Academy Resources

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Issue Brief

Work Group Releases LTC Actuarial Equivalence Public Policy Issue Brief

The Long-Term Care (LTC) Reform Subcommittee’s LTC Actuarial Equivalence Work Group released the public policy issue brief, Value of Reduced Benefit Options in Long-Term Care Insurance Rate… Download
Date Published: 05/25/2022
Comment / Letter

Comment Letter to the Housing, Community Development, and Insurance Subcommittee on NFIP

Extreme Events Committee comments to the House Financial Services Subcommittee on Housing, Community Development, and Insurance on the committee’s proposed reauthorization and reforms of the… Download
Date Published: 05/24/2022
Comment / Letter

IFRS 17 Work Group submits comments on IFRS Foundation’s tentative agenda decision “Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17).”

The IFRS 17 Work Group of the Financial Reporting Committee submitted comments to International Financial Reporting Standards (IFRS) Foundation Interpretations Committee Chairperson Bruce Mackenzie… Download
Date Published: 05/23/2022
Comment / Letter

IFRS 17 Work Group submits comments on IFRS Foundation’s tentative agenda decision Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17).

The IFRS 17 Work Group of the Financial Reporting Committee submitted comments to International Financial Reporting Standards (IFRS) Foundation Interpretations Committee Chairperson Bruce Mackenzie… Download
Date Published: 05/23/2022

Committee Sends Issue Brief to NAIC Life Actuarial (A) Task Force

The Academy’s Life Experience Committee submitted a Discussion Brief to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force regarding COVID-19 in Life Insurance… Download
Date Published: 05/23/2022

IFRS 17 Work Group submits comments on IFRS Foundation’s tentative agenda decision “Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17).”

IFRS 17 Work Group submits comments on IFRS Foundation’s tentative agenda decision “Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17).” The IFRS 17 Work Group of the… Download
Date Published: 05/23/2022
Comment / Letter

Climate Change Joint Task Force Submits Comments to Employee Benefits Security Administration

The Academy’s Climate Change Joint Task Force (CCJTF) submitted comments to the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) on their Request for Information on… Download
Date Published: 05/16/2022
Presentation

Group Life Waiver Premium Valuation Table Work Group Updates Presentation to the NAIC Health Actuarial (B) Task Force

Group Life Waiver Premium Valuation Table Work Group chairperson, Sue Sames, presented an update on proposed recommendations to the National Association of Insurance Commissioners (NAIC) Health… Download
Topics: NAIC
Date Published: 05/16/2022
Comment / Letter

Comment Letter to the Treasury Department and FIO on the Terrorism Risk Insurance Program

Cyber Risk Task Force comments to the U.S. Department of the Treasury and Federal Insurance Office (FIO) request for comment (RFC) on the effectiveness of the cyber considerations of the Terrorism… Download
Date Published: 05/16/2022

Work Group Submits Comments on Exposure of Proposed Actuarial Guideline related to Index-Linked Variable Annuities

The Academy’s Index-Linked Variable Annuity Work Group submitted comments to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on its exposure of a draft… Download
Topics: Annuities
Date Published: 05/06/2022

Work Group Submits Comments to the Colorado Division of Insurance on SB21-169 on Life Insurance Underwriting

The Academy’s Life Underwriting and Risk Classification Work Group submitted comments to the Colorado Division of Insurance on the stakeholder engagement process to develop rules to implement… Download
Topics: Life Insurance
Date Published: 05/06/2022
Presentation

Academy Presentation on Longevity Reinsurance

Academy Presentation to NAIC Valuation Manual (VM)-22 (A) Subgroup on Longevity Reinsurance   Download
Topics: NAIC Reinsurance
Date Published: 05/05/2022

Work Group Sends Presentation to NAIC Valuation Manual (VM)-22 (A) Subgroup on Longevity Reinsurance

The Academy’s Annuity Reserves and Capital Work Group submitted a presentation to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force’s VM-22 Subgroup regarding… Download
Topics: NAIC Reinsurance
Date Published: 05/05/2022
Comment / Letter

Academy Comment Letter on Exposure of Proposed Actuarial Guideline related to Indexed-Linked Variable Annuities

Academy Comment Letter on Exposure of Proposed Actuarial Guideline on Nonforfeiture Requirements for Index Linked Variable Annuity Products Supported by Non-Unitized Accounts.   Download
Topics: Annuities
Date Published: 05/02/2022
Comment / Letter

Academy Comment Letter on Exposure of Proposed Actuarial Guideline related to Asset Adequacy Testing

Academy Comment Letter on Exposure of Proposed Actuarial Guideline related to Asset Adequacy Testing    Download
Date Published: 05/02/2022
Comment / Letter

Academy Comment Letter to the Colorado Division of Insurance on SB21-169 on Life Insurance Underwriting

Academy Comment Letter to the Colorado Division of Insurance on SB21-169 on Life Insurance Underwriting    Download
Topics: Life Insurance
Date Published: 05/02/2022
Issue Brief

Issue Brief on Public Policy Considerations for Funding Rules Proposals

Pension Committee issue brief highlighting key considerations around potential modifications to single employer pension plan funding rules.   Download
Date Published: 04/20/2022
Practice Note

Work Group Releases Practice Note on Long-Term Care Insurance Combination Product Valuation

The Academy’s Life Long-Term Care Combo Product Valuation Practice Note Work Group released Long-Term Care Insurance Combination Product Valuation, a practice note to that addresses the application…
Date Published: 04/20/2022

Committee Releases Issue Brief on Funding Rules Considerations

The Pension Committee published an issue brief highlighting public policy considerations involved in potential modifications to single employer pension plan funding rules. Download
Date Published: 04/20/2022
Presentation

Academy DE&I Presentation at The Drake Symposium

On April 9, 2022, Academy Board member and Health Equity Work Group (HEWG) Chairperson Annette James presented to about 150 students at the Drake Symposium on Insurance on “Diversity, Equity &… Download
Date Published: 04/14/2022
Presentation

LPC Presents to LATF at Spring National Meeting

Academy Life Vice President Ben Slutsker gave a presentation on recent Life Practice Council activity to the NAIC’s Virtual 2022 Life Actuarial Task Force (LATF) Spring National Meeting. Download
Topics: NAIC
Date Published: 03/31/2022

ESG Work Group Presents to LATF

The Economic Scenario Generator (ESG) Work Group gave updates in response to LATF questions on the work group’s recent presentation on Model Office ESG Testing. Download
Date Published: 03/31/2022
NAIC Report

Academy HPC Spring 2022 Update to NAIC Health Actuarial (B) Task Force

Academy Health Practice Council (HPC) Vice Chairperson, Barb Klever, provided an update on HPC activities to the National Association of Insurance Commissioners (NAIC) Health Actuarial (B) Task Force… Download
Topics: NAIC
Date Published: 03/29/2022

Academy Comments on APF 2020-12; Hedging strategies in VM-20 and VM-21

The Life Valuation Committee submitted comments on APF 2020-12 regarding hedging in VM-20 and VM-21 to the NAIC’s Life Actuarial Task Force. Download
Topics: NAIC
Date Published: 03/25/2022
Comment / Letter

Academy Task Force Comments on the exposed draft Actuarial Guideline on Asset Adequacy Testing

The Asset Modeling and Reporting Task Force submitted comments on the draft Actuarial Guideline (AG) on Asset Adequacy Testing (AAT) which was exposed during the NAIC’s Life Actuarial Task… Download
Topics: NAIC
Date Published: 03/25/2022