Keeping you in the know—the latest news from the Academy
RECENT ACADEMY ACTIVITY | Sept 11–15, 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 Focuses on the Code, Precept 13
Thursday’s professionalism webinar, “The Code of Professional Conduct: Succeeding at Self-Regulation,” featured Academy President Ken Kent, Professionalism Vice President Tim Geddes, and Actuarial Board for Counseling and Discipline member Cande Olsen discussing the Academy’s Code of Professional Conduct. The participants explored each actuary’s obligation to maintain the profession’s self-regulating status by adhering to the Code’s high standards, with a special emphasis on what to do when an actuary has knowledge of an apparent, unresolved, material violation of the Code by another actuary. See the upcoming September Actuarial Update for more—a recording and slides will be available soon as a complimentary member benefit.
Early Registration Ends Today for P/C Loss Reserve Opinions Seminar
Today is the last day to save on registration for the 2023 Seminar on Effective P/C Loss Reserve Opinions. This annual seminar, to be held Dec. 4–5 in Charlotte, N.C., equips attendees with information on the latest regulations and standards, plus provides an opportunity to earn more than 13 hours of continuing education. Register now for the best rates to attend.
Academy Presents at CLRS
Academy volunteers presented at this week’s Casualty Loss Reserve Seminar in Orlando, Fla., sponsored jointly by the Academy and the Casualty Actuarial Society. Senior Casualty Fellow Rich Gibson moderated several panels, and volunteers presented on the Cyber Risk Toolkit as well as the medical marijuana and workers’ compensation issue brief released earlier this year.
Member-Selected Directors Process Ends Next Week
The process to choose member-selected directors for the Academy’s Board ends next Wednesday, Sept. 20. Members should have received a Sept. 6 email from our vendor, Intelliscan, via academy@intelliscaninc.net. For more information on candidates Lena Black, Donna Megregian, and Maambo Mujala, visit the Board Selection Center. All members are encouraged to take part in the selection process.
Academy Engages on Cyber on the International Stage
Director of Research Steve Jackson gave a presentation Thursday on the Academy’s activities in the cyber risk space at the International Workshop on Cyber Risk and Security during the Cyber Conference in Paris, France, which was sponsored by the Center of Research in Econo-finance and Actuarial Sciences on Risk (CREAR). Reflecting the Academy’s ongoing focus on cyber risk, it is an issue shared by the Risk Management and Financial Reporting Council and the Casualty Practice Council. Jackson’s presentation highlighted multiyear research the Academy is conducting with international experts, underscoring the global impact that cyber risk is having on the profession and in the broader risk community.
Reminder—Two Weeks Left for Research Poster Submissions
There are two weeks left for submissions for the inaugural Academy-hosted Research Poster Exhibition being held in conjunction with Envision Tomorrow, the Academy’s Annual Meeting in November. Click here to learn more about Envision Tomorrow and how to submit your poster. The deadline for submissions is Sept. 29.
Actuary Voices Features Pension Committee Members
Maria Kirilenko and Koren Holden, members of the Pension Committee and contributing authors of the new issue brief Valuing Gender Expansive Data, are featured in the latest Actuary Voices. Their conversation focuses on issues pension actuaries might consider when performing valuations using sex/gender expansive data. They also discuss their Academy volunteer experiences and their paths to joining the profession.
Public Policy News in Brief
Senior Health Fellow Cori Uccello and Health Equity Committee member Rebecca Sheppard gave an overview of the committee’s work on equity considerations related to health plan pricing to AHIP’s Health Equity Workgroup.
The Individual and Small Group Markets Committee, Risk Sharing Subcommittee, and Active Benefits Committee submitted a comment letter to the Department of Health and Human Services, Department of Labor, and the Department of the Treasury on the Short-Term, Limited-Duration Insurance; Independent, Noncoordinated Excepted Benefits Coverage; Level-Funded Plan Arrangements; and Tax Treatment of Certain Accident and Health Insurance notice of proposed rulemaking (NPRM).
The Pension Committee released an issue brief, Enhancing Retirement Security Through Changes in Plan Design and Related Requirements, which examines modifications to defined benefit (DB) plans that would make them more attractive for modern employers, and looks at ways to incorporate some of the more desirable attributes of DB plans into the more common defined contribution (DC) options that many employers are currently offering.
The ERM/ORSA Committeesubmitted comments to the Actuarial Standards Board on the proposed actuarial standard of practice Enterprise Risk Management exposure draft.
The Individual and Small Group Markets Committee’s health insurance premium drivers issue brief was used to provide context in a Fierce Healthcare story on health plan premium rate changes.
A news summary of the NAIC Innovation, Cybersecurity, and Technology (H) Committee’s meeting at the NAIC Summer National Meeting noted the Academy’s comments on a draft model bulletin on insurers’ use of algorithms, predictive models, and artificial intelligence systems. It was reprinted by Mondaq.
Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and recordings.
Coming Next Week—Life Perspectives
The Fall Life Perspectives will lead with a wrap of Academy life presentations at last month’s NAIC Summer National Meeting in Seattle—and a follow-on presentation at the Society of Actuaries Life Meeting on New Orleans—along with coverage of recent Life Practice Council webinars, and legislative and regulatory activity.
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