Description: In September 2005, the AICPA issued SOP 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts. The SOP provides accounting guidance for DAC on internal replacements of insurance and investment contracts other than those specifically mentioned in FAS 97. Article discusses implementation issues.

Description: Discussion as to whether within an organization an actuary's regulatory role can conflict with his business-oriented role or be aligned with the strategic goals of the company.

Description: Article on the need for continuing education for actuaries

Description: In this article, the author reflects on the discipline process used by the Canadian Institute of Actuaries and offers suggestions for improvement.

Description: By definition, actuaries are preeminent in making actuarial analyses. Nevertheless, in some areas, such analyses can be adequately performed by persons from other professions, such as economists and statisticians. This article describes the misuse of life expectancy data by the Heritage Foundation when they 'calculated' that low-income, single African-American males born after 1959 face a negative rate of return from Social Security. Unfortunately, this misinformation was widely disseminated through the news media and Web sites.

Description: The December 2013/January 2014 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: The article talks abouts the launching of ActuET in Tunisia. ActuET is a new born student association which tend to promote actuarial sciences in Tunisa

Description: Presented at May 2002 Spring Meeting. This session covers the AICPA's proposed statement of position on accounting and reporting by insurance enterprises for certain nontraditional, long-duration contracts and for separate accounts. It requires new GAAP reserves for certain variable annuities with guaranteed minimum death benefits 'GMDBs'.

Description: This session from the 1992 Valuation Actuary Symposium reviews the appointed actuary concept, the actuarial opinion and asset adequacy analysis as they apply to health insurance and expresses the views of one regulator on the subject and one actuary in terms of the actuarial standards of practice.

Description: This article reviews the new standard of practice, ASOP 6, and its impact on the actuarial assumptions that actuaries use for valuations of retiree group medical and life benefits.