Description: The National Association of Insurance Commissioners (NAIC) has developed the Group Capital Calculation (GCC) for U.S.-based insurance groups since late 2015. GCC is designed to provide a coherent analytical framework to show a panoramic, transparent view of the interconnectedness, business activities and underlying capital support for an insurance group. The last field testing was completed in May 2019. The final proposal was adopted in late 2020. The Federal Reserve Board (FSB) also recently updated the group capital standard to an aggregation method, which is similar to the NAIC GCC. The Insurance Capital Standard (ICS) is under the development by International Association of Insurance Supervisors (IAIS) for Internationally Active Insurance Groups (IAIGs). It has entered the five-monitoring period from January 2020 to monitor the performance of the ICS V2.0 and the IAIS will perform a comparability assessment of the ICS V2.0 with the Aggregation Method (e.g. NAIC GCC) during this period.

Description: 2021 Life Meeting - Session 8A: Use of Electronic Health Records in the Assessment of Life and Health Risks 9.1.21 Recording

Description: Newly elected members of the section council are introduced.

Description: 2021 ImpACT Conference - Session 1C: GREAT DEBATE: There Exists an Actuarial Profession: Yes or No 10.25.21 Recording

Description: 2021 ImpACT Conference -Session 8C: Insurance For the Next 100 Million 10.27.21 Recording

Description: In this article, the three new members of the Section Council are introduced.

Description: SARS-CoV2 will impact our post-pandemic future. Morbidity more than mortality will impact the life and health business in the mid-term. But how does this temporary disruption in health care elicit long-tail implications on other common diseases and changes in lifestyles? Find out how mid-term pricing could be affected using one case scenario and also show how mental health will particularly shape the post-pandemic future (individually and societal), not only due to long COVID. Review the experience of the insured policies and discuss future ideas for COVID-19 research at the Society of Actuaries Research Institute. Consider recent causes of death studies, as well as reported claims analyses to help expedite the analysis of recent experience. Join us where experts from both the medical and actuarial disciplines join forces to discuss this important topic.

Description: We stand for respect and equality. We are committed to doing all we can to ensure that our profession reflects the diverse perspectives, cultures and backgrounds of the members and candidates.

Description: People of color in the US have different cultural norms, like hierarchical orientation, relationship orientation, communication styles, and team orientation. For example, in certain cultures, communication is much more indirect, and relationships are much more personal, than in others. How do these norms impact organizational and leadership culture? What leadership and communication styles are valued at work, and how do diverse individuals navigate work culture with their own personal norms to create success for themselves and the organization? This session will explore how cultural diversity impacts organizational and leadership cultures.

Description: Introduction of new section council members.