Description: Increasing uncertainties and volatility in financial as well as real goods markets increasingly reveal that controlling systems based on deterministic and pseudo-exact values are insufficiently eligible to manage the business activities. This raises the question how management systems can be modified to generate the adequate management impulses in volatile periods. Risk management deals from identifying, evaluating and aggregating chances and risks, which again determine the potential fluctuation range of relevant performance indicators. Everyday corporate life shows that risk management is considered important; but the corresponding processes to identify, evaluate and report chances and risks are seldom part of established decision criteria. This “paradox” lets assume that risks are managed in various differing and unsystematic ways. The combination of traditional controlling methods and risk management is not primarily a methodological challenge. The behavior of the whole organization, practiced over a long-year period, has to be transferred into a new corporate culture of transparent dealing with chances and risks. This paper describes the necessary change management process, which has to come along with necessary methodological modifications.

Description: Cassie He and Linda Liu, two actuarial students invite Dave Pelletier, an actuary with 38-year experience to share with us his career experience and his insightful views on the future of the actuarial profession.

Description: The author offers advice on maintaining your value and effectiveness which could be negatively impacted by an environmental change and presents a change management model that can be used for self evaluation in handling change and for development of the skill in helping others deal with change.

Description: The latest installment in a series that applies Buddhist principles to actuarial practice. This particular installment focuses on the author's recent experience in recovering from serious injury, the lessons from Buddhism learned during that process, and the parallels of healing to the challenges actuaries face when businesses or processes are "broken".

Description: Article from The Actuary, October 1971 – volume 5 - Issue 8 is a copy of the text from a workshop on The Future of Life Insurance presented by George R. Dinney. Mr. Dinney discusses the evolution of the actuarial profession beyond its life insurance roots and asks questions about the role of the actuary in tomorrow's society.

Description: This is a presidential address to the Society of Actuaries by Gary Corbett. From Transactions of Society of Actuaries 1988, Vol. 40, Pt. 1.

Description: This is a presidential address to the Society of Actuaries by Robert T. Jackson. From Transactions of Society of Actuaries 1977, Vol. 29.

Description: Summary of the Key Note address at the 1982 Annual Meeting of the Society of Actuaries by Dr. George H. Labovitz. Dr. Labovitz's topic was Participatory Management: a management style that involves personnel at all levels to influence direction and decisions.

Description: A professional speaker talks about metanoic organizations – organizations in which everyone believes that they are in charge of their future. From the 1987 Record of Society of Actuaries, Vol. 13, No. 2.

Description: This session from the 1995 SOA New York City Meeting discusses the re-engineering process as it is being undertaken in many companies, how it is applied to the actuarial function, and how technology can be used to facilitate the change. From the Record of the Society of Actuaries, Vol. 21, No. 2.