Academy Resources
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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
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
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
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
Toolkit
Digital assets and their roles in cybercrime continue to increase. This paper seeks to provide a baseline understanding of digital assets for insurance industry practitioners whose lines of business… Download
Cyber Risk Toolkit: Digital Assets and Their Current Roles Within Cybercrime
Topics: Cyber Risk
Date 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
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
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
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
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
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
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
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
Presentation
Academy Presents on Health Equity at SOA Meeting
Health Equity Committee (HEC) Chairperson Annette James presented at the 2023 Society of Actuaries Health Meeting in Seattle on “Health Equity: What it Means for Actuaries.” Her presentation… Download
Topics: Health Equity
Date Published: 06/26/2023
Presentation
Presentation to SEAC on Health Equity and the Upcoming Health Equity Symposium/Workshops
Academy Health Equity Committee Vice Chairperson Stacey Lampkin presented to the Southeastern Actuaries Conference (SEAC) on the committee’s ongoing work on health equity, including the upcoming… Download
Topics: Health Equity
Date Published: 06/22/2023
Practice Note
Selecting and Documenting Pension Assumptions Other Than Discount Rate, Investment Return, and Mortality
Pension Committee practice note, , updating a 2009 practice note, revised to reflect updated actuarial standards of practice (ASOPs), including changes in ASOP Nos. 27 and 35 that are effective for… DownloadDate Published: 06/21/2023
Committee Releases Revised Practice Note on Selecting and Documenting Other Pension Assumptions
The Pension Committee released a practice note, Selecting and Documenting Pension Assumptions Other Than Discount Rate, Investment Return, and Mortality, updating a 2009 practice note, revised to… DownloadDate Published: 06/21/2023
Comment / Letter
Comments from Committees on Exposure Draft of Proposed Revision of ASOP No. 27 and Repeal of ASOP No. 35
Comments from the Pension Committee, Multiemployer Plans Committee, and Public Plans Committee to the Actuarial Standards Board regarding the exposure draft of the proposed revision of Actuarial… DownloadDate Published: 06/16/2023