The January Actuarial Update leads with the Academy Board of Directors’ 2024 priorities, including member- and employer-value initiatives and the evolving role of membership requirements, DEI initiatives, and the Pension Practice Council’s name change to the Retirement Practice Council. Also, it’s time for Academy volunteers and interested parties to submit annual COI/CE acknowledgments, the Academy engaged with actuarial students from Canada and Mexico, and the “Professionalism Counts” column took a deep dive on the ASOP No. 7 exposure draft, for which comments are due June 1.
Contingencies Web Exclusive: ‘Using AI to Test AI’
Contingencies’ new web exclusive, “Using AI to Test AI,” covers generative AI technologies like ChatGPT that innovative companies are rolling out and explores how the banking, financial services, and insurance industries can effectively leverage these cutting-edge tools. Looking for more on AI?—Read all about it in Contingencies’ “Topics in Focus” AI section.
New Actuary Voices Features IABA Past President Monique Hacker
As we mark Black History Month, a new Actuary Voices episode features a conversation with Monique Hacker, a former president and current Board member of the International Association of Black Actuaries (IABA). Hacker discusses how she entered the profession and became involved with the IABA. Learn more about the important work of the IABA in support of advancing and strengthening the diversity of the profession as we celebrate Black History Month. You may subscribe and listen to Actuary Voices wherever you get your favorite podcasts.
Public Policy in Focus
The Economic Scenario Generator Subcommitteesubmitted comments to the Life Actuarial Task Force (LATF) on the Dec. 12 exposure of the updated Generator of Economic Scenarios (GOES) Targeting Criteria and Evaluation Statistics.
The Life Valuation Committeesubmitted a comment letter to the Life Actuarial Task Force (LATF) on the re-exposure of APF 2023-12 concerning equity return volatility in VM-30 cash-flow testing.
The Public Plans Committee released Introduction to Service Purchases for Public Pension Plans, a practice note considering a variety of service purchase programs that can be found across public-sector pension plans, as well as plan administration topics that actuaries should be aware of when working with them.
Nov. 4–7 [Seminar] Life and Health Qualifications Seminar, Arlington, Va.
Dec. 9–10 [Seminar] Seminar on Effective P/C Loss Reserve Opinions, New Orleans
Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and recordings.
Place Your Order—P/C, Life & Health Law Manuals
Academy law manuals are now available to order:
The P/C Loss Reserve Law Manual includes statements of actuarial opinion (SAO) requirements and laws and regulations establishing those requirements; and instructions for property/casualty SAOs, title loss, and loss expense reserves.
The Life and Health Valuation Law Manual includes a current topics section outlining key valuation developments and specific state guidance; NAIC model laws and regulations that have an effect on reserve calculations; a discussion of generally distributed interpretations; and actuarial guidelines from the NAIC Financial Condition Examiners Handbook.
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