This video by Aree Bly, emphasizes that while actuarial exams prioritize unambiguous problems, real-world technical work is inherently ambiguous, requiring professionals to resolve what they can and thoughtfully navigate what remains. Using ASOPs as a foundation, it highlights transparency, documentation, and professional judgment as essential tools for managing ambiguity in data, models, and regulations. The speaker advocates for pragmatism over perfection—knowing when data is “good enough,” favoring simplicity and triangulation in models, and acting thoughtfully amid regulatory uncertainty. Ultimately, the message is that successfully navigating ambiguity is a critical professional skill that enables timely, defensible decisions and long-term career sustainability.
Contributors: Aree Bly; Jon Forster, ASA, MAAA