The Life Practice Council’s PBR Implementation Work Group is planning a 2023 webinar series on principle-based reserving (PBR) issues. It will kick off with the March 15 “PBR Boot Camp: Governance and Reporting,” which will offer an introduction to VM-20 and VM-21 and cover model and governance and NAIC reporting improvements. Following, on April 19 and 26, will be a two-part discussion on asset modeling, which will cover hedging, reinvestment mix, recap governance, VM-20, reinvestment decisions, GA vs. SA modeling, stochastic scenario generation, and prescribed assumptions. Registration will open soon.
Don’t Forget—P/C, Life & Health Law Manuals Available
The Climate Change Joint Task Force sent a letter to the U.S. Global Change Research Program regarding the draft of the Fifth National Climate Assessment. The letter provided insights from the task force on climate trends, including a discussion on the Actuaries Climate Index—co-sponsored-by the Academy—and discussed health impacts from climate and climate related financial disclosures.
Webinar price adjustments take effect Feb. 1—As part of an ongoing investment in the Academy’s technology platform and strengthening educational programs offered by the Academy, prices for webinars will be adjusted to $55 for members ($110 for non-members) and $500 for groups. The changes will take effect Feb. 1. On-demand recordings for all Academy webinars will continue to be made available free of charge for Academy members. Visit the Events Calendar for the latest updates to past and upcoming Academy offerings.
Coming Next Week
The January Actuarial Update, out next week, includes a report from the Academy’s recent Board meeting; the Bureau of Labor Statistics will be reaching out to health insurance companies as part of its gathering of producer price index data; and a “Professionalism Counts” column discusses the new COPR professionalism paper.
The 2022 edition of The Record—the Academy’s annual report to the membership and the public—will also be released next week. This informative volume recaps the work of Academy volunteers over the past year in serving the public and the profession.
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