Academy News

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (November 16, 2018)

The Academy published a new Essential Elements paper, Big Data, Big Changes for Insurance and Pensions, highlighting the opportunities and challenges that rapidly evolving advancements in data analysis and storage pose for insurers, consumers, and regulators. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences. (November 14, 2018)

The November HealthCheck recaps health highlights from the Academy’s Annual Meeting and Public Policy Forum, including a reference pricing session that was livestreamed (and is available for replay) on the Academy’s Facebook page. Also in this issue: the Life and Health Qualifications Seminar; health-related Election Day ballot measures in several states; and recent state and federal legislative and regulatory activity. (November 14, 2018)

The Academy’s election vendor, Intelliscan, has provided the official results of the online and mailed votes cast by eligible members on two proposed changes to the Academy Bylaws. Proposal 1, a change recommended by the Academy Board of Directors, won a majority of votes but not the two-thirds supermajority required to be incorporated into our bylaws. Proposal 2, initiated by petition, was decisively voted down with 57.99 percent of votes against it. Read the member update. (November 12, 2018)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (November 09, 2018)

Read Academy President Shawna Ackerman’s letter to members on renewing membership in the American Academy of Actuaries. (November 07, 2018)

A letter from nine Academy presidents urges members to vote “Yes” on Proposal 1 and “No” on Proposal 2 in the Academy bylaws election now underway. The deadline to vote is this Friday, Nov. 9. Citing their decades-long experience on the Academy Board and as volunteers, they write, “We understand the very distinct and different position that the Academy has in the U.S. actuarial profession. The Academy needs your vote on these proposals to protect its independent voice.” Read their letter here and get more background information here. (November 06, 2018)

The Academy’s 2018 Annual Meeting and Public Policy Forum drew a crowd to the nation’s capital Nov. 1–2. Highlights included the “passing of the gavel” to incoming Academy President Shawna Ackerman from outgoing President Steve Alpert; high-profile plenary speakers including Charlie Cook, whose midterm election plenary address was carried live on C-SPAN; U.S. Comptroller General and head of the GAO Gene Dodaro; U.S. Assistant Secretary of Labor Preston Rutledge; Big Data and professionalism plenary sessions; presentation of the Academy’s annual service awards; and timely breakout sessions on casualty, health, life, and pension practice areas. To see photos from the meeting and forum, click here. (November 02, 2018)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (November 02, 2018)

The Health Practice Council released a monograph, Estimating the Potential Health Care Savings of Reference Pricing, at the Annual Meeting and Public Policy Forum. The monograph examines the potential savings in health care spending from an expansion of reference pricing to a broader range of outpatient and inpatient services, along with factors that could hinder savings. Steve Jackson, the Academy’s assistant director for research (public policy), was the primary drafter for the monograph, and he led a spirited breakout session at which the new research was released. Members who were unable to attend the meeting can watch a replay of the session, which the Academy livestreamed on our Facebook page. (November 01, 2018)

Life Perspectives, a new quarterly Academy publication, is designed to keep you up to date on activities of the Life Practice Council (LPC). In the inaugural issue , read about the Academy’s forthcoming PBR Assumptions Manual, which aims to provide a step-by-step example framework of the process to update assumptions for life insurance valuation purposes—along with all the other activities of the LPC from the past several months. (November 01, 2018)

In the October Actuarial Update, the Academy’s Annual Meeting and Public Policy Forum kicks off Thursday in Washington, D.C.—several sessions will be livestreamed on the Academy’s Facebook page, including the presidential transition, awards ceremony, and a health breakout session on reference pricing. Also in this issue: Academy members are urged to vote on bylaws amendments—voting runs through Friday, Nov. 9; the October professionalism webinar looks at the anatomy of the ASOPs; the Capitol Forum webinar covered the Congressional Budget Office’s Health Insurance Simulation Model; and the “Professionalism Counts” column recaps—and celebrates—some of the Actuarial Standards Board’s many accomplishments 30 years after it was formed. (October 31, 2018)

Academy members are being asked to vote on two proposals to amend the Academy’s bylaws. Adoption of either or both of these proposals will require a two-thirds majority of members voting. The ballot and supporting materials are being sent via email to all members of the Academy who were members as of Oct. 22, or for those members without email or who have opted out of receiving email, by paper ballot. Voting closes at 11:59 p.m. EST on Nov. 9, 2018. In Academy President Steve Alpert’s letter to members, he urged members that “to build on the progress we’ve made to date and to position the Academy for even greater achievements in the future, it is important that your voice be heard, and I ask that you join me in voting YES on proposal No. 1 and NO on proposal No. 2.” Read his letter here. The two proposed amendments are explained in detail here. (October 29, 2018)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (October 26, 2018)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (October 19, 2018)