Read the latest news from the Academy.

RECENT ACADEMY ACTIVITY | October 17–21, 2022

This Week … In a Minute

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‘Tales From the Dark Side’ Professionalism Webinar Set for December

The Academy’s popular professionalism series continues in December with “Tales From the Dark Side 2022,” which will look at examples of ethical problems based on cases and requests for guidance that have been brought before the Actuarial Board for Counseling and Discipline (ABCD). Members of the ABCD will discuss professionalism aspects that actuaries should consider to stay on the right side of the Code of Professional Conduct. In addition to continuing education (CE) credit, the Academy believes in good faith that Enrolled Actuaries may earn up to 1.8 core ethics continuing professional education (CPE) credit under Joint Board for the Enrollment of Actuaries (JBEA) rules. Join us and learn how to avoid the dark side! This webinar will be held on Friday, Dec. 16, from noon to 1:30 p.m. EST. Register today.

Register for the Annual Meeting Virtual Digital Pass & Gain 13.5 CE Credits

The Academy’s Envision Tomorrow: 2022 Annual Meeting is less than two weeks away—there’s still time to register to join us in the nation’s capital Nov. 2–3 or to participate virtually in the event. Register for virtual access with a Digital Pass and earn up to 13.5 CE credits—JBEA CPE credit is also available for the professionalism and pension sessions. The Digital Pass provides online access to all general sessions and a select offering of breakout sessions—“Cyber Risk” (cross-practice, presented in a P/C breakout session); “Climate Change and Health” (cross-practice, a health breakout session); and “The Emergence of Private Equity and Life Insurance” (life session). The data analytics and diversity, equity & inclusion general sessions, available to in-person and virtual audiences, will qualify for new bias credit under the revised U.S. Qualification Standards (USQS). The pricing and underwriting P/C breakout session also will qualify. Register today.

USQS FAQs Updated

The FAQs on the USQS have been updated to include a new question on qualifications for signing National Association of Insurance Commissioners (NAIC) opinions. New FAQ No. 23 states that actuaries need to become familiar with—and meet—both the Specific Qualifications outlined in section 3 and any specific requirements in state regulations and NAIC instructions that govern the NAIC opinion that they are preparing to sign.

Academy Holds Public Policy Webinars

The Academy hosted two public policy webinars this week.


Wan presents at the life webinar

P/C webinar next week—There’s still time to register for next week’s “2022 Update to the P/C Risk Transfer Practice Note,” which will provide an overview of the updated, soon-to-be released Risk Transfer Practice Note. This webinar is Tuesday, Oct. 25, from 12:30 to 2 p.m. EDT. Register today.

Webinar slides and audio are available after the event free to logged-in members as an Academy benefit via the archived webinars page.

PBR Mini-Seminar to Offer Regulatory Perspective

Hear from regulators on their oversight and review of principle-based reserving (PBR) during the Academy’s PBR Boot Camp: The Regulatory Perspective, a 90-minute virtual mini-seminar set for next month. During this focused seminar, regulators will discuss their oversight and review of PBR. The panel will feature regulators who have been involved in reviews of PBR for life insurance and variable annuities. Whether or not you’ve attended a previous PBR Boot Camp, this virtual seminar is designed to help you stay on top of recent and emerging PBR trends and regulatory developments, allowing you to hear directly from those involved in PBR. There will be Q&A opportunities during the event, which will take place on Wednesday, Nov. 9, from noon to 1:30 p.m. EST. Register now.

Recently Released

The Fall Life Perspectives leads with a Q&A with Life Experience Committee Chairperson Donna Claire on the committee’s new discussion brief on how inflation—and possible secondary impacts such as higher interest rates, a potential recession and stock market volatility—could impact the work of life insurance actuaries. Also in this issue, a roundup of recent life public policy webinars and comment letters and presentations to the NAIC, and a preview of life practice breakout sessions at the Academy’s upcoming Envision Tomorrow: 2022 Annual Meeting.

Public Policy in Focus

  • The Life Practice Council’s C-2 Mortality Work Group submitted to the NAIC’s Life Risk-Based Capital (E) Working Group for its consideration for adoption a proposed supplement to the instructions for the NAIC’s newly adopted C-2 Mortality Factors to address implementation and application questions.

Visit the Public Policy page to stay on top of the latest news and activities.

Events Calendar

Next Week—Visit the Academy’s Booth at SOA, ASPPA Meetings

Planning to be at the Society of Actuaries (SOA) annual meeting in Orlando or the American Society of Pension Professionals & Actuaries (ASPPA) meeting in National Harbor, Md., next week? Please stop by and say hello at the Academy’s exhibit booth. We’ll have information, publications, opportunities for non-members to learn more about becoming Academy members—and candy!


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