Description: Neil Brougham, chairman of the CPD Committee, welcomes the new certificate in practical financial economics CPFE.

Description: From the 1985 Valuation Actuary Symposium. A discussion of the principles that should be part of a life insurance valuation. Also discussion of emerging actuarial professional standards of practice and regulatory requirements with respect to methodology for assessing reserve adequacy.

Description: Schaumburg, IL, June 23, 2022 – The Society of Actuaries (SOA) has recognized Nanyang Technological University in Singapore and the University of California, Santa Barbara (UC Santa Barbara) in the U.S., as Centers of Actuarial Excellence (CAE). These two universities join the ranks of 35 other CAEs around the world.

Description: Discusses: the Faculty of Actuaries Centenary celebration in Scotland and experiences visiting actuarial meetings in the US and Canada, special interest groups and their role within the SOA vs. autonomous organizations, professional conduct and ways in which qualified actuaries can be determined for public interest representation, the exam syllabus, and operations research.

Description: Own risk and solvency assessment (ORSA) is emerging as a requirement for insurance companies in many countries. Enterprise risk management is also being used in banking and other industries. This provides an opportunity for actuaries to expand further into other industries, especially with the CERA credential.

Description: Presented at May 1996 Spring Meeting. This teaching session covers course F-585 in the exam materials, which is intended to provide background for the actuary who aspires to become the chief financial officer of a financial institution. It addresses raising capital and financial management.

Description: Author asserts that actuaries are arguably better at analyzing and interpreting risk than any other professional. The exhaustive exams teach us how to manage risk, not eliminate it. If the profession is to continue to flourish, it will be vital to take this idea and apply it to one’s career too.

Description: Brief description of the actuarial profession in Switzerland, the success story of the Swiss Solvency Test (SST), and some features of the insurance market.