Description: The world is changing at an increasing pace and is disrupting everything from how one orders goods and services to how they take a taxi or Uber. Increasingly, this disruption is affecting the work of actuaries. Moreover, actuaries are being asked to provide more value-added services. Not only is this requiring actuaries to leverage exponential technologies not traditionally used in the insurance industry, but it is also impacting the types of staffing and training models utilized by actuaries. With a broader trend to alternative workforce arrangements, such as the gig economy and crowdsourcing, how will actuaries transition to this new future of working? What are the different types of off-balance sheet workers? How can companies create a strategy to deal with the hybrid workforce that involves different types of workers, cross-country borders, and other changes? This session will outline how actuaries and actuarial functions can successfully prepare themselves for this change.

Description: A roundtable discussion of changes in the nature of actuarial work and the skills actuaries will need to be successful in the future.

Description: The approach of the year 2000 creates a millennial fascination which causes man to ponder his past, to assess his present, and to peer into his future. This study of the actuarial profession looks upon those design-steering aspects which can lead to a greater future. Although this work adopts the standpoint of a life company actuary, it views the entirety of the profession. All actuaries are bound up in essentially the same future. This study may have special interest to a young person contemplating the actuarial profession as a career. Consequently, an effort is made to consider the subject over the projected career of such a person- roughly to the year 2020. From Transactions of Society of Actuaries 1974, Vol. 26, Pt.1, No. 76.

Description: This article studies the syllabus as a dynamic, interactive teaching tool that informs and is informed by both solutions of complex course problems and student difficulties with these problems.

Description: This is the presidential address by former SOA president, William A. Halvorson. From Transactions of Society of Actuaries 1978, Vol. 30.

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: Describes the characteristics employers look for in actuaries-with the theme that all start with the letter C.

Description: This article summarizes the treatment of changes in the basis for determining life insurance tax reserves under prior law and describes the changes enacted by the Tax Cuts and Jobs Act. It further explains the procedures for changing the basis of computing reserves under the new rules as outlined in Revenue Procedure 2019-10, the IRS’s December 2018 guidance on the subject, and discusses the uncertainties that remain.