Professionalism: How Can Smaller Insurance Company Actuaries Prepare for Principle-Based Reserves Webcast

Date

March 16, 2016

  • Professional Values

Presented by

Smaller Insurance Company Section

Description

Presenters in this webcast will discuss the key Actuarial Standards of Practice, the American Academy of Actuaries Practice Notes, as well as certain requirements for the Principle-Based Reserves (PBR) for life products. An actuary has a moral and ethical responsibility to all who may be affected by their work and therefore it is important to review the Actuarial Standards of Practice in the context of any new area, such as PBR. This webinar will help actuaries, especially smaller insurance company actuaries, and actuaries that consult for or audit smaller insurance companies, prepare for the professionalism aspects of PBR.

The webcast will feature:

  • Characteristics of the timeline for implementation of PBR
  • Actuarial Standards of Practice affecting PBR
  • American Academy of Actuaries Practice Notes affecting PBR
  • How these standards apply to certain requirements of the PBR regulations

The webcast will also include time for discussion on questions from the participants.

Back

Legend

Communication

Demonstrating the listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings.

Professional Values

Adhering to standards of professional conduct and practice where all business interactions are based on a foundation of integrity, honesty and impartiality.

External Forces & Industry Knowledge

Identifying and incorporating the implications of economic, social, regulatory, geo-political and business changes into the design and delivery of actuarial solutions.

Leadership

Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal.

Relationship Management & Interpersonal Collaboration

Creating mutually beneficial relationships and work processes toward a common goal.

Technical Skills & Analytical Problem Solving

Applying the actuarial knowledge, skills and judgment required to provide value-added services.

Strategic Insight & Integration

Anticipating trends and strategically aligning actuarial practice with broader organizational business goals.

Results-Oriented Solutions

Providing effective problem solving that addresses relevant interests and needs.