Ethical Dilemmas Facing Health Actuaries: Insights and Case Studies

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Health actuaries regularly face a host of considerations and ethical pitfalls that must be navigated to ensure the highest standard of service to the principal while also protecting the public interest. While it’s true that actuaries protect the public interest by adhering to the profession’s high standards of conduct, practice, and qualification, meeting these standards when faced with thorny ethical issues can be challenging.

This health professionalism webinar presenters dove deep into current ethical concerns using health case studies to provide you with invaluable insight into how to navigate the ethical "gray areas" in practice.

Actuarial Professionalism: It's Important!

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The importance of professionalism when providing actuarial services cannot be overstated. Our professionalism standards articulate the profession’s commitment to expertise and conscientious service, and demand a high standard of professional conduct from the practicing actuary - one that requires a combination of competency, integrity, objectivity, and a commitment to serve the public.

However, meeting this demand is not always easy in our competitive, ever-changing, and fast-paced work environment. New areas of practice emerge, new technologies such as AI raise questions about their use, and principals don't always understand an actuary's professionalism responsibilities and obligations. The good news is that our professionalism standards provide a great deal of guidance and help when we find ourselves in situations where appropriate actions are not immediately obvious or where we need to explain our actions to others. Join us to hear three members of the Academy’s Committee on Professional Responsibility discuss these topics and more.

ABCD Requests for Guidance—Insight and Case Studies

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During this webinar, attendees heard ABCD members use several case studies to discuss challenging ethical situations inspired by common requests for guidance received by the ABCD. 

Self-Regulation and the ASOPs: Your Professionalism Toolbox

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The actuarial profession’s ability to self-regulate in the U.S. depends on each actuary’s commitment to actuarial professionalism. Learn about actuarial professionalism, with a deep dive into actuarial standards of practice (ASOPs). 

Tales From the Dark Side 2023

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This latest iteration of our popular “Tales from the Dark Side” webinar explored examples of ethical problems based on cases and requests for guidance that have been brought before the Actuarial Board for Counseling and Discipline (ABCD).

To perform their professional duties effectively, actuaries must enjoy the trust and confidence of the public. This trust—and the standing and reputation of the actuarial profession—depends on the judgment and conduct of each individual actuary, and the rigor with which actuaries bring honesty, integrity, and competence to their work—especially when confronted with ethical issues that are difficult to resolve.

The Code of Professional Conduct: Succeeding at Self-Regulation

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Actuaries with extensive experience in the realm of actuarial professionalism discussed responsibilities under the Code, with a special emphasis on obligations to act as representatives of the profession when there is knowledge of an apparent, unresolved, material violation of the Code by another actuary.

ASOP Essentials: Communications, Modeling, Data Quality, and More

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While most of the actuarial standards of practice (ASOPs) are specific to certain areas of actuarial practice, several ASOPs apply not only to all practice areas, but to all (or nearly all) actuarial assignments. This webinar will explore vital points from ASOP No. 41, Actuarial Communications; ASOP No. 56, Modeling, and ASOP No. 23, Data Quality. In addition, the presenters will dive into ASOP No. 1, Introductory Actuarial Standard of Practice, which covers how ASOPs are meant to be used and how to interpret terms used across the ASOPs.

Frequently Asked Questions on the U.S. Qualification Standards

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Members of the Committee on Qualifications discussed the 2022 Qualification Standards for Actuaries Issuing Statements of Actuarial Opinions in the United States (U.S. Qualification Standards). 

Tales From the Dark Side 2022

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This latest iteration of our popular “Tales from the Dark Side” webinar explores examples of ethical problems based on cases and requests for guidance that have been brought before the Actuarial Board for Counseling and Discipline (ABCD).

ASOP NO. 41, Actuarial Communications: Your Feedback Matters

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During this webinar, presenters discussed the basic guidance in the ASOP as well as proposed changes.