Academy Resources
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Subcommittee Comments to CMS on Proposed Rule
The Long-Term Care Medicaid Subcommittee submitted a comment letter to the Centers for Medicare & Medicaid Services (CMS) on the proposed rule, “Medicare Program; Contract Year 2023 Policy and… DownloadDate Published: 03/07/2022
Comment / Letter
Subcommittee Comment Letter to CMS on the Proposed Rule for the 2023 Policy and Technical Changes to the Medicare Advantage and Medicare Prescription Drug Benefit Programs
The Long-Term Care Medicaid Subcommittee submitted a comment letter to the Centers for Medicare & Medicaid Services (CMS) on the proposed rule, “Medicare Program; Contract Year 2023 Policy and… DownloadDate Published: 03/07/2022
Annuity Reserves and Capital Work Group Submits Recommendations of Aggregation Principles to LATF’s VM-22 Subgroup
The Annuity Reserves and Capital Work Group Submitted Recommendations of Aggregation Principles as outlined in the Academy’s Preliminary Framework Elements for Fixed Annuity Principle-Based… Download
Topics: Principle-Based Reserving
Date Published: 03/04/2022
Presentation
Economic Scenario Generator Work Group’s Model Office Testing Presentation to LATF
The Economic Scenario Generator Work Group’s presentation to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on model office testing scenarios of the new economic… DownloadDate Published: 03/03/2022
Economic Scenario Generator Work Group Presents Model Office Testing to LATF
The Economic Scenario Generator Work Group presented to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on model office testing scenarios of the new economic… DownloadDate Published: 03/03/2022
Issue Brief
Raising the Retirement Age for Social Security
Social Security Committee issue brief examining the potential effects of increasing the Social Security normal retirement age. DownloadDate Published: 03/01/2022
Committee Publishes Issue Brief on Social Security Retirement Age
The Social Security Committee released an issue brief examining the potential effects of increasing the Social Security normal retirement age, which it has identified as likely to be a… DownloadDate Published: 03/01/2022
Toolkit
The American Academy of Actuaries’ Cyber Risk Toolkit, developed by the Academy’s Cyber Risk Task Force, is comprised of a series of papers addressing issues pertinent to cyber risk insurance… Download
Updated Cyber Risk Tool Kit
Date Published: 02/24/2022
Variable Annuity Reserves and Capital Work Group Releases VM-21 Practice Note Supplement
The Academy’s Variable Annuity Reserves and Capital Work Group released its VM-21 Practice Note Supplement, Implementation of Requirements for Principle-Based Reserves for Variable Annuities –… Download
Topics: Annuities
Date Published: 02/14/2022
Comment / Letter
Variable Annuity Reserves and Capital Work Group’s VM-21 Practice Note Supplement
The Academy’s Variable Annuity Reserves and Capital Work Group’s VM-21 Practice Note Supplement, Implementation of Requirements for Principle-Based Reserves for Variable Annuities – 2022 Edition… Download
Topics: Annuities
Date Published: 02/14/2022
Comment / Letter
Life Underwriting and Risk Classification Work Group’s Comments on Accelerated Underwriting
The Academy’s Life Underwriting and Risk Classification Work Group’s comments to the NAIC’s Accelerated Underwriting (A) Working Group on its paper summarizing what the working group has learned… Download
Topics: NAIC
Date Published: 02/11/2022
Essential Elements: Clarifying Misunderstanding of Life Expectancy and COVID-19
The Academy’s Essential Elements: Clarifying Misunderstanding of Life Expectancy and COVID-19 is a useful guide for understanding this complex concept, especially with regard to the COVID-19… DownloadDate Published: 02/11/2022
Testimony
Statement for the Record on the Hospital Insurance Trust Fund and the Future of Medicare Financing
Medicare Committee Chairperson Rina Vertes and Academy Senior Health Fellow Cori Uccello submitted a statement for the record to the U.S. Senate Committee on Finance Subcommittee on Fiscal… Download
Topics: Medicare / Medicaid
Date Published: 02/11/2022
Annuity Reserves and Capital Work Group Sends Letter and Spreadsheet to Valuation Manual (VM)-22 Subgroup on VM-22 Mix
The Academy’s Annuity Reserves and Capital Work Group submitted a letter and spreadsheet to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force’s VM-22 Subgroup… DownloadDate Published: 02/09/2022
Comment / Letter
Capital Work Group’s Letter and Spreadsheet to Valuation Manual (VM)-22 Subgroup
The Academy’s Annuity Reserves and Capital Work Group’s letter and spreadsheet to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force’s VM-22 Subgroup regarding a… DownloadDate Published: 02/09/2022
Comment / Letter
Academy Submits Letter to Colorado Division of Insurance
Academy President Maryellen Coggins submitted a letter to the Colorado Division of Insurance in advance of the upcoming stakeholder engagement process for the recently passed state law aimed to… DownloadDate Published: 02/04/2022
Comment / Letter
Life Illustrations Work Group’s Comments on Indexed Universal Life Illustrations Exposure
The Academy’s Life Illustrations Work Group’s comment letter to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on its exposure draft regarding the indexed… DownloadDate Published: 02/03/2022
Comment / Letter
Committee Comments on Draft 2023 Actuarial Value (AV) Calculator Methodology
The Individual and Small Group Markets Committee submitted comments to the Centers for Medicare & Medicaid Services’ Center for Consumer Information & Insurance Oversight (CCIIO) on… Download
Topics: Medicare / Medicaid
Date Published: 01/31/2022
Comment / Letter
Asset Modeling and Reporting Task Force’s Comments on Proposed Asset Adequacy AG
The Asset Modeling and Reporting Task Force’s comments to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on its proposed second exposure draft of an actuarial… DownloadDate Published: 01/28/2022
Issue Brief
The Academy’s Extreme Events and Property Lines Committee published a new document, Wildfire: An Issue Paper—Lessons Learned from the 2017-2021 Events.
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Wildfires Issue Paper Released
Date Published: 01/27/2022
Index-Linked Variable Annuities Work Group Submits Comments on Proposed ILVA AG
The Index-Linked Variable Annuities Work Group submitted a comment letter to the National Association of Insurance Commissioners’ Index-Linked Variable Annuity (A) Subgroup of the Life Insurance… DownloadDate Published: 01/27/2022
Asset Modeling and Reporting Work Group Submits Comments on Proposed Asset Adequacy AG
The Asset Modeling and Reporting Work Group submitted comments to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on its proposed second exposure draft of an… DownloadDate Published: 01/27/2022
Comment / Letter
HPC Committees Comment on 2023 NBPP
The Health Practice Council’s Individual and Small Group Markets Committee, Risk Sharing Subcommittee, and Health Equity Work Group submitted a comment letter to the Centers for Medicare &… DownloadDate Published: 01/26/2022
Presentation
DSAC Presents to NAIC CASTF Book Club on Big Data and Algorithms Issue Paper
The Academy’s Data Science and Analytics Committee (DSAC) presented to the National Association of Insurance Commissioners’ (NAIC) Casualty Actuarial and Statistical (C) Task Force (CASTF) Book… DownloadDate Published: 01/26/2022
Comment / Letter
ERM/ORSA Committee Submits Comments to the IAIS on the Development of Liquidity Metrics: Phase 2
The ERM/ORSA Committee’s comments submitted to the IAIS as part of the association’s Public Consultation on the Development of Liquidity Metrics: Phase 2. DownloadDate Published: 01/24/2022