By Alyssa Oursler
Exactly 47 years after the Soviet Union sent Sputnik into orbit, the creatively named SpaceShipOne spacecraft became the first privately built vehicle to reach space.
May/June 2017
Features
By Hilary Salt
Discussions about risk are everywhere around us. As measurers and managers of risk, this should be good news for actuaries—more work for us, more opportunities in areas outside our traditional fields, and greater social recognition.
By Linda Lankowski, Kevin Piotrowski, and Benjamin Slutsker
Regulatory change is not a new concept. In fact, some might argue Benjamin Franklin’s quote should have been “in this world nothing can be said to be certain, except death, taxes, and regulatory change.”
By Roy Goldman
It’s 1954 and air travel is quickly replacing rail travel. You are the chief actuary of the Insurance Company of North America [INA].
Departments
By Eric P. Harding
I have two sons. As I’ve mentioned in this space previously, they bring me great joy … and great terror. See, these boys are fearless. And while that may sound like a humblebrag of the highest order, this trait has its downsides.
By Bob Beuerlein
Golf fans were just treated to a Masters for the ages (which saw Sergio Garcia win his first major—in a playoff, no less) and are eagerly anticipating the U.S. Open.
By Mark Shemtob
In a recent issue of Contingencies, I authored an article about the challenges that individuals face in making retirement planning decisions (“The Retiree Nest Egg—Navigating the Risks,” November/December 2016).
By John T. Stokesbury
So, there I was. I remember it like it was yesterday. I was reading my prior year memo to get up to speed for this year’s project. And one sentence caught my attention. I kept reading it over and over again.
By Bob Beuerlein
Many of us grew up with the old adage, “If you don’t have something nice to say to someone, don’t say anything at all.” This sentiment has served us well in helping us to avoid creating embarrassing or uncomfortable social situations.
By Benjamin Slutsker, Kevin Piotrowski, and Linda Lankowski
Principle-based reserving (PBR) is a new statutory reserve regulation that combines company-specific assumptions with prescribed rule-based requirements.
By Robert J. Rietz
We are actuaries, so we extrapolate, except we use different words to express what we do—forecast, model, project, estimate, etc.