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This Week, August 5 -9, 2024

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Keeping you in the know—the latest news from the Academy

Premium Drivers Infographic Released

Released alongside the annual issue brief, The Individual and Small Group Markets Committee released an infographic, "Drivers of 2025 Health Insurance Premium Changes—Effects on Premiums". The infographic breaks down, in easy-to-understand language, the factors that may drive health insurance premium changes for the 2025 plan year.

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Premium Drivers Issue Brief Released

The Individual and Small Group Markets Committee released an issue brief, Drivers of 2025 Health Insurance Premium Changes. The brief provides more details on the factors that are likely to drive health insurance premium changes in 2025 for plans operating in the individual and small group markets subject to Affordable Care Act rules.

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CPC and COPLFR Report to CASTF

Academy Casualty Policy Analyst Rob Fischer provided an update on the Casualty Practice Council (CPC) activities of interest to NAIC’s Casualty Actuarial (C) Task Force, including an update on recent publications, and anticipated releases from other CPC workstreams of interest to the NAIC.

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Update on the NAIC Generator of Economic Scenarios (GOES) Project

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Submitted by DHume on August 08, 2024
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Hear an update on the NAIC Generator of Economic Scenarios (GOES) Project, the NAIC's transition from the Academy's Interest Rate Generator (AIRG) to a new economic scenario generator. Speakers shared the latest on the project, now in its fourth year, and discussed some of the remaining decision points and challenges the project faces. 

Detailed discussion topics include: 

Drivers of 2025 Health Insurance Premium Changes

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Submitted by DHume on August 08, 2024
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Health insurers have submitted proposed premiums for 2025. When developing those rates, they considered a range of factors that could cause premiums for the next year to differ from this year’s. In this virtual briefing, members of the Individual and Small Group Markets Committee of the American Academy of Actuaries’ Health Practice Council highlighted these factors and discussed their potential effects on premiums.

Factors explored include:

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