Description: The Use of Reliance in Actuarial Opinions by Frank S. Irish from The Financial Reporter, December 2002, Issue No. 51.

Description: The objective of this statement of principles is to articulate the current understanding of the significant principles that form the scientific framework underlying all areas of actuarial practice. The intended audience includes practicing actuaries, researchers and others, such as representatives of standard-setting organizations. This articulation is not immutable and should be revised if changes arise in our understanding of the key concepts and phenomena relevant to actuarial science, or if a better expression of the ideas is developed. This statement is the culmination of an effort that begin with the October 1991 draft by the SOA Committee on Actuarial Principles entitled “Principles of Actuarial Science. After incorporating numerous comments, that statement was published in Transactions of the Society of Actuaries XLIV, 1992.

Description: This section presents and summarizes major life insurance-related legal cases from 1956, including claims issues, contract interpretation and misrepresentation by applicants.

Description: This presentation addresses the causes of cheating while encouraging student learning and growth.

Description: We will demonstrate three analytical tools along with a sample case study showing how they might be applied to a fictional actuarial organization within ABC Life. The goal is to highlight how they might be applied to perform a health check of an actuarial function organizational design. This can measure effectiveness quantitatively via benchmarking how an actuarial function might stack up against the industry and management expectations. The tools and techniques are critical for actuarial leaders and managers but are also relevant to all actuaries, since we can all benefit from understanding how our individual work efforts fit into the bigger picture of an organization.

Description: Note from the Council Corner providing an update to our JRMS members on recent / upcoming activities.

Description: Vision and objectives and projects for the International Section.

Description: Note from Editor introducing the articles in this issue.

Description: This excerpt is from a presentation done by a panelist at the Intercompany Long-Term Care Insurance Conference Association closing session in Chicago in March. We can never fully express our thanks to the Alzheimer’s Association and Tom Doyle for the courage to share his moving story and optimism for the future.

Description: Provides some history on Emma Warren Cushman, the first woman to be accepted as a member of any American or European actuarial society - when she was accepted to the Actuarial Society in 1895.