Academy Resources

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Comment / Letter

Committee Comments on Risk Based Capital Preamble Exposure

The Prudential Regulation Committee sent a comment letter to the National Association of Insurance Commissioners (NAIC) Capital Adequacy (E) Task Force on the exposure draft of Risk-Based Capital… Download
Date Published: 05/31/2024
Comment / Letter

ERM/ORSA Committee Comments on ASOP No. 7 Exposure Draft

The ERM/ORSA Committee submitted comments to the Actuarial Standards Board regarding the proposed revision of Actuarial Standard of Practice (ASOP) No. 7, Analysis of Life, Health, or… Download
Comment / Letter

ASOP no. 7 Comment Letter

The Casualty Practice Council submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 7, Analysis of Life, Health, or Property/Casualty Insurance Cash Flow Risk. Download
Topics: Casualty
Date Published: 05/31/2024
Comment / Letter

Council Comments on Defined Benefit Pensions RFI

The Retirement Practice Council and Pension Committee responded to a request for information (RFI) by the majority staff of the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee… Download
Topics: Retirement
Date Published: 05/30/2024
Comment / Letter

AARITF Offers Analysis to LATF on Reinsurance Issues

The Asset Adequacy and Reinsurance Issues Task Force provided comments to the Life Actuarial Task Force (LATF) regarding LATF’s “AAT Reinsurance Exposure 031724” document.    Download
Topics: Reinsurance
Date Published: 05/17/2024

Committee Releases Resource and Discussion Guide on Guaranteed Living Benefits

The Life Experience Committee released a resource and discussion guide, Utilization Assumptions of Guaranteed Living Benefits for Deferred Annuities. The guide suggests some reasons why there may be… Download
Date Published: 05/09/2024
Policy Paper

Committee Releases One-pager on 2024 Social Security Trustees Report

The Social Security Committee released Highlights from the 2024 Social Security Trustees Report, a one-page illustration detailing the latest annual report on the current and projected financial… Download
Topics: Social Security
Date Published: 05/09/2024
Issue Brief

Medicare’s Financial Condition: Beyond Actuarial Balance

The Medicare Committee released an issue brief, Medicare’s Financial Condition: Beyond Actuarial Balance, that examines the findings of the 2024 Medicare Trustees Report with respect to program… Download
Date Published: 05/08/2024
Presentation

CPC Presentation at CAS Spring Meeting

Academy Casualty Policy Analyst Rob Fischer, Senior Fellow Rich Gibson, and Will Davis of the South Carolina Department of Insurance presented at the Casualty Actuarial Society’s Spring Meeting on… Download
Date Published: 05/08/2024
Comment / Letter

ERM/ORSA Committee Comments on ASOP No. 12 Exposure Draft

The ERM/ORSA Committee submitted comments to the Actuarial Standards Board regarding the proposed revision of Actuarial Standard of Practice (ASOP) No. 12, Risk Classification (for All Practice… Download
Date Published: 05/01/2024
Comment / Letter

Pension Committee Comments on ASOP No. 12 Exposure Draft

The Pension Committee submitted comments to the Actuarial Standards Board regarding the proposed revision of Actuarial Standard of Practice (ASOP) No. 12, Risk Classification (for All Practice… Download
Date Published: 05/01/2024
Comment / Letter

Subcommittee Comments to Variable Annuities Capital and Reserve Subgroup

The Variable Annuity Reserves and Capital Subcommittee sent comments to the NAIC’s Variable Annuities Capital and Reserve (E/A) Subgroup on the exposure draft of APF 2024-07 that proposes updates… Download
Topics: Annuities NAIC
Date Published: 05/01/2024
Comment / Letter

Health Practice Council Comments on ASOP No. 12 Exposure Draft

The Health Practice Council submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 12, Risk Classification (for All Practice Areas). Download
Date Published: 05/01/2024
Comment / Letter

Casualty Practice Council Comments on ASOP No. 12 Exposure Draft

The Casualty Practice Council submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 12, Risk Classification (for All Practice Areas). Download
Topics: Casualty
Date Published: 05/01/2024
Comment / Letter

Committee Comments to California on Catastrophe Modeling

The P/C Extreme Events and Property Lines Committee submitted a comment letter to the California Department of Insurance in advance of the department’s public workshop on its draft regulation that… Download
Date Published: 04/23/2024
Issue Brief

Updated Monograph Examines Individual Equity and Social Adequacy in Social Security Reforms

The Social Security Committee released an updated monograph and issue brief on individual equity and social adequacy as those principles apply to Social Security reform options. The monograph and… Download
Date Published: 04/18/2024

Updated Monograph and Issue Brief Examine Individual Equity and Social Adequacy in Social Security Reforms

The Social Security Committee released an updated monograph and issue brief on individual equity and social adequacy as those principles apply to Social Security reform options. The monograph and… Download
Date Published: 04/18/2024
Issue Brief

Issue Brief Examines ‘Surplus’ in Public Pension Plans

The Public Plans Committee released ‘Surplus’ Considerations for Public Pension Plans, an issue brief that examines plan “surplus,” what it means and does not mean, historical lessons for… Download
Date Published: 04/11/2024
Comment / Letter

Subcommittee Comments on Oliver Wyman Report

The C1 Subcommittee commented on the Oliver Wyman report on Asset-Backed Securities Residual Tranches that was exposed at the NAIC Spring National Meeting to the NAIC’s Risk Based Capital Investment… Download
Topics: NAIC
Date Published: 04/09/2024
Issue Brief

Updated Issue Brief Examines Individual Equity and Social Adequacy in Social Security Reforms

The Social Security Committee released an updated monograph and issue brief on individual equity and social adequacy as those principles apply to Social Security reform options. The monograph and… Download
Topics: Social Security
Date Published: 04/01/2024
Presentation

Cyber Risk Committee Presentation at MAF

Members of the Committee on Cyber Risk presented during the Midwestern Actuarial Forum (MAF) on the Academy’s Cyber Risk Toolkit, highlighting recent work around cyber data, the state of the cyber… Download
Date Published: 03/29/2024
Comment / Letter

Committees Comment to FASB on Financial Reporting Draft

The Financial Reporting Committee and the Life GAAP Reporting Committee sent a comment letter to the Financial Accounting Standards Board (FASB) on the exposure draft of Chapter 6: Measurement, of… Download
Date Published: 03/21/2024
Presentation

Cyber Risk Committee Presentation at NAIC

Academy Senior Fellow Rich Gibson provided a brief overview of the Committee on Cyber Risk to NAIC’s Cybersecurity (H) Working Group. The presentation highlighted the cyber risk toolkit, including… Download
Date Published: 03/17/2024

LPC Presents to LATF at NAIC Spring Meeting

Life Policy Analyst Amanda Barry-Moilanen presented on behalf of the Life Practice Council (LPC) on current and future LPC workstreams to the National Association of Insurance Commissioners’ (NAIC)… Download
Topics: NAIC
Date Published: 03/15/2024
Presentation

Subcommittee Presents to LATF

The Variable Annuity and Capital Subcommittee and the SOA Individual Annuity Experience Committee presented to the NAIC’s Life Actuarial (A) Task Force (LATF) on proposed mortality adjustment… Download
Topics: NAIC
Date Published: 03/14/2024