Potentially Disruptive Events

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The Academy is seeking input on potentially disruptive events, which are defined as significant developments (e.g., emergencies and disasters, or a cure for chronic disease) that are not covered by routine measures; that can be caused by natural, man-made, or artificial circumstances; and that cause current actuarial models to no longer be effective. This initiative was set up after the Academy’s Strategic Planning Committee identified the need for the Academy to assemble resources to support actuaries in responding to disruptive events that may create a significant reputational risk to the profession.

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The charge of the task force is:

  1. Identify and understand implications of potentially disruptive events;
  2. Notify actuaries of potentially disruptive events; and
  3. Inform actuaries about resources to appropriately address the professional aspects of disruptive events when they occur.

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