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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

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

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

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

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

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

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

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

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

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

Related Resources

Policy Paper

Actuarial Soundness

Actuarial Soundness Task Force special report regarding the terms “actuarial soundness” and “actuarially sound” to assist in providing the profession and the general public with specific…

Topics: Casualty Solvency

Date Published: 05/10/2012

Policy & Research

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Comment / Letter

COPLFR Comments on Proposed NAIC 2012 Actuarial Opinion Instructions

Comments by Committee on Property and Liability Financial (COPLFR) to the NAIC’s Blanks Working Group on its proposed 2012 Actuarial Opinion Instructions.

Topics: Casualty Financial Reporting NAIC

Date Published: 05/01/2012

Policy & Research

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NAIC Report

Bond Factors Presentation

C1 Work Group presentation regarding C1 RBC model construction and the development of basic C1 bond factors to the NAIC C1 Factor Review Subgroup.

Topics: Casualty NAIC

Date Published: 05/01/2012

Policy & Research

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Comment / Letter

Comments on White Paper, ‘The U.S. National State-Based System of Insurance Financial Regulation and the Solvency Modernization Initiative’

Public policy practice groups comments to the NAIC on its draft white paper on the Solvency Modernization Initiative and insurance regulation offering suggestions encompassing RBC, ORSA, and NAIC…

Topics: Casualty Financial Reporting NAIC Public Policy Reinsurance Risk Management Risk-Based Capital Solvency

Date Published: 04/30/2012

Policy & Research

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Comment / Letter

Comments to NCOIL Concerning Natural Catastrophe Insurance Reform Options

Natural Catastrophe Subcommittee of the Extreme Events Committee comments to the National Conference of Insurance Legislators concerning natural catastrophe insurance reform options.

Topics: Casualty

Date Published: 04/13/2012

Policy & Research

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Practice Note

Statements of Actuarial Opinion on P&C Loss Reserves (2011)

ittee on Property and Liability Financial Reporting’s 2011 practice note on Statements of Actuarial Opinion on P&C Loss Reserves.

Topics: Casualty Financial Reporting

Date Published: 12/16/2011

Policy & Research

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Comment / Letter

Comments to NAIC CASTF on Proposed 2012 Actuarial Opinion Instructions

Casualty Practice Council comments to the NAIC’s Casualty Actuarial & Statistical Task Force on its proposed 2012 Actuarial Opinion Instructions.

Topics: Casualty Financial Reporting NAIC

Date Published: 10/10/2011

Policy & Research

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Comment / Letter

Comments to AICPA on Draft Audit & Accounting Guide for Property and Liability Insurance Entities

Committee on Property and Liability Financial Reporting comments to the AICPA regarding its working draft of Audit and Accounting Guide Property and Liability Insurance Entities.

Topics: Casualty Financial Reporting NAIC

Date Published: 08/26/2011

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Comment / Letter

Comments to AICPA on Draft Audit & Accounting Guide for Property and Liability Insurance Entities

ittee on Property and Liability Financial Reporting comments to the AICPA regarding its working draft of Audit and Accounting Guide Property and Liability Insurance Entities.

Topics: Casualty Financial Reporting NAIC

Date Published: 08/26/2011

Policy & Research

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Comment / Letter

P/C RBC Committee Letter on SMI Project

Property/Casualty RBC Committee update in response to the NAIC’s request for assistance with the Solvency Modernization project on the NAIC’s Risk-Based Capital formulas. This update discusses the…

Topics: Casualty NAIC Risk-Based Capital Solvency

Date Published: 07/21/2011

Policy & Research

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