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.

Life Perspectives, Winter 2019

January 30, 2019
The winter Life Perspectives has a Q&A on the principle-based reserve (PBR) practice note released this month with Linda Lankowski, vice chairperson of the Academy’s Life Practice Council (LPC) and chairperson of the PBR Strategy Subgroup and its Practice Note Work Group and PBR 101 Work Group. Also included are legislative and regulatory updates and LPC comment letters to the NAIC.

Work Group Releases Life PBR Assumptions Resource Manual

January 29, 2019
The PBR Assumptions Resource Manual Work Group released a step-by-step, sample framework for setting, updating, and governing life insurance assumptions for PBR and other valuation frameworks. 

Academy Comments on NAIC's Predictive Modeling White Paper

January 22, 2019
Academy Senior Property/Casualty Fellow Rich Gibson submitted comments to the NAIC's Casualty Actuarial and Statistical Task Force (CASTF) regarding CASTF’s proposed white paper on Regulatory Review of Predictive Models.

Not Your Grandmother’s Risk Adjustment

Source : 
https://theactuarymagazine.org/not-your-grandmothers-risk-adjustment/
Date: 
January 1, 2019
Media Outlet: 
The Actuary