Description: A description of the changes that have been made to the pathway to FSA.

Description: It was an honor, for Dr. Tianyang Wang, Co-Eeditor of Expanding Horizons, to have this Fireside Chat had a great conversation with Dr. Guillen Guillen Estany in January 2023, and invited her for this featured Fireside Chat interview which resulted in a great conversation.

Description: A description of a new award for outstanding educators in actuarial science.

Description: S&P reissued a second Request for Comment (RFC) in May 2023 that proposed changes to their insurer capital adequacy methodology and assumptions, and suggested these proposed changes may become effective at the end of 2023. This paper is to highlight the notable changes between the current capital model criteria and the proposed model. We also discuss major changes from the first RFC and the second RFC, as well as several key items that still require enhanced guidance and clarification. Our analysis is based on information gathered from S&P's public comments, conversations with industry participants, and publications released by S&P Global as of July 2023 when this paper was written. Most U.S. life insurers are rated by S&P using their U.S. Life Statutory Capital model, while other insurers use the GAAP/IFRS Capital Model. Statutory financials will remain the starting point for U.S. life insurers under the proposed model, however there will be additional adjustments made to these numbers in an effort to create consistency and comparability with other accounting and solvency regimes.

Description: This article starts with the increasing attention that FP&A receives due to the implementation of new financial regimes and emphasizes the collaborative nature of FP&A. It then describes the roles that actuaries play in FP&A, the new demands for actuaries that we are observing, and suggests some best practices that we are seeing across the clients. This article targets to point out the new demands from FP&A on actuaries and provide some advice on how actuaries can do to meet these demands.

Description: This piece is on Risk normalization and looks to draw upon underlying ideas as to why in some cases, risks are under or over analyzed from an individual perspective in society. This piece is intended to make the reader think about what risks they partake in on a daily basis that may have been 'numbed' in some sense by societal normalization fo these risk. Conversely, readers also may be questioned with what risks have overplayed by society, in particular risks that have been over inflated by media and other driving factors.

Description: This article is an update on the No Surprises Act, which is a U.S. Act aimed to reduce the risk that a person unexpectedly receives out of network charges for their health care visits. This is Part 2; Part 1 was featured in Health Watch's Sept 2024 issue.

Description: An update on the activities of the JRMS Council.

Description: A compilation of reader responses is presented to a real life situation. This issue’s case study involved an actuary trying to add to staff, who encounters questionable behavior by a prominent actuarial recruiter. What the actuary actually did is shared after the compiled responses.