Get “Freaky” at the Academy Annual Meeting and Awards Luncheon
Award-winning author, journalist, and radio and TV personality Stephen J. Dubner, co-author of the international bestsellers Freakonomics and Superfreakonomics, will share his wit and insight at the Academy’s annual meeting on Nov. 4. This year’s event is in conjunction with the CAS Annual Meeting in Minneapolis. It will also feature the Academy presidential transition and presentation of the Academy awards.
Be Ready for the Academy Regular Director Elections Opening on Aug. 26
Did you receive your test email from Intelliscan (firstname.lastname@example.org), the Academy’s election vendor? It was sent to you this week to ensure that you receive your online ballot later this month. Check your spam folder if you don’t see it in your inbox and make sure to add the email address to your safe senders list. The elections will be held online Aug. 26 through Sept. 16. Visit the Academy Board Election Center to learn more about this year’s candidates!
Academy in the News
Academy Senior Pension Fellow Donald Fuersttold Bankrate.com, in an interview about Sen. Tom Harkin’s Social Security reform bill, that a multifaceted approach that includes raising the full retirement age is needed for Social Security to become sustainably solvent.
The Minimum Value Practice Note Work Group released a practice note exposure draft related to determinations of minimum value and actuarial value under the Affordable Care Act (ACA). Comments are due by Sept. 30. Log in to read the full alert.
The Social Security Committee updated its annual issue brief on the 2013 Social Security Trustees Report that outlined the trust fund’s current financial status, long-range estimates of the program’s solvency, and the need to reform the program to ensure sustainable solvency.
Newly Released Publications
August HealthCheck: Read about a new practice note on large group medical insurance reserves, an exposure draft on minimum value and the ACA, an upcoming ACA webinar, and legislative and regulatory news.
Opportunities to Learn and Earn CE
Aug. 22, Financial Reporting Implications under the ACA: Have you registered for next week’s informational webinar on reforms introduced by the ACA that may create uncertainty for health insurance issuers? Find out what this uncertainty could mean for your future financial statements, especially given increased ACA requirements for actuarial estimates in financial reporting. Register today to learn about the financial reporting implications of several key provisions of the ACA: premium stabilization programs, new taxes and fees, advanced payments, and existing actuarial liabilities.
Sept. 15–17, Casualty Loss Reserve Seminar: Register for the CLRS by Aug. 19 and save $200! Attend this seminar to stay current with industry developments and learn from expert analysis of innovation in reserving. Practical sessions in estimating reserve risk and evaluating the effectiveness of various estimation techniques are offered, as well as professionalism sessions to help you comply with standards and communicate results.
Sept. 24–25, Life PBR—The New Valuation World Seminar: Early bird registration ends next Wednesday! Don’t miss this collaborative seminar, which combines instructor-led training with small-group discussions on the practical application of the principle-based reserving mechanics as outlined in VM-20. PBR experts will discuss the latest developments, including the new PBR Actuarial Standard of Practice and PBR practice note—both expected to be completed this year.
Nov. 11–14, Life and Health Qualifications Seminar: Register by Sept. 13 and receive $200 off the regular registration fee for this instructional seminar—a primary source of education for actuaries who wish to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement but may not have met the specific knowledge requirements set forth in the U.S. Qualification Standards.
Nov. 13–14, P/C Effective Loss Reserve Opinions Seminar: Whether you’re an actuary who signs P/C loss reserve opinions or someone who assists in preparing them, this hands-on seminar will offer you an opportunity to deepen your expertise, become more efficient in your work, and differentiate yourself from others in your field. Don’t miss this highly interactive and customized seminar!
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