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

Description: The actuarial profession is marching into the age of Big Data. Increasingly, employers in various actuarial fields are requiring new hires to have sophisticated knowledge in statistics and data science. To meet the new demands from the industry and the profession, one of the key additions to the SOA’s new curriculum is an exam in Statistics for Risk Modeling (SRM) which includes modern statistical and data science techniques. There is also a new proctored project on Predictive Analytics, as a capstone requirement following the completion of the SRM Exam. At the University of Toronto, we recently underwent a major actuarial science curriculum redesign, in order to stay current with new trends and demand from the profession and in line with the new professional curriculum.

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.

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: This short note discusses creativity in the context of actuarial science, and how to cultivate it. We first attempt to define creative thinking as opposed to procedural thinking or memory recall. We then describe concrete examples of actuarial projects that promote deeper thinking. We also address why creativity is needed and how to make sure our students are able to communicate their creative ideas effectively.

Description: This literature review provides insights on emerging technologies that interact with the actuarial profession within the space of microinsurance for the purpose of establishing a frame of reference for actuaries to use in their work. Furthermore, it intends to spark readers’ interest in, and create a vision for, how microinsurance and its associated technologies may impact the actuarial industry in the future.

Description: Explore how certain actuarial roles should be reserved under defined benefit plans for more than 50 years during the Reserved Roles for Actuaries in Defined Contribution Plans webcast. This online event will be focused on actuaries and defined contribution (DC) plan actuaries and how they have been spotlighted by the pension industry due to their roles. Join us to discover which roles under DC plans could be reserved for actuaries by plan sponsors or through legislation.