Description: Provides an overview of SFAS 60, 91, 97, and 120 and the importance of U.S. GAAP for Asian insurance companies with a country by country analysis.

Description: The objective of this statement of principles is to articulate the current understanding of the significant principles that form the scientific framework underlying all areas of actuarial practice. The intended audience includes practicing actuaries, researchers and others, such as representatives of standard-setting organizations. This articulation is not immutable and should be revised if changes arise in our understanding of the key concepts and phenomena relevant to actuarial science, or if a better expression of the ideas is developed. This statement is the culmination of an effort that begin with the October 1991 draft by the SOA Committee on Actuarial Principles entitled “Principles of Actuarial Science. After incorporating numerous comments, that statement was published in Transactions of the Society of Actuaries XLIV, 1992.

Description: This session from the 1994 Valuation Actuary Symposium covers professional standards and the appointed actuary.

Description: This presentation is a panel discussion, session number 26PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The Enron scandal is likely to result in a more transparent disclosure of balance sheet liabilities. The panelists provide a professional/legislative update and offer pragmatic tips to valuation actuaries about how to respond effectively to increased scrutiny. They discuss the Corporate Accountability Act and the increased oversight of the accounting profession that will result, and the implications for actuaries working in accounting firms. They emphasize the importance for actuaries to be aware of the higher standards of independence and the need to follow actuarial standards of practice. Discussion from participants is included.

Description: Topics: Financial strength issues related to formation of new companies, and content of SOA's spring programs and discussion rules.

Description: Presented at June 1986 Spring Meeting. This discussion is about the work of the committees of the Society of Actuaries and American Academy of Actuaries in advancing the role of the valuation actuary: Current status of the valuation actuary movement, Standards of practice, Qualification requirements, The valuation actuary in Canada.

Description: Session about the structure of education committees of the Society of Actuaries, for basic and continuing education, and the future outlook for education. From the 1975 Record, Vol. 1, No. 4.

Description: These are obituaries for members which had passed away between October 1974 - August 1975.

Description: Three industry actuarial experts respond to pre-submitted and from-audience questions regarding the future of the valuation actuary, and statutory and GAAP accounting issues. Session 30OF of the 2005 Valuation Actuary Symposium.

Description: Panelists were members of the Society of Actuaries [SOA] Education and Examination Committee, who discuss their proposal for several changes in the SOA's method of educating and qualifying actuaries. These proposed changes are collectively called Future Education Methods [FEM] and Flexible Education System [FES], and they are described in a White Paper on FEM which the Society has distributed to the membership. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.