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The Academy

Academy Officers and Directors Begin Terms in Office  

WASHINGTON—The American Academy of Actuaries is pleased to announce that, in addition to Darrell Knapp, MAAA, FSA, of New Smyrna Beach, Fla., taking office as 2024-25 Academy president, five other…
Topics: Actuarial Standards ASB Casualty Equity, Diversity, and Inclusion Financial Reporting Health Equity Professionalism Reinsurance Retirement
Date Published: 11/13/2024
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Academy in the News

Around the P&C insurance industry: August 9, 2023

PropertyCasualty360
Topics: Casualty
Date Published: 08/09/2023
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Academy in the News

States that require payment, reimbursement for medical marijuana

Property Casualty 360
Topics: Casualty
Date Published: 05/15/2023
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Article

New Academy Officers and Member-Selected Directors Began Terms at This Week’s Academy Annual Meeting

WASHINGTON—The American Academy of Actuaries is pleased to announce that, in addition to Ken Kent of McLean, Va., taking office as 2022–23 Academy president, five officers and three…
Topics: Actuarial Standards ASB Benefits Casualty Financial Reporting Financial Security Health Equity Medicare / Medicaid Professionalism Public Policy
Date Published: 11/04/2022
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Article

New Academy Issue Brief Provides Actuarial and Regulatory Considerations on Use of Data, Predictive Modeling, and Risk Classification in Insurance Practices

WASHINGTON—A new issue brief from the American Academy of Actuaries Data Science and Analytics Committee (DSAC) and Property/Casualty Racial Equity Task Force provides a clear and thorough…
Topics: Casualty Data Science / Big Data Financial Security Professionalism Public Policy
Date Published: 07/06/2022
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Academy in the News

Rethinking how we look at wildfire risk

Property Casualty 360
Topics: Casualty
Date Published: 02/15/2022
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Article

Revised Qualification Standards to Take Effect Jan. 1 for Actuaries Issuing U.S. Statements of Actuarial Opinion

WASHINGTON—The American Academy of Actuaries, which sets standards for qualification, practice, and conduct for actuaries practicing in the United States, has revised the standards defining…
Topics: Casualty Continuing Education Financial Security NAIC Professionalism Public Policy
Date Published: 11/30/2021
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Academy in the News

People on the move in the P&C insurance industry: October 1, 2021

PropertyCasualty360
Topics: Casualty
Date Published: 10/01/2021
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Article

Actuaries Climate Index down again in latest five-year average

Winter 2020-21 data update lowers index benchmark for the second consecutive quarter Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (Sept. 14, 2021)––The winter…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 09/14/2021
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Article

Actuaries Climate Index Down Slightly in Latest Five-Year Average

Fall 2020 data update lowers index benchmark for the first time since 2017 Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (June 8, 2021) –– The five-year moving…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 06/08/2021
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Related Resources

Comment / Letter

Academy Submits Letter to NAIC Special Committee on Race and Insurance

Academy President Tom Campbell submitted a letter to the NAIC Special Committee on Race and Insurance on proposed charges regarding P/C and life insurance issues related to Workstream Three…
Topics: Annuities Casualty Life Insurance NAIC
Date Published: 05/14/2021
Policy & Research
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Presentation

P/C RBC Committee Presents to NAIC

David Traugott, Chairperson of the Academy’s Property and Casualty Risk Based Capital (P/C RBC) Committee, presented an update on P/C RBC underwriting factors experience to the NAIC’s P/C RBC (E)…
Topics: Casualty NAIC Risk-Based Capital
Date Published: 04/27/2021
Policy & Research
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CPC Comments on Proposed ASOP on Setting Assumptions

The Academy’s Casualty Practice Council submitted comments to the Actuarial Standards Board regarding the setting assumptions actuarial standard of practice (ASOP). 
Topics: Actuarial Standards Casualty
Date Published: 04/15/2021
Policy & Research
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Comment / Letter

Proposed Actuarial Standard of Practice (ASOP) on Setting Assumptions

Proposed Actuarial Standard of Practice (ASOP) on Setting AssumptionsThe Academy’s Casualty Practice Council submitted comments to the Actuarial Standards Board regarding the setting assumptions…
Topics: Actuarial Standards Casualty
Date Published: 04/15/2021
Policy & Research
Research Paper

Aggregating Regulatory Capital Requirements across Jurisdictions: Theoretical and Practical Considerations

Academy President-Elect Maryellen Coggins and Steve Jackson, assistant director for research (public policy), presented Sept. 13 at the Virtual Casualty Loss Reserve Seminar and Workshops (CLRS), on…
Topics: Casualty Financial Reporting Public Policy Risk Management Scalars
Date Published: 04/01/2021
Policy & Research
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Comment / Letter

Casualty Practice Council Submits Comments on Colorado Senate Bill 21-169

The Casualty Practice Council submitted a comment letter on Colorado Senate Bill 21-169 which is aimed to protect consumers from unfair discrimination in insurance practices. The comments addressed…
Topics: Casualty
Date Published: 03/29/2021
Policy & Research
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Issue Brief Released on Auto Insurance and COVID-19

The Automobile Insurance Committee released an issue brief on automobile insurance considerations arising from the COVID-19 pandemic.
Topics: Casualty
Date Published: 03/24/2021
Policy & Research
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Report

Committee Report to the NAIC on Update to Property and Casualty Risk-Based Capital Underwriting Factors Experience Through December 31, 2017

The Academy’s Property and Casualty Risk-Based Capital Committee issued a report to the National Association of Insurance Commissioners’ (NAIC) Property and Casualty Risk-Based Capital (E)…
Topics: Casualty NAIC Risk-Based Capital
Date Published: 03/05/2021
Policy & Research
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Presentation

Gibson Presents at Midwest Actuarial Forum

Senior Casualty Fellow Rich Gibson presented at the Midwest Actuarial Forum’s Virtual Spring Meeting Webinar, giving an overview of recent property/casualty public policy developments.
Topics: Casualty Public Policy
Date Published: 03/05/2021
Policy & Research
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P/C RBC Committee Submits Major Underwriting Risk Factors Report to NAIC

The Academy’s Property and Casualty Risk-Based Capital Committee issued a report to the National Association of Insurance Commissioners’ (NAIC) Property and Casualty Risk-Based Capital (E)…
Topics: Casualty NAIC Risk-Based Capital
Date Published: 03/05/2021
Policy & Research
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