This Week, November 26-30, 2018

Read the latest news from the Academy.

Recent Academy Activity, Nov. 26–30, 2018

Actuarial Update Recaps Successful Annual Meeting

The November issue of Actuarial Update has more than 10 pages of coverage of this month’s Annual Meeting and Public Policy Forum, including write-ups of all the keynote and plenary addresses, the Academy presidential transition, a rundown of the informative breakout sessions, a two-page photo spread highlighting the networking and camaraderie attendees enjoyed at the event, and much more. Also noted in this issue, the Actuaries Institute of Australia launches its own climate index, in the spirit of the Academy-co-sponsored Actuaries Climate Index®; the P/C Loss Reserve and Life and Health Valuation law manuals are available to order; and a “Professionalism Counts” column on “The ABC’s (and D) of CE.”

Academy Urges Congress to Continue Multiemployer Efforts

Following the congressional Joint Select Committee on Solvency of Multiemployer Pension Plans’ reaching its statutory deadline Friday without coming to an agreement on proposed legislation to address multiemployer system solvency issues, the Academy urged Congress to continue efforts to address the issues. Read the news release and the Academy alert.

Post-NAIC Alert and Webinar

The Academy released a post-NAIC alert covering the topics presented by Academy volunteers and related activity at the recent NAIC Fall 2018 National Meeting in San Francisco. The Academy also hosted a post-NAIC webinar Thursday covering important life-practice issues from the meeting. Slides and audio are available free for members.

December CE Opportunities: Professionalism Webinar, Big Data Webinar

The Academy will host two webinars in December. The final professionalism webinar of 2018 will be held on Dec. 20, and will look at “More Tales From the Dark Side: Ethical Cases at the ABCD.” David Driscoll and Godfrey Perrott, both members of the Actuarial Board for Counseling and Discipline (ABCD), will share examples of ethical problems based on cases that have been brought before the ABCD. Register here.

Big Data and the Role of the Actuary” is slated for Dec. 19, and will draw from the Academy’s Big Data Task Force monograph of the same name that was released in June. Task force member panelists—Academy Health Vice President Audrey Halvorson, Bob Miccolis, and Martin Snow—will discuss current and emerging practices, important regulatory and professionalism considerations, and the current state of the InsurTech field. Task force Vice Chairperson Dorothy Andrews will moderate. Register today.

Academy Attends IAA Meeting

Academy representatives are presently attending the International Actuarial Association (IAA) council and committee meetings in Mexico City through Dec. 3. The Academy has raised governance concerns about some of the activities of the IAA and is participating in robust discussions in Mexico City regarding possible restructuring of IAA committees and activities that are necessary, in the Academy’s view, to sustain our support.

Recently Released

The fall issue of The Retirement Report covers retirement presentations from the Academy’s Annual Meeting and Public Policy Forum, including plenary sessions; recent legislative and regulatory activity is also featured.

Professionalism Outreach

Actuarial Standards Board member Cande Olsen reviewed the ASB’s work on actuarial standards of practice (ASOPs), including ASOPs that are under review and recently effective and soon-to-be effective ASOPs, and provided an update on the Applicability Guidelines for Actuarial Standards of Practice at a meeting of the Actuaries Club of Boston on Nov. 29.

Public Employment Opportunity

The Pension Benefit Guaranty Corporation (PBGC) is seeking to fill two senior actuarial positions within its Policy, Research, and Analysis Department (PRAD) in Washington, D.C. The application is open through Dec. 7. If you are interested in learning more about these opportunities, please contact Ted Goldman at goldman.ted@pbgc.gov.

The Academy has long supported government employers who are seeking to hire qualified actuaries. See our Public Employment Opportunity Posting Policy.

JBEA Seeks Applications for Advisory Committee on Actuarial Examinations
The Joint Board for the Enrollment of Actuaries (JBEA) is seeking applications for the next term of the Advisory Committee on Actuarial Examinations, which begins on March 1, 2019, and ends on Feb. 28, 2021. The JBEA asked the Academy to make this opportunity known to our members. Information on how to apply is available via the IRS website. Applications are being accepted through Dec. 7.

Alerts

  • The U.S. Congress has passed a bill to extend the National Flood Insurance Program (NFIP) through Dec. 7; this coming before the program was set to expire on Nov. 30. The legislation marks the eighth extension of the NFIP since Sept. 30, 2017. Read the Academy’s alert.

  • The Centers for Medicare & Medicaid Services (CMS) has released a discussion paper providing four concepts, related to Section 1332 State Innovation Waivers of the Affordable Care Act, intended to be used by states to provide flexibility when designing their health insurance markets. Read the Academy’s alert.

Public Policy Activity

  • The Non-Guaranteed Elements Work Group submitted a comment letter outlining its proposal for a NAIC life insurance online guide landing page.

Upcoming Events

In the News / Media Activity