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Article

Academy Looks Forward to President Biden Addressing Joint Session of Congress on Key Issues Needing Actuarial Expertise

COVID-19 Impacts, Climate Risk, Equity Issues Share Focus with Economic Recovery, Financial and Retirement Security Beyond First 100 Days WASHINGTON—The American Academy of Actuaries provides…
Topics: Casualty Climate Risk Financial Reporting Financial Security Health Equity Life Insurance Long-Term Care Medicare / Medicaid Professionalism Public Policy Retirement Social Security Solvency
Date Published: 04/26/2021
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Article

Actuaries Climate Index Breaks New Ground for Latest Season and Five-Year Average

Summer 2020 data update pushes index’s five-year average to 1.23 Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (March 4, 2021)––The five-year moving average of…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 03/04/2021
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Article

Spring 2020 Data Update to the Actuaries Climate Index

As attention to climate issues grows, ACI provides objective data on key climate measurements Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (Dec. 1, 2020)—With climate risk…
Topics: Casualty Climate Risk Financial Security Professional Organization Professionalism Public Policy
Date Published: 12/01/2020
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Academy in the News

People on the move in the P&C insurance industry: November 13, 2020

PropertyCasualty360
Topics: Casualty
Date Published: 11/13/2020
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Article

Academy Officers and Regular Directors Begin Terms

WASHINGTON—The American Academy of Actuaries is pleased to announce five officers and four regular directors serving on its Board of Directors who began their terms today at the close of the…
Topics: Actuarial Standards ASB Casualty Financial Reporting Financial Security Principle-Based Reserving Professionalism Public Policy Risk Management
Date Published: 11/05/2020
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Article

Data Update to the Actuaries Climate Index

Long-term measure of extreme climate conditions reached a new high in winter 2019–20 Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (August 26, 2020) –– A…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 08/26/2020
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Article

Whether to Amend and Extend: National Flood Insurance Program Reauthorization as an Opportunity for Reform

WASHINGTON—August typically marks not only the start of the peak of hurricane season but is also the time during which Congress recesses for its monthlong district/state work period. When…
Topics: Casualty Climate Risk Financial Security Professionalism Public Policy
Date Published: 08/04/2020
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Article

Data Update to the Actuaries Climate Index

Index’s data updated through fall 2019 including 2019 drought and sea level values Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (May 27, 2020)—The Actuaries Climate…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 05/27/2020
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Article

Actuaries: Coverage of Pandemic Risk Through Property/Casualty Insurance Could Be Designed Like Existing Federal Programs

WASHINGTON—Existing federal insurance programs for costly, hard-to-estimate property/casualty risks are more appropriate models for a federal insurance program to facilitate coverage of…
Topics: Casualty Financial Security Professionalism Public Policy Reinsurance
Date Published: 05/12/2020
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Article

Actuaries Climate Index Reaches New High for Sixth Consecutive Quarter

Index’s five-year average continues an upward trend Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (February 27, 2020)—The five-year moving average of the Actuaries…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 02/27/2020
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Related Resources

Practice Note

Statements of Actuarial Opinion On Property and Casualty Loss Reserves (2024)

The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2024), including discussion regarding changes in the NAIC Annual…
Topics: Casualty Financial Reporting NAIC
Date Published: 12/27/2024
Policy & Research
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Presentation

Academy Presents to NAIC P&C Committee on Equity and Fairness

Senior Casualty Fellow Rich Gibson presented to the NAIC Antifraud (D) Task Force at their recent meeting in Denver on the P&C Committee on Equity and Fairness’ recently published issue…
Topics: Casualty NAIC
Date Published: 11/19/2024
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Presentation

Academy Presents to NAIC P&C Committee on Equity and Fairness

Senior Casualty Fellow Rich Gibson presented to the NAIC Antifraud (D) Task Force at their recent meeting in Denver on the P&C Committee on Equity and Fairness’ recently published issue…
Topics: Casualty NAIC
Date Published: 11/19/2024
Policy & Research
Download
Presentation

Academy Updates CASTF on CPC Activity at NAIC Fall Meeting

Casualty Policy Analyst Rob Fischer provided an update on the Casualty Practice Council (CPC) activities of interest to the NAIC’s Casualty Actuarial (C) and Statistical Task Force (CASTF) at…
Topics: Casualty NAIC
Date Published: 11/19/2024
Policy & Research
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Research Paper

Committees Release White Paper on Hedging & Risk Management

The Risk Management and Financial Reporting Council’s (RMFRC) Financial Reporting Committee, ERM/ORSA Committee, and the Life Practice Council’s Life GAAP Reporting Committee released a white…
Topics: Casualty Financial Reporting Life Insurance Risk Management
Date Published: 11/18/2024
Policy & Research
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Presentation

Casualty Presentation at CAS Annual Meeting

Senior Casualty Fellow, Rich Gibson, incoming Casualty Practice Council Vice-President Susan Kent, and New Mexico OSI Chief Actuary, Christian Myers, presented a session at the Casualty…
Topics: Casualty
Date Published: 11/05/2024
Policy & Research
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Comment / Letter

CPC Provides Insights to California on Terminology

The Casualty Practice Council (CPC) submitted comments regarding the California Department of Insurance’s Notice of Proposed Rulemaking on Catastrophe Modeling and Ratemaking. Specifically, the…
Topics: Casualty
Date Published: 10/17/2024
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Resource

Applicability Guidelines for Actuarial Standards of Practice

Introduction to the Applicability Guidelines Actuarial Standards of Practice.  The Actuarial Standards Board (ASB) sets standards for appropriate actuarial practice in the United States…
Topics: Actuarial Standards ASB Casualty Financial Reporting Professionalism Retirement Risk Management
Date Published: 09/26/2024
Policy & Research Professionalism
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Resource

Importance, Benefits, and Responsibilities of Volunteering

Importance of Volunteering The American Academy of Actuaries is the voice of U.S. actuaries on public policy and professionalism issues, bringing together all the specialties within the…
Topics: Actuarial Standards Benefits Casualty Continuing Education Financial Reporting Medicare / Medicaid Membership NAIC Professionalism Public Policy Reinsurance Retirement Risk Management Social Security
Date Published: 09/24/2024
Membership
ASOP NO. 53

Estimating Future Costs for Prospective Property/Casualty Risk Transfer and Risk Retention

Topics: Casualty
Date Published: 09/23/2024

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