In the Winter 2015-16 edition of the Enrolled Actuaries Report, read about concerns over the long-term health of multiemployer pension plans; find out more about pension sessions and plenary speakers at the Academy’s 2015 Annual Meeting and Public Policy Forum; see what the Pension Practice Council wrote in comments to the IRS and Treasury Department on Qualified Longevity Annuity Contracts (QLACs); and examine the annual updated Social Security and IRS tables. (January 28, 2016)
The Medicare Subcommittee sent a letter to the Senate Finance Committee with comments on the Bipartisan Chronic Care Working Group’s Policy Options Document. (January 26, 2016)
The Solvency Committee submitted comments to the International Association of Insurance Supervisors (IAIS) on the Non-traditional Non-insurance Activities and Products public consultation document dated November 25, 2015. (January 25, 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. (January 22, 2016)
The Individual Disability Tables Work Group sent its final report and documentation on a recommended new statutory valuation standard basis for morbidity to the NAIC's Health Actuarial Task Force. (January 21, 2016)
The LTC Principle-Based Reserves Work Group sent its final report on a principle-based approach model to the NAIC's Long-Term Care Actuarial Working Group. (January 21, 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. (January 15, 2016)
The Academy’s 2016 Life and Health Valuation Law Manual — designed to help appointed actuaries comply with the requirements of the NAIC model Standard Valuation Law and the Model Actuarial Opinion and Memorandum Regulation — is now available in a variety of formats. (January 27, 2016)
The January issue of HealthCheck covers the Academy’s Risk Sharing Subcommittee’s comments to the Department of Health and Human Services on a proposed rule on benefit and payment parameters for 2017; the Premium Work Group’s practice note released in December on rate filing requirements related to the unified rate review template and actuarial memorandum; President Obama’s veto of a bill that would have overturned the Affordable Care Act; and a preview of upcoming Academy health care webinars. (January 13, 2016)
The Academy released its annual year-end Legislative/Regulatory Review that provides members with a summary of significant state, federal, and international developments that affected the U.S. actuarial profession last year, and major issues that will continue into 2016. This special alert also highlights the Academy’s work in all practice areas. (January 12, 2016)
The Academy released its 2015 P/C Loss Reserve Law Manual, which is updated from 2014 and designed to help appointed actuaries comply with NAIC annual statement requirements. The manual includes SAO requirements and state laws and regulations establishing requirements; annual statement instructions for the SAOs for P/C, title loss, and loss expense reserves; and other pertinent annual statement instructions. The manual is available online or as a CD-ROM, and members can order online here. (January 12, 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. (January 08, 2016)
The latest issue of Contingencies is now available in its digital version. It includes a host of features including “The 3 Rs: A Checkup”—With one full year of data collected, let’s check on these vital risk-sharing mechanisms of the Affordable Care Act; “Fluid Dynamics: Laboratory Testing and Life Underwriting”—A look at the present and future of the lab tests that life underwriters use in assessing risk; “Calculating Doomsday: Earthquakes, Tsunamis, Catastrophe Risk Modeling—and Running for Your Life in the Pacific Northwest”— How actuaries are informing the discussion around the risks associated with the Cascadia Subduction Zone. Also in this issue, new Academy President Tom Wildsmith investigates what it means to be a “professional,” an examination of how the actuarial profession is responding to the preponderance of “Big Data,” puzzles, and more. (January 07, 2016)
In this month’s Actuarial Update, incoming Actuarial Standards Board (ASB) Chairperson Maryellen Coggins highlights several key issues facing the ASB in 2016, including public pension plans. Also in this issue: the Academy releases a new practice note on statements of actuarial opinion on property/casualty loss reserves; an Actuarial Board for Counseling and Discipline (ABCD) professionalism webinar highlights ways the ABCD guidance can help you; and the ‘Professionalism Counts’ column encourages actuaries to keep the Code of Professional Conduct in your pocket. (December 31, 2015)
Read the newest edition of PBA Perspectives, the Academy’s quarterly update on regulatory, legislative, and Academy activities surrounding the implementation of the Principle-Based Approach (PBA) for life insurance. (December 22, 2015)
