Description: Over the past year the actuarial profession, led by the Society of Actuaries, has taken a step back to review the role of the actuary in today’s global economy. In doing so, the actuarial profession has decided to reposition the “actuary brand.”

Description: This paper responds to comments on a proposed compulsory savings program combined with transparent investment vehicles designed to promote competition based on expense levels, fund performance and customer service. At retirement 50% of the account is annuitized in Participating Variable Annuity (PVA) backed by TIPS. All investment experience, expenses, and pooled longevity experience is passed to annuitants through periodic benefit adjustments. Annuities are priced uniformly based on age at commencement.

Description: Society of Actuaries' Hong Kong Ambassador’s Report, discussing the primary objectives of the 1998 activities launched in China

Description: This article contains a condensed summary and excerpts from a recent white paper regarding the Individual Mandate.

Description: Announcement of changes to the LTC Section, and a preview of the articles in the December 2009 issue of Long Term Care News, with topics including Health care reform and LTC vs. Medicaid.

Description: Social Security poses a substantial financing challenge for the future, largely due to demographic changes. This article explores the reasons behind this issue and possible changes that will be needed in the future.

Description: A look at the Alzheimer’s Disease epidemic — demographics, diagnostic testing, risks, research and where to find support.

Description: Written from a regulatory perspective, the article covers the purpose of regulation and some regulatory expectations. The topics include the appointed actuary's involvement in corporate governance, reasonability of results when compared to prior results, data quality, familiarity with the company's annual statement and applicable statutes, and areas where appointed actuaries can add value though services provided to smaller life insurance companies.

Description: President Smith's speech focuses on the need for actuaries to be better spokepeople and advocates for good sound improvement in social programs like Social Security, Medicare and Health Care reform.