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. (January 17, 2020)
Ahead of next month’s Iowa caucuses, the Academy published 2020 Making Issues Count, a nonpartisan guide offering voters background information on six issues areas in which actuaries have expertise: Social Security; Medicare and Medicaid; health insurance coverage; lifetime income and retirement risk; climate risk; and long-term care. Read the news release. (January 17, 2020)
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. (January 10, 2020)
The January HealthCheck covers the Risk Sharing Subcommittee’s comment letter regarding the Department of Health and Human Services’ white paper on risk adjustment validation (RADV). Also, legislative/judicial/regulatory developments on the Affordable Care Act, and a draft proposed federal rule that would allow states to import some prescription drugs from Canada. (January 09, 2020)
Academy President D. Joeff Williams’ Nov. 7 letter to members announced the membership renewal period and includes a link to “The Meaning of Your Membership,” which highlights the many mission-critical aspects of the Academy’s work in 2019. To pay your annual dues directly, please log in to the Academy’s website. (January 09, 2020)
As part of its continuing public policy research program providing objective and independent information based on actuarial analysis, the American Academy of Actuaries today introduced the first model and results of the Actuaries Climate Risk Index (ACRI), which provides results associating dollar estimates of property losses in the United States with changes in extreme weather.
The Academy has long been the most reliable and credible source of objective, independent, and nonpartisan information about actuarial matters that can and do affect public policy decisions in the U.S. We are now releasing the ACRI to provide that objective and independent analysis to assist in answering the question: Are the extreme weather conditions that result from a changing climate producing increased property losses?
The findings contained in version 1.0 of the ACRI are the culmination of years of research. We are presenting them now in the spirit of objective, transparent scientific inquiry and statistical rigor. Read the report. (January 09, 2020)
The Committee on Property and Liability Financial Reporting has issued a practice note for Statements of Actuarial Opinion on P/C Loss Reserves (2019) It includes a new section on frequently asked questions about new requirements for Appointed Actuaries. (January 07, 2020)
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. (January 03, 2020)
In the January/February issue of Contingencies, the cover story, “Is ‘Data Science’ an Existential Threat for Actuaries?” investigates what the hot new career trend can tell us about our profession’s future. Other features include “Predictably Irrational,” which looks at how we make decisions, and aims to apply behavioral economics to actuarial science; and “Calculating Death With Dignity,” which looks at the issue of more states legalizing medically assisted suicide and what that means for actuaries. Also in the issue, in his first President’s Message, Academy President D. Joeff Williams explains how the Academy lives up to its “effective” motto; why hygiene matters with data quality; and truth, advertising, and Precept 11. (January 02, 2020)