American Academy Of Actuaries

The August HealthCheck covers the Health Practice Council’s presentations at the NAIC Summer 2018 National Meeting in Boston, including a report by the Joint P&C/Health Bond Factors Analysis Work Group, and updates by the Individual and Small Group Markets Committee and the Long-Term Care Valuation Work Group. Also included are legislative and regulatory updates, including actions by Centers for Medicare & Medicaid Services. (August 08, 2018)

Academy Senior Health Fellow Cori Uccello commented on the final rule released today by the administration on short-term, limited-duration insurance. Uccello noted that higher Affordable Care Act premiums will result if younger and healthier individuals move away from ACA-compliant coverage and opt for STLDI. Read the news release. (August 01, 2018)

The July Actuarial Update covers the Academy’s pension forum in Washington on retirement policy issues, and notes the impending July 31 deadline for comments to the Actuarial Standards Board on three pension actuarial standards of practice. Also covered: responses to the volunteer survey are due Aug. 7; the Academy commented to the NAIC on several of NAIC’s Casualty Actuarial and Statistical Task Force proposals; orders remain strong for the Academy-sponsored ‘Magic School Bus’ book introducing actuarial work to grade-school children; and  the “Professionalism Counts” column, written by current members of the Committee on Qualifications, looks at the U.S. Qualification Standards 10 years after the current version came into effect in 2008. (July 27, 2018)

Past Academy President Mary D. Miller submitted a letter with comments from the Academy to the National Association of Insurance Commissioners raising several concerns over a revised attestation proposal released for exposure on June 25 by the NAIC’s Casualty Actuarial and Statistical Task Force (CASTF). (July 25, 2018)

With close to 20,000 members, the Academy appreciates the active participation of more than 1,000 volunteers from every practice area who lend their skill, knowledge, and experience to the Academy's work on public policy issues and professionalism. All members are being invited to complete the Academy's Annual Volunteer Survey via individual email. The survey is also available in the members-only section of the Academy website through Tuesday, August 7. (July 24, 2018)

Past Academy President Mary D. Miller submitted a letter with extensive comments from the Academy to the NAIC responding to an exposure draft that the Casualty Actuarial and Statistical Task Force (CASTF) issued on a CAS/SOA proposal regarding CASTF’s “Continued Competence” charge. This is a significant proposal that would affect many actuaries. Comments are due by Monday, July 23. Those interested may wish to consider filing their own comments. (July 20, 2018)