Description: The Stepping Stone issue 60, November 2015

Description: Cassie He and Linda Liu, two actuarial students, invite Mark Freedman, the President-Elect of SOA to share with us his experience as an actuary, the challenges and opportunities facing actuaries and the outlook for the profession as SOA president.

Description: Increasing uncertainties and volatility in financial as well as real goods markets increasingly reveal that controlling systems based on deterministic and pseudo-exact values are insufficiently eligible to manage the business activities. This raises the question how management systems can be modified to generate the adequate management impulses in volatile periods. Risk management deals from identifying, evaluating and aggregating chances and risks, which again determine the potential fluctuation range of relevant performance indicators. Everyday corporate life shows that risk management is considered important; but the corresponding processes to identify, evaluate and report chances and risks are seldom part of established decision criteria. This “paradox” lets assume that risks are managed in various differing and unsystematic ways. The combination of traditional controlling methods and risk management is not primarily a methodological challenge. The behavior of the whole organization, practiced over a long-year period, has to be transferred into a new corporate culture of transparent dealing with chances and risks. This paper describes the necessary change management process, which has to come along with necessary methodological modifications.

Description: Highlighting the new era in African opportunities and the broad range of areas where the skills of actuaries can be utilised to drive sustainable development.

Description: It is about what I learned from a survival training and how it is related to my daily life.

Description: Article The Actuarial Politician by McCrossan in The Actuary, December 1979, Volume 13, Number 10.

Description: This article provides advice and guidance to young actuaries looking to influence their leaders and senior management.

Description: Review of 2010 events and accomplishments of the Untapped Opportunities work group for the Health Section: market research analyzing the perceptions and potential roles of actuaries in the broader health care industry, educational programs on medical and clinical matters, planned research destined to expand brand awareness of health actuaries, and building organizational partnerships.

Description: Insights from chief accounting, legal and tax actuary on best practices for collaboration on product development and financial reporting.