Academy Resources
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Issue Brief
Valuing Gender Expansive Data Issue Brief
Pension Committee issue brief examining issues pension actuaries may consider when performing an actuarial valuation using sex/gender expansive data—data on sex/gender that is either missing or… Download
Topics: Retirement
Date Published: 08/14/2023
Presentation
Subcommittee Presents to Risk-Based Capital Investment Risk and Evaluation (E) Working Group
The C1 Subcommittee presented to NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group on principles for structured securities RBC. DownloadDate Published: 08/13/2023
Presentation
Economic Scenario Generator Subcommittee Presents to LATF
The Economic Scenario Generator Subcommittee presented to the NAIC’s Life Actuarial (A) Task Force on interest rate acceptance criteria at the NAIC Summer National Meeting in Seattle, WA. Download
Topics: NAIC
Date Published: 08/11/2023
Presentation
Academy Committee and SOA Oversight Advisory Council Submit Presentation to LATF
The Academy’s Life Experience Committee and the SOA’s Mortality and Longevity Oversight Advisory Council (MLOAC) presented to the National Association of Insurance Commissioners’ Life Actuarial… Download
Topics: NAIC
Date Published: 08/10/2023
Issue Brief
Health Equity and Benefit Design
A new issue brief released by the Health Equity Committee provides an overview of issues related to designing health benefits to improve health equity. These issues were discussed in the first of a… DownloadDate Published: 08/08/2023
Issue Brief
Health Equity and Benefit Design – Part 1
Health Equity and Benefit Design—Part 1: Overview A new issue brief released by the Health Equity Committee provides an overview of issues related to designing health benefits to improve health… DownloadDate Published: 08/08/2023
Issue Brief
Discrimination: Considerations for Machine Learning, AI Models, and Underlying Data
This issue brief defines discrimination (including distinguishing between discrimination, unfair discrimination, and unjust discrimination); presents practical methods for testing and monitoring… DownloadDate Published: 08/07/2023
Policy Paper
Committee Releases White Paper on Pre-Tax vs. Post-Tax Maintenance Reserves in Stochastic Principle-Based Reserves
The Life Valuation Committee released a white paper, Pre-Tax vs. Post-Tax Maintenance Reserves in Stochastic Principle-Based Reserves. The paper discusses considerations of using various interest… DownloadDate Published: 08/04/2023
White Paper on Pre-Tax vs. Post-Tax Maintenance Reserves in Stochastic Principle-Based Reserves
The Life Valuation Committee released a white paper, Pre-Tax vs. Post-Tax Maintenance Reserves in Stochastic Principle-Based Reserves. The paper discusses considerations of using various interest… DownloadDate Published: 08/04/2023
Comment / Letter
HPC Committees Comment on 2024 NBPP
The Health Practice Council’s Individual and Small Group Markets Committee and Risk Sharing Subcommittee submitted a comment letter to the Centers for Medicare & Medicaid Services’… Download
Topics: Medicare / Medicaid
Date Published: 07/30/2023
Presentation
P/C RBC Committee Presents to NAIC
Ronald Wilkins, vice chairperson of the Property and Casualty Risk-Based Capital (P/C RBC) Committee, presented an update to NAIC’s Property and Casualty Risk-Based Capital (E) Working Group on the… DownloadDate Published: 07/27/2023
Issue Brief
Drivers of 2024 Health Insurance Premium Changes
The Individual and Small Group Markets Committee released its annual issue brief laying out the factors underlying premium rate setting and highlighting the major components driving premium changes… Download
Topics: Health Insurance
Date Published: 07/19/2023
Issue Brief
DSAC Issue Brief Examines Data Bias
The Data Science and Analytics Committee (DSAC) released an issue brief, An Actuarial View of Data Bias: Definitions, Impacts and Considerations. The issue brief—the first in a new DSAC series… Download
Topics: Data Science / Big Data Equity, Diversity, and Inclusion Financial Reporting Risk Management
Date Published: 07/18/2023
Presentation
Academy Presents to ERISA Advisory Council
Academy Senior Life Fellow Nancy Bennett and Paul Navratil, chairperson of the Life Investment and Capital Adequacy Committee, presented to the U.S. Department of Labor’s ERISA Advisory Council… DownloadDate Published: 07/17/2023
Academy Presents at SOA Virtual Health Meeting
Academy Senior Health Fellow Cori Uccello presented on “Considerations for Calculating Cost-Sharing Reduction Load Factors” at the Society of Actuaries’ virtual health meeting. DownloadDate Published: 07/14/2023
Toolkit
Cyber Risk Toolkit: Digital Assets and Their Current Roles Within Cybercrime
The Committee on Cyber Risk released a new chapter in the Cyber Risk Toolkit, “Digital Assets and Their Current Roles Within Cybercrime.” The paper seeks to provide a baseline understanding of… DownloadDate Published: 07/14/2023
Comment / Letter
Letter to NAIC HRBC Working Group on H2 Updates
The Health Solvency Subcommittee’s Health Underwriting Risk Factors Analysis Work Group sent a letter updating the NAIC’s Health Risk-Based Capital (E) Working Group (HRBC) on progress on the… DownloadDate Published: 07/13/2023
Comment / Letter
Life Work Group Comments on ILVA Product Standards
The Life Index-Linked Variable Annuity (ILVA) Work Group submitted a comment letter to the ILVA Subgroup of the Product Standard Committee Interstate Insurance Product Regulation Commission on 2023… DownloadDate Published: 07/13/2023
Comment / Letter
Committee Comments to California Department of Insurance
The P/C Extreme Events and Property Lines Committee submitted a comment letter to the California Department of Insurance for the Department’s upcoming public workshop on Catastrophe Modeling and… Download
Topics: Casualty
Date Published: 07/12/2023
Issue Brief
Committee Releases Buy-Out Group Annuity Purchase Primer Issue Brief
The Pension Committee released an issue brief focusing on “buy-out” annuity contract transactions, one of the ways pension plan sponsors transfer pension payment responsibilities and associated… Download
Topics: Retirement
Date Published: 07/07/2023
Issue Brief
Buy-Out Group Annuity Purchase Primer
Pension Committee issue brief on pension plan sponsor role and considerations regarding “buy-out” annuity contract transactions. Download
Topics: Retirement
Date Published: 07/07/2023
Issue Brief
An Actuarial View of Data Bias: Definitions, Impacts and Considerations
This issue brief examines the key types of data bias that actuaries may encounter and focuses on the kinds of biases found in modeling data and the implications for algorithmic outcomes. DownloadDate Published: 07/01/2023
Comment / Letter
Committee Comments to CMS on Medicaid Managed Care NPRM
The Health Practice Council’s Medicaid Committee submitted a comment letter to the Centers for Medicare & Medicaid Services’ (CMS) notice of proposed rulemaking (NPRM), Medicaid and… DownloadDate Published: 06/30/2023
Issue Brief
Experience-Sharing Lifetime Income Issue Brief
Issue brief authored by the Lifetime Income Joint Risk Committee considering Experience-Sharing Lifetime Income (ESLI), a retirement income approach that shares features of both lifetime annuities… DownloadDate Published: 06/28/2023
Committee Releases Issue Brief on ESLI
The Lifetime Income Joint Risk Committee released Experience-Sharing Lifetime Income (ESLI), an issue brief considering a retirement income concept now being used in many other countries, which… DownloadDate Published: 06/28/2023