Description: Discusses the challenges of changing careers to become an actuary.

Description: A summary to inform the members of Actuary of the Future section's strategy in 2020.

Description: The Use of Reliance in Actuarial Opinions by Frank S. Irish from The Financial Reporter, December 2002, Issue No. 51.

Description: The author makes a call for volunteers to the Management and Personal Development Section, reminding members to vote in the upcoming section election, and to consider running in future elections as well as to consider other volunteer activities. The benefits of volunteering are discussed. From ‘The Stepping Stone’ issue number 43.

Description: A real life business dilemma faced by an actuary is presented, and readers are invited to answer "What Would You Do?"

Description: This article is about how times are changing and we must adapt and keep up as individuals, professionals, and companies

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 a new employee being hired specifically for an expertise that then does not seem to be valued once they arrive.

Description: We will demonstrate three analytical tools along with a sample case study showing how they might be applied to a fictional actuarial organization within ABC Life. The goal is to highlight how they might be applied to perform a health check of an actuarial function organizational design. This can measure effectiveness quantitatively via benchmarking how an actuarial function might stack up against the industry and management expectations. The tools and techniques are critical for actuarial leaders and managers but are also relevant to all actuaries, since we can all benefit from understanding how our individual work efforts fit into the bigger picture of an organization.

Description: Summary of private letter ruling the IRS released in February 2013 regarding a partnership formed to hold and manage bank-owned life insurance contracts. The article follows up another article from the same authors in the May 2012 issue of Taxing Times regarding an earlier ruling on a similar structure.

Description: Note from Editor introducing the articles in this issue.