Academy Submits Letter to Ad Hoc Commissioner Group on Proposed Changes to Property and Casualty 2019 Actuarial Opinion Instructions

February 15, 2019
Mary D. Miller, on behalf of the American Academy of Actuaries, submitted a comment letter pertaining to the Executive (EX) Committee's Ad Hoc commissioner group’s proposed changes of the Property and Casualty 2019 Actuarial Opinion Instructions, including the Ad Hoc Group's draft qualified actuary definition.

Subgroup Submits Comment Letter to NAIC on Use of the Terms "Actuary" and "Qualified Actuary"

February 13, 2019
The Role of the Actuary Subgroup sent a comment letter to the Variable Annuities Capital and Reserve (E/A) Subgroup on the use of the terms "actuary" and "qualified actuary" in draft revisions to VM-21. 

HealthCheck, February 2019

February 13, 2019
The February HealthCheck covers the Long-Term Care (LTC) Practice Note Work Group’s exposure draft of an LTC insurance practice note, comments on which are due April 30. Also in this issue, state and federal legislative regulatory activity, including a White House Council of Economic Advisers report on the Affordable Care Act; regulatory actions by the Centers for Medicare & Medicaid Services; and health-related legislation in several states.

Academy Deepens Focus On International Issues With Election Of International Secretary Wildsmith To Board

February 13, 2019
The Academy’s Board of Directors has elected past president and international secretary Tom Wildsmith to serve on the Academy’s Board to enhance ongoing discussions on international issues affecting the U.S. actuarial profession. “Tom brings thorough, contemporaneous knowledge of international developments affecting the U.S. profession to the table,” said Academy President Shawna Ackerman.

Academy Hard at Work in 2019 Sharing Actuarial Perspectives with Policymakers

February 05, 2019
Academy President Shawna Ackerman sent a special message to members on the day of the State of the Union addressing the many ways in which the Academy is providing public policymakers and regulators with an actuarial perspective to support good policy outcomes on financial security issues.

This Week: The Academy's Commitment to Objectivity; P/C Opinion Report Webinar; Actuarial Update, Life Perspectives Released

February 01, 2019
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.

Professionalism Counts, January 2019

January 31, 2019
Academy volunteers and interested parties must provide annual acknowledgement of their commitment to objectivity and the Academy’s Conflict of Interest (COI) Policy and continuing education requirements, writes Art Panighetti, vice president of the Council on Professionalism. (Actuarial Update, January 2019)

Work Group Submits Comment Letter to NAIC on Nonguaranteed YRT Reinsurance Rates

January 31, 2019
The Life Reinsurance Work Group provided comments to the NAIC's Life Actuarial (A) Task Force regarding the possible impact of varying interpretations of current VM-20 guidance for determination of future nonguaranteed yearly renewable term reinsurance rates. 

Work Group Publishes Practice Note on Long-Term Care Insurance

January 31, 2019
The LTC Practice Note Work Group published an exposure draft of a practice note to provide a source of information to practicing long-term care (LTC) actuaries seeking to better understand the considerations in evaluating experience, setting assumptions, valuation, and financial reporting.

Actuarial Update, January 2019

January 31, 2019
In the January Actuarial Update, read about the Academy representatives who attended and presented at Canada’s Actuarial Students’ National Association meeting in Montreal this month.