Description: As part of the 2019 Disruptions to the Actuarial Profession Contest, this essay posits that the actuarial profession should respond to other fields encroaching on its space, particularly software development and data science, not by a defensive reaction to establish a boundary between fields but instead by a welcoming attitude that seeks to utilize expertise from other fields while maintaining the actuarial role of comprehensive risk management and its hard-earned professional trust.

Description: LDTI’s introduction has forced many insurers to examine their existing operations and technologies. They must determine how to optimize compliance efforts while balancing data, analytics and system modernization considerations to achieve maximum value. This article will examine the four key facets—the data, technology, processes, and people—essential to any successful LDTI exercise. It will also touch on the various approaches for tackling LDTI and how a modernization mindset can help insurers realize much greater transformation for the business.

Description: Editor’s note: This is the first article in a series of three covering the Society of Actuaries (SOA) Competency Framework. The subsequent articles will appear in future issues of the Actuary of the Future newsletter. The Society of Actuaries (SOA) Competency Framework is a powerful tool to enable you to design your future. Though it has been the SOA’s instrument for prioritizing continuing education and support to members since 2010, many actuaries are still not fully aware what a potent tool it can be to them in planning their personal careers.

Description: This article discusses the differences between insurance direct marketers and actuaries and the similarities on which they can build.

Description: There is a growing amount of “off-balance sheet” talent in the US and Global workforce. This spans from consultants and contractors, to gig workers and the crowd (both curated crowd and open crowd). One such example is Uber and Lyft workers. Insurance companies and the Actuarial profession have started to experiment with platforms such as Kaggle and this will continue to grow and evolve. This article explores these new sources of talent for companies, the implications to the actuarial function, benefits and challenges of the evolving workforce.

Description: July 2019 issue of Small Talk by the Smaller Insurance Company Section. Practical information for actuaries, trends that impact section, and section activities.

Description: The August/September 2014 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: This article is an interview with ‘pioneer’ Nooruddin [Rudy] S. Karsan, FSA, one of the co–founders of Kenexa® Corp., a leading end–to–end provider of software, proprietary content, services and process outsourcing, that enable organizations to more effectively recruit and retain employees. The company was founded in 1987 and started with two employees. Today Kenexa has 1,600 employees. Karsan discusses his life and entrepreneurial career. He enjoys managing and building businesses, and the challenging opportunities, but that's just one part of his life the other is focusing on serving humanity—the two basic words, he says, that define Kenexa. From ‘The Actuary Magazine’ Volume 5 Issue 4.

Description: A brief review of the 2024 SOA Health Meeting in Baltimore

Description: Distribution channels matter because they impact how products reach the clients, client experience with the company, and are a key driver in total company performance. Think about this, the pricing actuaries could design innovative products that meet client needs, but without distribution channels communicating the right messages to the clients and addressing their questions, the products probably would not sell.