Academy News

The Academy’s board of directors has elected Tom Terry to the position of president-elect. Terry will succeed Cecil Bykerk as president for the 2013-2014 term. The Academy also announced it elected five members to fill officer positions. (October 19, 2012)

The Academy held its Annual Meeting and Awards Luncheon on Oct. 15. Outgoing President David Sandberg honored Julia Phillips with the Robert J. Myers Public Service Award, Curtis Huntington with the Jarvis Farley Service Award (click here to view his acceptance speech), and Shawna Ackerman, Mita Lodh, and Mike Ward with Awards for Outstanding Volunteerism. Sandberg also welcomed new regular directors to the Academy Board of Directors. (October 19, 2012)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week's worth of news, updates, and media coverage in one convenient, easy-to-use publication. (October 19, 2012)

Read about the recent revision, adoption, and approval of several ASOPs, plus more! (October 18, 2012)

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 ASB approved a revision of ASOP No. 25, Credibility Procedures, which is now applicable to all practice areas while providing guidance to actuaries in the selection of a credibility procedure and the assignments of credibility values to sets of data. Comments for ASOP No. 25 are due Dec. 31, 2012. The ASB also adopted ASOP No. 46, Risk Evaluation in Enterprise Risk Management, which provides guidance to actuaries when performing professional services with respect to risk evaluation systems used for the purposes of enterprise risk management, including designing, implementing, using, and reviewing those systems. The effective date for ASOP No. 46 is May 1, 2013.  (October 16, 2012)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week's worth of news, updates, and media coverage in one convenient, easy-to-use publication. (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)

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)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week's worth of news, updates, and media coverage in one convenient, easy-to-use publication. (October 05, 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. (October 01, 2012)

The non-partisan American Academy of Actuaries encourages President Barack Obama and Gov. Mitt Romney to specify in Wednesday’s debate how they will address the financial risks to Social Security and Medicare. (October 01, 2012)

Read about the Academy’s recent activities in the latest edition of the Actuarial Update. (September 28, 2012)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week's worth of news, updates, and media coverage in one convenient, easy-to-use publication. (September 28, 2012)