academy’s February issue brief on offshore reinsurance was cited in a Reinsurance Business story on recent related NAIC activity.

PUBLIC POLICY

Academy Attends AAE Meeting

Academy Senior Director of Public Policy Geralyn Trujillo attended this week’s Actuarial Association of Europe (AAE) meeting in Budapest, Hungary. Representing more than 29,000 European actuaries, the AAE meeting focused on several key areas in policy, governance, and professionalism. Discussions included the impact of AI in the insurance industry, the economy, and the role of the actuaries; the future of the profession and the need to continue to elevate the expertise and knowledge that actuaries bring to the C-suite; the influence of Solvency II and what future changes could mean; and how the AAE and its member associations will continue to engage and grow its relationship with key external stakeholders, including the European Parliament, the European Insurance and Occupational Pensions Authority (EIOPA), and the International Actuarial Association (IAA).

Public Policy in Brief

• The Life Practice Council provided comments to the entirety of the NAIC Life Actuarial Task Force on the exposure, AAT for Reinsurance Actuarial Guideline Draft.

Visit the Public Policy webpage to stay on top of the latest news and activity.

PROFESSIONALISM

ICYMI—‘Professionalism and the Academy’ Video

In case you missed it, a new Academy video takes a look at the various elements of professionalism that guide actuaries, the standards they hold themselves to, and the many ways in which the Academy helps serve their professionalism needs. Watch the video on the Academy’s YouTube channel and spread the word on the importance of and role that professionalism plays in reinforcing what it means to be an actuary.

• Like/share on LinkedIn—Like the video? Share it with your professional network—if you’re on LinkedIn, click here to like and share the Academy’s post.

PUBLIC NOTICES

JBEA Seeks Actuarial Exam Advisory Committee Members

The Joint Board for the Enrollment of Actuaries (JBEA) is seeking applications for the Advisory Committee on Actuarial Examinations for a term from March 1, 2025, to Feb. 28, 2027. The committee plays an integral role in assisting the JBEA in offering examinations that test the knowledge necessary to qualify for enrollment.

• Applications/information—For information on how to apply, visit the IRS/JBEA public webpage.

Public Employment Opportunity—FEMA Seeks Chief Actuary

The Federal Emergency Management Agency (FEMA) is seeking a chief actuary for the Federal Insurance Directorate. As a member of the senior management team, the chief actuary will support the assistant administrator of federal insurance and assist senior executives for federal insurance on all actuarial matters, and serve as an adviser to the FEMA administrator when necessary. For more and to apply, visit USAJOBS.

• The Academy supports government employers who are seeking to hire qualified actuaries. For more, see our Public Employment Opportunity Posting Policy.

EVENTS CALENDAR

• Oct. 15–16 [Annual Meeting] Envision Tomorrow 2024; Washington, D.C.

• Oct. 30 [Webinar] Navigating the Cyber Risk Landscape: New and Emerging Work

• Nov. 4–7 [Seminar] Life and Health Qualifications Seminar; Arlington, Va.

• Nov. 12 [Professionalism/Health webinar] Ethical Dilemmas Facing Health Actuaries: Insights and Case Studies

• Dec 3 [Webinar] Retirement Capital Markets Update

• Dec. 6 [Professionalism webinar] Tales From the Dark Side 2024

• Dec. 12 [Webinar] Surplus Considerations for Public Pension Plans

• Dec. 9–10 [Seminar] Seminar on Effective P/C Loss Reserve Opinions; New Orleans

Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and recordings.

Coming Soon—Academy Board Meeting

The Academy’s Board of Directors will meet next week in conjunction with Envision Tomorrow. Look for a recap in the upcoming October Actuarial Update, out at the end of this month.