This Week, Week ending August 12, 2011

 
Week ending August 12, 2011


Announcements

  • Election Reminder: Balloting for the Academy's online election for three regular directors to the board of directors and two proposed amendments to the Academy bylaws will continue until Sept. 2 at 11:59 p.m. ET. All Academy members whose dues for the current year have been paid in full as of July 14, 2011, are eligible to vote in this election. Members who have not yet received an email (or paper) ballot should request a replacement ballot by emailing elections@academy.org. For more information on the election, visit the Academy's Election Center.

Media Coverage

Upcoming Events

  • Save the date! The Academy's Life Practice Council will present a webinar on Sept. 8 to review the NAIC Summer 2011 National Meeting and progress on the Principle-based Approach (PBA). This 90-minute webinar also will include updates regarding the VM-20 impact study and NAIC developments on the Own Risk Solvency Assessment (ORSA). Details coming soon!
  • Join the Academy and the Society of Actuaries on Sept. 14 in Orlando to learn more about PBA implementation challenges and how PBA will affect the valuation process. The Preparing for Change under PBA for Life Products: Life Company Reserves and Capital seminar will cover several "hot topics" and the specific implementation challenges relating to PBA for statutory reserves for life products. Don't miss out on gaining a deeper understanding of these key issues and adapting to a PBA world.
  • The Life and Health Qualifications Seminar is a great way for actuaries to earn the 15 hours of Continuing Education required under Section 3 of the U.S. qualification standards related to the NAIC life and health annual statement opinions. The seminar will feature a high caliber, distinguished faculty that, for the first time, includes Louis Lombardi, author of what many actuaries consider the definitive text on this subject, Valuation of Life Insurance Liabilities, 4th Edition, 2006. Early bird registration ends Aug. 19. Register today!
  • Keep up-to-date on regulations and standards applicable in drafting loss reserve opinions by attending the Academy's 2011 P/C Effective Loss Reserve Opinion Seminar: Tools for the Appointed Actuary. This 2-day seminar on Nov. 16 & 17 at the Hilton Baltimore (BWI) will cover topics such as accepting an opinion assignment, documentation, point estimates, and risk of material adverse deviation. Presenters also will discuss new guidance on the repeal of ASOP No. 9 (Documentation and Disclosure in Property and Casualty Insurance Ratemaking, Loss Reserving, and Valuations), revised ASOP No. 36 (Statement of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserve), and ASOP No. 43 (Unpaid Claim Estimates). Attendees may earn up to 14.5 CE credits. Seats are limited—reserve yours today!!
  • The 2011 Academy Annual Meeting and Awards Luncheon (Oct. 24) will feature a keynote address by statistician Nate Silver. Silver is the founder of fivethirtyeight.com, a political blog offering polling analytics. The Academy will announce the winners of the Jarvis Farley Service and Robert J. Myers Public Service awards, conduct the official transition to the new president, and introduce new leadership on the Academy's board of directors. This year's event is being held in conjunction with the Conference of Consulting Actuaries Annual Meeting. Learn more about the program and registration here.

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