Description: White Paper with member and market research regarding the opportunities for actuaries in advanced business analytics. Recommendations for the SOA to consider implementing.

Description: This article contains reviews of the following books published in 1987-1990: 1. 'Pension Age in a Changing Society' by Patrick Carroll, 2. 'Life Insurance Mathematics' by Hans U. Gerber, 3. 'A History of Probability and Statistics and Their Applications before 1750' by Anders Hald, 4. 'Medical Risks: Trends in Mortality by Age and Time Elapsed' by Edward A. Lew, 5. 'Canadian Handbook of Flexible Benefits' by Robert J. McKay, 6. 'Canadian Insurance Practices' by Franklin Reynolds, 7. 'On the Shoulders of Giants' edited by Lynn Arthur Steen, 8. 'The Value of Pensions in Divorce: What It Is and How to Use It' by Marvin Snyder, 9. 'Life Insurance Accounting' by Edward P. Brunner and Paul E. Heacock, 10. 'Duration Analysis: Managing Interest Rate Risk' by G.O. Bierwag, and 11. 'Actuarial Evidence: Valuing Past and Future Income' by Donald R. Anderson. Notices of other articles and publications are also included. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: Over the years, much of the Society of Actuaries exam-related discussion has centered on structure, such as the number of tracks, many small exams versus a small number of large exams, ways to incorporate professionalism and nontechnical skills. Lost in those discussions is the process of continually improving the exams themselves. This article uses questions from old and new exams to show how the written-answer fellowship exams have changed to expect candidates to demonstrate higher level skills than in the past.

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: A resource for actuarial professionals, providing a systematic approach to the application of actuarial theory to real world problems. Provides insight into how to manage financial risk within dynamic economic and social systems. It is also a required text for use in the Fundamentals of Actuarial Practice course.

Description: A resource for actuarial professionals, providing a systematic approach to the application of actuarial theory to real world problems. Provides insight into how to manage financial risk within dynamic economic and social systems. It is also a required text for use in the Fundamentals of Actuarial Practice course.