Academy Resources
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Presentation
Subcommittee presents to RBCIRE
The C1 Subcommittee presented to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group (RBCIRE) to provide an update on their work on asset-backed securities (ABS) for… DownloadDate Published: 03/14/2024
Presentation
Task Force Presents to LATF
The Asset Adequacy and Reinsurance Issues Task Force presented to the NAIC’s Life Actuarial (A) Task Force (LATF) on their recently published issue brief, Asset-Intensive Reinsurance Ceded Offshore… DownloadDate Published: 03/14/2024
Presentation
Asset Adequacy Task Force Presents to LATF on Reinsurance Issues
The Asset Adequacy and Reinsurance Issues Task Force presented to LATF on its recent issue brief, Asset-Intensive Reinsurance Ceded Offshore From U.S. Life Insurers (With Focus on Bermuda), at the… DownloadDate Published: 03/14/2024
Presentation
Academy Gives Overview of Climate Work to German Actuarial Association
Director of Research (Public Policy) Steve Jackson and Peter Ott, chairperson of the ACI/ACRI (Actuaries Climate Index / Actuaries Climate Research Index) Working Group and a vice chairperson of the… DownloadDate Published: 03/14/2024
Comment / Letter
Cross-Practice Letter on NY Proposed Circular on AIS and ECDIS in Insurance Underwriting and Pricing
The Academy’s Health, Life, and Casualty practice councils submitted comments on New York State Department of Financial Services’ proposed insurance circular letter on the use of Artificial… DownloadDate Published: 03/14/2024
Presentation
Life Practice Council Presents to LATF
The Life Policy Analyst, Amanda Barry-Moilanen, presented on current and future LPC workstreams to the NAIC’s Life Actuarial (A) Task Force (LATF) as part of the NAIC Spring National Meeting in… Download
Topics: NAIC
Date Published: 03/13/2024
Annuity Reserve and Capital Subcommittee Presents to LATF
The Annuity Reserve and Capital Subcommittee, along with representatives from EY, presented updates on the upcoming VM-22 Field Test to LATF at the NAIC’s Spring National Meeting in Phoenix. Download
Topics: NAIC
Date Published: 03/13/2024
Committees Present to LATF on Mortality Adjustment Factors
The Variable Annuity and Capital Subcommittee and the Society of Actuaries Individual Annuity Experience Committee presented to LATF on proposed mortality adjustment factor updates for Valuation… Download
Topics: NAIC
Date Published: 03/13/2024
The Actuary’s Toolbox: Peer Review—How Can It Help?
The Committee on Professional Responsibility released a new paper, The Actuary’s Toolbox: Peer Review—How Can It Help? Many actuaries or employers of actuaries have developed policies and best… Download
Topics: Professionalism
Date Published: 03/07/2024
Comment / Letter
Subcommittee Comments on Interest Maintenance Reserve and Cash Surrender Value
The Variable Annuity Reserve and Capital Subcommittee commented to the NAIC’s Life Actuarial (A) Task Force on the order of operations between the interest maintenance reserve (IMR) and cash… Download
Topics: NAIC
Date Published: 03/05/2024
Issue Brief
Issue Brief Considers PBGC Single-Employer Premium Structure
The Pension Committee released an issue brief, Aligning the PBGC’s Single-Employer Premium Structure With Its Objectives, which discusses options for modifying the Pension Benefit Guaranty… DownloadDate Published: 03/05/2024
Research Paper
Discussion of Scalars in Reference to the US Developed Aggregation Method for Calculating Group Capital for Internationally Active Insurance Groups
This report outlines the purpose of scalars in the context of AM and considers various technical approaches for determining scalars. These approaches are further analyzed based on criteria to assess… DownloadDate Published: 02/26/2024
Issue Brief
Issue Brief Examines Bermuda-Ceded Reinsurance Considerations
A new issue brief from the Asset Adequacy and Reinsurance Task Force, Asset-Intensive Reinsurance Ceded Offshore From U.S. Life Insurers (With Focus on Bermuda), offers a summary of motivations,… Download
Topics: Reinsurance
Date Published: 02/15/2024
Comment / Letter
Committees Comment on Definition of Employer-Association Health Plans
The Health Practice Council’s Individual and Small Group Markets Committee and Active Benefits Committee responded to the DOL’s Employee Benefits Security Administration’s proposed rule on… Download
Topics: Benefits
Date Published: 02/14/2024
Practice Note
Work Group Releases Liquidity Risk Practice Note
The Liquidity Work Group of the Academy’s Risk Management and Financial Reporting Council released the practice note Liquidity Risk, a revision to a previous practice note published in 2000. The… DownloadDate Published: 02/14/2024
Presentation
Subcommittee Presents to GOES Subgroup
The Economic Scenario Generator Subcommittee presented to the NAIC’s Generator of Economic Scenarios (GOES) (E/A) Subgroup of the Life Actuarial (A) Task Force on proposed “quadrant” criteria… Download
Topics: NAIC
Date Published: 02/14/2024
Comment / Letter
Subcommittee Comments on VM-31 and VM-G
The Annuity Reserve and Capital Subcommittee commented to the NAIC’s Valuation Manual (VM)-22 (A) Subgroup of the Life Actuarial (A) Task Force on the Nov 2023 exposure of VM-31, VM-G, and the… Download
Topics: NAIC
Date Published: 02/14/2024
Committees Comment on Definition of Employer—Association Health Plans
The Health Practice Council’s Individual and Small Group Markets Committee and Active Benefits Committee responded to the DOL’s Employee Benefits Security Administration’s… Download
Topics: Benefits
Date Published: 02/14/2024
Comment / Letter
Committees Comment on Definition of Employer – Association Health Plans
Committees Comment on Definition of Employer—Association Health Plans The Health Practice Council’s Individual and Small Group Markets Committee and Active Benefits Committee responded to the… Download
Topics: Benefits
Date Published: 02/14/2024
Report
An Actuarial Perspective on the 2023 Social Security Trustees Report
Social Security Committee issue brief on 2023 Social Security Trustees Report examining the latest detailed annual assessment by the federal government of the program’s solvency. DownloadDate Published: 02/02/2024
Practice Note
Public Plans Committee Practice Note on Service Purchase
The Public Plans Committee released Introduction to Service Purchases for Public Pension Plans, a practice note considering a variety of service purchase programs that can be found across public… Download
Topics: Retirement
Date Published: 02/02/2024
Committee Releases Public Pension Plans Practice Note
The Public Plans Committee released Introduction to Service Purchases for Public Pension Plans, a practice note considering a variety of service purchase programs that can be found across public… Download
Topics: Retirement
Date Published: 02/02/2024
Issue Brief
Issue Brief Examines 2023 Social Security Trustees Report
The Social Security Committee released an issue brief on the 2023 Social Security Trustees Report examining the social insurance program’s long-term solvency issues. DownloadDate Published: 02/02/2024
Comment / Letter
Subcommittee Comments on Targeting Criteria and Evaluation Statistics
The Economic Scenario Generator Subcommittee submitted comments to the Life Actuarial Task Force (LATF) on the Dec 12 exposure of the updated Generator of Economic Scenarios (GOES) Targeting Criteria… DownloadDate Published: 01/31/2024
Comment / Letter
Committee Comments on APF 2023-12
The Life Valuation Committee submitted a comment letter to the Life Actuarial Task Force (LATF) on the re-exposure of APF 2023-12 concerning equity return volatility in VM-30 cash-flow testing. DownloadDate Published: 01/29/2024