Description: Sir Derek Morris carried out a review of the actuarial profession in the United Kingdom at the request of the UK government and reported in March 2005. This article starts with a reprint of an article originally published in The Actuary about the conclusions of the Morris report and continues with an update on what has happened over the 5 years since Morris reported.

Description: Phil Bieluch's probing editorial in The Actuary's Dec. 2004 issue asked, Are we comfortable with the assumptions underlying our calculation of pension liabilities on employer's balance sheets? Even if this isn't our responsibility? From The Actuary, April/May 2005

Description: The article discusses the sustainability of the ACA individual market from a public entitlement standpoint. A key point of measuring sustainability is the reliance on market forces rather than federal budget constraints. The article explains why an actuarial viewpoint of sustainability is necessary to a greater extent than other public assistance and social insurance programs. The article challenges actuaries to be a bold, objective voice in a space that is full of opinionated but often uninformed viewpoints.

Description: In this era of enterprise risk management, actuaries should reassess what we tell the public about what we provide. We should allow buyers to make informed choices based upon all the facts. We should recognize that regulatory and judicial forces will be focused on the products we produce for a very long time. This 2004 editorial from The Actuary Magazine discusses some common financial practices that are undergoing closer regulatory scrutiny.

Description: This is a presidential address to the Society of Actuaries by Walter Klem. From Transactions of Society of Actuaries 1955, Vol. 7, No. 19.

Description: This article focuses on the challenge of validation of quality data particularly with regard to outsourcing, reviews the standards of practice concerning data quality and the steps that can be taken to ensure data quality.