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: Overview of the seven trends affecting the Actuarial profession .

Description: In an effort to cultivate a more diverse profession and membership for their organizations, The Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS), through their Joint Committee for Inclusion, Equity and Diversity Charter (JCIED) have made a commitment to significantly increase their funding and support of the International Association of Black Actuaries (IABA) for the next three years (2019-2021).

Description: A generational perspective on the decline of traditional defined benefit plans and hope for the future. Do we need to wait until all the actuaries and plan members from the old DB system have retired before a new system can emerge?

Description: Article The Actuary Revealed by Dinney in The Actuary, May 1979, Volume 13, Number 3

Description: The Society of Actuaries (SOA) has recognized the University of Waterloo and the University of Manitoba as University-Earned Credit (UEC) Centers of Actuarial Excellence (CAE). With this UEC designation, students at these universities can earn credit for designated SOA exams by attaining a required score on university coursework.

Description: A real life situation is posed involving a management, leadership, or other business decision, and readers are invited to submit their responses to "What Would You Do?" This case study involved an actuary interviewing a candidate who seemed exceptional, until she started pushing back on the job level.

Description: The SOA announced the top winning entries of the 2020 student research case study competition.

Description: Servant Leadership is a leadership philosophy that focuses on organizational success through serving and enriching the lives of the employees. As employees become engaged the organization becomes more vibrant, sustainable and successful. Four primary principles are discussed: Create an Environment for Employee Growth; Provide Employees What the Need to Thrive; Remove Obstacles to Employee Achievement; Help Employees Reach Organizational and Personal Goals. Trust, creativity, shared vision, listening, job skills and personal attention lift employees up, creating high quality, engaged employees that help drive organizational success and create a pool from which the next generation of leaders for the company will emerge.

Description: A compilation of reader responses is presented to a real life situation posed involving a management, leadership, or other business decision. This issue’s case study involved an actuarial hiring decision.