Description: Much of enterprise risk management has its roots in portfolio management and corporate finance. The concepts of trading off risk and return and benefits of diversification are well understood and articulated in both the actuarial and economics fields, so I don’t believe there are significant knowledge gaps preventing actuaries from contributing to the field. In fact, actuaries may have an advantage in many situations where a large part of a firm’s overall risk arises from pension activities or other more typical actuarial risks.

Description: Discusses what a personal actuary is and what one typically does.

Description: In this article, the author talks about fulfilling his childhood dreams of becoming a baseball statistician. After 21 years as a life actuary, the last 14 as an investment specialist, the author decided to pursue that fantasy, although in a way he couldn’t have imagined as a teenager. He retired from his job and started an adventure as a fantasy sports analyst [which abbreviates, coincidentally, to F.S.A.].

Description: The author notes a concern for broad risk management in our society, which he names Societal Risk Management, as witnessed by the creation of the department of homeland security and suggests how actuarial expertise can help.

Description: The goal of the session was to provide actuaries with an overview of the experiences of being an independent actuary and several details to be considered when setting up your own business.

Description: This article summarizes a presentation at an SOA annual meeting session, “Opening Up Your Company to the Use of Actuaries in Nontraditional Roles.”

Description: This article is an interview with Phelim Boyle, an educator, actuary, PhD, author, financial engineer and recipient of the IAFE/ SunGard Financial Engineer of the Year Award and perhaps best known for his research into Monte Carlo methods.

Description: This article profiles Susan Pantely, an associate actuary for Milliman & Robertson in New York, who also dabbles in acting.

Description: The momentum in value-based care has produced an opportunity for actuaries to become pioneers in health care

Description: In this article, Sam Phillips interviews Charles McClenahan, who provides litigation support and expert testimony, primarily as a ‘pioneer’ in the field of casualty actuarial forensics. McClenahan describes the type of work he does, which includes ‘cases involving actuarial malpractice, insurance company solvency standards, anti–trust, intellectual property, fraud, voidable preference, damages modeling, applicability of actuarial standards, reinsurance collectability and, in one case, arson and murder.’