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 08, 2017)
The words “must,” “should,” and “may” in Actuarial Standard of Practice (ASOP) No. 1 offer guidance to all ASOPs, which help to protect the public by defining what constitutes appropriate practice. Understanding their definitions and professionalism implications will help you to satisfy all of standards of practice that apply to your work and, thereby, also help you to achieve this broader purpose. (Actuarial Update, August 2017) (August 31, 2017)
The Solvency Committee submitted comments to the NAIC's Group Capital Calculation (E) Working Group on the group capital calculation and the proposed treatment of captives. (September 05, 2017)
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 01, 2017)
In the fourth and final installment of his presidential papers series “Professionalism in Action,” Academy President Bob Beuerlein focuses on the importance of implementing professional and ethical standards in the actuarial profession. (Contingencies, September/October 2017) (September 01, 2017)
In the September/October issue of Contingencies, the cover story, “An Imperfect Storm,” looks at what we know—and don’t know—about weather modeling and climate risk, and how the U.S. weather monitoring infrastructure can be improved. Other features include a look at so-called doomsday factors and how they are interrelated, and “Patterns and Noise,” which explores resource complexity as it relates to information theory, efficiency, and marginal improvements. Also in this issue, the final “Presidential Papers” article, on how to set the temperature to “ethical”; an “International Corner” piece on the health care systems and outcomes of Europe; how to ensure a client uses your work product appropriately; and more. (September 01, 2017)
The August Actuarial Update announces the Academy’s new regular directors, who will begin their terms at the conclusion of the Academy’s Annual Meeting on Nov. 14. Also in this issue: acclaimed journalist Bob Woodward, who will keynote the Annual Meeting and Public Policy Forum lauds actuaries’ “objective, independent work” (early registration rates are still available); the Academy made numerous professionalism and public policy presentations at the NAIC Summer 2017 National Meeting; the “Professionalism Counts” column covers the “must,” “should,” and “may” aspects of actuarial standards of practice; and the Academy welcomed almost 450 new members in the first half of 2017. (August 31, 2017)
The Life Reserves Work Group (LRWG) submitted a comment letter on term insurance riders to the NAIC's Life Actuarial Task Force (LATF) regarding VM Maintenance Agenda Item 2017-40. (August 28, 2017)
The Academy sent a letter to members of Congress regarding the importance of an actuarial perspective on tax reform proposals and discussions. (August 31, 2017)
The Financial Regulatory Task Force submitted comments to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on S. 1360, International Insurance Capital Standards Accountability Act of 2017. (August 31, 2017)
The Financial Regulatory Task Force submitted comments to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on S. 1463, Financial Stability Oversight Council Insurance Member Continuity Act. (August 31, 2017)
The Casualty Practice Council sent a letter to members of the U.S. House of Representatives urging reauthorization and reform of the National Flood Insurance Program. (August 30, 2017)
The Financial Reporting Committee submitted comments to the Public Company Accounting Oversight Board’s (PCAOB) on their proposed amendments to auditing standards for auditor’s use of the work of specialists. (August 29, 2017)
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. (August 25, 2017)
The Casualty Practice Council sent a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs urging reauthorization and reform of the National Flood Insurance Program. Read the news release. (August 23, 2017)
