Description: Irish actuary and professor explains his hypothesis that actuaries, as practitioners, are reluctant to adopt the theories of financial economists unless the models on which the theories are based fit the actual data the actuaries have.

Description: This article is intended to provide an introduction to microfinance and microinsurance. Microfinance began in the 1960's and 1970's as a humanitarian activity directed at the poor to provide micro loans for working capital. Microinsurance MI protects people in the low-income range against specific perils in exchange for regular premium payments.

Description: This article is an overview of the FAP course, a new e-learning tool that encompansses real-world applications and examples to demonstrate actuarial practice and to teach principles that help candidates make the transition from the preliminary examinations.

Description: This article discusses the trend toward outsourcing of insurance assets to third party money managers which has grown steadily as insurers face increasing market challenges. Insurers are finding that a strategic approach to outsourcing investments is critical to enhancing value within both liability reserves and surplus portfolios.

Description: Here are the themes that I plan to address in more detail over the next year—our education and examination program; more meaningful partnerships among the various actuarial organizations, especially in the United States; and increased transparency.

Description: Linda M. Springer, FSA, MAAA, spent more than 25 years in the financial services industry in executive positions responsible for general and financial management and strategic operational planning. Springer is now the eighth director of the United States Office of Personal Management. In this interview, she discusses government life, on–the–job challenges and how her actuarial background has helped her progress in her career.

Description: Principles serve as signposts of practice. They can be a combination of core truths, values, heuristics and paradigms that collectively encapsulate the theoretical underpinnings, mental processes and attitudes of the practitioner.

Description: Table of contents for December 2006 issue of The Actuary Magazine.

Description: The Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) recently hosted the first Be An Actuary Month, an initiative designed to inform high school students about the actuarial profession as a career choice. Throughout the month of February, four free virtual events were held to inspire students towards a math-related career path through interactive activities and exposure to credentialed actuaries, candidates and actuarial university students. The month builds on the success of previous “High School Actuarial Day” events held by the SOA and CAS.

Description: Arlington, VA, Ottawa, ON, Schaumburg, IL, January 24, 2022 – Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers. Providing insights on emerging risks over time, the 15th Annual Emerging Risk Survey is sponsored by the Joint Risk Management Section (JRMS) of the Canadian Institute of Actuaries (CIA), the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA).