AmericanAcademyOfActuaries

The ERM Committee submitted comments to the NAIC on its Own Risk and Solvency Assessment (ORSA) Guidance Manual supporting its view that the manual offers ORSA guidance which focuses on the most fundamental components of a strong ERM framework.

 

What: Pension funding and a host of other pension issues will be on the slate during the 2010 Enrolled Actuaries Meeting. The 35th annual meeting, which is jointly sponsored by the American Academy of Actuaries and the Conference of Consulting Actuaries, will feature more than 60 sessions covering various pension issues.

 

WASHINGTON -- Nov. 8, 2010 -- Mary Frances Miller, a consulting actuary with Select Actuarial Services in Nashville, Tenn., is the new president of the American Academy of Actuaries. The ceremonial transition took place earlier today during the Academy’s annual meeting and luncheon, where Miller received the presidential gavel from outgoing President Ken Hohman.

 

WASHINGTON -- Aug. 2, 2011 -- The American Academy of Actuaries Capitol Hill briefing on private-sector defined benefit pension contribution challenges—originally scheduled for Aug. 4, 2011—has been postponed until further notice. The American Academy of Actuaries regrets any inconvenience.

 

WASHINGTON -- Feb 4, 2010 -- The American Academy of Actuaries announced that the following discipline action became effective on Dec. 28, 2009:

Disciplinary Notice

 

WASHINGTON -- Feb. 24, 2010 -- Policy efforts for effective oversight of health insurance premiums must be based on actuarial principles, the American Academy of Actuaries stated today. The actuaries are urging that any such effort reflect the following principles:

• Health insurance premiums be adequate to pay projected claims, expenses and supporting risk charges

• Premium rating oversight be done in conjunction with insurer solvency oversight

 

 

WASHINGTON -- March 15, 2010 -- The American Academy of Actuaries announced that Mark Cohen has joined its staff as director of communications. Cohen, a public relations and marketing executive with 30 years of experience in health care and banking, non-profit and association work, and government and politics, recently served as senior vice president for Vitas Innovative Hospice Care in Miami, where he led the corporation’s communications efforts.

 

WASHINGTON -- May 5, 2010 -- A task force of the American Academy of Actuaries announced that it supports creating a federal systemic risk regulator for the entire financial services sector, including the insurance industry. The actuaries anticipate a significant role for state insurance regulators in supporting the federal risk regulator, according to a new whitepaper by the American Academy of Actuaries Financial Regulatory Task Force.