Quick quiz: how many casualty actuaries out there have a sense of how a mortality table is constructed and how, if at all, improvements in mortality are reflected?
Ruy Cardoso
email: ruy.cardoso@ey.com
jtuttle@stpaulre.e-mail.com on 04/01/98 01:26:34 PM
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Subject: Mortality Tables and Casualty Actuaries
The recent discussion about mortality tables
reminds me that in the rare instances where I
have done a life insurance type calculation, not
involving a public statement of actuarial opinion
of course, I have explicitly disclosed that I am a
casualty actuary and not a specialist in life
insurance. I realize that we study life
contingencies - nowadays in a fourth of the old
Part 4 exam! - but I get concerned when a
non-actuary assumes that all actuaries must be
qualified in any actuarial matter. Even if the
calculation is of the type that we have studied,
and therefore I meet Code of Professional
Conduct precept 3 ("An actuary shall perform
professional services only when the actuary is
qualified to do so ... "), I feel better issuing a
disclosure.
Do other people do the same?
Jerry Tuttle
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