Foundations of Actuarial Professionalism: Principles and Practice Across Jurisdictions
By Joshua Taub
Foundations of Actuarial Professionalism: Principles and Practice Across Jurisdictions presents a unified treatment of the organizations, regulations, and requirements that govern the conduct of actuaries. Many actuaries absorb professionalism gradually, picking up concepts from a course here and a continuing education session there. Author Joshua Taub brings those pieces together into a single framework, organized around the image of a temple and presented in three parts:
- The Foundation surveys the actuarial organizations that credential actuaries, set standards, and administer discipline, and the regulatory frameworks, both self-regulatory and governmental, within which they operate.
- The Four Pillars examines qualification and credentialing, codes of conduct, standards of practice, and discipline and enforcement, with a close look at the United States and comparisons with other jurisdictions globally
- Beyond the Four Pillars covers emerging issues (large language models and AI agents, bias and fairness, and nontraditional roles) alongside nonbinding guidance such as practice notes.
Each chapter closes with key takeaways, common mistakes to avoid, and discussion questions. Realistic scenarios show how the concepts apply when an actuary faces a difficult judgment call. An appendix considers the needs of developing markets.
Written for candidates encountering professionalism requirements for the first time, newly credentialed actuaries seeking a deeper understanding of their obligations, and experienced practitioners who want a comprehensive reference, the monograph serves as both an educational resource and a practical guide to the responsibilities that come with the actuarial credential.
