Insights and Ideas from the American Academy of Actuaries
Contingencies
Features
Is the Promise of AI Medicine and Digital Health Hampered by Cybersecurity Issues?
By James F. Jordan Health care accounts for more than 18% of the U.S. economy-a significantly higher proportion compared to other nations, which typically allocate between 8% and 12% of their economic resources to health care. Despite this...
A Delicate Boon
Maintaining the public's trust is paramount to the profession's self-regulation By Brian Jackson I'll never forget the day I first learned about the American Academy of Actuaries and the actuarial profession. It was in November 2011. At the...
Everyone Plays a Part
Applying Precept 13 Concerning Apparent, Unresolved, Material Violations of the Code of Professional Conduct Preface The Committee on Professional Responsibility of the American Academy of Actuaries has developed this discussion paper for...
Into New Frontiers
Professionalism Considerations for Working in Developing Areas of Actuarial Practice Actuarial practice is continually developing. Sometimes these developments are updates to existing work, but many times developments represent completely new...Departments
Member Spotlight
Christopher Ludwiczak
What is your practice area and/or area of expertise?
Health & Welfare Consulting
What led you to become an actuary? And what attracted you to the profession?
I was one of the lucky people to even hear about an actuarial career while...
Member Spotlight
Peter Ott
What is your practice area and/or area of expertise?
For whatever reason, my actuarial career has always been focused on property-related business. I started in admitted lines pricing small business and farm owners policies. I've also gotten to...
Inside Track
A Professionalism 360
By Eric Harding
Professionalism is the watchword of this issue-all of the
features in this issue consider various aspects of this important element of
actuaries' lives.
In "A Delicate Boon," Academy Senior Director of Professionalism Brian...
Letters
Actuaries in Public Service
Craig Reynolds' article on his experience as an actuary serving in a publicly elected position ("On Public Service," July/August 2023) clearly showed how the general and specific skills we have as actuaries can benefit our communities.
I was...
President’s Message
If the Public Only Knew
By Ken Kent
I hope that someday when I mention I am an actuary, the
response will be one of recognition of the essential part we play in supporting
financial security for everyone. Lately when introducing myself, I've been
identifying that the...
Up To Code
A Lifetime of Professionalism
By Richard Kutikoff
You've been dreaming about this since you were a kid, and
now it has happened. You just got hired as a junior actuary. You're so excited
about starting off your career. You know about the exams; you also know about
the type of...
Commentary
Hacking the Planet—Part 1
By Srivathsan Karanai Margan
Climate Engineering: Born Out of Desperation
"The Earth is the only world known so far to harbor life. There
is nowhere else, at least in the near future, to which our species could
migrate. Visit, yes. Settle, not...
Professionalism Perspectives
ASOPs—Your Input Wanted
By Virginia Hulme
With four actuarial standards of practice (ASOPs) open for
comment and another expected later this year, now is a good time for a reminder
that your participation in the standards-setting process is invaluable to the
Actuarial...
Tradecraft
IFRS 17 Challenges for Reinsurance: Fitting a Square Peg in a Round Hole
By Michael Winkler and Sunil Kansal
This article provides an overview of the challenges
encountered by the insurance industry when applying the requirements of IFRS 17
to reinsurance contracts-the complexities and difficulties that arise...
Workshop
Curbing Insurance Fraud Requires Buy-In of Public, Providers, Policymakers
By Ted Gotsch
Insurance fraud is a growing problem affecting companies and consumers alike, experts agree-one that must be challenged head-on through education and enforcement.
Addressing the issue as part of a June 28 webinar sponsored
by the...
Cryptic Puzzle
The Unreliable Narrator
By Tom Toce
We all need something to rely on in this world, and you can
rely on this paragraph. This puzzle is the brainchild of Jerry Miccolis. I
helped him out enough with refining the concept and with some of the clues that
we're calling this...
Puzzles
Finding Pentagons
By Stephen Meskin
In the world of polygons, there is only one type of
triangle, three types of quadrilaterals, and almost a dozen types of pentagons.
The quadrilateral types look like:
The pentagons look like-stop! I almost gave...
End Paper
How Did They Do It?
By Robert Rietz
The most memorable moment in our vacation earlier this year
happened at the beach. The sight brought tears to my eyes, only I wasn't
looking out at the ocean, I was looking in, toward the beach.
Omaha Beach.
Walking in the...
