The Individual and Small Group Markets Committee sent comments to the U.S. House Committee on Education and the Workforce on H.R. 1101, the Small Business Health Fairness Act, related to association health plans. (March 08, 2017)
The Individual and Small Group Markets Committee submitted a letter to the Centers for Medicare & Medicaid Services (CMS) regarding the proposed rule on market stabilization. (March 07, 2017)
The Actuaries Climate Index has been updated with data for spring and summer of 2016, reflecting continued high frequencies of extreme weather events. Read the news release. (March 07, 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. (March 03, 2017)
In the latest issue of Contingencies, the cover story, “Preparing for Artificial Intelligence Before It’s Too Late,” asks what happens when intelligence and awareness are no longer uniquely human traits. Other stories include the future of the Affordable Care Act—if and why any reforms to the health care law need to take key provisions into account; musings on whether prevailing assumptions about mortality are correct; and the who, how, and why of principle-based reserving. Also, in his first Presidential Papers column as part of the “Professionalism in Action” series, Academy President Bob Beuerlein asks, “Are You Modeling Professionalism?” He notes actuaries have the opportunity to be teachers and role models to fellow actuaries, and cites the importance of the Code of Professional Conduct. (March 01, 2017)
How are actuarial standards of practice (ASOPs) revised and kept current? Beth Fitzgerald, vice chairperson of the Actuarial Standards Board (ASB), explains the 2016 revisions to ASOP Nos. 21, 23, and 24, illustrating how the ASB continues to uphold this charge—seeking and receiving a wide range of ideas and viewpoints within the actuarial profession. (February 28, 2017)
Using a timely baseball opening analogy to his first Presidential Papers column, Academy President Bob Beuerlein asks, “Are You Modeling Professionalism?” He notes that actuaries have the opportunity to be teachers and role models to other actuaries, and cites the importance of the Code of Professional Conduct. “Walk the walk,” he writes, and don’t be afraid to ask for advice. (Contingencies, March/April 2017) (March 01, 2017)
The February Actuarial Update covers Health Practice Council (HPC) volunteers’ annual visits to Capitol Hill to discuss Affordable Care Act and related health issues with federal lawmakers and policymakers. HPC members met with congressional staff and representatives from key federal agencies, highlighting the Individual and Small Group Markets Committee’s three recent issue briefs. Also covered: Registration is open for the Academy’s Annual Meeting and Public Policy Forum, set for Nov. 14–15 in Washington; and the “Professionalism Counts” column covers three revised actuarial standards of practice (ASOPs) reissued by the Actuarial Standards Board (ASB) in 2016–ASOP Nos. 21 (Responding to or Assisting Auditors), 23 (Data Quality), and 24 (Life Illustrations) 2016–and describes how the ASB keeps ASOPs current. (February 28, 2017)
The Financial Reporting Committee (FRC) submitted comments to the International Actuarial Association (IAA) on the exposure draft of its “Risk Adjustments for Financial Reporting of Insurance Contracts under International Financial Reporting Standards No. X” monograph. (February 28, 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. (February 24, 2017)
The Pension Committee submitted a comment letter to the IRS on proposed regulations to the minimum present value requirements for defined benefit (DB) plan distributions. (February 24, 2017)
The Multiemployer Pension Plans Subcommittee submitted a comment letter to the Pension Benefit Guaranty Corporation (PBGC) on alternative two-pool withdrawal liability methods. (February 24, 2017)
The SVL Interest Rate Modernization Work Group submitted comments on a revised weighting methodology proposal to the NAIC's VM-22 (A) Subgroup. (February 17, 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. (February 17, 2017)
Three new issue briefs developed by the Academy’s Individual and Small Group Markets Committee examine key public policy considerations for policymakers weighing proposals to replace or reform the Affordable Care Act through high-risk pools, selling health insurance across state lines, and association health plans. Read the news release. (February 14, 2017)
