Importance of volunteering

The American Academy of Actuaries is the voice of U.S. actuaries on public policy and professionalism issues, bringing together all the specialties within the profession (SOA, CAS, ASPPA, and CCA).

The Academy’s public policy work involves identifying which issues impacting the public at large would benefit from actuarial expertise and should therefore be pursued by the Academy’s public policy practice councils or committees. Academy committees regularly prepare testimony for Congress, provide information to congressional staff and senior federal policymakers, comment on proposed federal and state regulations and international accounting standards, and work closely with the National Association of Insurance Commissioners (NAIC) and state officials on issues related to insurance, retirement benefits and other forms of risk financing.

This work takes many forms, such as:

• Developing issue papers on topics being discussed by policymakers and the media.
• Providing analytical support for the development of legislation at the local, state or federal level.
• Providing analysis and input on documents publicly exposed by regulatory bodies
• Analyzing the impact of international developments on the U.S.
• Providing educational sessions for policymakers
  

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