The Academy, through its public policy work, seeks to address pressing issues that require or would benefit by the sound application of actuarial principles. The Academy provides unbiased actuarial expertise and advice to public policy decision makers and stakeholders at the state, federal and international levels in all areas of actuarial qualifications. It also advocates on behalf of the profession and promotes the use of actuaries in non-traditional areas.
Health
The Health Practice Council (HPC) provides objective technical expertise to policymakers and regulators on major health insurance and health care affordability issues, including Medicare.
Retirement
The Retirement Practice Council (RPC) provides objective technical expertise to policymakers and regulators on major retirement policy issues, including Social Security and retirement plans.
Casualty
The Casualty Practice Council (CPC) provides objective technical expertise to policymakers and regulators on major property/casualty issues, including medical professional liability and flood insurance.
Life
The Life Practice Council (LPC) provides objective technical expertise to policymakers and regulators on life insurance issues, including a principle-based regulatory approach to reserving and risk-based capital.
Risk Management and Financial Reporting
The Risk Management and Financial Reporting Council (RMFRC) provides objective technical expertise to policymakers and regulators on issues involving risk management and/or financial reporting.
Request a Public Policy Speaker
Request one of the Academy’s experienced and knowledgeable speakers who have volunteered to share their expertise on actuarial public policy.
Public Policy News
The P&C Committee on Equity and Fairness submitted comments to the Colorado Division of Insurance (DOI) on the exposed template of the DOI’s upcoming data call on private passenger auto insurance as part of the implementation of CO SB21-169 – Protecting Consumers from Unfair Discrimination in Insurance Practices.
(April 25, 2025)The Life Practice Council (LPC) provided comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on the most recent AAT for Reinsurance Actuarial Guideline Draft Exposure.
(April 25, 2025)The Health Solvency Committee’s Health Underwriting Risk Factors Analysis Work Group sent the final H2—Underwriting Risk Component and Managed Care Credit Calculation in the Health Risk-Based Capital Formula Report to the NAIC’s Health Risk-Based Capital (E) Working Group. The Work Group presented on the report at the NAIC’s 2025 Spring National Meeting in Indianapolis in March.
(April 24, 2025)The Individual & Small Group Markets Committee sent a comment letter to the Centers for Medicare & Medicaid Services (CMS) on the Proposed Rule: Patient Protection and Affordable Care Act; Marketplace Integrity and Affordability.
(April 11, 2025)The Pension Committee’s Defined Contribution (DC) Subcommittee released an issue brief, Decumulation Strategies: Creating Lifetime Income from Defined Contribution Plans, which outlines the insured and non-insured options available through employer-sponsored DC retirement plans. It also compares these options across key features and strategies. The subcommittee also published an issue brief executive summary.
(March 27, 2025)Health Policy Project Manager Matthew Williams provided an update on Health Practice Council (HPC) activities to the NAIC’s Health Actuarial (B) Task Force (HATF) at NAIC’s Spring National Meeting in Indianapolis.
(March 25, 2025)Health Solvency Committee Chairperson Steven Guzski presented to NAIC’s Health Risk-Based Capital (E) Working Group on the “H2 Underwriting Risk Component and Managed Care Credit Calculation in the Health Risk-Based Capital Formula – Final Report.”
(March 25, 2025)Long-Term Care (LTC) Committee member Steve Schoonveld presented to NAIC’s Senior Issues (B) Task Force on “The State of Long-Term Care Insurance: 2025.”
(March 25, 2025)Director of State Public Policy Outreach Katie Dzurec provided an update on Life Practice Council (LPC) activities to the NAIC’s Life Actuarial (A) Task Force (LATF) at NAIC’s Spring National Meeting in Indianapolis.
(March 25, 2025)The C1 Subcommittee gave an update to NAIC’s Risk-Based Capital (RBC) Investment Risk Evaluation (E) Working Group on its work determining comparable attributes of collateralized loan obligations (CLOs).
(March 25, 2025)The C3 Subcommittee presented an update to NAIC’s Life RBC (E) Working Group on its work on C3 alignment with the other RBC c-factors.
(March 25, 2025)The Health Practice Council (HPC) released a summary of findings from a new Society of Actuaries (SOA) Research Institute report, The ACA @ 15 – Tracking Prior and Emerging Results since its Inception, that discusses the policy implications of those findings.
(March 25, 2025)Senior Casualty Fellow Rich Gibson provided an update on Casualty Practice Council (CPC) activities to the NAIC’s Casualty Actuarial and Statistical (C) Task Force (CASTF) at NAIC’s Spring National Meeting in Indianapolis.
(March 24, 2025)P/C RBC Committee Chairperson Ron Wilkins gave an update to NAIC’s P/C RBC (E) Working Group on R4/R5 factors and the committee’s 2025 priorities.
(March 24, 2025)The Casualty Practice Council, Health Practice Council, and Retirement Practice Council sent comments to the Actuarial Standards Board (ASB) on the second exposure draft of Actuarial Standard of Practice (ASOP) No. 41, Actuarial Communications, which affects all practice areas
(March 14, 2025)Public Policy Initiatives
Comments and letters
Comments, analysis, or explanatory material prepared for an external audience on behalf of an Academy group or the Academy as a whole; these include letters, memos, reports, and fact sheets.
Issue briefs
Analyses of major actuarial or public policy issues written primarily for: policy-makers, regulators, the news media, and the public.
Policy papers
Include white papers and monographs which are longer, more detailed analyses of major actuarial or public policy issues written primarily for: policy-makers, regulators, the news media, and the public. Includes monographs and white papers.
Presentations
Slides presented by the Academy at webinars, seminars, briefings, hearings, or other meetings and events.
Reports to the NAIC
The Academy works with the National Association of Insurance Commissioners (NAIC) on the creation and refinement of sensible, effective regulation. These reports and related documents highlight the NAIC-related work of Academy practice councils.
Testimony
Written and oral testimony provided to Congress or to other governmental and quasigovernmental bodies.
Principle-based Reserving
The Academy has assembled materials to assist actuaries and regulators with implementation of PBR for life insurance.
Actuaries Longevity Illustrator
This educational tool, developed by the American Academy of Actuaries and the Society of Actuaries, is designed to provide you with perspectives on your longevity.
Lifetime Income
In today’s aging society, the widespread assurance of lifetime income is the single most important step needed to improve the retirement security of older Americans. Learn more about the Academy's work on this issue.
Practice Notes
Practice notes offer examples of current and emerging approaches to selected actuarial tasks. They are intended to supplement the available actuarial literature, especially where the practices addressed are subject to evolving technology, recently adopted external requirements, or advances in actuarial science and other applicable disciplines.
