Description: In this translation of an original article by Oscar E. Velandia, the role of the actuary in the Colombian insurance market place in light of regulatory change is examined. A comparison with the rules from the Solvency II Directive puts the actuarial function into context. In addition, the new financial reporting requirements set forth by IFRS 17 and the involvement of the actuary in finance is described.

Description: Highlights a visit made by the President of the Society of Actuaries to the Far East. Specifically, he shares his learnings about the actuarial profession in Shanghai, Bejjing, Hong Kong and Taipei, locations that contain more than 6 percent of the SOA membership.

Description: An interview between Timothy Morant and Jinnah Cox. The chair of the reinsurance council discusses with the chair of the product development section, including personal questions and volunteering for the reinsurance section.

Description: This article discusses actuaries and their hobbies, in this case, sports cars.

Description: In this issue, Actuary of the Future editor Yuan Yuan invites Doug French, the managing principal of the Insurance and Actuarial Advisory Services practice of Ernst & Young LLP’s Financial Services Organization, to share about his experiences and views on the actuarial profession.

Description: The article provides insights about the need for revolutionary actuaries in Saudi Arabia due to the reform that is happening across the kingdom under all sectors. Then I talk briefly about the health sector and the transformation that is happing in the sector, and how qualified health actuaries can contribute to this health reform.

Description: This article discusses how the courts generally consider the same five factors when deciding whether to uphold the provision, and firms should carefully review and implement these factors into their limitation of liability provisions before a suit is brought.

Description: Headquarters having kindly sent the data, we are able to display the spread of new Fellows’ ages. The data is from 1981 and prior.

Description: This article describes the membership of the SOA outside of the United Sates. An informal count places the number of such members in active practice at 406.

Description: This is a book review of Charles L. Trowbridge's new monograph on the Fundamental Concepts of Actuarial Science. This monograph may help shape actuarial standards and principles for the next 100 years.