AmericanAcademyOfActuaries

Want to learn more about principle-based approach (PBA)? The Academy has been instrumental in the ambitious effort to modernize the framework for determining life insurers' statutory required capital and reserves in the United States. The proposed method, which is intended to be principle-based, uses risk analysis and risk management techniques to capture underlying life insurance and annuity risks more accurately than the current rule-based, one-size-fits-all approach. Learn more!

The Academy's Council on Professionalism has published a discussion paper entitled Conflicts of Interest When Doing Volunteer Work. This paper is intended to assist current and future Academy volunteers in identifying and resolving potential conflict of interest issues that may arise when providing volunteer services to the Academy. This paper is also incorporated into the revised Academy conflict of interest policy.

The presentation slides and audio recording of the live June 29 webinar The Profession's Responsibility to the Public, are available for download. Presenters discussed the profession's responsibility to the public; Precept 1 of the Code of Professional Conduct; the state of the profession; and the key aspects on maintaining the profession's relevance. (06/30/11) Audio Slides

Polls will remain open until 11:59 p.m. ET on Sept. 2 and all Academy members (active as of July 14, 2011) are eligible to vote in this election. If you have not received an email (or paper) ballot, you may request a replacement ballot by emailing elections@actuary.org. For more information on the election, visit the Academy's Election Center.