Professionalism Outreach Continued in October

Academy President Shawna Ackerman provided a “Professionalism Update from the Academy” to the Casualty Actuaries of the Bay Area in San Francisco on Oct. 11. In the presentation, Ackerman gave updates on standards-setting, discipline and counseling, and qualifications activities, and highlighted Academy professionalism resources including the new “Actuary Voices” podcast series.

Actuarial Standards Board Vice Chairperson Maryellen Coggins provided an overview of the new Actuarial Standard of Practice (ASOP) No. 55, Capital Adequacy Assessment, at the Association of Governmental Risk Pools’ Fall Forum in Cleveland on Oct. 8. The new ASOP becomes effective on Nov. 1.

Academy Secretary-Treasurer (and incoming President-Elect) Tom Campbell presented at the annual actuarial ethics seminar at Prudential’s Newark, N.J., headquarters on Oct. 23. The seminar examined ethical concerns for actuaries, the structure of the profession’s self-regulation, elements of U.S. actuarial professionalism, the Academy’s professionalism tools and resources, and closed with a discussion of ethics case studies.

Nancy Behrens, a member of the Academy’s Committee on Professional Responsibility and a former member of the Actuarial Board for Counseling and Discipline, provided a professionalism presentation at the Twin Cities Actuarial Club’s meeting in Minneapolis-St. Paul on Oct. 22. The presentation included an overview of what it means to be a profession, the self-regulation of the U.S. actuarial profession, and an interactive discussion of ethical considerations involved in different case studies that raise professionalism concerns.