Description: 2021 ImpACT Conference - Session 3E: IQ + EQ = The Modern Actuary 10.26.21 Recording

Description: 2021 ImpACT Conference - Session 11C: Is Knowledge Power? How Preferences Influence Risk Judgements We Make 10.28.21 Recording

Description: 2021 ImpACT Conference - Session 12D: Going Global: Building an International Career from A North American Base 10.29.21 Recording

Description: 2021 ImpACT Conference - Session 12B: Revised ASOP 11: Are Life, Annuity, and Health Actuaries Ready? 10.29.21 Recording

Description: This letter from the President of the SOA finds that the changing nature of the risks our stakeholders face creates an opportunity for the actuarial profession, if our reactions meets their needs. From The Actuary, February 2012, Volume 9, Issue 1.

Description: The SOA and Milliman announce the completion of the first certificate program focused on measuring and managing climate risk for actuaries. The Climate Change Risk Certificate Program pairs the risk management acumen of actuaries with the interdisciplinary expertise necessary to manage the complexity of climate risk.

Description: COVID-19 brought changes that disrupted virtually everyone’s personal and professional lives. In April 2021, the Society of Actuaries (SOA) surveyed 26,101 members and candidates to understand the pandemic’s impact on actuarial careers. Approximately 7% (1,912) responded and included demographic information, 77% of whom were from the U.S., 14% from Canada and 9% from other countries.1 The SOA also analyzed actuarial exam progress at an aggregate level.

Description: The author expresses an opinion opposing specialization within FSA examinations explaining that such activity should occur after achieving FSA.

Description: The actuarial profession and our stakeholders in the insurance industry are in a unique position to help quantify and mitigate environmental risks via pricing and benefit incentives. Property insurance prices and benefits can encourage responsible and sustainable development. By developing insurance markets and making various types of insurance available in developing regions, which are disproportionately affected by environmental risks and hazards, we can provide protection that is critical for economic development. In spite of the risks posed by environmental issues to actuaries and our stakeholders, and in spite of the opportunities for actuaries and our stakeholders to address environmental risks, actuarial literature is limited with respect to such topics as: environmental risks, including natural disasters, pollution, clean air and water, degradation of the natural and human environment, resource depletion and sustainability, climate change and its consequences; local, national, regional and global efforts to address environmental risks; methods and models used by the scientific community to study environmental risks; methods and assumptions used to quantify the economic or financial risk associated with environmental hazards. This webcast will feature three of the papers addressing these topics that have been published so far in this series of twelve papers. The authors of the papers will present their topics and attendees will be able to participate with questions and answers.

Description: This presentation proposes a solution to the student actuarial paradox “I mastered the syllabus but failed the exam,” by utilizing the two-dimensional syllabus vehicle which pedagogically focuses on the two dimensions of content and problem difficulty. This presentation advocates the PMR characterization of three levels of problems difficulty: Plug-ins (easy), Monkey-wrench (intermediate), and Research-type(hard) questions. PMR was developed by examining difficulty levels in SOA exams, and problems of various software vendors. The author's students routinely score high on the SOA FM exam; it is hoped that these methods will assist other instructors in their quest for good pedagogy. Very briefly: “Plug-ins,” refer to multi-part problems, for example, calculating the price of an annuity that is first increasing and then level; “Monkey-wrench” problems specifically refer to plug-in multi-part problems where one component is a monkey-wrench, an issue the candidate has not previously encountered. It might be a non-typical modeling or it might be a non-typical algebraic simplification or it might be an unexpected integration of distinct modules in a manner that the candidate has not yet seen. “Research-type questions” refer to problems requiring some type of experimentation for example, looking at initial cases, seeing a pattern and then applying methods