The Casualty Practice Council (CPC) and the Committee on Product and Liability Financial Reporting (COPLFR) submitted a letter to the Actuarial Standards Board, commenting on the third exposure draft of the proposed Actuarial Standard of Practice (ASOP) for modeling. (October 14, 2016)
The October issue of HealthCheck previews the health plenary and breakout sessions at the Academy’s upcoming Annual Meeting and Public Policy Forum; covers recent Academy correspondence with Congress on health issues; recaps last week’s global health webinar on health care systems in France and the U.K.; and includes a reminder on the health care “Actuarial Challenge.” (October 12, 2016)
The Pension Committee released an issue brief that explores risk transfers by defined benefit pension plans from the perspectives of plan sponsors, beneficiaries, and policymakers. Read the news release. (October 11, 2016)
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 07, 2016)
The Tax Work Group submitted comments to the NAIC's Statutory Accounting Principles (E) Working Group in response to the Issue Paper No. 15X concerning the implementation of principle-based reserving (PBR). (October 06, 2016)
The Risk Sharing Subcommittee and Premium Review Work Group submitted a letter to the U.S. Department of Health and Human Services (HHS) regarding the proposed rule for the 2018 benefit and payment parameters. The comments address proposed changes to the risk sharing mechanisms, market reforms, and rate review provisions. (October 06, 2016)
The C1 Work Group submitted comments to the NAIC's Investment Risk Based Capital Working Group in response to the “Proposal for Life Bond Granularity and Related Issues” dated Sept. 6, 2016. (October 05, 2016)
The Intersector Group released the notes of its September 2016 meeting with the Pension Benefit Guaranty Corporation. (October 06, 2016)
The Intersector Group released the notes of its September 2016 meeting with the Treasury Department and Internal Revenue Service. (October 06, 2016)
The latest issue of PBA Perspectives features updates on principle-based reserving as well as regulatory, legislative, and Academy activities surrounding the implementation of the principle-based approach (PBA) for life insurance. (October 05, 2016)
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 30, 2016)
The September issue of Actuarial Update includes the updated speaker and practice-area lineups in place for the Academy’s Annual Meeting and Public Policy Forum; a new “Actuarial Challenge” that seeks novel approaches to boost individual health insurance market stability; a recap of post-NAIC webinars on casualty and life issues; a remembrance of former Academy President Bill Halvorson; and a “Professionalism Counts” column on continuing education requirements. (September 30, 2016)
The Longevity Risk Task Force gave a presentation to the Federal Reserve Insurance Policy Group on longevity risk in annuity and life insurance. (September 30, 2016)
The Life Illustrations Work Group submitted comments to the Actuarial Standards Board (ASB) on revisions to ASOP No. 24, Compliance with the NAIC Life Insurance Illustrations Model Regulation. (September 29, 2016)
The Nonforfeiture Modernization Work Group submitted comments to the NAIC's Life Actuarial Task Force (LATF) with regard to potentially updating standard nonforfeiture laws. (September 28, 2016)
