Academy News

The American Academy of Actuaries’ Life Practice Council commends the decision by the National Association of Insurance Commissioners to adopt the Life Valuation Manual that will help lead to a principle-based reserves (PBR) system intended to allow insurers to more accurately calculate risks and required reserves for insurance products. Read the news release. (December 03, 2012)

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 30, 2012)

Read about the Academy’s recent activities in the latest edition of the Actuarial Update. (November 30, 2012)

Read about recent health care reform activities in the latest edition of HealthCheck.  (November 28, 2012)

The Social Security Committee held a webinar, Social Security: Actuarial Status and Assumptions, on Nov. 27 that attracted over 300 attendees. The webinar focused on the assumptions used to evaluate Social Security’s financial condition and provided an overview of the actuarial status of the program based on the 2012 Social Security Trustees Report. The audio of the presentation is available here. (November 27, 2012)

Senior Health Fellow Cori Uccello presented to the National Conference of Insurance Legislators regarding states' Affordable Care Act Medicaid expansion decisions.  (November 26, 2012)

You are invited to a special breakfast on Nov. 29 (7-8 a.m.) to meet with representatives from the Actuarial Standards Board, Actuarial Board for Counseling and Discipline, the Academy’s Council on Professionalism, and its Committee on Qualifications to learn how each operates. Attendees also can stop by to meet one-on-one with representatives during “office hours” (8-9 a.m.). Learn more! (November 21, 2012)

Gain an actuarial perspective on the 2012 Social Security Trustees Report and the assumptions used in determining Social Security projections. Social Security Administration Chief Actuary Steve Goss will be available to provide additional comments and answer questions. Learn more! (November 20, 2012)

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. Notice: This Week will not be published Friday, Nov. 23, due to the Thanksgiving holiday. This Week will resume on Nov. 30. (November 16, 2012)

Read about the Academy’s pension policy activities in this issue. (November 16, 2012)

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, 2012)

Bykerk announced that membership dues will remain the same for a second year in a row and provided instructions on how to pay dues. The Record, which provides a detailed review of how the Academy performed during the past year, also was released. Read Academy President Cecil Bykerk’s message to membership. (November 06, 2012)

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, 2012)

The Academy’s Council on Professionalism has launched a member-wide survey to determine the landscape of professional and ethical issues that its members encounter. We have teamed up with professors from Drake University with expertise in surveying ethical issues facing professionals to survey members which we hope will yield much insight into matters that impact the actuarial profession.  Given the broad base of our membership, we expect to utilize this survey to hear from a wide variety of backgrounds including consultants, in-house insurance practitioners, government actuaries, and others.  Members are receiving the survey from “Karen Terry, Academy VP” and we strongly encourage you to participate in this short survey to help the Academy better serve the actuarial profession and further our important professionalism mission. (November 01, 2012)

Read about Franz Kafka’s work at a Prague insurance company, wellness programs worldwide, using system dynamics to model obesity, and much more. Also check out Actuarial Software Now, a special supplement published with this issue of Contingencies. (November 01, 2012)