By providing objective, evidence-based information, actuaries
help assure the public that financial security programs' promises of future payments are fairly made and can be relied upon when and if they are needed," Alpert said.
apply actuarial techniques and professional experience to come up with adequate amount of reserves for claims in the following categories.
Those increase figures are lower than the increase forecasts the actuaries
published a year ago.
Our hope is that through this challenging and interactive competition, participants will gain a solid understanding of the critical contributions actuaries
make and the impact the profession has on the business world, as well as the steps required to become an actuary, said Richard Lambert, senior vice president and chief actuary at Prudential.
It is necessary that in some cases, the actuaries
have access to the members of management board directly.
He said that Tillinghast, as actuarial consultants, used to depend upon insurance industry-trained actuaries
to attract talent.
Description: This program is for actuaries
to certify their professional competence in actuarial and consulting aspects of pensions.
based Society of Actuaries
(SOA) and the American Academy of Actuaries
(AAA), based in Washington, want to change what they see as the miscast image of actuaries
as boring executives immersed in numbers as turgid as they are incomprehensible.
By entrusting actuaries
with the task of determining plan contributions and granting the latitude inherent in the reasonableness test, Congress intended to give actuaries
some leeway and freedom from second-guessing.
6, Measuring and Allocating Actuarial Present Values of Retiree Health Care and Death Benefits, says actuaries
, in determining per-capita claims costs, may make various adjustments to historical claims data after considering their volume, availability, credibility, quality and consistency with similar information.
The American Academy of Actuaries
(AAA) is trying to get states to use the same approach to defining the term "qualified actuary" in laws and regulations relating to the health insurance rate review provisions in the Patient Protection and Affordable Care Act of 2010 (PPACA).