Description: A simple mission statement for the actuarial profession could be “We do insurance risk.” Maybe in the future we could expand our horizons and just say, “We do risk.” With either statement, the main word is risk. We analyze it, quantify it, manage it, monitor it, model it and project it. We are the experts in insurance risk. We are the “engineers” of the financial security systems that have developed in free economies.

Description: An article that reprints R. Stephen Radcliffe's, 1993-94 President, address at SOA Annual Meeting New York City on October 19, 1993. Outlined are the challenges facing the actuarial profession and his personal focus of the enhancement of the research and educational efforts of the SOA.

Description: A discussion of the changes to the method of grading omitted and erroneous answers on some of the multiple choice Society of Actuaries exams and a discussion as to the equivalence of the methods in determining passing candidates

Description: This article describes the actuarial role and opportunity in cleaning up the ...mess left by the excesses of the 1980s. From The Actuary Vol. 24, No. 4

Description: The Centennial Celebration meeting in Washington, D.C., was a fantastic success. It was a clever combination of a happy celebration of our many past accomplishments and a serious consideration of the challenges that face our profession.

Description: An article provides the Presidential Address given by R. Stephen Radcliffe, President, Society of Actuaries Address at Annual Meeting. The Society of Actuaries is emerging as a global player, a significant and challenging role.

Description: This article announces the availability of The Valuation Actuary Handbook. The purpose of this handbook is to provide assistance to all actuaries who need to use cash-flow testing to validate the appropriateness of reserves. It is a “how to” manual that contains the most up-to-date considerations and techniques for the valuation process.

Description: An article announcing that the Casualty Actuarial Society CAS and the Society of Actuaries SOA agree to form a joint task force to achieve unity on actuarial principles. The task force guidelines and objectives are provided.

Description: This article announces that the Society Board has reaffirmed its desire to adopt actuarial principles as statements of opinion by forming a new Committee on Actuarial Principles. The types of principles considered are Basic Principles, Methodology Principles = Techniques, and Behavioral Principles = Standards of Practice.

Description: This article presents an overview of the activities, objectives and recommendations of a joint task force representing several North American actuarial organizations to explore a closer partnership between the academic and actuarial communities.