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: 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: Chairperson's Corner discussing actuarial principles and what we as actuaries value in our work.

Description: The article discusses what actuaries mean by "acting in the public interest." While the article is focused on the U.S. environment, it includes materials describing how other actuarial organizations are addressing this critical issue. The article concludes with observations that explaining to the public what the actuarial profession means by "acting in the public interest" is important for both the public and the members of the U.S. actuarial profession.

Description: Actuaries and the Actuarial profession have an obligation to act in the public interest. It is not enough to pass exams, keep current and do "good actuarial work.” Both Science and public service must be reflected in all of our activities...The intent of this article is to clarify what "acting in the public service” means for actuaries, particularly U.S. actuaries. It emphasizes the importance (necessity) of examining the "public interest" in everything we do ... and to warn the public where we have concerns. ...Acting in the public interest (a requirement for any profession or professional, is critical to the profession's future reputation and relevance.

Description: A review of the development and responsibilities of the "appointed actuary" for Canadian insurance companies and other designated roles in Canada.