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. (February 26, 2021)
The February Actuarial Update covers how the Academy has marked Black History Month, led by the reissue of The Magic School Bus Takes a Risk: A Book About Probability, which offers an opportunity to introduce young children—including those in traditionally underrepresented groups, who are featured as main characters—to actuaries and shows how math as a profession can take them on amazing journeys. Also in the issue, it’s time for members to offer recommendations for Academy regular directors; the Academy welcomed 338 new members in the second half of 2020; and the “Professionalism Counts” column looks at conflicts of interests in the context of transparency. (February 26, 2021)
Conflict of interest. We've all heard the term, but what exactly does it mean? And why is it important for actuaries to avoid a conflict of interest? It all goes back to the Code of Professional Conduct. (February 26, 2021)
Academy Senior Health Fellow Cori Uccello presented at a “Medicare Solvency Projections and Potential Policy Solutions” webinar sponsored by the Alliance for Health Policy. She set the stage for the discussion by providing basic program information, covering Hospital Insurance (HI) and Supplementary Medical Insurance (SMI), the projected depletion of the HI trust fund, and noted that Medicare’s sustainability challenges go beyond solvency. (February 25, 2021)
The Academy made three presentations to the NAIC’s Casualty Actuarial and Statistical (C) Task Force (CASTF) webinar as part of CASTF’s “Book Club” series to facilitate regulator training and the sharing of expertise on predictive analytics on the topic of race and insurance. Academy presenters were Dorothy Andrews, chairperson of the Data Science and Analytics Committee (DSAC); Roosevelt Mosley, DSAC member and member of the Casualty Practice Council’s (CPC) Racial Equity Task Force; and Lauren Cavanaugh, CPC vice president. (February 23, 2021)
The winter issue of The Retirement Report includes a Q&A with Pension Committee Vice Chairperson Elena Black on some of the committee’s key issues and output including comments on actuarial standards of practice, issue briefs on timely topics including COVID-19, and practice notes. Also in the issue, a preview of next month’s webinar on Social Security, and an update on recent legislative and regulatory activity. (February 24, 2021)
The Health Solvency Subcommittee sent a comment letter in response to a request from the NAIC’s Health Risk-Based Capital (E) Working Group to further analyze the impact of incorporating investment income into the existing underwriting risk factors within the health risk-based capital formula. (February 22, 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. (February 19, 2021)
Senior Casualty Fellow Rich Gibson participated in a virtual panel discussion Monday at the National Conference of State Legislatures’ Executive Committee Task Force on insurance regarding business interruption coverage. Gibson provided a perspective on actuarial considerations important to the success of any future public or private program designed to support coverage. (February 15, 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. (February 12, 2021)
The Health Practice Council submitted a comment letter to the Department of the Treasury, the Department of Labor (DOL), and the Department of Health & Human Services (HHS), on review of agency actions related to the Affordable Care Act and Medicaid, as put forward in a recent presidential executive order. The letter provides references to previous Academy comment letters to agencies regarding relevant proposed rules. (February 12, 2021)
The Individual and Small Group Markets Committee and the Active Benefits Subcommittee submitted comments to the Department of the Treasury, the Department of Labor (DOL), and the Department of Health & Human Services (HHS), on insurance and health plan coverage of COVID-19 testing, as put forward in a presidential executive order, Establishing the COVID-19 Pandemic Testing Board and Ensuring a Sustainable Public Health Workforce for COVID-19 and Other Biological Threats. (February 11, 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. (February 05, 2021)
The Winter Life Perspectives covers the Life Practice Council’s January webinar that reviewed key 2020 life issues and looked ahead to life-practice issues in the new year. Also in the issue, the Variable Annuity Reserves & Capital Work Group’s new VM-21 practice note supplement; a recap of the Academy’s Life & Health Qualifications Seminar and life sessions from the Annual Meeting & Public Policy Forum; LPC presentations to the National Association of Insurance Commissioners and the National Council of Insurance Legislators; the Life & Health Valuation Law Manual is available for purchase; and recent legislative and regulatory activity. (February 04, 2021)
The Life Practice Council's Variable Annuity (VA) Reserves and Capital Work Group released an exposure draft of its VM-21 Practice Note Supplement, Implementation of Requirements for Principle-Based Reserves for Variable Annuities – 2021 Edition of VM-21. The comments on the exposure draft are due to the Academy by April 30, 2021, and can be sent to lifeanalyst@actuary.org. (February 03, 2021)
