Description: This article discusses the shift of capital in the 1980s from traditional Whole Life Insurance to Universal Life, Term, Variable products and Managed Care. Restructuring in the insurance industry presents challenges and opportunities for actuaries. The author exhorts actuaries to be part of the solution by updating actuarial science and expanding into new areas.

Description: Should actuaries have a formal program for continuing education? This question has been asked, studied and debated at least since the early part of the decade. For many years, accountants, physicians and lawyers of many states have had continuing education requirements to retain their license to practice. Why not actuaries?

Description: This is the first article in a newly announced Q&A feature which provides answers to questions from readers about the E&E Program, from the Education and Examination Committee.

Description: The author expresses an opinion opposing specialization within FSA examinations explaining that such activity should occur after achieving FSA.

Description: This article, the second of a two part series, examines the jai-alai results which would be expected if all teams had equal ability, and then contrasts these expected results with actual experience. The first part of this series was published in the November 1983 issue.

Description: This is an interview with Competition Editor, Charlie Groeschell, who designs the Actucrostic puzzles for The Actuary.

Description: In this article the author cautions against the temptation to extend stochastic modeling into areas of unpredictable parameters and probabilities. He challenges actuaries to rely on their own judgment.

Description: This article discusses how the refereeing process for Transactions articles, which has been in place for some time, is being changed.

Description: In this article, the incoming president of the SOA article discusses the centennial year of the profession in North America, our accomplishments and the challenges we face.

Description: The SOA basic education has seen dramatic changes. The education system curriculum for pension actuaries has changed so much with the recent introduction of the Flexible Education System FES that actuaries who qualified only a few years ago will find the difference dramatic.