The Medicare Committee released an issue brief focusing on the near and long-term financing challenges facing the Medicare program based on the 2023 Medicare Trustees Report.
The Life Valuation Committee submitted a comment letter to the National Association of Insurance Commissioners' Life Actuarial (A) Task Force (LATF) on the Valuation of Securities (VOS) Task Force’s referral to LATF on Bond Risk Measures.
Comment Letter to the NAIC LTC Actuarial (B) Working Group on Long-Term Care (LTC) Past Losses
The Long-term Care Reform Subcommittee sent a comment letter to the National Association of Insurance Commissioners (NAIC) Long-Term Care Actuarial (B) Working Group featuring an Academy issue brief, Long-Term Care Insurance: Considerations for Treatment of Past Losses in Rate Increase Requests (October 2018), in response to a working group concern about the lack of a consistent definition of “past losses” in the context of recoupment.
Keeping you in the know—the latest news from the Academy
Committee Offers Congress Newly Released Social Security Challenge Web Simulation to Support Public Dialogue
The Social Security Committee submitted an open letter to Congress introducing the Social Security Challenge, a web-based interactive simulation intended to inform, stimulate, and advance the public dialogue on Social Security solvency and the need for reform.
The Actuarial Standards Board and the Actuarial Board for Counseling and Discipline released their annual reports, which offer highlights of 2022 activities of the two entities housed within the Academy.
Members are able to make up to three nominations with the form below. Nominations will open Friday, April 18 and the deadline for submissions is Monday, May 19. For more information on the Nominating process, please review the Nominating Committee Guidelines and the expectations detailed below.
American Academy of Actuaries Board of Directors
Cover Your Assets: The Changing Asset Profile of Insurers and Implications for Actuaries
Attendees learned from members of the Academy’s Risk Management and Financial Reporting Council and Life Practice Council about the changes in the current environment that are resulting in more and more complex securities on the balance sheets of life insurers, the types of risks that these assets bring, and approaches actuaries can use to quantify those risks.
