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Financial Reporting

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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

Article

American Academy of Actuaries Recognizes 2024 Outstanding Volunteers and Rising Actuaries

WASHINGTON—The American Academy of Actuaries recognized outstanding Academy volunteers and emerging actuarial leaders at the opening session of the Academy’s 2024 “Envision…

Topics: Actuarial Standards Benefits Financial Reporting Financial Security Health Equity Life Insurance Membership Professionalism Public Policy

Date Published: 10/15/2024

Article

Academy Officers and Directors Begin Terms in Office

WASHINGTON—The American Academy of Actuaries is pleased to announce that, in addition to Lisa Slotznick, MAAA, FCAS, of Norcross, Ga., taking office as 2023–24 Academy president, five…

Topics: Actuarial Standards ASB Financial Reporting Financial Security Membership Professionalism Public Policy Reinsurance Risk Management

Date Published: 11/15/2023

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

Article

Academy Officers and Regular Directors Begin Terms

WASHINGTON—The American Academy of Actuaries is pleased to announce that, in addition to Maryellen Coggins taking office today as 2021–22 Academy president, five officers and three…

Topics: Actuarial Standards ASB Financial Reporting Financial Security Health Equity Professionalism Public Policy Risk Management

Date Published: 11/04/2021

Article

Maryellen Coggins Becomes President of the American Academy of Actuaries

Coggins Succeeds 2020–21 President Tom Campbell WASHINGTON—Maryellen Coggins of Boston, Mass., began a one-year term as president of the American Academy of Actuaries today, succeeding…

Topics: Actuarial Standards ASB Financial Reporting Financial Security Professionalism Public Policy Risk Management

Date Published: 11/04/2021

Article

Academy Looks Forward to President Biden Addressing Joint Session of Congress on Key Issues Needing Actuarial Expertise

COVID-19 Impacts, Climate Risk, Equity Issues Share Focus with Economic Recovery, Financial and Retirement Security Beyond First 100 Days WASHINGTON—The American Academy of Actuaries provides…

Topics: Casualty Climate Risk Financial Reporting Financial Security Health Equity Life Insurance Long-Term Care Medicare / Medicaid Professionalism Public Policy Retirement Social Security Solvency

Date Published: 04/26/2021

Article

Academy Officers and Regular Directors Begin Terms

WASHINGTON—The American Academy of Actuaries is pleased to announce five officers and four regular directors serving on its Board of Directors who began their terms today at the close of the…

Topics: Actuarial Standards ASB Casualty Financial Reporting Financial Security Principle-Based Reserving Professionalism Public Policy Risk Management

Date Published: 11/05/2020

Article

Academy 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 ASB Casualty Financial Reporting Financial Security Medicare / Medicaid Professionalism Public Policy Risk Management

Date Published: 11/05/2019

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

Related Resources

Presentation

ERM/ORSA Climate Work Group Presentation to NAIC

ERM/ORSA Climate Related Financial Disclosures Work Group presentation to the National Association of Insurance Commissioners (NAIC) Climate and Resiliency (EX) Task Force.

Topics: Financial Reporting NAIC Risk Management

Date Published: 12/04/2020

Policy & Research

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Comment / Letter

Financial Reporting Committee and Life Financial Reporting Committee Comments to FASB

The Financial Reporting Committee and Life Financial Reporting Committee comments to the Financial Accounting Standards Board (FASB) regarding indexing and modco embedded derivatives.

Topics: ASB Financial Reporting

Date Published: 11/23/2020

Policy & Research

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Presentation

Academy Updates CASTF on Casualty Practice Council Activity

The Academy’s Casualty Practice Council (CPC) and Committee on Property and Liability Financial Reporting (COPLFR) presented an update on CPC and COPLFR activity to the NAIC’s Casualty Actuarial…

Topics: Casualty Cyber Risk Financial Reporting NAIC

Date Published: 11/10/2020

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Practice Note

Actuarial Memorandum Practice Note

The purpose of this practice note is to provide information that can be useful for appointed actuaries dealing with the challenges of producing an Actuarial Memorandum in support of the Actuarial…

Topics: Financial Reporting Risk Management Solvency

Date Published: 10/29/2020

Policy & Research

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Comment / Letter

Financial Reporting Committee Comments to AICPA

The Financial Reporting Committee comments to the American Institute of Certified Public Accountants (AICPA) regarding Targeted Improvements to Long-Duration Contracts Implementation Issue 11AC…

Topics: Financial Reporting Health Insurance Reinsurance Risk Management

Date Published: 09/23/2020

Policy & Research

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Research Paper

Audit Committees and Actuarial Loss Reserve Expertise

A new paper has been published, An Overview for P/C Insurers’ Audit Committees: Effective Use of Actuarial Loss Reserve Expertise. Produced by the Committee on Property and Liabi8lity Financial…

Topics: Casualty Financial Reporting

Date Published: 09/21/2020

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Comment / Letter

Committee Comments on Financial Examiners Handbook

The Committee on Property and Liability Financial Reporting has submitted comments to the NAIC’s Actuarial Opinion Working Group, suggesting some changes to the wording the Financial Examiners…

Topics: Casualty Financial Reporting NAIC

Date Published: 08/27/2020

Policy & Research

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Presentation

Presentation on Scalar Project Update to NAIC G Committee

Presentation by Steve Jackson on Scalars Project Update to the National Association of Insurance Commissioners (NAIC) International Insurance Relations (G) Committee.

Topics: Financial Reporting NAIC Risk Management Scalars

Date Published: 08/12/2020

Policy & Research

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Policy Paper

Committee Issues FAQ on Covid-19 and PC Financial Reporting

The Committee on Property and Liability Financial Reporting has issued a set of questions and answers about the impact of the coronavirus pandemic on P/C financial reporting.

Topics: Casualty Financial Reporting

Date Published: 06/11/2020

Policy & Research

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Comment / Letter

COPLFR Comments on 2020 SAO PC Instructions

The Committee on Property and Liability Financial Reporting submitted comments to the National Association of Insurance Commissioners, regarding proposed instructions for the 2020 Statement of…

Topics: Casualty Financial Reporting

Date Published: 05/11/2020

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