The Life Reserves Work Group, Annuity Reserves and Capital Work Group, and Variable Annuity Reserves and Capital Work Group submit an amendment proposal and presentation to the NAIC’s Life Actuarial Task Force on Swap Spreads and the London Inter-bank Offered Rate Transition to the Secured Overnight Financing Rate.
(March 10, 2022)The Economic Scenario Generator Work Group's presentation to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on model office testing scenarios of the new economic scenario generator.
(March 03, 2022)The Academy’s Data Science and Analytics Committee (DSAC) presented to the National Association of Insurance Commissioners’ (NAIC) Casualty Actuarial and Statistical (C) Task Force (CASTF) Book Club on their recent major issue paper, Big Data and Algorithms in Actuarial Modeling and Consumer Impacts.
(January 26, 2022)Senior Casualty Fellow Rich Gibson presented to the NAIC’s Property and Casualty Insurance (C) Committee on behalf of the Academy’s Automobile Insurance Committee to provide general and actuarial considerations on the topic of auto insurance refunds.
(December 15, 2021)Former Life Vice President Laura Hanson’s presentation providing an update of Life Practice Council activities to the Life Actuarial (A) Task Force at the National Association of Insurance Commissioners 2021 Virtual Fall National Meeting.
(December 08, 2021)Casualty Practice Council Vice Chairperson, Dee Dee Mays, and Committee on Property and Liability Financial Reporting (COPLFR) Chairperson, Derek Freihaut, presented to the NAIC’s Casualty Actuarial and Statistical (C) Task Force on behalf of CPC and COPLFR on the recent publications and future work products expected for release in early 2022.
(December 07, 2021)Casualty Vice President Lauren Cavanaugh presented [MM1] to the NAIC’s Special Committee on Race and Insurance (SCORI) Workstream 3 (Property and Casualty) on behalf of the Academy’s Racial Equity Task Force (RETF) on the work RETF has completed and is currently doing; she also provided comments to SCORI Workstream 3 on proxy discrimination and disproportionate impact.
(December 01, 2021)The Long-Term Care Valuation Work Group presented results of the Long-Term Care Insurance Mortality and Lapse Study to the National Association of Insurance Commissioners (NAIC) Health Actuarial (B) Task Force.
(November 29, 2021)Academy Health Practice Council (HPC) Vice Chairperson, Barb Klever, provided an update on the 2021 HPC activities to the National Association of Insurance Commissioners (NAIC) Health Actuarial (B) Task Force.
(November 29, 2021)David Traugott, Chairperson of the Academy's Property and Casualty Risk Based Capital (P/C RBC) Committee, presented an update on premium risk and Investment Income Adjustment to the NAIC's P/C RBC (E) Work Group.
(October 25, 2021)Life Vice President Laura Hanson gave an update of the Life Practice Council activity to NAIC’s Life Actuarial (A) Task Force.
(August 12, 2021)Academy Health Practice Council Vice President Al Schmitz, and Long-Term Care/Disability Committee Chairperson Bruce Stahl, April 28, 2021, presentation to the Columbus Actuarial Club on “Long-Term Care Insurance: Public Policy Update.”
(April 28, 2021)David Traugott, Chairperson of the Academy's Property and Casualty Risk Based Capital (P/C RBC) Committee, presented an update on P/C RBC underwriting factors experience to the NAIC's P/C RBC (E) Work Group.
(April 27, 2021)The Life Practice Council's update to the Life Actuarial (A) Task Force at the National Association of Insurance Commissioners 2021 Virtual Spring National Meeting.
(April 08, 2021)Senior Casualty Fellow Rich Gibson presented at the Midwest Actuarial Forum’s Virtual Spring Meeting Webinar, giving an overview of recent property/casualty public policy developments.
(March 05, 2021)Academy Senior Health Fellow Cori Uccello presentation from “Medicare Solvency Projections and Potential Policy Solutions” webinar sponsored by the Alliance for Health Policy. Presentation provides basic program information, covering Hospital Insurance (HI) and Supplementary Medical Insurance (SMI), the projected depletion of the HI trust fund, and also notes that Medicare’s sustainability challenges go beyond solvency.
