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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

Practice Councils’ Comments to NAIC Joint Qualified Actuary (A/B/C) Subgroup

Councils’ letter to NAIC’s Joint Qualified Actuary (A/B/C) Subgroup on the subgroup’s two new charges related to defining a “qualified actuary” and recommending a process to address “unprofessional”…
Topics: Casualty NAIC
Date Published: 02/11/2013
Policy & Research
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Practice Note

Statements of Actuarial Opinion on P&C Loss Reserves (2012)

ittee on Property and Liability Financial Reporting’s 2012 practice note on Statements of Actuarial Opinion on P&C Loss Reserves.
Topics: Casualty Financial Reporting
Date Published: 12/17/2012
Policy & Research
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Comment / Letter

COPLFR Comment Letter on Proposed Changes to SSAP 65

Committee on Property and Liability Financial Reporting (COPLFR) comment letter to the NAIC’s Casualty Actuarial & Statistical Task Force on the Statutory Accounting Principles Working Group’s…
Topics: Casualty Financial Reporting NAIC
Date Published: 11/16/2012
Policy & Research
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Comment / Letter

P/C RBC Committee Report on International Methodologies of Risk Correlation

P/C Risk-Based Capital Committee report to the NAIC’s Solvency Modernization Initiative RBC Subgroup on risk correlation methodologies used to determine regulatory solvency capital requirements in…
Topics: Casualty NAIC Risk-Based Capital Solvency
Date Published: 11/15/2012
Policy & Research
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Policy Paper

Determining the Impact of Climate Change on Insurance Risk and the Global Community

This report is the product of Phase I of a multi-phase project commissioned by the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries, Society of Actuaries, and the American Academy of…
Topics: Casualty Risk Management
Date Published: 10/31/2012
Policy & Research
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Comment / Letter

Casualty Practice Council Comments on Proposed Changes to the RBC Formula to Incorporate Catastrophe Risk

Casualty Practice Council Comments to the NAIC’s Catastrophe Risk Subgroup on its proposed changes to the Risk-Based Capital formula spreadsheets to incorporate property catastrophe risk.
Topics: Casualty NAIC Risk-Based Capital
Date Published: 10/29/2012
Policy & Research
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Comment / Letter

Cross-Practice Council Comments on NAIC’s Corporate Governance Exposure Draft

Casualty, Life, Health, Professionalism, and Financial Reporting Council comments to the NAIC’s Corporate Governance Working Group on its Proposed Responses to a Comparative Analysis of Existing U.S….
Topics: Casualty Financial Reporting Governance NAIC Professionalism Risk Management Solvency
Date Published: 09/28/2012
Policy & Research
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NAIC Report

Presentation on Flood Insurance Reform

Flood Insurance Subcommittee presentation to the NAIC’s Center for Insurance Policy and Research Summit on flood insurance reform.
Topics: Casualty NAIC
Date Published: 08/14/2012
Policy & Research
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Comment / Letter

Letter to SMI RBC Subgroup on CAS Working Party Activity

P/C Risk-Based Capital Committee letter to Solvency Modernization Initiative RBC Subgroup concerning CAS Working Party research on potential improvements to the NAIC’s P/C RBC framework.
Topics: Casualty NAIC Risk-Based Capital Solvency
Date Published: 07/10/2012
Policy & Research
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Comment / Letter

Comment Letter on Comprehensive Flood Reform Bill

Flood Insurance Subcommittee comment letter to Congressional leaders concerning H.R. 4348, a bill to reform the National Flood Insurance Program and reauthorize it for five years.
Topics: Casualty
Date Published: 06/28/2012
Policy & Research
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