Description: In the summer of 2012 the SIC decided the time was right to find out what current practices were with respect to Asset Adequacy Testing. This article summarizes the survey process and results obtained. The purpose of the survey was twofold: first, to educate actuaries prior to year-end work about current AOMR practice reflecting changes since the American Academy of Actuaries’ (AAA’s) 2004 Practice Note had been issued; secondly, to provide enough information such that an update of that practice note could be done should the AAA decide a revision to the note was desired.

Description: The article is Part 1 of two articles that provide a case study for the development of a profitability and risk dashboard. The sample dashboard provides distilled information regarding actual to expected (A/E) ratios for key risks, agent quality scores and customer value scores. The dashboard would also provide the value of new business written, surplus strain, debit balances, and expected losses on debit balances at different levels, down to the agent level. A product mix index is provided, together with visual comparisons of key metrics to the company's business plan. The Part 2 article will add information to the dashboard regarding risk margins, target capital, and company value.

Description: A summary of the responses to the article “Stochastic Cherry Orchard”. A situation where a subordinate actuary was asked by his superior to reduce the number of scenarios run on a UL valuation in order to meet a time deadline.

Description: Actuaries must be able to present compelling arguments to win over their audience. For the first time, they may be managing a staff looking for direction, making recommendations to senior leaders, or trying to persuade non-actuarial colleagues who see the world differently. This series of articles is intended to educate young actuarial professionals on key business influencing skills that will be beneficial in the near term as well as throughout their careers. Part 1 is focused on leading and influencing a team.

Description: This article is about how entrepreneur independent business owners can solve their day-to-day frustrations and problems with a simple and useful process for setting goals and building a plan to meet those goals.

Description: This article shares tips for those starting out in the actuarial profession. The source is my experience and that of Ian Duncan FSA FIA FCIA MAAA and other actuaries.

Description: Leadership Inspiration contest entry that focuses on how life events and our reaction to them teach and motivate us all to be better leaders.

Description: This article describes the reasons that diversity in business translates in to better performance for companies with diversity management teams.

Description: The article covers 6 actions that leaders can do to cut down on over-load, remove stress and keep targeted on priority items. Reducing multi-tasking is key.

Description: What does “accountable” mean? You will see how the accountability culture can transform spectators into protagonists following the Four Steps to Accountability.