Academy News

The Robert J. Myers Public Service Award recognizes actuaries who have made an exceptional contribution to the common good. The Jarvis Farley Service Award is given to Academy members whose volunteer efforts on behalf of the Academy have made significant contributions to the advancement of the profession. And, the Award for Outstanding Volunteerism honors Academy volunteers who have made a single, noteworthy contribution above and beyond what is reasonably expected. (April 22, 2013)

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. (April 19, 2013)

Join the Academy and the Society of Actuaries on June 4 to gain a better understanding of regulator perspectives on a variety of topics, including how actuaries can adapt to the new risk-focused exams, whether principle-based reserving (PBR) makes sense for small companies, and how the Own Risk and Solvency Assessment (ORSA) will evolve and help small companies. (April 19, 2013)

In a news release, the Academy said it recognizes the importance of the issues addressed by newly introduced Congressional legislation and offered its public policy resources to legislators, regulators and other stakeholders at the federal, state and local levels to assist them in understanding the nature of the risks related to the financial soundness of state and local government public pension benefit plans. (April 19, 2013)

Register now for the April 18 webinar to learn more about requirements related to the ACA provision on rate review and disclosure, specifically the final unified rate review template and actuarial memorandum. A representative from the Center for Consumer Information and Insurance Oversight will be available to answer your questions. (April 16, 2013)

Academy President Cecil Bykerk responds with a letter to the editors of The Wall Street Journal to an April 10 op-ed, “The Pension Rate-of-Return Fantasy,” regarding pension funding and expected rates of return. (April 12, 2013)

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. (April 12, 2013)

As policy makers debate changes to Social Security and Medicare in the 2014 federal budget proposed by President Obama, the nation’s actuaries urge them to consider the impact of policy changes on the sustainability of these vital social-insurance programs. Social Security and Medicare are among the highest public policy priorities for the American Academy of Actuaries, in part because of their near-universal impact on U.S. retirees. Read the news release. (April 11, 2013)

Read about recent health care reform activities in the latest edition. (April 10, 2013)

The Casualty Practice Council, represented by Chairperson Mike Angelina, presented an actuarial perspective on insurance for acts of terrorism at the NAIC's Center for Insurance Policy and Research Brunch. (April 09, 2013)

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. (April 05, 2013)

Read about issues that affect pension actuaries and the Academy’s work to advance sound pension policy in the latest edition. (April 05, 2013)

Subgroups of the Life Practice Council gave presentations to the NAIC’s Life Actuarial Task Force regarding development of an aggregate margin and mortality studies, submitted reports on nonforfeiture modernization and, synthetic guaranteed investment contracts and proposed amendments to VM-20 regarding policy loans, deterministic reserve and pre-tax investment maintenance reserve. (April 04, 2013)

Read about the Academy’s recent work on PBR implementation, an issue brief on raising the retirement age, webinars, and upcoming events. (March 29, 2013)

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. (March 29, 2013)