Description: This is the special report about actuaries taking professional inventory. External, as well as internal, forces have directed actuaries' attention to the need for a re-examination and reappraisal of their 'professionalism.' As evidence of the need for an introspective analysis, the following are issues that several actuarial bodies are currently examining through joint committees: 1. independence, 2. organization and disciplinary procedures, 3. professional conduct, 4. actuarial principles for funding of pension plans, 5. education and examination, and 6. experience requirements. Most of these involve the relationship of the actuary to the general public. From Transactions of Society of Actuaries 1974, Vol. 26, Pt.2D, No. 75 AB.

Description: Presented at April 1965 New York Regional Meeting. Discusses actuaries' contribution to society in both the public and private sectors and states that he would welcome the development of required actuarial standards at the state level.