Academy News

Guest columnist Rachel Hemphill, chief systems actuary at the California Department of Insurance, writes the summer issue's lead column with an overview of predictive analytics from a regulatory perspective. Also in this issue, the Academy is hosting a post-NAIC webinar focusing on casualty issues, and a recap of relevant legislative and regulatory activities that may affect your practice. (August 16, 2017)

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. (August 11, 2017)

Academy President Bob Beuerlein sent a memo to Academy volunteers underscoring the importance of Academy policies in the context of committee work. Volunteers and interested parties “must do that work solely in the best interest of the Academy,” Beuerlein writes, and that means keeping drafts and deliberations of Academy groups confidential and adhering to the Academy’s Conflict of Interest policy.
(August 11, 2017)

The Academy presented on both public policy and professionalism matters at the National Association of Insurance Commissioners (NAIC) 2017 Summer National Meeting Aug. 6-9 in Philadelphia, PA. A wide range of public policy topics across the Academy's practice areas were covered at the meeting, including: health insurer cost-sharing reduction (CSR) reimbursements, principle-based reserving for life insurance and other products, Long-Term Care Insurance (LTCI),  the availability and affordability of automobile insurance, and reauthorization of the National Flood Insurance Program. (August 11, 2017)

The August HealthCheck covers the Health Practice Council’s recent activity surrounding congressional health care legislation, including a policy paper on cost-sharing reduction FAQs; a new issue brief on Medicare’s financial condition; and legislative, judicial, and regulatory updates from state and federal government. (August 09, 2017)

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. (August 04, 2017)

The Academy released Auto Insurance in the 21st Century, which explores insurance issues surrounding autonomous vehicles, ride-sharing services, and distracted driving. The Essential Elements series is designed to make actuarial analyses of public policy issues clearer to general audiences. (August 02, 2017)

The July Actuarial Update covers the Academy’s recent issue briefs, comment letters, and other work informing the nation’s ongoing health care debate. Also covered: election of regular directors for the Academy’s Board is set for August; the Academy attended the International Association of Black Actuaries conference in late July; the “Professionalism Counts” column on the “ABCDs of Precept 10”; and Pension Committee members visited Capitol Hill to discuss multiemployer plan issues. (July 31, 2017)

The Social Security Committee released an issue brief on the 2017 Social Security Trustees Report that examines the social insurance program’s long-term solvency issues and recommends that Congress should act soon to improve the long-term financial outlook of the program. (July 31, 2017)

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. (July 28, 2017)

The Health Practice Council sent a letter to U.S. Senate leadership on the potential adverse consequences of legislation to eliminate the Affordable Care Act’s (ACA) individual mandate which would lead to lower enrollment, a deterioration of the risk pool, and higher premiums. (July 25, 2017)

The Health Practice Council released a new policy paper highlighting cost-sharing reductions including what they are and why they need to be funded. (July 24, 2017)

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.
(July 21, 2017)

The American Academy of Actuaries commends the administration for taking the positive step of paying the July cost-sharing reduction (CSR) reimbursements. However, the stability and sustainability of the market requires policymakers to fund CSRs on a permanent basis. Read the news release. (July 20, 2017)

The Academy has received a memorandum from the NAIC recounting the findings of their consultant on its study of actuarial credentials and qualifications.
 
The Academy welcomes the opportunity to continue to support and work with the NAIC to try to address its needs and concerns, as we have throughout our long history of establishing Qualification Standards for Public Statements of Actuarial Opinion. We understand that the NAIC is going to have a presentation on the study at the Casualty Actuarial and Statistical (C) Task Force at its summer meeting next month in Philadelphia. Read More. (July 19, 2017)