Description: An interview with Bozenna Hinton, the newly elected President of the International Actuarial Association (IAA). In this wide-ranging conversation, President Hinton shares her vision for the IAA, discusses emerging trends in actuarial education, and offers insights on how the Society of Actuaries (SOA) and its members can contribute to the global actuarial community.

Description: The author shares their experiences and timeline in building an actuarial science program from scratch and reaching the Advanced Curriculum level

Description: An interview with Diana Skrzydlo, the inaugural winner of the SOA Outstanding Educator Award, about her teaching and the future of actuarial education.

Description: This presentation proposes a solution to the student actuarial paradox “I mastered the syllabus but failed the exam,” by utilizing the two-dimensional syllabus vehicle which pedagogically focuses on the two dimensions of content and problem difficulty. This presentation advocates the PMR characterization of three levels of problems difficulty: Plug-ins (easy), Monkey-wrench (intermediate), and Research-type(hard) questions. PMR was developed by examining difficulty levels in SOA exams, and problems of various software vendors. The author's students routinely score high on the SOA FM exam; it is hoped that these methods will assist other instructors in their quest for good pedagogy. Very briefly: “Plug-ins,” refer to multi-part problems, for example, calculating the price of an annuity that is first increasing and then level; “Monkey-wrench” problems specifically refer to plug-in multi-part problems where one component is a monkey-wrench, an issue the candidate has not previously encountered. It might be a non-typical modeling or it might be a non-typical algebraic simplification or it might be an unexpected integration of distinct modules in a manner that the candidate has not yet seen. “Research-type questions” refer to problems requiring some type of experimentation for example, looking at initial cases, seeing a pattern and then applying methods

Description: Insurance companies are heavily regulated in every country with a well-developed financial system, with the regulation focusing primarily on solvency. The new regulatory system with an emphasis on introducing the risk-based capital regulation has been developed or revised in various jurisdictions in the past three decades. Risk-based capital (RBC) regulatory systems were first introduced in Canada in 1992 and in the United States in 1994. The National Association of Insurance Commissioners (NAIC) in the United States started its Solvency Modernization Initiative (SMI) in 2008, with the aim of reevaluating its RBC system. The most recent adoption of an RBC system was the implementation of Solvency II in the European Union (EU) in 2016, with a focus on the group supervision applied at both domestic- and foreign-market levels through internationalized insurance groups. This article will discuss the theoretical rationale for insurance solvency regulation, the general equilibrium framework needed to design and evaluate solvency regulation, and the cross-border impacts of solvency regulation, especially when regulation standards are inconsistent across countries.

Description: Brief discussion of highlights of past Living to 100 Research Symposia, urging readers to attend 2023 symposium

Description: The American Academy of Actuaries announces the inaugural Award for Research, to be awarded to an early career scholar for the best research from an actuarial perspective. The theme for this year is Climate Change/ Climate Risk.

Description: Discusses the Validation by Education Experience and how to achieve credit.

Description: This article summarizes the Actuarial Education Session at the Joint Mathematics Meeting.

Description: This article provides a brief description of the changes in the financial mathematics exam beginning in 2007.