This Week, October 1-5, 2018

Read the latest news from the Academy.

Recent Academy Activity, Oct. 1–5, 2018

Academy Office Closed for Columbus Day

The Academy’s office will be closed Monday, Oct. 8, for the Columbus Day holiday.

Annual Meeting—Regular Registration Rates End After Today

The Academy’s Annual Meeting and Public Policy Forum, to be held Nov. 1–2 in Washington, D.C., is less than a month away. Prices will increase after today, Oct. 5, and our hotel room block (Washington Marriott Georgetown) is available through next Tuesday, Oct. 9. In addition to the opportunity to gain valuable continuing education credit and network with peers and colleagues, the meeting and forum will offer multiple plenary sessions offering perspective on issues ranging from next month’s midterm elections to pensions and Big Data. Visit our website for the full agenda.

The Academy will also honor actuaries with our annual service and volunteerism awards, welcome Shawna Ackerman as our new president, and thank outgoing Academy President Steve Alpert for his year of dedicated service. Finally, enjoy a fun-filled evening during the Nov. 1 reception and dinner at Washington’s historic Mayflower Hotel, which will transport attendees to the 1920s to watch—and even help solve—a murder-mystery “Whodunit.”

Register today to lock in your registration rate and hotel accommodations.

Catastrophe Modeling Webinar Rescheduled for Nov. 9

Following the July monograph Uses of Catastrophe Model Output, the Academy will host a catastrophe modeling webinar on the topic in early November. The webinar will draw on the monograph and the expertise of panelists including Kay Cleary, chairperson of the Extreme Events and Property Lines Committee, who provided a Q&A on the subject in the summer Casualty Quarterly. Also presenting will be Minchong Mao, a member of the Extreme Events and Property Lines Committee, and Howard Kunst, a member of the Natural Catastrophe Subcommittee and Flood Insurance Working Group, will moderate. The webinar will be held on Friday, Nov. 9, from noon to 1 p.m. EST. (Note: The date for this webinar has been changed from the previous notice.) Register today.

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. The Advisory Committee plays an integral role in assisting the Joint Board to offer examinations that test the knowledge necessary to qualify for enrollment. Its duties include recommending topics for inclusion on the Joint Board examinations, reviewing and drafting examination questions, and recommending passing scores. Information on how to apply is available via the IRS website. Applications are being accepted through Dec. 7.

Public Employment Opportunity

The Social Security Administration is seeking to fill a position for deputy chief actuary for short-range actuarial estimates in the Office of the Chief Actuary. This role is responsible for planning, directing, and coordinating the development of the short-range cost estimates for all Social Security programs both under current provisions and proposed changes in law or regulations. The application deadline is Oct. 29. For more information and to apply, click here.

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

Recently Released

In the September Actuarial Update, find the latest additions to the Academy’s Annual Meeting and Public Policy Forum plenary session speaker lineup, including a highly regarded political analyst and key government officials. Among the speakers is Charlie Cook of The Cook Political Report, who will provide insight on the state of U.S. politics just days before the midterm elections. Also included is coverage of the late-September P/C public policy and risk management webinars, and the “Professionalism Counts” column on actuarial standards of practice and the exposure process.

Public Policy Activity

  • The Intersector Group released the notes of its April meeting with the Pension Benefit Guaranty Corporation.

  • The Life Reserves Work Group submitted a revised amendment proposal form to the NAIC on mortality experience assumptions and the selection of the industry basic table when company experience mortality rates are higher than the industry basic table.

Upcoming Events

In the News

  • A JD Supra story on the legal status of the 2014 Overpayment Rule concerning payments to Medicare Advantage insurers cites the Academy in explaining actuarial equivalence requirements for calculating payments. The story was also published by LexBlog.

2018 Annual Meeting and Public Policy Forum