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: 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.

Description: Chairperson’s article about research projects the section is currently sponsoring.

Description: Limitations in actual practice as a health care actuary due to lack of standards, lack of internal data, too much external data, lack of control. Issue No. 38.

Description: This article describes the activities and results of an SOA Task Force on Expansion of Mortality and Morbidity Statistics which was formed to review the mortality and morbidity research undertaken and the statistics published outside the recognized actuarial organizations.

Description: This article describes activities of the Board of Governors to strengthen the role of research within the SOA. The Board actions include approving two additional professional staff positions for the Research Department and including $150,000 in a Research Development Fund to serve as seed money for research projects.

Description: This article describes opportunities and challenges presented to Corporate Actuaries caused by swings in investment gains and losses, the cyclical nature of health insurance results, and increased investments in affiliates which divert use of surplus increase from organic growth to acquisitions. margins were much higher

Description: This Is a book review of 'Lebensversicherungsmathematik' by Hans U. Gerber. The book, written in German, is directed to younger readers who take pleasure in applied mathematics and who wish an introduction to life insurance mathematics. A well-organized and elegant introduction awaits their reading.

Description: Enclosed with this issue of The Actuary is a synopsis of the Report of the SOA Task Force on the Actuary of the Future, referred to in Gary Corbett’s presidential address last year.