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Article

Travelers, Insurance Professionals, Regulators Will Find New Academy Monograph a Useful Explainer on Travel Insurance

WASHINGTON—New analysis from the American Academy of Actuaries, “Travel Insurance: An Actuarial Perspective,” draws on actuarial expertise to provide a clear explanation of what…
Topics: Benefits Casualty Financial Reporting Public Policy
Date Published: 09/05/2018
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Article

Actuaries’ Use of Big Data Grows With New Applications to Insurance and Pension Risks

WASHINGTON—Big Data techniques and methods are increasingly being used to more effectively assess risks within insurance and pension and retirement systems, providing actuaries with powerful…
Topics: Benefits Casualty Data Science / Big Data Professionalism Retirement
Date Published: 06/05/2018
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Academy in the News

American Academy of Actuaries names new president

Property Casualty 360
Topics: Casualty
Date Published: 11/16/2017
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Article

Academy Announces Officers and Regular Directors Begin Terms

WASHINGTON—The American Academy of Actuaries is pleased to announce the start of the terms of five officers and four regular directors serving on its Board of Directors. Their terms began at…
Topics: Actuarial Standards Casualty Financial Reporting Risk Management Risk-Based Capital
Date Published: 11/14/2017
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Article

Academy Outlines Flood Insurance Reform Options for NFIP Reauthorization as Possible Vote on House Bill Approaches

WASHINGTON—As the U.S. House of Representatives prepares to consider the 21st Century Flood Reform Act (H.R. 2874), the American Academy of Actuaries’ Casualty Practice Council…
Topics: Casualty Public Policy
Date Published: 11/10/2017
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Article

American Academy of Actuaries Names Kevin Ryan Senior Property and Casualty Fellow

WASHINGTON—The American Academy of Actuaries is delighted to announce that Kevin M. Ryan, an actuary with more than 50 years of regulatory, executive, and consulting experience, was named as…
Topics: Casualty Public Policy Reinsurance Risk-Based Capital Solvency
Date Published: 09/05/2017
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Article

Risk Professionals Urge Congress to Renew and Improve Nation’s Flood Insurance Framework

WASHINGTON—Flood risk is a reality for millions of Americans, but without congressional action by Sept. 30, the National Flood Insurance Program (NFIP) will expire. With time for…
Topics: Casualty Public Policy
Date Published: 08/23/2017
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Academy in the News

NFIP challenges & reform options from the American Academy of Actuaries

Property Casualty 360
Topics: Casualty
Date Published: 04/20/2017
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Article

New Report from Risk Experts Highlights Challenges and Reform Options for National Flood Insurance Program

WASHINGTON—As Congress weighs reauthorization of the National Flood Insurance Program (NFIP), it has multiple options for addressing the program’s challenges and should take into…
Topics: Benefits Casualty Public Policy
Date Published: 04/19/2017
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Academy in the News

New tool evaluates climate risk for insurers

Property Casualty 360
Topics: Casualty Climate Risk
Date Published: 04/17/2017
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Related Resources

Comment / Letter

Comment Letter to FIO on Certification of Terrorism Events

The Terrorism Risk Insurance Subcommittee of the Casualty Practice Council sent a comment letter to the Federal Insurance Office of the Department of the Treasury regarding the process by which…
Topics: Casualty
Date Published: 03/06/2015
Policy & Research
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Comment / Letter

Comments on Exposure Draft of Proposed ASOP on Modeling

Casualty Practice Council comment letter to Actuarial Standards Board on exposure draft of a proposed Actuarial Standard of Practice (ASOP) on modeling.
Topics: Actuarial Standards Casualty
Date Published: 03/04/2015
Policy & Research
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Comment / Letter

CPC Comments on CAS Exposure Draft on Statement of Principles on Ratemaking

Casualty Practice Council comments on Casualty Actuarial Society’s statement of principles on P&C ratemaking exposure draft.
Topics: Casualty
Date Published: 01/31/2015
Policy & Research
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Comment / Letter

Comments on Exposure Draft of Proposed ASOP on Property/Casualty Ratemaking

Casualty Practice Council comment letter to Actuarial Standards Board on exposure draft of a proposed Actuarial Standard of Practice on Property/Casualty Ratemaking.
Topics: Actuarial Standards Casualty
Date Published: 01/31/2015
Policy & Research
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Comment / Letter

Academy Comments to NAIC on Operational Risk

Life Capital Adequacy Committee, Property and Casualty Risk-Based Capital Committee, and Health Solvency Work Group comments to the National Association of Insurance Commissioners (NAIC) on…
Topics: Casualty Financial Reporting NAIC Risk Management Risk-Based Capital Solvency
Date Published: 01/07/2015
Policy & Research
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Practice Note

Statements of Actuarial Opinion on P/C Loss Reserves (2014)

Committee on Property and Liability Financial Reporting 2014 Practice Note on Statements of Actuarial Opinion on P/C Loss Reserves.
Topics: Casualty Financial Reporting
Date Published: 12/30/2014
Policy & Research
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COPLFR Overview for P/C Insurers’ Audit Committees

Committee on Property & Liability Financial Reporting (COPLFR) overview providing information on effective use of actuarial loss reserves expertise by audit committees and boards.
Topics: Casualty Financial Reporting
Date Published: 12/10/2014
Policy & Research
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Comment / Letter

CPC Letters to Congress on TRIA Reauthorization

Casualty Practice Council letters to U.S. Senate and House leaders urging reauthorization of the Terrorism Risk Insurance Act (TRIA), which is set to expire on Dec. 31.
Topics: Casualty
Date Published: 12/04/2014
Policy & Research
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NAIC Report

Presentation to CIPR on Actuaries Climate Index

Presentation at NAIC’s Center for Insurance Policy and Research (CIPR) Symposium on “Implications for Increasing Catastrophe Volatility on Insurers and Consumers” that updates progress on the…
Topics: Casualty Climate Risk NAIC
Date Published: 10/07/2014
Policy & Research
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Comment / Letter

Comments to NAIC on RAA’s Updated Proposal on Reinsurance Credit Risk

Risk-Based Capital Committee comment letter to the National Association of Insurance Commissioners on the Reinsurance Association of America’s (RAA) updated proposal on reinsurance credit risk…
Topics: Casualty NAIC Reinsurance Risk-Based Capital
Date Published: 10/01/2014
Policy & Research
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