Description: In this increasingly global economy, actuaries frequently find themselves in situations involving cross-border practice. This is particularly true for U.S. and Canadian actuaries. This article is about recent agreements and discussions among the U.S. actuarial organizations and the Canadian Institute of Actuaries [CIA] that clarify how the various actuarial standards apply to cross-border activities.

Description: This article announces that the Society Board has reaffirmed its desire to adopt actuarial principles as statements of opinion by forming a new Committee on Actuarial Principles. The types of principles considered are Basic Principles, Methodology Principles = Techniques, and Behavioral Principles = Standards of Practice.

Description: The August/September 2014 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: The vice president of Professional Services for the SOA gives an overview of the activities in his area.

Description: Discusses what triggered the Morris review, what it found, and what it might mean to the actuarial profession in the UK.

Description: In this editorial, the President of the SOA discusses the changes to the Constitution and the tight conditions spelled out in Article X relating to Statements of Professional Opinion.

Description: Article from The Actuary, June 1983, volume no. 17, issue no. 6, that discusses the New South Life Case which happens to be one of the mercifully few life companies in which a major deficit has been directly linked to miscalculation of policy reserves.

Description: U.S. actuaries working in Canada are subject to Canadian code of conduct rules. This article explains the operation of the CIA with respect to this issue and compares discipline procedures in the U.S versus Canada.

Description: This article from The Actuary, November 1996, Volume 30, No. 9 discusses the value of the actuary. What is our value to our publics? Is it in sheepishly agreeing with statutory impositions -pension plans are a social good that should have favored status as long as they pay their fair share - or is it in sticking to, then clarifying and explaining, our principles regardless of the penalties? Our corporate agreement with the notion that there are “individually realistic actuarial assumptions.”

Description: This article discusses the need for more participation by members in the direction of the profession, particularly in the Society of Actuaries.