Description: Much of enterprise risk management has its roots in portfolio management and corporate finance. The concepts of trading off risk and return and benefits of diversification are well understood and articulated in both the actuarial and economics fields, so I don’t believe there are significant knowledge gaps preventing actuaries from contributing to the field. In fact, actuaries may have an advantage in many situations where a large part of a firm’s overall risk arises from pension activities or other more typical actuarial risks.

Description: The author reviews his career and espouses the need to embrace and encourage the development of additional skill sets.

Description: As the Board member partner assigned to work with the Actuary of the Future Section as of March 2005, I am reporting to you about several topics that may interest the section membership for this newsletter. Many of you have already received a lot of information and/or have read articles about the strategic plan, the image campaign, the reorganization of the SOA by sections versus practice areas and other large efforts underway at the SOA. There are many other things going on that are exciting, so I will focus on sharing other issues with you that may be less well known.

Description: The Actuary of the Future section sponsored three sessions at each of the 2005 Society of Actuaries Spring Meetings: the Life Meeting May 23-24, 2005 and the Health/Pension Meeting June 15-17, 2005, both of which took place in New Orleans.

Description: The articles in this issue cover the alternate careers of risk management and personal actuary as well as on communication skills for actuaries.

Description: An examination of the underlying reasons for the concept of health expectancy, some alternative approaches to developing the measurement and some of the powerful uses of this new tool.

Description: Process and challenges of a Delphi Study launched in 2012 to gather opinions on the current state of the SOA, the actuarial profession, and non-traditional opportunities.

Description: Brief article focusing on the future of the actuarial profession.

Description: The author defines what a personal actuary is, provides examples of the typical work of a personal actuary and outlines some of the sections current initiatives.

Description: The author presents the key issues and objectives for 2005 for the Actuary of the Future Section Council.