Mary Bahna-Nolan, chairperson of the Joint Academy Actuaries Life Experience Committee and SOA Preferred Mortality Oversight Group, presented an update on the new joint initiative of the Academy and the SOA in formulating a work group to address the Life Actuarial Task Force (LATF) request for information on accelerated underwriting mortality under VM-20. (December 08, 2016)
John Miller and Chris Olechowski, co-chairs of the Annuity Reserves Work Group, provided a non-variable annuity PBR update to LATF’s VM-22 Subgroup. (December 08, 2016)
Mary Bahna-Nolan, chairperson of the Joint Academy Actuaries Life Experience Committee and SOA Preferred Mortality Oversight Group, presented an update on guaranteed and simplified issue and preneed mortality tables to the Life Actuarial Task Force (LATF). (December 08, 2016)
Tricia Matson, chair of the Longevity Risk Task Force, gave an update to LATF on the task force’s work, including creating a methodology for recognizing longevity risk in statutory reserves and risk based capital (RBC) and reviewing regulatory and company approaches to longevity risk. (December 08, 2016)
Academy Senior Life Fellow Nancy Bennett presentation to the National Conference of Insurance Legislators (NCOIL) National Meeting that provides an update and background on the implementation of principle-based reserving (PBR). (November 18, 2016)
The 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. (November 01, 2016)
Longevity Risk Task Force presentation to the Federal Reserve Insurance Policy Group on longevity risk in annuity and life insurance. (September 30, 2016)
Long-Term Care (LTC) Credibility Monograph Work Group presentation on increasing the awareness of the applicability of credibility procedures to LTC insurance-related work, providing information on current practices, and outlining considerations and suggestions for advancing actuarial practice in LTC insurance. (August 25, 2016)
Mary Bahna-Nolan, chairperson of the Life Experience Committee, update on guaranteed issue and preneed mortality table to the Life Actuarial Task Force (LATF). (August 24, 2016)
Art Panighetti, a member of the Longevity Risk Task Force, update to LATF on the task force’s work, including creating a working definition of “longevity risk,” analyzing U.S. mortality tables and reviewing regulatory and company approaches to longevity risk. (August 24, 2016)
ERM/ORSA Committee presentation to the National Association of Insurance Commissioners' (NAIC) ORSA Implementation (E) Subgroup on the committee's recently released policy paper and practice note. (August 10, 2016)
Joint American Academy of Actuaries Life Experience Committee and Society of Actuaries Preferred Mortality Oversight Group update on guaranteed issue and preneed mortality to the Life Actuarial Task Force. (June 16, 2016)
ERM/ORSA Committee presentation to the Financial Stability Oversight Council on the role actuaries play in promoting financial stability. (December 11, 2015)
Academy Senior Life Fellow Nancy Bennett and Senior Casualty Fellow Jim MacGinnitie presentation to the Financial Stability Oversight Council (FSOC) on regulatory capital requirements for U.S. insurers. (December 11, 2015)
Cancer Claims Cost Tables Work Group presentation to the NAIC's Health Actuarial Task Force the produced graduated valuation tables, and sample reserve calculations.
(November 18, 2015)
Individual Disability Tables Work Group (IDTWG) presented updated incidence modifiers report for use in active life reserve calculations for employer-sponsored disability income policies along with a corresponding memo memo to the chair of the Health Actuarial Task Force.
Joint American Academy of Actuaries Life Experience Committee and Society of Actuaries Preferred Mortality Oversight Group update on guaranteed issue, simplified issue and preneed to the Life Actuarial Task Force at the NAIC Fall 2015 National Meeting. (November 17, 2015)
Annuity Reserves Work Group (ARWG) non-variable annuity PBR update to the Life Actuarial Task Force’s VM-22 Subgroup at the NAIC Fall 2015 National Meeting. (November 16, 2015)
Nonforfeiture Modernization Working Group (NMWG) presentation on gross premium nonforfeiture method to the Life Actuarial Task Force at the NAIC Fall 2015 National Meeting. (November 15, 2015)
Solvency Committee presentation to the National Association of Insurance Commissioners (NAIC) on the practical implications of using a 99.5 percent Value at Risk (VaR) over a one-year time horizon for valuation purposes. (August 15, 2015)
Long-Term Credibility Monograph Work Group update on the development of a monograph that addresses long-term care credibility issues to NAIC's Long-Term Care Actuarial Working Group. (August 14, 2015)
Long-Term Care Terminations Work Group update to NAIC's Long-Term Care Actuarial Working Group on the progress in gathering data on terminations for long-term care insurance.
(August 14, 2015)
Long-Term Care Principle-Based Work Group Update on the progress for developing a principle-based approach model and a timeline for completion to NAIC's Long-Term Care Actuarial Working Group. (August 14, 2015)
Reinsurance Work Group presentation on the treatment of yearly renewable term (YRT) reinsurance in a stochastic exclusion ratio test (SERT) to the NAIC Life Actuarial (A) Task Force at the NAIC 2015 Summer Meeting. (August 13, 2015)
American Academy of Actuaries and Society of Actuaries Preferred Mortality Oversight Group presentation to the NAIC Life Actuarial (A) Task Force on guaranteed issue, simplified issue, and preneed. The update focused on the accelerated underwriting component. (August 13, 2015)
Presentation on lifetime income insurance products and related issues at the NAIC Center for Insurance Policy and Research (CIPR) Symposium on retirement issues. (June 16, 2015)
Members of the Life Practice Council and Senior Life Fellow Nancy Bennett presentation to the Treasury Department's Office of Financial Research on stress testing of U.S. life insurers. (June 12, 2015)
Risk Management and Financial Reporting Council and Solvency Committee presentation to the International Association of Insurance Supervisors (IAIS) on modeling for insurance capital standards (ICS).
(May 06, 2015)