The Role of the Actuary Subgroup submitted comments to the NAIC's Life Actuarial Task Force (LATF) on combined revisions regarding VM-G of the Valuation Manual. (June 03, 2016)
The LTC Reform Subcommittee published an issue brief providing an overview of premium rate increases on private long-term care insurance policyholders. Read the news release. (June 02, 2016)
In the latest issue of Actuarial Update, read about registration opening for the Academy’s Annual Meeting and Public Policy Forum, and the May launch of the Actuaries Longevity Illustrator. Also, Academy representatives traveled to International Actuarial Association (IAA) meeting in Russia, focusing on the IAA education syllabus; a new Individual and Small Group Markets Committee issue brief outlines 2017 premium drivers; and more. (June 01, 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. (May 27, 2016)
The Casualty Practice Council and the P/C Extreme Events Committee sent a letter to members of the U.S. Senate Banking, Housing and Urban Affairs Committee commenting on HR 2901, The Flood Insurance Market Parity and Modernization Act, concerning expansion of the role of private insurers in the flood insurance marketplace. (May 25, 2016)
The Committee on Qualifications has added a question on qualifications to issue statements of actuarial opinion with respect to long-term care policies to its frequently asked questions (FAQs) on the U.S. Qualification Standards (USQS). For more detail, see question 48 of the FAQs on the USQS webpage. (May 20, 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. (May 20, 2016)
The Life Reserves Work Group (LRWG) submitted comments to the NAIC's Life Actuarial Task Force (LATF) on the Minnesota Department of Commerce Amendment Proposal Form (APF) on post-level term profit assumptions. (May 18, 2016)
The Solvency Committee submitted comments to the NAIC's Investment Risk-Based Capital (E) Working Group on its "Way Forward" exposure document. (May 19, 2016)
Academy President Tom Wildsmith presented a professionalism session and delivered after-dinner remarks at Tuesday’s meeting of the Actuaries Club of Philadelphia. The session, “Ethical Challenges to the U.S. Actuarial Profession: Insights from the Academy” delved into the question of what it means to be a professional, the specific meaning of actuary as professional in the United States, and how the professionalism structure housed in the Academy serves to both qualify actuaries and guide them when facing ethical challenges. In his after-dinner remarks, Wildsmith discussed the origins of the professionalism structure at the Academy, focusing on how it developed in response to the needs for standards and institutions necessary to gain and sustain the public’s trust in the profession.
“This professionalism structure is essential to maintaining the public’s trust, but it’s not what makes you and me professionals,” Wildsmith said. “Professionalism is not just mechanical compliance with a checklist of technical rules; the essence of professionalism is our personal commitment to doing the right thing. The standards and institutions are tools that help us, both individually and collectively, to live up to that commitment. (May 13, 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. (May 13, 2016)
The May issue of HealthCheck covers the Academy’s new issue brief on 2017 premium drivers, the Risk Sharing Subcommittee’s issue paper on the ACA risk adjustment program, legislative and regulatory updates, and highlights this fall’s Life and Health Qualifications Seminar. (May 11, 2016)
A new issue brief produced by the Individual and Small Group Markets Committee, Drivers of 2017 Health Insurance Premium Changes, provides an overview of the general factors underlying premium rate setting and highlights the major components driving premium changes for 2017 under the Affordable Care Act (ACA). Read the news release. (May 09, 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. (May 06, 2016)
The Role of the Actuary Subgroup submitted comments to the NAIC's Life Actuarial Task Force (LATF) on recommendations made in amendment proposal forms regarding VM-G of the Valuation Manual. (May 06, 2016)
