The October Actuarial Update previews the high-profile plenary speakers and practice-area breakout sessions at next week’s Annual Meeting and Public Policy Forum, a virtual event that will take place Nov. 5–6. There’s still time to register for the Academy’s marquee annual event. Also in the issue, coverage of the Oct.
Academy President D. Joeff Williams’ Oct. 29 letter to members announced the membership renewal period and includes a link to “The Meaning of Your Membership,” which highlights the many mission-critical aspects of the Academy’s work in 2020. To pay your annual dues directly, please log in to the Academy’s website.
Academy's PBR Analysis Templates Task Force Published PBR Templates
The Academy’s Principle-Based Reserving (PBR) Analysis Templates Task Force published six templates to assist users when performing PBR analysis or preparing PBR Actuarial Reports required by the National Association of Insurance Commissioners Valuation Manual (VM-31).
Work Group Releases Actuarial Memorandum Practice Note
Actuarial Memorandum Practice Note Work Group of the American Academy of Actuaries’ Health Practice Council released the Actuarial Memorandum Practice Note. The purpose of this practice note is to provide information that can be useful for appointed actuaries dealing with the challenges of producing an Actuarial Memorandum in support of the Actuarial Opinion filed as part of the Health Annual Statement Blank (often referred to as the Health Blank or the Orange Blank).
The Fall HealthCheck includes a Q&A with Annette James, chairperson of the Academy’s Health Equity Work Group, on some of the new work group’s goals. Also, a Capitol Forum webinar on health equity issues, a webinar on the ASOP No. 6 practice note exposure draft, and a preview of the health breakout sessions at the upcoming Annual Meeting and Public Policy Forum.
This Week: Less Than Two Weeks to the Annual Meeting; Professionalism Webinar Next Week; ASB Approves Two Exposure Drafts
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.
HPIC Releases Report on International Health Care Funding
The Health Practice International Committee (HPIC) released the International Health Care Funding Report. This report is the first iteration of a project is intended to be an illustration of international models of health care funding, and reflects the state of 36 health funding systems from around the world as of December 31, 2019. This report is a joint effort of volunteers of the American Academy of Actuaries Health Practice International Committee (HPIC), the International Actuarial Association Health Section (IAAHS), and the Society of Actuaries (SOA) International Section.
The Fall Life Perspectives includes a Q&A on the Tax Work Group’s white paper outlining the most significant changes in the taxation of life insurance companies that were made by the Tax Cuts and Jobs Act of 2017 (TCJA). Also, the interactive Virtual PBR Boot Camp covered a range of issues, the latest “Actuary Voices” podcast features Life Vice President Laura Hanson, and a preview of the life breakout sessions at the upcoming Annual Meeting and Public Policy Forum.
