The P/C RBC Committee provided a report to the NAIC's SMI RBC Subgroup on risk correlation methodologies used to determine regulatory solvency capital requirements in advanced jurisdictions outside the U.S.
(November 15, 2012)The Group Long-Term Disability Work Group submitted a proposed actuarial guideline to the NAIC's Health Actuarial Task Force (HATF) that will be used to provide instructions for the use of the proposed new Group Long-Term Disability Valuation Table.
(November 14, 2012)The Casualty Actuarial Society (CAS), Canadian Institute of Actuaries, Society of Actuaries, and the American Academy of Actuaries’ Property/Casualty Extreme Events Committee, with input from the CAS’s Climate Index Working Group, have published a report, “Determining the Impact of Climate Change on Insurance Risk and the Global Community,” responding to the emerging risk of climate change by collaborating to recommend, support, and perform research on climate change and assess the potential risk management implications for the insurance industry.
(October 31, 2012)The Casualty Practice Council provided an actuarial perspective on the NAIC Catastrophe Risk Subgroup's recent proposed changes to the Risk-Based Capital formula spreadsheets to incorporate property catastrophe risk.
The Academy’s Long-Term Care Practice Note Work Group has published an updated practice note relating to long-term care rate stability under the NAIC’s Long-Term Care Insurance Model Regulation.
The Academy's International Accounting Standards Task Force (IASTF) will present a webinar on the FASB and IASB Insurance Contracts Project. Attendees will learn about IASB's work on Phase 2 of the project and the resulting significant changes to the International Financial Reporting Standard (IFRS) on insurance contracts, and potential changes to U.S. GAAP.
(October 16, 2012)The Academy's Actuarial Guideline 43/C-3 Phase II Work Group submitted a report to the NAIC with possible ideas for a review process of Actuarial Guideline 43 and C-3 Phase II.
(October 12, 2012)The Academy’s Health Practice Council Communications Committee published a new Campaign 2012 voter guide, A Guide to Analyzing the Issues: Medicare Premium Support. The guide is intended to help voters understand what premium support is and the potential implications of shifting Medicare to a premium support program. Read the news release.
(October 09, 2012)The International Accounting Standards Task Force comments to the International Accounting Standards Board on its working drafts, Feedback on the premium-allocation approach decisions, Feedback on the Non-Insurance Components and on measuring earned premium under the building block approach.
The Academy’s Rate Review Practice Note Work Group published a new practice note on the preparation, review, and disclosure of rate filings under the Affordable Care Act.
Presenters will provide important information for pricing actuaries when completing an actuarial certification related to pricing long-term care insurance policy forms under the rate stability provisions of the NAIC’s Long-Term Care Model Regulation. Register today!
(October 09, 2012)The Public Plans Subcommittee sent comments to the California Actuarial Advisors Panel (CAAP) regarding its Discussion Draft, Version 9c, Model Actuarial Funding Policies and Practices (MAFPP) for Public Pension and OPEB Plans.
(October 03, 2012)The Pension Practice Council sent comments to Moody’s in response to its proposed adjustments to public pension data reported by US state and local governments. Moody’s requested comments after the publication of its report, Adjustments to US State and Local Government Reported Pension Data.
(October 02, 2012)The Pension Accounting Committee provided comments to the Financial Accounting Standards Board (FASB) regarding its proposed Accounting Standards Update: Financial Instruments (Topic 825) – Disclosures about Liquidity Risk and Interest Rate Risk.
(October 01, 2012)The Pension Practice Council sent comments to the Pension Committee of the Actuarial Standards Board regarding its discussion draft, Assessment and Disclosure of Risk Associated with Pension Obligations, Plan Costs, and Plan Contributions.
(October 01, 2012)Join members of the Rate Review Practice Note Work Group on Oct. 12 to learn more about the review and disclosure requirements of “unreasonable” rate increases under the Affordable Care Act (ACA). Presenters will provide an overview of the final practice note and answer questions.
The Casualty, Life, Health, Professionalism, and Financial Reporting Councils submitted comments to the NAIC’s Corporate Governance Working Group concerning the WG’s Proposed Responses to a Comparative Analysis of Existing U.S. Corporate Governance Requirements.
(September 28, 2012)The Financial Reporting Committee submits comments to the Financial Accounting Standards Board on its exposure draft regarding Liquidity Risk and Interest Rate Risk Disclosures and how the proposed amendments would affect insurance companies.
(September 26, 2012)The agenda for this Nov. 7–8 seminar includes new breakout sessions and hands-on workshops led by experienced faculty members who will guide you through the requirements and recent changes to those requirements for writing P/C loss reserve opinions for year-end 2012. (September 24, 2012)
Presenters will provide a status report on the FASB and IASB insurance contracts project. There also will be a discussion of IASB’s work on Phase 2 of the project, the resulting significant changes to the International Financial Reporting Standard (IFRS) on insurance contracts, and the potential changes to U.S. GAAP that are being considered by FASB. Stay tuned for more information!
(September 21, 2012)
