Description: Third installment in a series of articles applying Buddhist principles to the challenges that actuaries face in applying their craft. The themes are adapted from the book "Awake at Work", by Michael Carroll. This particular installment covers the concept of "li" to the compliance aspects of an actuary's work, moving beyond minimum or literal compliance to a work product that provides multiple uses and meets a much higher standard

Description: 1987 Valuation Actuary Handbook: Chapter 1: Addresses life insurance company statutory reserve valuation.

Description: Shapiro 1990 documented some of the criteria used by actuaries when selecting the assumptions for actuarial valuations. He noted, however, that many of these criteria are often were in conflict with one another. This paper uses expected utility theory to model this process of choosing actuarial assumption when faced with potentially conflicting criteria. The three criteria considered are prudence, best estimate and conservativeness.

Description: This article discusses challenges that short-term predictions have on actuaries' reputations, both as individuals and as a profession, and discusses strategies to improve our professionalism and better manage this risk.

Description: Based on April webinar, develops nine guidelines for setting assumptions.

Description: What does “accountable” mean? You will see how the accountability culture can transform spectators into protagonists following the Four Steps to Accountability.

Description: Presented at May 2005 Spring Meeting. Panelists discuss currently available data standards, forecasts about the future uses of data standards, and standards being adopted by Information Technology departments.

Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: Details of Actuary of the Future Section sponsored skills development webcasts in 2014.

Description: A presentation of various views on establishing principles and practices for pension plan construction and valuation, in light of the passage of the Pension Reform Act. Presented at the Spring 1975 Meeting in Los Angeles.