Description: This article from SOA president David Holland, speaks to the need of the actuarial profession to consistently evolve with the needs of the 21st century.

Description: The authors take up two questions: • How do I create my Personal Development Plan? • How will the Competency Framework tool help me design my future?

Description: Gearing up-- exploring the rewards for completing the SoA Competency Framework tools of Self-Assessment and Personal Development Plan.

Description: This article summarizes the treatment of changes in the basis for determining life insurance tax reserves under prior law and describes the changes enacted by the Tax Cuts and Jobs Act. It further explains the procedures for changing the basis of computing reserves under the new rules as outlined in Revenue Procedure 2019-10, the IRS’s December 2018 guidance on the subject, and discusses the uncertainties that remain.

Description: Actuaries are often intimately involved in insurance company merger and acquisition [M&A] activity. Actuaries are vital to the process because they have the key elements of knowledge to understand whether the numbers being raised really make sense. For actuaries working in M&A, this article offers a framework in which to view and perhaps improve their companies’ level of success.

Description: The December 2013/January 2014 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: One of the most important influences on the development of an insurance market and on the development of professions, such as the actuarial profession, is the nature of regulation. This paper looks at four main economic models of regulation: 1. Market socialism, 2. Freedom with publicity, 3. Public interest, and 4. Public choice theory. The role of profession and other sophisticated products of the market order are also analysed.

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

Description: President Gary Corbett cites the major issues he sees facing the SOA: education and examinations, research, actuarial principles, strengthening the profession, the future of the actuary/the actuary of the future, and employee benefits.

Description: Continuing our series related to the exposition of distribution terms that may be unclear or misunderstood, our focus in this article is on critical service and support components for sales and distribution, accompanied by a summary of the regulatory oversight of insurance sellers and distributors and a few common terms related to that oversight