This is a good example of how actuaries probably need to be more pro-active
in keeping their profession relevant. While I certainly don't expect
individual actuaries to go out on a limb and put themselves in jeopardy,
this example indicates to me that we, as a profession, should be moving
quickly towards opining on the entire balance sheet. If we are not willing
to do this, we could eventually be cut out of the process in favor of those
who are willing to take on this job.
Todd Bault, FCAS
The opinions expressed above are mine alone, and do not necessarily reflect
the views of other parties.
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