Top 10 Casualty Actuarial Stories of 2004
The year 2004 produced a wide variety of news
stories that affected casualty actuaries. We have compiled a list of
the top ten such stories based on our annual survey of CAS thought
From the President: Find Your Voice
How are Gary Dean, Rick Gorvett, Shaun Wang and I unique among
casualty actuaries? If your first answer is that we are all dashingly
handsome, I would have to question your judgment, at least regarding
some of us. If you answered that we are all dedicated volunteers...that is true, but that hardly makes us different from many
other CAS members. Continued...
International Actuaries Address Concerns over Profession's Integrity and Credibility
MONTRÉAL, Pq.—The actuarial profession in several
countries is developing new rules and standards to affirm its integrity
and competence to the public, attendees of the 2004 Casualty Actuarial
Society Annual Meeting were told here during the general session,
"Actuaries and Actuarial Issues Around the World." Continued...
Opinion: Ensuring Effectiveness The new year brings revisions to our early exams, including two innovations—computer-based testing (beginning with Exam 1 later this year) and validation by educational experience for economics, corporate finance, and applied statistical methods. Continued...
Brainstorms: The Power of Analogies A well-constructed analogy can be a powerful explanatory tool. Years
ago, I stumbled on to the idea of using a target shooting analogy to
help explain credibility concepts. Even if a person has never fired an
arrow at a target, the concept is clear and understandable Continued...
Editors' Note: Check Out Our New Look! Change is good, every ten years or so, whether we like it or not. We hope you do like the new layout and format of The Actuarial Review! Continued...