Description: One of the most fundamental concepts in actuarial practice is the time value of money. For any work in which future cash flows are allowed for, such as reserving or pricing, it is natural to discount to present values so that an appropriate amount of money can be set aside today, allowing for future investment returns. This article discusses yield curve extrapolation methods along with the benefits and drawbacks of these methods.

Description: This is an Editorial describing the need for actuaries to upgrade skills or risk minimization from artificial intelligence.

Description: Read the May 2019 issue of International News published by the International Section of the Society of Actuaries. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This article is about the critical role of actuaries in IT projects.

Description: Letter from the new chairman of the Technology Section Council introducing the new council members.

Description: This article explains the changes made to the Expanding Horizons Newsletter.

Description: The Actuary of the Future Section launched The Ambassador Program in August 2002. The objective of this program is to support the mission of the Actuary of the Future Section in facilitating actuarial employment in new businesses and industries. To accomplish this objective, the program is designed to provide actuaries with information and answers to questions about opportunities in non-traditional fields.

Description: Article focusing on uncertainty and future planning.

Description: This article covers focus of the section council, progress on ongoing initiatives such as the Career Pioneer Program, and new initiatives including image building of the profession as well as support for actuaries in individual practice and/or small businesses.

Description: A Note from the Editor...encouraging actuaries to expand into some nontraditional areas.