Up To Code

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.

A Little Help From My Friends
Up To Code

A Little Help From My Friends

By Albert J. Beer
Judging by vocal tones and body language, I think it is reasonable to assume that, upon hearing a reference to the Actuarial Board for Counseling and Discipline (ABCD), most actuaries would be more likely to think of the phrase “I’m from the IRS and I’m here to help” rather than a pleasant Beatles tune.

Follow-Up Exam
Up To Code

Follow-Up Exam

By Allan W. Ryan
As I wrap up my final year on the Actuarial Board for Counseling and Discipline (ABCD), I am also presenting my final “Up to Code” article. I decided I would go back four years and revisit the topic of my “Up to Code” article from the September/October 2016 issue of Contingencies.