In response to a letter submitted by the Society of Actuaries (SOA) to the Committee on Qualifications (COQ) earlier this year, the COQ has sent a letter to the SOA regarding their request that the COQ modify Section 22.214.171.124 of the U.S. Qualification Standards at this time to include a reference to the SOA as a provider of property and casualty exams to meet the basic education requirements to sign the NAIC Property and Casualty Annual Statement actuarial opinion.
Speakers provide a series of vignettes demonstrating how to apply the Code of Professional Conduct and ASOPs with care and skill. Precept 3 and ASOP No. 41, Actuarial Communications, are used to showcase real-life scenarios. Speakers then discuss key takeaways and steps for heightening the level of professionalism in daily work, including documentation and communication.
The Academy’s Committee on Qualifications is pleased to provide a new professionalism tool to help actuaries gain a better understanding of which continuing education requirements apply to them. View the “Which CE Requirements Apply to Me?” infographic.
The Academy sent a letter to the National Association of Insurance Commissioners describing the many ways its mission aligns with regulators and their goals. The letter was sent in response to a request for comments to a discussion draft paper of the Joint Qualified Actuary (A/B/C) subgroup. As the home for actuarial professionalism, the Academy has long worked to serve both the public and the U.S. actuarial profession, describing this mission as “intended to support the objective of regulators to protect and assist the public.”
The Academy hosted a professionalism breakfast for regulators on August 24 to answer regulators’ questions on a range of topics including actuarial standards of practice (ASOPs), the counseling and discipline process, and how to respond to inadequate actuarial work. Academy professionalism representatives also presented to NAIC’s three primary task forces on the U.S. Qualification Standards, recently exposed ASOPs (including those on principle-based reserving and health care filings), and counseling and discipline activities. For more details, see the August 2013 Actuarial Update.
This webinar helps actuaries to learn more about the new information contained in the revised ASOP No. 1, Introductory Actuarial Standard of Practice. Effective June 1, 2013, ASOP No. 1 is a revision of the previous Introduction to the Actuarial Standards of Practice and includes new content as well as clarification of prior language.
Five years have passed since the U.S. Qualification Standards (QS) were last revised and effectuated. As such the Academy’s Committee on Qualifications (Committee) has decided to undertake a review to determine if there is a need to start the process of considering revisions to the QS. The Academy’s Board of Directors approved the Committee’s plans to begin this process and therefore the Committee is asking all actuaries and the public to provide comments. Learn more about what areas are of particular interest and how you can submit comments.
Presenters cover ASOP Nos. 46 and 47, relating to risk evaluation and risk treatment in enterprise risk management (ERM). They also discuss why ERM standards are needed and how actuaries should comply with them.
The Casualty, Health, Life, and Professionalism Councils sent comments to the NAIC’s Joint Qualified Actuary (A/B/C) Subgroup in response to its request for comments to a list of nine questions in anticipation of the Subgroup’s meeting at the NAIC Spring National Meeting on April 5, 2013.
This seminar is the primary source of instruction for actuaries who wish to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement but may not have met the specific knowledge requirements set forth in the U.S. Qualification Standards. See why so many of your peers find this seminar the most expeditious way to acquire basic education required to obtain health and life qualifications under Section 3 of the U.S. Qualifications. Register early: Seats are limited and fill up quickly!
The Council on Professionalism submitted an additional comment letter to the NAIC’s Joint Qualified Actuary (A/B/C) Subgroup at their request following their last open call on February 13, 2013, wherein the Council more concisely set forth the value of Academy membership and clarified information about the ABCD.
The Casualty, Life, Health, and Professionalism councils submitted comments to the NAIC's Joint Qualified Actuary (A/B/C) Subgroup on the subgroup's two new charges related to defining a "qualified actuary" and recommending a process to address "unprofessional" actuarial work.
This webinar discusses peer review and common practices actuaries can use to determine whether voluntary peer review of their actuarial services and actuarial communications may be beneficial.
You are invited to a special breakfast on Nov. 29 (7-8 a.m.) to meet with representatives from the Actuarial Standards Board, Actuarial Board for Counseling and Discipline, the Academy’s Council on Professionalism, and its Committee on Qualifications to learn how each operates. Attendees also can stop by to meet one-on-one with representatives during “office hours” (8-9 a.m.). Learn more!
The Casualty, Life, Health, Professionalism, and Financial Reporting Councils submitted comments to the NAIC’s Corporate Governance Working Group concerning the WG’s Proposed Responses to a Comparative Analysis of Existing U.S. Corporate Governance Requirements.
Speakers give an overview of Precept 13 and discuss how to consider applying it in a self-regulating profession. Several case studies are also included.
Register now and save $100 on your registration fee for the Life and Health Qualifications Seminar. This annual seminar is the primary source of instruction for actuaries who wish to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement but may not have met the specific qualification requirements set forth in the U.S. Qualification Standards. Don’t miss it—registration is limited to only 100 attendees!