(February 25, 2021)Presentation made to the National Association of Insurance Commissioners Casualty Actuarial and Statistical (C) Task Force at a webinar as part of its “Book Club” series to facilitate regulator training and the sharing of expertise on predictive analytics on the topic of Race and Insurance. Academy presenters were: Dorothy Andrews, chairperson of the Data Science and Analytics Committee (DSAC), Roosevelt Mosley, DSAC member and member of the Casualty Practice Council (CPC) Racial Equity Task Force, and Lauren Cavanaugh CPC vice president.
(February 23, 2021)ERM/ORSA Climate Related Financial Disclosures (CRFD) Work Group update to the NAIC Climate Risk and Resiliency (EX) Task Force on the Climate Risk Disclosures Survey Analysis project.
(January 27, 2021)Mary Bahna-Nolan gave a presentation to the National Council of Insurance Legislators' Special Committee on Race and Insurance Underwriting along with members of the Casualty Practice Council and Risk Management and Financial Reporting Council.
(December 09, 2020)ERM/ORSA Climate Related Financial Disclosures Work Group presentation to the National Association of Insurance Commissioners (NAIC) Climate and Resiliency (EX) Task Force.
(December 04, 2020)On December 2, 2020, Cori Uccello, the Academy’s Senior Health Fellow, presented on behalf of the Academy’s Health Equity Work Group (HEWG) at the National Association of Insurance Commissioners’ (NAIC’s) Special (EX) Committee on Race and Insurance, Workstream #5 meeting. Written comments by HEWG chairperson Annette James were also submitted to the special committee highlighting the HEWG’s efforts to facilitate solutions to address health disparities.
(December 04, 2020)The Life Practice Council's update to the Life Actuarial (A) Task Force at the NAIC 2020 Fall National Meeting.
(December 03, 2020)Academy Casualty Vice President Lauren Cavanaugh addressed the NAIC’s Special Committee on Race and Insurance, speaking to her prepared comments previously submitted, which covered actuarial guidance, disparate impact, and data quality. She recommended consideration of independent organizations to examine and certify third-party data for hidden biases, accuracy, and relevance. She also described for commissioners and regulators several actuarial standards of practice (ASOPs) relevant to actuarial practice in areas being looked at by the special committee.
(November 13, 2020)The Academy’s Casualty Practice Council (CPC) and Committee on Property and Liability Financial Reporting (COPLFR) presented an update on CPC and COPLFR activity to the NAIC’s Casualty Actuarial and Statistical Task Force (CASTF), including pandemic risk insurance, workers’ compensation, automobile insurance, and cyber risk, and gave a preview of December’s Seminar on Effective P/C Loss Reserve Opinions.
(November 10, 2020)The Academy's Annuity Reserves Work Group (ARWG) presentation on the Preliminary Framework Elements for Fixed Annuity PBR to the NAIC's Valuation Manual (VM)-22 (A) Subgroup.
(October 21, 2020)C-2 Mortality Work Group update to the NAIC's Life Risk-Based Capital (E) Working Group reviewing the C-2 overall approach and current risk-based capital (RBC) factors.
(September 11, 2020)The Long-Term Care (LTC) Valuation Work Group gave a presentation to the National Association of Insurance Commissioners’ (NAIC’s) LTC Actuarial (B) Working Group on the work group’s progress on the NAIC’s requests that the work group develop a replacement mortality table for LTC active life reserves, develop a replacement lapse table, and consider developing tables for valuation on total lives basis as well as active lives basis.
(August 25, 2020)The Academy C-3 Life and Annuities Work Group (C-3 WG) has a request from the NAIC Life Risk-Based Capital (E) Working Group (LRBC) to “Update the current C-3 Phase I or C-3 Phase II methodology to include Indexed Annuities.”
(August 21, 2020)Presentation by Steve Jackson on Scalars Project Update to the National Association of Insurance Commissioners (NAIC) International Insurance Relations (G) Committee.
(August 12, 2020)PBR Governance Update to the Life Actuarial (A) Task Force at the NAIC 2020 Summer National Meeting
(August 04, 2020)