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

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

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

Article

Actuarial Experts Available to Discuss Public Policy Challenges Ahead of State of the Union

WASHINGTON – As President Obama prepares to outline his administration’s priorities in the State of the Union address on Jan. 12, experts at the American Academy of Actuaries are…

Topics: Casualty Financial Security Life Insurance Long-Term Care Medicare / Medicaid Public Policy Retirement Social Security

Date Published: 01/07/2016

Article

American Academy of Actuaries to Honor Michael Boerner With Robert J. Myers Public Service Award

WASHINGTON – The American Academy of Actuaries announced that it will honor Michael Boerner, MAAA, ASA, director of the actuarial office in the financial regulation division of the Texas…

Topics: Life Insurance NAIC Principle-Based Reserving Public Policy

Date Published: 09/18/2015

Academy in the News

Even Life Insurance Actuaries Are Coming Around on Pot

Mother Jones

Topics: Life Insurance

Date Published: 03/18/2015

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Comment / Letter

Comments on ASOP 11, Reinsurance Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports

The Health Practice Council and its Task Force to Review Actuarial Standard of Practice (ASOP) 11 filed a comment on the Actuarial Standards Board exposure draft, Reinsurance Involving Life…

Topics: Actuarial Standards Annuities Life Insurance Reinsurance

Date Published: 07/02/2020

Policy & Research

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Comment / Letter

Tax Work Group Letter to IRS on Proposed Regulation

Tax Work Group comment letter to the Internal Revenue Service on proposed regulation on changes to the computation of life insurance reserves for income tax reporting.

Topics: Life Insurance

Date Published: 05/28/2020

Policy & Research

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Comment / Letter

LPC Comment Letter on ASOP No. 11 Exposure

Life Practice Council comment letter to the Actuarial Standards Board on the proposed revision of Actuarial Standard of Practice (ASOP) No. 11, Reinsurance Involving Life Insurance, Annuities, or…

Topics: Actuarial Standards Annuities Life Insurance Reinsurance

Date Published: 04/21/2020

Policy & Research

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Comment / Letter

Life Illustrations Work Group Letter on IUL Illustrations Under AG49

IWG comment letter to NAIC on Indexed Universal Life insurance policies under Actuarial Guideline XLIX (AG 49).

Topics: Life Insurance NAIC

Date Published: 02/21/2020

Policy & Research

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PBR Checklist

A four page resource outlining the critical elements of PBR for life insurance.

Topics: Life Insurance

Date Published: 10/23/2019

Policy & Research

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Life Experience Committee Mortality Improvement Scale Recommendation Report to NAIC

Life Experience Committee report to NAIC Life Actuarial (A) Task Force on individual life insurance mortality improvement scale for use with AG 38 and VM-20.

Topics: Life Insurance NAIC

Date Published: 09/24/2019

Policy & Research

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Comment / Letter

LPC Comment Letter on ASOP No. 2 Exposure Draft

Life Practice Council comment letter on proposed revisions to ASOP No. 2, Nonguaranteed Elements for Life Insurance and Annuity Products.

Topics: Life Insurance

Date Published: 07/15/2019

Policy & Research

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LPC Letter to NAIC on Importance of Principle-Based Approach for Life Insurance

Life Practice Council letter to Life Actuarial (A) Task Force on concerns with the NAIC moving in a direction that would deviate from principle-based approach for life insurance.

Topics: Life Insurance NAIC

Date Published: 03/19/2019

Policy & Research

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Practice Note

Life Insurance Illustrations: Application of the NAIC Life Insurance Illustrations Model Regulation and Actuarial Standard of Practice No. 24

Life Insurance Illustrations: Application of the NAIC Life Insurance Illustrations Model Regulation and Actuarial Standard of Practice No. 24Life Illustrations Work Group practice note assisting…

Topics: Life Insurance NAIC

Date Published: 02/14/2019

Policy & Research

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PBR Assumptions Resource Manual

Work Group sample framework for setting, updating, and governing life insurance assumptions for Principle-Based Reserving and other valuation frameworks.

Topics: Life Insurance Principle-Based Reserving

Date Published: 01/28/2019

Policy & Research

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