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At the NAIC Fall 2012 National Meeting the Nonforfeiture Modernization Work Group presented to the Life Actuarial Task Force based upon its report outlining Guaranteed Nonforfeiture Basis Factor Assumptions. 

The Life & Health Valuation Law Manual is now available. The manual is designed to help appointed actuaries comply with the requirements of the NAIC model Standard Valuation Law and the Model Actuarial Opinion and Memorandum Regulation.

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.

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.

Read about the Academy’s recent activities in the latest edition of the Actuarial Update.

Join the Academy’s Life Practice Council on Dec. 13 for an overview of the NAIC Fall 2012 National Meeting and progress on the principle-based approach (PBA) to life reserves. Presenters also will provide an overview of the newly adopted 2012 Individual Annuity Reserving Table which becomes effective January 2014.

Read about recent health care reform activities in the latest edition of HealthCheck. 

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.

Senior Health Fellow Cori Uccello presented to the National Conference of Insurance Legislators regarding states' Affordable Care Act Medicaid expansion decisions. 

Join the Council on Professionalism on Dec. 12 to learn about peer review and the common practices actuaries can use in determining whether voluntary peer review of their Actuarial Services and Actuarial Communications may be beneficial. You’ll also learn when to use it, how to identify suitable peer reviewers, considerations in establishing a peer review program, and more!