Academy Resources

Browse our library of content, developed to support your professional growth and help you navigate the complexities of actuarial practice with confidence.

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Comment / Letter

Dorothy Andrews Comments to NCOIL Special Committee on Race In Insurance Underwriting

Data Science and Analytics Committee (DSAC) Chair, Dorothy Andrews, addressed the issue of Race in Insurance Underwriting in a meeting convened by the National Council of Insurance Legislators and… Download
Date Published: 12/09/2020

DSAC Update to NCOIL Special Committee on Race In Insurance Underwriting

Data Science and Analytics Committee (DSAC) Chair, Dorothy Andrews, addressed the issue of Race in Insurance Underwriting in a meeting convened by the National Council of Insurance Legislators and… Download
Date Published: 12/09/2020
Comment / Letter

Health Equity Work Group Comments to the NAIC Special (EX) Committee on Race and Insurance

The Health Practice Council’s Health Equity Work Group comments to the National Association of Insurance Commissioners (NAIC) highlighting their efforts to facilitate solutions to address health… Download
Date Published: 12/04/2020
Comment / Letter

Academy Senior Health Fellow Presentation on Health Equity at NAIC Special (EX) Committee on Race and Insurance

On December 2, 2020, Cori Uccello, the Academy’s Senior Health Fellow, presented on behalf of the Academy’s Health Equity Work Group (HEWG) at the National Association of Insurance… Download
Date Published: 12/04/2020
Research Paper

Climate Risk Disclosure Survey Analysis

The Risk Management and Financial Reporting Council’s Climate Related Financial Disclosures (CRFD) Work Group Chair, Michelle Young, and the Academy’s Assistant Director for Research, Steve Jackson,… Download
Date Published: 12/04/2020
Presentation

ERM/ORSA Climate Work Group Presentation to NAIC

ERM/ORSA Climate Related Financial Disclosures Work Group presentation to the National Association of Insurance Commissioners (NAIC) Climate and Resiliency (EX) Task Force.   Download
Date Published: 12/04/2020

Asset Adequacy Testing Considerations for Year-End 2020

The Life Practice Council’s Asset Adequacy Testing Task Force’s (AATTF) discussion paper titled, .     Download
Date Published: 12/04/2020

LPC Update at NAIC 2020 Fall National Meeting

The Life Practice Council’s update to the Life Actuarial (A) Task Force at the NAIC 2020 Fall National Meeting.    Download
Topics: NAIC
Date Published: 12/03/2020
Comment / Letter

Casualty Council Comments on Pandemic Risk Legislation

Lauren Cavanaugh, VP-Casualty, submitted written comments on proposed legislation to provide federal government backing for future pandemic risk coverage in Business Interruption insurance. Download
Topics: Casualty
Date Published: 12/02/2020
Asset Adequacy Testing Considerations for Year-End 2020
Research Paper

Asset Adequacy Testing Considerations for Year-End 2020

The Life Practice Council’s Asset Adequacy Testing Task Force’s (AATTF) discussion paper titled, Asset Adequacy Testing Considerations for Year-End 2020. Download
Date Published: 12/01/2020
Issue Brief

Social Security Committee Issue Brief on Immigration

Social Security Committee issue brief discussing how immigration relates to Social Security’s finances.   Download
Date Published: 12/01/2020
Comment / Letter

HPC Comments to ASB on ASOP No. 22 Proposed Revision

The Health Practice Council’s Long-Term Care (LTC) Reform Subcommittee Task Force to Review ASOP No. 22 comments on the proposed revision of Actuarial Standard of Practice (ASOP) No. 22, Statements… Download
Date Published: 12/01/2020
Issue Brief

Issue Brief on Assumptions Used to Evaluate Social Security Program

Social Security Committee issue brief on assumptions used to evaluate Social Security’s financial condition.   Download
Date Published: 11/23/2020
Comment / Letter

Financial Reporting Committee and Life Financial Reporting Committee Comments to FASB

The Financial Reporting Committee and Life Financial Reporting Committee comments to the Financial Accounting Standards Board (FASB) regarding indexing and modco embedded derivatives.   Download
Date Published: 11/23/2020
Comment / Letter

Comment Letter to Department of Labor on Pension Benefit Statements and Lifetime Income Illustrations

Lifetime Income Risk Joint Committee comment letter to Department of Labor Employee Benefits Security Administration on an interim final regulation with request for comments regarding pension benefit… Download
Topics: Benefits
Date Published: 11/17/2020
Comment / Letter

VP-Casualty Addresses NAIC Panel on Race and Insurance

Academy Casualty Vice President Lauren Cavanaugh addressed the NAIC’s Special Committee on Race and Insurance, speaking to her prepared comments previously submitted, which covered actuarial… Download
Date Published: 11/13/2020
Comment / Letter

Comments to ASB on ASOP No. 2 Proposed Revision

The Life Practice Council’s ASOP No. 2 Practice Note Task Force’s comments to the Actuarial Standards Board on the proposed revision of Actuarial Standard of Practice (ASOP) No. 2, Nonguaranteed… Download
Date Published: 11/13/2020
Comment / Letter

Committee Comments on 2021 Actuarial Value (AV) Calculator

Comments from the Individual and Small Group Markets Committee to the Center for Consumer Information & Insurance Oversight (CCIIO) expressing concerns on the claims data updates finalized in the… Download
Date Published: 11/12/2020
Presentation

Academy Updates CASTF on Casualty Practice Council Activity

The Academy’s Casualty Practice Council (CPC) and Committee on Property and Liability Financial Reporting (COPLFR) presented an update on CPC and COPLFR activity to the NAIC’s Casualty Actuarial… Download
Date Published: 11/10/2020
Discussion Paper

Cyber Breach Reporting Requirements: An Analysis of Laws Across the United States

States have moved to develop their own laws given there is a lack of federal regulation of notice requirements to consumers in the event of cyber breaches. The purpose of this paper is to provide a… Download
Topics: Cyber Risk NAIC
Date Published: 11/06/2020
Cyber Breach Reporting Requirements
Research Paper

Cyber Breach Reporting Requirements

States have moved to develop their own laws given there is a lack of federal regulation of notice requirements to consumers in the event of cyber breaches. The purpose of this paper is to provide a… Download
Topics: Casualty NAIC
Date Published: 11/04/2020
Practice Note

Actuarial Memorandum Practice Note

The purpose of this practice note is to provide information that can be useful for appointed actuaries dealing with the challenges of producing an Actuarial Memorandum in support of the Actuarial… Download
Date Published: 10/29/2020
Presentation

ARWG Update to NAIC VM-22 Subgroup

The Academy’s Annuity Reserves Work Group (ARWG) presentation on the Preliminary Framework Elements for Fixed Annuity PBR  to the NAIC’s Valuation Manual (VM)-22 (A) Subgroup.    Download
Topics: NAIC
Date Published: 10/21/2020
Issue Brief

Issue Brief on the Impact of PBGC Premiums on Single-Employer Plan Sponsorship

Pension Committee issue brief on Pension Benefit Guaranty Corporation (PBGC) single-employer premiums and their impact on pension plan sponsorship.   Download
Topics: Retirement
Date Published: 10/08/2020

The Tax Cuts and Jobs Act of 2017 – Effects on Life Insurers

Tax Work Group’s white paper outlining the most significant changes in the taxation of life insurance companies that were made by the Tax Cuts and Jobs Act of 2017 (TCJA).    Download
Topics: Life Insurance
Date Published: 10/08/2020