Description: Crossword puzzle for the readers of Risks & Rewards newsletter.

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: Welcome to the future of insurance, for actuaries and non-actuaries! Discover how cutting-edge AI models are revolutionizing underwriting, risk assessment, and customer experience for the insurance industry. Experts in management consulting and actuarial consulting firms will provide valuable insights into the consideration and challenges surrounding the adoption of Generative AI.

Description: This paper proposes a new interpretation of probability, the quantum interpretation of probability, so named because it adapts certain of the principles of quantum mechanics. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: List of members for Committees on Mortality and Morbidity Experience Studies and Group and Self Administered Plans.

Description: This article discusses the shift of capital in the 1980s from traditional Whole Life Insurance to Universal Life, Term, Variable products and Managed Care. Restructuring in the insurance industry presents challenges and opportunities for actuaries. The author exhorts actuaries to be part of the solution by updating actuarial science and expanding into new areas.

Description: Should actuaries have a formal program for continuing education? This question has been asked, studied and debated at least since the early part of the decade. For many years, accountants, physicians and lawyers of many states have had continuing education requirements to retain their license to practice. Why not actuaries?

Description: Article discusses how to set your goals by asking 2 questions 1What do I want? and 2 What is important to me? These questions will help you to set your goals and make these goals more achievable.

Description: Request for letters to the editor of the Expanding Horizons section.