Technology makes it possible to communicate with someone at the other side of the world. Countries such as China and India are producing many qualified, English-speaking actuaries every year. As actuaries, how do we survive and succeed in the upcoming competition? Is the threat real? As company leaders, how can we increase efficiency and reduce operating risks? Can outsourcing be used to benefit both the company employees as well as the company’s bottom line? Speakers will provide real-life examples and experienced insight. At the conclusion of the session, attendees will understand the impacts of globalization to themselves, their organization and the profession. They should be encouraged to develop more portable skills, delegate tasks and facilitate communication.

Cassie He and Linda Liu, two actuarial students, invite Dave Pelletier and Mark Freedman to share with us their career experience and insightful views on the future of the actuarial profession.

This paper reports on a pioneering study comparing different statutory reserve, solvency, and early warning systems in a sample of countries and regions in three of the world’s important economic regions—Asia, North America, and Europe. The results are analyzed as a comparative study of the People’s Republic of China’s total assets required for the reserves and solvency margins under the practices of other jurisdictions. Early warning systems also are discussed From NAAJ, January 2002, Volume 6, Number 1.

This is a presentation from the 2010 ERM Symposium 4/12-4/15/2010 Concurrent Sessions DM–Decision Making. A risk–based regulatory and management framework is being adopted in several countries around the world. This panel will illustrate the implementation of such a framework, with emphasis on optimizing decision-making, giving practical.

This presentation will discuss the current state of the Asian countries, including the Indian and Chinese insurance markets, and their future potential.

In this session, members of the Climate Index Working Group explain the collaborative research efforts underway to address the potential impacts of climate change and discuss the results to date. They will also explain the development of the Actuaries Climate Change Index.

This session serves as a continuation in the interest of serving as an interactive discussion with the audience and panelists on issues discussed under Session 38 OF, “Long-Term Financial Planning: Challenging Old Paradigms—Part 1.”

The session will include an analysis on changes in European, Asian and North American solvency regimes and how they are shifting toward a risk-based approach. The session will not only discuss challenges in congruency, but also key distinctions across individual markets.

This session will summarize some of the key thoughts and takeaways from key thought leaders who attended the summit. Attendees will be able to utilize current thought leader insight to apply toward decision making as regarding future financial forecasting.

This paper is an overview on two interesting papers focusing on potential implications of aging populations in various sectors of the developed world. Robert Brown focuses primarily on Canada and the United States Thomas Trauth on a broader set of OECD countries. From NAAJ, January 2001, Volume 5, Number 1.