Actuarial Review - August 2012


THE NEWSLETTER OF THE CASUALTY ACTUARIAL SOCIETY · VOL. 39, NO. 3 · August 2012
From the President: What Employers Demand: Integrity. Insight. Innovation. — Pat Teufel — Whatever our course in life, there will be challenges. The ultimate measure of our success is not how we handle the peaceful moments of our lives, but where we stand during times of challenge and controversy. *Continued...* Random Sampler: Reinvigorating the CAS — Gary R. Josephson, CAS President-Elect — Having just spent the better part of a week with my three-year-old granddaughter Anna, I couldn’t help but think about the changes that have taken place in all aspects of our lives since the time my kids were her age . *Continued...* Actuaries Can Help Insurers Understand the Complex Challenges of Climate Change *Continued...* In My Opinion: Should We Be Agile? — Grover Edie, with Brenda L. Kendall, PMP, AIS — Over the years, both as a company employee and a consultant, I have watched company projects fail to deliver. Often the customer got exactly what was specified, but not what was needed. *Continued...* Opinion: How to Reform Health Insurance Using Casualty Principles — Michael A. Walters — Now that the Affordable Care Act of 2010 (ACA) has been found to be constitutional, there may well be a movement after November to repeal it *Continued...* Election 2012 - Meet the Candidates *Continued...* The Latest on ORSA — Ralph Blanchard — Many jurisdictions throughout the world are trying to define ORSA and the coming requirement for all insurers to have an ORSA. But what is ORSA, besides an acronym? *Continued...* New Associates Admitted Spring 2012 *Continued...* New Fellows Admitted Spring 2012 *Continued...*
Editorial Staff Actuarial Foundation Updates Brainstorms It's a Puzzlement Professional Education Calendar In Memoriam Nonactuarial Pursuits From the Readers Ethical Issues Forum 25 Years Ago in The Actuarial Review CAS President Pat Teufel (left) presents the 2010 Variance Prize to Dumaria R. Tampubolon at the 2012 CAS Spring Meeting in Phoenix. Ms. Tampubolon shares the award with Gary G. Venter for their paper “Robustifying Reserving,” which is published in Variance Vol. 4, Issue 2. Click here to download the PDF version of the newsletter. Click here to view past issues.	First Comes Exams, Then Comes Marriage Get General Business Skills Training Online New UCAS Sessions Available Advertisement: ISO Casualty Index Thank You, 2012 Spring Meeting CAS Social Media Outlets Surpass 5,000 Traditional Hard Market For P/C Insurers Unlikely Despite Recent Rise In Rates Be An Actuary Web Site Recognized for Excellence Actuarial Recruiters’ Roundtable What the Future Holds for Actuaries Predictive Modeling Transforms Insurance Pricing The Liquidity Risk Premium Project* CAS Webinars Offer Cost-Effective CE Opportunities Register for the ERM Online Course! Going Mobile with the New CAS CAS Recognizes 2011-2012 Partners Outreach to Expat CAS Members Deadline for ICA 2014 Papers and Presentations is September 30 ICA 2014: A Team Effort 2012 CAS Annual Meeting Heads to Walt Disney World Seminar Focuses on Catastrophe Risks Join us in Denver for the 2012 CLRS!