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… DownloadDate 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… DownloadDate Published: 05/31/2024
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
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… DownloadDate 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… DownloadDate 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… DownloadDate 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… DownloadDate 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
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). DownloadDate 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… DownloadDate 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… DownloadDate 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… DownloadDate 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… DownloadDate 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
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
Cyber Risk Committee Presentation at MAF
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… DownloadDate Published: 03/21/2024
Presentation
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
Cyber Risk Committee Presentation at NAIC
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