Description: A dicussion of the Rate Classification Actuarial Standard of Practice, ASOP #12: its purpose, its scope, guidance, and examples.

Description: Review of a report by Alan Mills introducing Complexity Science, a discipline which could help actuaries to model and manage complex systems, such as the health care system.

Description: Strategies to position Medicare Advantage plans for success during August resubmission.

Description: Metadata for entire issue

Description: Organic, top-line growth is key to life insurance companies for creating shareholder value and achieving long-term success. Companies that do not position themselves for organic growth risk falling behind as competitors seize market opportunities for expansion.

Description: From 4 to 8 June 2018, the German Association of Actuaries, in conjunction with the IAA, will host the 31st International Congress of Actuaries in Berlin.

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 management hiring someone to make changes, then ignoring all suggestions.

Description: Actuarial systems access and change controls are hot topics these days as modeling continues to increase in complexity and as new modeling regulations may begin to crest over the horizon. Many companies are currently in the process of either formalizing their actuarial system access and change control protocols, or are reevaluating and strengthening their existing control processes in response to identified deficiencies or in conjunction with new actuarial system implementations. With these undertakings in mind, this article discusses a number of valuable components commonly incorporated in formal systems access and change control protocols. Also discussed are leading practices identified in the SOA publication “Actuarial Modeling Controls: A Survey of Actuarial Modeling Controls in the Context of a Model-Based Valuation Framework (December 2012)”, and from the Institute and Faculty of Actuaries.

Description: Actuarial modelers need to engage and leverage IT expertise in the design, maintenance, and control of actuarial models.

Description: The author finds the best way to reach your potential is to follow a personal growth plan daily. Free resources, including online newsletters and blogs are cited. From The Stepping Stone, February 2012, Issue No. 45.