Description: 1987 Valuation Actuary Symposium. This session addressed the task of designing a new NAIC model valuation law embracing the valuation actuary concept, the development of a new Academy SOP specifying how cash flow testing should be done, and SOA committee research to help the valuation actuary to do a better job.

Description: This session from the 1993 Valuation Actuary Symposium addresses professionalism of the actuary.

Description: This 1981 session concerned Actuaries and the Media. Topics included: 1. How do the media decide what is newsworthy? 2. What makes news, and how is it defined, both for the general public and a specific industry? 3. What makes news from the actuarial profession? 4. Why is a story news today but not news tomorrow? 5. What variables are involved in making news, and how do these change from day to day and from publication to publication? 6. How do the media cover public issues? 7. What do the media look for in interviews and background information? From Record of Society of Actuaries, Vol. 7, No. 2.

Description: Discussion of inflation: Causes and impacts and what the roles of actuaries might be to manage it.

Description: Speaker talks about how to deal more effectively with people. From the 1988 Record of Society of Actuaries, Vol. 14, No. 1.

Description: Panelists were members of the Actuary of the Future/Future of the Actuary Task Force of the Society of Actuaries [SOA]. They discussed the topics in their report to the SOA Board of Governors that related to a description of the current profession, the demand for actuaries in the 21st Century, what actuaries will be doing in the 21st Century, and implications for the selection, education, and training of actuaries. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: This Transactions section contains book reviews and summaries of recent publications. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: 2003 Valuation Actuary Symposium, San Diego, CA. In this open forum participants' questions were addressed by experts in the field. Some of the questions: 1. How does actuarial practice develop with regard to questions about interim results and asset-adequacy analysis projections? 2. If the present value measures used in typical asset-adequacy evaluation include a favorable adequacy opinion, are there patterns of interim results that under commonly accepted actuarial practice would require additional reserves to be established? 3. What is the most extreme stochastic modeling that you have seen? How many scenarios on how large a block, on how complex a model, on how many PCs or what type of computer that ran for over how many days? 4. Is codification retroactive? Does it impact any previous reserving methodologies put in place on policies issued before codification was effective? 5. What are your individual views on whether the federal government should provide a backstop to group or individual life insurance to handle terrorism catastrophes? 6. What are your thoughts are on the move toward stochastic methods for setting reserves?

Description: This 1981 session dealt with Influencing Legislation and Regulation including: I. The legislative and regulatory processes. 2. What are hearings? What is their purpose, and who participates? 3. A look at how an actuary can affect the process. From Record of Society of Actuaries, Vol. 7, No. 2.

Description: Experienced actuaries will discuss various ethical problems faced by retirement actuaries in everyday practice. Actuaries practicing in other consulting disciplines will find the broad concepts of dealing with these retirement-specific scenarios instructive in dealing with the ethical dilemmas that may occur in their business.