The Spring Casualty Quarterly includes a Q&A with the Casualty Practice Council’s Cyber Risk Task Force Chairperson Norman Niami on cyber risk issues being addressed by the Academy, including a look at some forthcoming papers. Also in the issue, a report on a new issue brief on automobile insurance and COVID-19, news items on Senior Casualty Fellow Rich Gibson presentations on P/C issues at two events, the latest Actuaries Climate Index figures, and recent state and federal legislative and regulatory activity. (April 09, 2021)
The VM-22 Subgroup released its VM-22 In Brief, providing an overview of Valuation Manual (VM)-22 requirements, which specifies new Interest rate requirements for reserves on single premium immediate annuities and similar contracts. (April 08, 2021)
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. (April 02, 2021)
The March Actuarial Update covers the release of the Actuarial Standards Board and Actuarial Board for Counseling and Discipline annual reports. Also in the issue: Executive Director Mary Downs will retire in the next few months after serving in that position for more than 12 years; the Academy’s new webpage on diversity, equity & inclusion, and a related health equity discussion brief; registration is open for June’s Virtual PBR Boot Camp; the Academy and its Board of Directors defeated a Conference of Consulting Actuaries lawsuit challenging a 2018 bylaws amendment; a P/C issue brief on auto insurance and COVID-19; an Actuary Voices podcast with Senior Pension Fellow Linda K. Stone highlights women’s retirement issues during Women’s History Month; and the “Member Spotlight” profiles Rhonda Ahrens, a faculty member of both the PBR Boot Camp and the LHQ Seminar. (March 31, 2021)
Professionalism lies at the heart of the Academy’s mission. Accordingly, the Academy maintains a wealth of professionalism resources to help members keep their professionalism knowledge up to date. (March 31, 2021)
The Casualty Practice Council submitted a comment letter on Colorado Senate Bill 21-169 which is aimed to protect consumers from unfair discrimination in insurance practices. The comments addressed potential concerns of the legislation’s impact on casualty insurance. (March 29, 2021)
The Health Equity Work Group (HEWG) has released a discussion brief on health equity from an actuarial perspective. This brief serves as an introduction to the HEWG’s work in examining the following areas: health insurance benefit design, provider contracting and network development, premium pricing, and managing population health. Read the news release. (March 31, 2021)
The Health Practice Council submitted a comment letter on Colorado Senate Bill 21-169 which is aimed to protect consumers from unfair discrimination in insurance practices. The comments focused on potential impacts to health insurance. (March 29, 2021)
The Life Underwriting and Risk Classification Work Group submitted a letter on Colorado Senate Bill 21-169 aimed at unfair discrimination in insurance, addressing potential concerns of the legislation’s impact on life insurance. (March 29, 2021)
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. (March 26, 2021)
The Academy’s Economic Scenario Generator Work Group (ESGWG) submitted a comment letter to the National Association of Insurance Commissioners' Life Actuarial Task Force regarding its recent Economic Scenario Generator exposures. (March 25, 2021)
The Automobile Insurance Committee released an issue brief on automobile insurance considerations arising from the COVID-19 pandemic. (March 24, 2021)
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. (March 19, 2021)
The Variable Annuity Reserves and Capital Work Group submitted an amendment proposal to the NAIC’s Life Actuarial Task Force (LATF) to update the reference to the required minimum distribution (RMD) age in the VM-21 Standard Projection Amount pursuant to enactment of the federal Setting Every Community Up for Retirement Enhancement (SECURE) Act. (March 15, 2021)
The Academy’s Annuity Reserves and Capital Work Group submitted a summary of the differences between the Academy fixed annuity principle-based reserving (PBR) framework proposal exposed by the National Association of Insurance Commissioners VM-22 Subgroup in October 2020 and the current framework for Valuation Manual (VM)-21 (variable annuity PBR). (March 15, 2021)
