The Academy again attended Canada’s Actuarial Students National Association (ASNA) 2020 convention in Niagara Falls, Ontario, last weekend. Academy President-Elect Tom Campbell gave a presentation, “What You Need to Know about Qualifications in the United States,” which included information about what students need to know to be qualified to practice in the United States, which professionalism rules apply, and how the U.S. disciplinary process works, with frequent references to the similarities between the Academy and Canadian Institute of Actuaries (CIA), the national associations in their respective countries. Academy staff member Claire Mickelson also gave the presentation in French.
The Academy hosted an exhibit booth, at which Campbell and Academy staff answered attendees’ questions about the Academy’s essential role as the U.S. national association in establishing standards of conduct, practice, and qualification for actuaries practicing in the United States. They encouraged students interested in practicing in the United States to be knowledgeable of the need to comply with applicable U.S. standards.
IRS Announces Renewal Season Open for Enrolled Actuaries (EAs)
The IRS has opened the renewal season for enrolled actuaries for the April 1, 2020–March 31, 2023, period. The Joint Board for Enrolled Actuaries (JBEA) has asked the Academy to help publicize the re-enrollment period. For details on the renewal form and instructions, click here.
Early Discounts Available Through Jan. 31 for 2020 Enrolled Actuaries Meeting
Don’t forget to register for the 2020 Enrolled Actuaries Meeting, to be held March 29–April 1 in Washington, D.C. Jointly sponsored by the Academy and the Conference of Consulting Actuaries (CCA), the 45th annual EA Meeting will follow the new format introduced in the past few years, with shorter sessions on key retirement and pension issues that will provide you with more EA credit opportunity. Academy and CCA members who register online or postmark their registration by Jan. 31 will receive the discounted rate. Register today.
P/C Loss Reserve, Life & Health Law Manuals Available
Two Academy law manuals are now available online for immediate purchase and download.
The P/C Loss Reserve Law Manual is designed to help appointed actuaries know the requirements for specific statements of actuarial opinion. The manual contains a compilation of insurance laws relating to P/C loss and loss expense reserves for all 50 states, Washington, D.C., and Puerto Rico. Users can directly access each jurisdiction’s laws, making it a useful reference tool for actuaries. Order today.
The Life and Health Valuation Law Manual contains information to help appointed actuaries know the requirements of the NAIC model Standard Valuation Law and the Model Actuarial Opinion and Memorandum Regulation. It includes a concise summary of the valuation laws (and NAIC regulations) of all 50 states, the District of Columbia, and Puerto Rico. Order today.
Public Policy Activity
The Longevity Risk Task Force sent a comment letter on the proposed longevity risk charge to the NAIC Life Risk-Based Capital (E) Working Group.
The Solvency Committeesubmitted comments to the International Association of Insurance Supervisors (IAIS) regarding IAIS’ Draft Application Paper on Liquidity Risk Management.
Public Employment Opportunities
The Connecticut Insurance Department is seeking a P&C insurance actuary. This role will support the P&C needs of the department in financial analysis, field exams, NAIC committees, and other product management support. The posting closes on Feb. 14. For more information and to apply, click here.
The New Mexico Office of Superintendent of Insurance is seeking a full-time credentialed health actuary with at least three years of actuarial experience. The position is in the Santa Fe/Albuquerque area. For more details, click here.
SAVE THE DATE—Academy Annual Meeting and Public Policy Forum, Nov. 5–6, Washington, D.C.
In the News
A subscriber-only A.M. Best story reported on the Academy’s newly released Actuaries Climate Risk Index, which provides results associating dollar estimates of property losses in the United States with changes in extreme weather.