Up To Code

Our Resilience
Up To Code

Our Resilience

By David Driscoll
This is the final Up to Code article that I will compose. Because this is my last such essay, I am going to take the liberty of beginning on what, for me, at least, is an uncharacteristically personal note and write about a friend from my youth who died recently and was among the most impressive persons I have ever known.

Risk to the Actuary
Up To Code

Risk to the Actuary

By Richard Kutikoff
Actuaries love to measure risk. Risk is directly involved in our calculations: Mortality/longevity risk. Morbidity risk. Turnover risk. Investment return risk. Asset/liability mismatch risk. Risk of underprovision for expenses. Risk of bad data. Risk that our models are incorrect.

Follow the ASOPs, Inside and Out
Up To Code

Follow the ASOPs, Inside and Out

By Alice Rosenblatt
Internal or external users of actuarial services—should there be a difference in the work? Not much; actuarial work should be done in a similar fashion, and the substance of communication to internal and external “customers” should be very similar.