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Actuaries Suggest Focus on Risk and Financial Security Issues to Policymakers Ahead of State of the Union Speech

WASHINGTON—Ahead of President Trump’s 2018 State of the Union speech, the American Academy of Actuaries is offering expertise on risk and financial security issues to public…
Topics: Benefits Financial Reporting Financial Security Health Insurance Medicare / Medicaid Public Policy Reinsurance Retirement Risk Management Social Security Solvency
Date Published: 01/25/2018
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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

American Academy of Actuaries to Honor Volunteers’ Efforts

WASHINGTON—The American Academy of Actuaries will honor five exceptional volunteers, Mary Bahna-Nolan of Naperville, Ill., Keith Passwater of Brownsburg, Ind., Lenny Reback of Highland Park,…
Topics: Benefits Financial Reporting Principle-Based Reserving Professionalism Public Policy
Date Published: 09/13/2017
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Article

Academy Issue Brief Identifies Seven Critical Areas That Long-Term Care Financing Reform Needs to Address

WASHINGTON—As Americans’ long-term care (LTC) needs increasingly outpace their capacity to finance them, and policymakers explore ways in which to make coverage for care more…
Topics: Benefits Financial Reporting Long-Term Care Public Policy Risk Management Solvency
Date Published: 11/29/2016
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Article

American Academy of Actuaries Recognizes Members’ Service to Public and Profession

WASHINGTON — The American Academy of Actuaries recognized several of its most dedicated members for their service to the Academy, the public and the U.S. actuarial profession with awards…
Topics: Actuarial Standards Benefits Casualty Financial Reporting Life Insurance Membership Principle-Based Reserving Public Policy Risk Management
Date Published: 11/04/2016
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Article

Academy Announces Officers and Regular Directors Begin Terms

WASHINGTON—In addition to the start of Bob Beuerlein’s term as its president, the American Academy of Actuaries is pleased to announce the start of the terms of five officers and four…
Topics: Casualty Financial Reporting Medicare / Medicaid Professionalism Retirement
Date Published: 11/03/2016
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Article

Bob Beuerlein Becomes President of the American Academy of Actuaries, Beuerlein Succeeds Tom Wildsmith

WASHINGTON—Bob Beuerlein, a consulting actuary based in The Villages, Fla., began his term as president of the American Academy of Actuaries today, succeeding 2015-16 President Thomas F….
Topics: Actuarial Standards Financial Reporting Life Insurance Professionalism Public Policy
Date Published: 11/03/2016
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Article

American Academy of Actuaries to Honor Volunteers’ Efforts

WASHINGTON – The American Academy of Actuaries will honor three of its exceptional volunteers, Donna Claire of Fort Salonga, N.Y., Barbara Klever of Elizabeth, Ill., and Kathleen Odomirok of…
Topics: Benefits Casualty Financial Reporting Governance Health Insurance Life Insurance Principle-Based Reserving Professionalism Public Policy
Date Published: 09/20/2016
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Article

American Academy of Actuaries to Honor Bob Meilander With Jarvis Farley Service Award

WASHINGTON – The American Academy of Actuaries will present Robert G. Meilander, MAAA, FSA, of Sarasota, Fla., with the prestigious 2016 Jarvis Farley Service Award at the Academy’s…
Topics: Actuarial Standards ASB Financial Reporting Public Policy Risk Management
Date Published: 09/20/2016
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American Academy of Actuaries to Honor Andrea Sweeny With Jarvis Farley Service Award

WASHINGTON – The American Academy of Actuaries will present Andrea Sweeny, MAAA, FCAS, FCA, with the 2015 Jarvis Farley Service Award during the Academy’s Annual Meeting and Public…
Topics: Benefits Financial Reporting Public Policy
Date Published: 09/18/2015
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Related Resources

Practice Note

Statements of Actuarial Opinion on P/C Loss Reserves (2016)

Committee on Property and Liability Financial Reporting Statements of Actuarial Opinion on P/C Loss Reserves practice note.
Topics: Casualty Financial Reporting
Date Published: 12/27/2016
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Comment / Letter

Work Group Comments on GASB 74 Implementation Guide

GASB 74 Implementation Work Group comments on the GASB 74 implementation guide exposure draft that addresses financial reporting for postemployment benefit plans other than pension plans.
Topics: ASB Financial Reporting Risk Management Solvency
Date Published: 12/19/2016
Policy & Research
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Comment / Letter

P/C and Health Group Comments on Operational Risk Factor

Joint Property and Casualty Risk-Based Capital Committee and Health Solvency Subcommittee letter to the NAIC’s Operational Risk Subgroup on proposed changes to the operational risk factor in…
Topics: Casualty Financial Reporting NAIC Risk Management Risk-Based Capital Solvency
Date Published: 12/19/2016
Policy & Research
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Comments to FASB on Targeted Improvements to the Accounting for Long-Duration Contracts

Financial Reporting Committee comments to the Financial Accounting Standards Board (FASB) on its proposed accounting standards update, Targeted Improvements to the Accounting for Long-Duration…
Topics: ASB Financial Reporting Risk Management
Date Published: 12/14/2016
Policy & Research
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White Paper on Considerations in Implementing the FASB Short-Duration Contract Disclosures

Financial Reporting Committee white paper on Considerations in Implementing the FASB Short-Duration Contract Disclosures. 
Topics: ASB Financial Reporting Risk Management
Date Published: 12/09/2016
Policy & Research
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Committee Comments on NAIC Form F Guidance Manual Exposure Draft

ERM/ORSA Committee comments to the NAIC’s Group Solvency Issues (E) Working Group on the Form F Guidance Manual exposure draft.  
Topics: Financial Reporting NAIC Risk Management Solvency
Date Published: 12/05/2016
Policy & Research
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Academy Testimony at Congressional Hearing on Long-Term Care

Laurel Kastrup, chairperson of the Academy’s Health Financial Reporting and Solvency Committee, testimony at a U.S. House Subcommittee on Government Operations hearing on the federal long-term…
Topics: Financial Reporting Long-Term Care Solvency
Date Published: 11/30/2016
Policy & Research
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Presentation

Presentation to FSOC Working Group

Longevity Risk Task Force gave a presentation to the Financial Stability Oversight Council (FSOC) Nonbank Designations Committee on longevity risk in annuity and life insurance.
Topics: Financial Reporting Financial Security Life Insurance
Date Published: 11/01/2016
Policy & Research
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Comments on NAIC Staff Memo on Group Capital Calculation

Solvency Committee comments to the NAIC’s Group Capital Calculation (E) Working Group on its NAIC Staff Memo – Inventory Method Items with Questions exposure draft.  
Topics: Financial Reporting NAIC Risk Management Solvency
Date Published: 10/24/2016
Policy & Research
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Comments to IAIS on Risk-Based Global ICS Consultation Document

Solvency Committee comments to the International Association of Insurance Supervisors (IAIS) on the Risk-based Global Insurance Capital Standard Version 1.0 public consultation document dated July…
Topics: Financial Reporting Risk Management Solvency
Date Published: 10/19/2016
Policy & Research
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