The Solvency Committee submitted comments to the National Association of Insurance Commissioners on the International Association of Insurance Supervisors’ paper, Common Framework for the Supervision of Internationally Active Insurance Groups. (December 04, 2013)
The Solvency Committee submitted comments to the International Actuarial Association on the International Association of Insurance Supervisors’ paper, Common Framework for the Supervision of Internationally Active Insurance Groups. (November 22, 2013)
The Rate Review Practice Note Work Group submitted technical comments to the Center for Consumer Information and Insurance Oversight (CCIIO) on the current versions of the Unified Rate Review Template and the actuarial memorandum instructions. (December 04, 2013)
Are you wondering how key global and domestic stakeholders responded to the insurance contracts accounting exposure drafts and where international accounting is headed? Find out Jan. 2 as the Academy hosts a webinar during which presenters will provide a discussion of the Academy’s comments on key issues in the IASB and FASB exposure drafts on insurance contracts; an overview of concepts and concerns from globally influential bodies on those exposure drafts; and, a look at the direction of global convergence. (December 04, 2013)
The Health Practice Council published a new fact sheet that provides an overview of the three risk-sharing mechanisms included in the Affordable Care Act (ACA) - the permanent risk adjustment program, temporary risk corridors, and the transitional reinsurance program. (December 04, 2013)
The Academy was a significant presence at the National Conference of Insurance Legislators (NCOIL) annual meeting Nov. 21-24 in Nashville, TN. Senior Life Fellow Nancy Bennett, Chairperson of the Rate Review Practice Note Work Group Audrey Halvorson, Risk Management and Financial Reporting Council Vice President William Hines, and Health Care Costs Work Group member Susan Pantely, all made presentations directly to legislators at the meeting. Log in to read the full member alert. (November 25, 2013)
Susan Pantely, who chairs the Academy's Models of Care Delivery Subgroup, gave a presentation on behalf of the Academy to the National Conference of Insurance Legislators on new models of care delivery. (November 24, 2013)
The American Academy of Actuaries announced that Darryl Walter has joined the organization as its new director of membership today. In this role, Walter will lead the Academy’s initiatives to enhance member value and benefits, and to expand membership to all qualified actuaries. (November 21, 2013)
The Academy’s Pension Practice Council published an issue brief that examines the different measurements of the obligations of defined-benefit pension plans that discusses two common measurements: solvency value and budget value. Read the news release. (November 21, 2013)
Senior Life Fellow Nancy Bennett addressed state legislators on the lifetime-income needs of retirees in a presentation given at the National Conference of Insurance Legislators’ annual meeting. (November 21, 2013)
The North American Actuarial Council released its 2012-2013 annual report, outlining its work and highlighting its accomplishments for the year. (November 21, 2013)
Audrey Halvorson, who chairs the Academy's Rate Review Practice Note Work Group, made a presentation on behalf of the Academy to the National Conference of Insurance Legislators on the Affordable Care Act's effect on premiums. (November 21, 2013)