Expected Results: The expected intermediate outcomes for this project include: (1) increased availability of Indonesian trained
actuarial science and risk management graduates to Indonesian businesses, universities and government agencies; and (2) strengthened
actuarial science and risk management profession in Indonesia.
Most prominently, Nicholas highlighted that communication skills and professionalism - two values core to the
actuarial profession - are key towards the successful application of predictive analytics.
The SOA is proud to announce this year's university grant recipients, which marks the fifth year for this
actuarial research program," said R.
Clients like Royal London and the Phoenix Group have chosen Integrate because it brings together all of their modelling needs in a nimble platform that lets actuaries focus on
actuarial analysis.
The society says it aims to protect public interest by promoting and upholding the highest standards of professional conduct and integrity of
actuarial services in the country.
Company risk managers, controllers, chief financial officers and others who work directly with an actuary generally obtain a reasonable level of value from the
actuarial analysis.
The core practice areas of members of the Casualty
Actuarial Society--pricing, reserving and capital management--are critical elements of insurer enterprise risk analysis and modeling.
At work here appears to be some spirit of the Sarbanes-Oxley Act of 2002, with not only companies moving away from the use of internal or affiliated
actuarial opinions to the use of independent
actuarial firms, but also the survey results show some insurers moving away from using the same firm in both auditing and
actuarial functions.
An alternative measurement method, for a sole employer with fewer than 100 members, uses a simplified
actuarial valuation method that non-specialists can use.
Actuarial computation: The determination of the deductible amount for funding retiree medical benefits involves an
actuarial calculation that considers the cost of the benefits likely to be paid in retirement, the value of the assets currently held in the trust, the participants' life expectancies and current employees' remaining working lives.
Baker reaffirms that taxpayers entering retirement communities may continue to deduct certain of their costs without a costly
actuarial analysis.
Oates and Goelzer recognize, auditors have long provided non-audit tax services relating to appraisals, valuations, and
actuarial services.
