Description: Article on the need for continuing education for actuaries

Description: This document summarizes a meeting of the Reinsurance Section that occurred at the October 1982 Society of Actuaries annual Meeting in Washington D.C. The meeting consisted of a discussion related to the role and purpose of the section, a discussion of problems and pitfalls related to reinsurance treaties, and discussions related to choosing a reinsurer.

Description: Over the past 20 years, the roles and responsibilities of actuaries have expanded dramatically. We have extended the use of our core skills, namely the ability to model and manage financial risk, to new practice areas, such as asset/liability management and capital management. At the same time, we have broadened our client base to include most types of financial services organizations, many of which are operating in a global environment. This article discusses what the growing role of the actuarial profession means for current and future generations of actuaries.