Academy Resources
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Comment / Letter
Academy Comments to GAO on Cyber-Attacks and TRIA
The Academy’s Cyber Risk Task Force commented to the Government Accountability Office on the question of how cyber-attacks may be addressed under the Terrorism Risk Insurance Act. DownloadDate Published: 06/01/2020
Comment / Letter
Longevity Risk Work Group Comments on Exposure of Alternative Factors for Longevity
C-2 Longevity Risk Work Group (formerly Longevity Risk Task Force) comment letter to the NAIC Life Risk-Based Capital Working Group on the exposed alternative factors for longevity. DownloadDate Published: 05/29/2020
Comment / Letter
Tax Work Group Letter to IRS on Proposed Regulation
Tax Work Group comment letter to the Internal Revenue Service on proposed regulation on changes to the computation of life insurance reserves for income tax reporting. Download
Topics: Life Insurance
Date Published: 05/28/2020
Life Illustrations Work Group Letter to LATF on the Independent Proposal
Life Illustrations Work Group letter to NAIC Life Actuarial (A) Task Force on the “Independent Proposal”. Download
Topics: NAIC
Date Published: 05/27/2020
Issue Brief
An Actuarial Perspective on the 2020 Social Security Trustees Report
Social Security Committee issue brief on 2020 Social Security Trustees Report examining the program’s long-term solvency issues and pointing out that Congress should act soon to improve the… DownloadDate Published: 05/21/2020
Presentation
Preliminary Framework Elements for Fixed Annuity PBR
Annuity Reserve Work Group (ARWG) presentation to the NAIC VM-22 (A) Subgroup on the development of their preliminary framework for fixed annuity PBR. Download
Topics: NAIC
Date Published: 05/20/2020
Comment / Letter
Pension Council Comments to U.S. House on Pension Provisions of HEROES Act
Comment letter submitted to House leadership regarding pension provisions of H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”). DownloadDate Published: 05/15/2020
Issue Brief
Issue Brief on Health Risk Mitigation
The Health Practice Council has released an issue brief that examines the different types of risks that insurers can face and the various risk mitigation mechanisms that can be used to address them,… DownloadDate Published: 05/15/2020
Presentation
Academy Fellow Discusses Actuaries Climate Index
Academy senior casualty fellow Rich Gibson presented an update on the Actuaries Climate Index and the Actuaries Climate Risk Index at the Casualty Actuarial Society’s spring national meeting. DownloadDate Published: 05/12/2020
Comment / Letter
The Committee on Property and Liability Financial Reporting submitted comments to the National Association of Insurance Commissioners, regarding proposed instructions for the 2020 Statement of… Download
COPLFR Comments on 2020 SAO PC Instructions
Date Published: 05/11/2020
Research Paper
PBR: Reserve Credits for YRT Reinsurance A Field Test of Three Amendment Proposal Forms (APFs), Time Zero and Projected Reserves
With the introduction of principle-based reserving (PBR) by the National Association of Insurance Commissioners (NAIC), insurers are required to hold the higher of (a) formulaic reserves based on… DownloadDate Published: 05/08/2020
Life Illustrations Work Group Letter on ACLI Exposure of IUL Illustrations Under AG49
Life Illustrations Work Group letter to NAIC IUL (A) Illustration Subgroup on American Council of Life Insurers (ACLI) proposal for AG 49-A Download
Topics: NAIC
Date Published: 05/08/2020
Academy Interest Rate Generator: Frequently Asked Questions, May 2020
FAQ document developed by the Joint Economic Scenario Generator Project Oversight Group to provide information relevant to the Academy Interest Rate Generator. DownloadDate Published: 05/08/2020
Academy Interest Rate Generator May 2020 Update
Academy’s Interest Rate Generator (AIRG) Version 7.1.202005 DownloadDate Published: 05/08/2020
Comment / Letter
Letter Regarding Blanks Working Group Proposal on Certification of Continuing Education by “Appointed Actuaries”
ican Academy of Actuaries submitted a letter to members of the Blanks Working Group regarding their proposal on the certification of continuing education (“CE”) compliance by “Appointed… DownloadDate Published: 05/05/2020
Topics: Medicare / Medicaid
Date Published: 05/01/2020
Issue Brief
Medicare’s Financial Condition: Beyond Actuarial Balance
care Subcommittee issue brief on the fundamental long-range financing challenges facing the Medicare program. Download
Topics: Medicare / Medicaid
Date Published: 04/28/2020
Comment / Letter
LPC Comment Letter on ASOP No. 11 Exposure
Life Practice Council comment letter to the Actuarial Standards Board on the proposed revision of Actuarial Standard of Practice (ASOP) No. 11, Reinsurance Involving Life Insurance, Annuities, or… DownloadDate Published: 04/21/2020
Practice Note
Common Practices of Examining Actuaries Involved in Statutory Financial Solvency Examinations of Life and Health Insurers (Including Considerations for Principle-Based Reserves)
Common Practices of Examining Actuaries Involved in Statutory Financial Solvency Examinations of Life and Health Insurers (Including Considerations for Principle-Based Reserves) Life Valuation…
Topics: Solvency
Date Published: 04/17/2020
Issue Brief
Issue Brief on Withdrawal Liability
Multiemployer Plans Committee issue brief addressing current practices and approaches to the selection of withdrawal liability interest rates. Download
Topics: Retirement
Date Published: 04/13/2020
Issue Brief
Issue Brief on Streamlining of Retirement Income Planning
Retirement System Assessment and Policy Committee issue brief considering potential ways to optimize portability and personal management of retirement assets, income, and benefits. DownloadDate Published: 04/10/2020
Life Principle-Based Reserves (PBR) Under VM-20 (2020 Updated)
Life Principle-Based Approach Practice Note Work Group update of the 2017 VM-20 Practice Note to reflect emerging practices and changes to the Valuation Manual since the version effective for… DownloadDate Published: 04/03/2020
Committee Publishes Practice Note on Actuarial Section of the Comprehensive Annual Financial Report
Public Plans Committee practice note reviewing current and emerging approaches to completion of the Actuarial section of the Comprehensive Annual Financial Report. DownloadDate Published: 03/31/2020
Practice Note
Committee Publishes Practice Note on Actuarial Section of the Comprehensive Annual Financial Report
Public Plans Committee practice note reviewing current and emerging approaches to completion of the Actuarial section of the Comprehensive Annual Financial Report. DownloadDate Published: 03/31/2020
Financial Reporting Committee Comments to AICPA
The Financial Reporting Committee comments to the American Institute of Certified Public Accountants (AICPA) regarding draft revisions to the Audit and Accounting Guide: Life and Health Insurance… DownloadDate Published: 03/25/2020