Description: The Fellowship Admission Course FAC is one of the proposals contained in the White Paper on Future Education Methods for the Actuarial Profession, circulated by the E&E Committee in early 1987. FEM proposals were developed with three primary objectives.

Description: In this era of enterprise risk management, actuaries should reassess what we tell the public about what we provide. We should allow buyers to make informed choices based upon all the facts. We should recognize that regulatory and judicial forces will be focused on the products we produce for a very long time. This 2004 editorial from The Actuary Magazine discusses some common financial practices that are undergoing closer regulatory scrutiny.

Description: A discussion of the role and responsibilities of actuaries beyond crunching numbers

Description: Is 'business ethics' an oxymoron like jumbo shrimp? An article discusses the notion of business ethics. The author presents a series of questions that provides a framework for managerial ethical decision making.

Description: This article is a review and analysis of the article “The Statistician as Expert Witness,” by Joseph G. Van Matre and William N. Clark, from the Feb. 1976 issue of “The American Statistician.” The author of this article notes that the article he is reviewing has general application to anyone serving as an expert witness in a court of law, especially in its remarks about the ethical responsibilities of such a person and in its advice on preparing to give testimony. Written from the viewpoint of a statistician, it has equal applicability to an actuary serving as an expert witness. The SOA has reprinted this article with permission from The American Statistical Association.

Description: A review of a speech given by E. J. Moorhead. Mr. Moorhead described what he saw as life insurance industry missed opportunities for increased transparency which would be resolved by Congress and public outcry. Interesting historical perspective which could be used a reminder for today.