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. (November 01, 2019)

The Pension Committee released a public policy practice note to provide information to actuaries on current and emerging practices for measuring obligations of defined benefit pension plans that include variable annuity benefits. (November 01, 2019)

In the November/December issue of Contingencies, the cover story, “A Valuable Piece of the Puzzle,” posits that shrewd companies stand to benefit from hiring neurodiverse actuaries. Other features include “Model Behavior,” which contains several practical applications of artificial intelligence in actuarial science; and “Where Are the Whip-Makers?”—in the Actuarial Software Now supplement, the workplace of tomorrow will look very different from today; should actuaries be concerned? Plus, a President’s Message from Academy President Shawna Ackerman on the Academy’s unique voice; Zen and the art of actuarial science, and what does it mean to be “reasonable”? (November 01, 2019)

The October Actuarial Update gives a final preview of the Academy’s Annual Meeting and Public Policy Forum, which kicks off next week in the nation’s capital with plenary and practice-area breakout sessions, opportunities for continuing education credit, and more. Also in the issue: Academy President Shawna Ackerman writes to members about the Academy’s recent membership survey; an October professionalism webinar looked at reliance in actuarial standards of practice; the Academy’s jointly sponsored Actuaries Longevity Illustrator has been updated; and the “Professionalism Counts” column addresses some common year-end qualification questions. (October 31, 2019)

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 25, 2019)

The Fall Life Perspectives covers the PBR Checklist Task Force’s new document, “What is PBR for life insurance?” just a few months before the Jan. 1 deadline for companies to adhere to the principle-based reserving (PBR) requirements under the Valuation Manual Section 20 (VM-20). The story includes an interview with Karen Rudolph, the task force’s chairperson. Also in this issue: Sessions are set for December’s PBR Boot Camp, Life Practice Council groups comment to NAIC, and recent legislative activity. (October 23, 2019)

The PBR Checklist Task Force released a document—“What is PBR for Life Insurance?”—just a few months before the Jan. 1 deadline for companies to adhere to the principle-based reserving (PBR) requirements under the Valuation Manual Section 20 (VM-20), that provides a summary of the significant elements of PBR. (October 23, 2019)

The Casualty Practice Council sent comment letters to the U.S. House Committee on Financial Services and to the U.S. Senate Committee on Banking, Housing, and Urban Affairs encouraging long-term extension of the Terrorism Risk Insurance Act. (October 22, 2019)

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 18, 2019)

The Lifetime Income Risk Joint Committee released an issue brief, Actuarial Observations on Retiree Income Approaches, on how actuarial methods and solutions apply to the risk management inherent to retirement income planning. Released in conjunction with the relaunch of the Academy’s and Society of Actuaries’ jointly developed Actuaries Longevity Illustrator, the issue brief provides a helpful overview and context for understanding how these tools can be used to mitigate risk and optimize retirement income. (October 18, 2019)

The Academy and the Society of Actuaries (SOA) have updated the jointly developed Actuaries Longevity Illustrator, a web-based tool that allows users to quickly generate an estimate of how long they might live in a few simple steps. The illustrator does not provide financial advice, but results can be useful for individuals or couples for retirement planning purposes, and to retirement advisers. The language has been clarified to help users effectively use and understand its results, and back-end data and methodologies used to calculate results have been updated. The back-end mortality tables used to generate the illustrator’s results have been updated from Social Security’s 2010 to 2016 tables, and the mortality improvement scale has been updated from SOA MP-2015 to MP-2018. Improvements also have been made to the factors used to adjust for smoking and health status. (October 11, 2019)

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 11, 2019)

The October HealthCheck covers the Academy’s telehealth issue brief and Sept. 25 Capitol Hill briefing on the topic; the Individual and Small Group Markets Committee’s comments to the Centers for Medicare & Medicaid Services on the 2020 Notice of Benefit and Payment Parameters; and recent legislative and regulatory activity. Click through also for a preview of health sessions at the upcoming Annual Meeting and Public Policy Forum. (October 09, 2019)

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 04, 2019)

Members of the Telehealth Work Group presented on the topic of telehealth along with the debut of their new issue brief with moderator Cori Uccello, senior health fellow, to a policy audience of Capitol hill staff. (September 25, 2019)