CAS Members Named to Advisory Panel

Washington, D.C.—In late October 2005, the Critical Review of the U.S. Actuarial Profession (CRUSAP) Task Force named 30 members to its advisory panel. CRUSAP was formed by the American Academy of Actuaries with the support of the board of directors of the Academy. The board includes top officials of the American Society of Pension Professionals and Actuaries, the Casualty Actuarial Society, the Conference of Consulting Actuaries, and the Society of Actuaries. The CRUSAP initiative will identify and analyze risks and opportunities facing the actuarial profession and provide recommendations for meeting emerging challenges. The self-analysis of the U.S. actuarial profession was prompted by recent domestic and international events potentially affecting the profession. Advisory panel members, representing diverse actuarial areas of practice, as well as related professional areas, will contribute their wide experience and varied perspectives to the CRUSAP deliberations.

"The U.S. actuarial profession always has been reflective and forward-thinking. With the help of the advisory panel, the task force will be able to develop strategies to benefit the profession and the people actuaries serve," said Fred Kilbourne. Kilbourne, who is a member of all five U.S. actuarial organizations and the Canadian Institute of Actuaries, is chairperson of the CRUSAP Task Force. In addition to its chairperson, four other actuaries serve on the task force: Bob Collett, former chairman of Milliman Global; Roland "Guy" King, president of King Associates and former chief actuary for Medicare and Medicaid; Jim Rech, FCAS, chairperson of the Academy's Enterprise Risk Management Task Force and actuary with GPW & Associates; and Terri Vaughan, FCAS, Robb B. Kelly distinguished professor of insurance, risk management, and actuarial science at Drake University, and former Iowa insurance commissioner.

Other CAS members chosen for the advisory panel include Todd R. Bault, senior research analyst, Sanford C. Bernstein & Co., Inc., New York; Charles A. Bryan, former Academy and CAS president and president C.A.B. Consulting, Columbus, Ohio; Stephen P. D'Arcy, former CAS president and professor of finance, University of Illinois in Champaign; James C. Hickman, emeritus dean and professor, University of Wisconsin Business School in Madison, Wisconsin; W. James MacGinnitie, former president of the Academy, CAS, Society of Actuaries, and the International Actuarial Association; David J. Otto, consulting actuary and co-founder of EMB America in San Diego; and Patricia A. Teufel, consulting actuary and principal, KPMG LLP, Hartford, Connecticut. Richard S. Foster, FSA, chief actuary for the Centers for Medicare and Medicaid Services in Baltimore, Maryland was also named to the panel.

More information about CRUSAP can be found by visiting www.crusap.net.