Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | Oct. 9–13, 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.
Professionalism Webinar Examines Generative AI
Thursday’s professionalism webinar, “Generative AI: Opportunities and Pitfalls for Actuaries,” examined emerging issues around artificial intelligence (AI), including ChatGPT, what makes generative AI different, and how generative AI intersects with actuarial practice. Presenters discussed the professionalism implications for actuaries using AI and the risks AI could pose for actuaries. “These tools are useful, but you still need to have someone skilled in the area to review and understand and make sure the results are good,” said Joseph Long, who presented alongside Hans Leida. Actuarial Standards Board member Rick Lassow moderated. Slides and a recording will be available as a complimentary member benefit.
More AI Resources—In case you missed it, the Academy sent out an Alert highlighting the wealth of content available to members on the evolving use of AI for actuaries, including a new “Topics In Focus” section on the Contingencies website.
Oct. 26 Bias Professionalism Webinar Will Offer Bias CE
In the next professionalism webinar, “Where Does Bias Hide? Defining Data Biases and Unfairly Discriminatory Considerations,” Data Science and Analytics Committee Chairperson Dorothy Andrews 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 USQS requirements for annual bias continuing education (CE). The webinar will be on Thursday, Oct. 26—register today.
Pension Webinar—Buy Out Group Annuity Purchase Primers
With Cybersecurity Awareness Month underway, the Committee on Cyber Risk hosted Tuesday’s webinar, “Navigating the Cyber Risk Landscape: New and Emerging Work,” in which presenters discussed the latest addition to the Cyber Risk Toolkit, “Digital Assets and Their Current Roles Within Cybercrime,” and previewed upcoming chapters. Slides and a recording are available as a complimentary member benefit.
Next Week—PBR Bootcamp Webinar Eyes Reinsurance Issues
This year’s PBR Bootcamp series on principle-based reserving (PBR) issues continues next week with a reinsurance webinar. PBR Implementation Subcommittee members Lorne Schinbein and Sheldon Summers will present at the webinar, set for Wednesday, Oct. 18. Register today.
Room Block Closing Soon for Envision Tomorrow
Planning to attend Envision Tomorrow, the Academy’s Annual Meeting Nov. 13–14 in Washington, D.C.? Make sure to reserve your room now and take advantage of our special attendee rate—only available until Oct. 23—for the Omni Shoreham Hotel. This historic hotel is the location for all meeting events, and its prime location has top restaurants, the National Zoo, and Rock Creek Park trails nearby. Check out the full agenda online—register soon.
Academy Engages With GASB
The Academy met with Joel Black, chair of the Governmental Accounting Standards Board (GASB), and Lou Costantino, vice president and head of government affairs of the Financial Accounting Foundation (FAF), this week to continue discussions around GASB’s priorities and future projects. The meeting was led by Academy President Ken Kent and Pension Practice Council Vice President Sherry Chan and included President-Elect Lisa Slotznick; Secretary-Treasurer Darrell Knapp; Pension Public Plans Committee chairperson and vice chairperson Todd Tauzer and Andy Blough, respectively, Executive Director Bill Michalisin; and Senior Director of Public Policy Geralyn Trujillo.
ICYMI—Contingencies ‘Topics in Focus’
In case you missed it, Contingencies has more information on topics such as cyber risk, AI, and professionalism in dedicated “Topics In Focus” sections—deep-dive content repositories that show how thinking around these and other subjects has evolved. More of these content sections will be developed to help showcase the wealth of perspectives our members have brought to bear over the years.
Public Policy News in Brief
Senior Health Fellow Cori Uccello and Health Equity Committee members Ugo Okpewho and Sara Teppema gave an overview of the committee’s work on equity considerations related to provider contracting and network development to AHIP’s Health Equity Workgroup.
Senior Health Fellow Cori Uccello gave an overview of the Health Equity Committee’s work on equity considerations related to benefit design to the Center on Budget and Policy Priorities’ (CBPP) Marketplace Affordability Project.
Morningstar cited the Actuaries Longevity Illustrator, developed jointly by the Academy and the Society of Actuaries. A Wall Street Journal article used the Actuaries Longevity Illustrator to explain the probability of President Biden and former President Trump living to older ages.
Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and recordings.
The Academy at SOA—Oct. 24 Professionalism Breakfast
Attending SOA’s ImpACT Conference in Indianapolis? Start your morning fueled with the latest professionalism information from the Academy. An information session will be held Tuesday, Oct. 24, from 8:30 to 9:30 a.m. EDT; breakfast is served at 8 a.m. RSVP now to save your seat.
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