Description: Overview of SOA-sponsored seminars held in July 1978 in four cities to discuss current issues in the private sector relating to the new OASDI benefit formulas.

Description: This fact sheet about the Chartered Enterprise Risk Analyst 'CERA' designation describes the credential, the impact on businesses of having CERA certified personnel, and the CERA curriculum.

Description: Discussion of the impact of the ACA on RBS and required surplus for a health plan

Description: The costly, time-consuming and complicated process of enterprise risk management (ERM) can be improved in many companies and made less tedious for managers by using reasonable data and templates obtained from peer group entities. The models used to calculate economic capital (EC) often underestimate its value because they do not consider decision-maker perception about risk. We assume here that managers, as the decision-makers, have appropriate business understanding and they can provide substantial information about risk characteristics regarding all business processes. Therefore we are focused, in this paper, on collecting data from managers across the different businesses to derive the appropriate knowledge about risky events, the importance of particular types of risk, the relationship between the risk outcomes and the level of risk control in a particular industry. We conclude that the collected data has a high potential for use as a benc hmarking reference and analysis for improving ERM models for individual businesses.

Description: This dialogue discusses the history and purpose of section 811(a) and its historic role in the computation of life insurance company taxable income and, in particular, reserves.

Description: This article from The Actuary, November 1996, Volume 30, No. 9 discusses the value of the actuary. What is our value to our publics? Is it in sheepishly agreeing with statutory impositions -pension plans are a social good that should have favored status as long as they pay their fair share - or is it in sticking to, then clarifying and explaining, our principles regardless of the penalties? Our corporate agreement with the notion that there are “individually realistic actuarial assumptions.”