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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

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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