This Week, May 14-18, 2012

Recent Academy Activity, May 14–18, 2012

Academy News

Member Alerts

  • Pension: The Pension Practice Council provided its actuarial perspective to the U.S. Congress on the Senate-passed pension funding stabilization language currently being considered by conferees as a rider attached to a surface transportation bill. Log in to read the full alert.

  • General Insurance: The Actuarial Soundness Task Force issued a public policy special report, Actuarial Soundness. Log in to read the full alert.

Website: New Postings

  • The Health Practice Financial Reporting Committee sent comments to the Actuarial Standards Board on revisions to ASOPs 22 (Statements of Opinion Based on Asset Adequacy Analysis by Actuaries for Life and Health Insurers) and 28 (Statements of Actuarial Opinion Regarding Health Insurance Liabilities and Assets).

  • The Life Financial Soundness/Risk Management Committee submitted a VM-01 amendment to the NAIC Life Actuarial Task Force regarding definitions in the Valuation Manual.

  • The Life Practice Council submitted comments to the NAIC Blanks Committee on the committee’s proposal relating to annual statement requirements (proposal 2012-04).

  • The Life Financial Soundness Risk/Risk Management Committee presented its findings of a simplified approach for mortality assumptions to the Life Actuarial Task Force. The committee also presented a comparison of the impact of mortality loads.

Recently Released Publications

  • Retirement Account, Second Quarter: Read about the Academy’s public policy activities in the pension arena in the latest edition.

Upcoming Events

  • Date for the next Council on Professionalism webinar announced: June 25.


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