The Revised Qualification Standards: What You Need to Know

Sept. 20, 2007
Noon to 1:30 p.m. (EDT)

Presented by the Academy's Council on Professionalism, this free 90-minute webcast was designed to help actuaries prepare for the implementation of the revised Qualification Standards. About 1,000 actuaries participated. The webcast was offered as a service to the U.S. actuarial profession.

Webcast recording and slides

• View the online recording [1] of the Sept. 20 webcast.
• Read or print out the webcast slides [2] (PDF format).
  Note: Please download this PDF if you want a copy of the slides; you will not be able to print them from the recorded webcast.

CE credit

The Academy believes, in good faith, that �The Revised Qualification Standards: What You Need to Know� webcast qualifies as a "recognized organized activity" under the Qualification Standards for Prescribed Statements of Actuarial Opinion currently in effect.

Attendance at the Sept. 20, 2007, webcast, or viewing and listening to the entire recording of the webcast, may earn the participant 1.8 continuing education credits under the Qualification Standards for Prescribed Statements of Actuarial Opinion, depending upon the participant's practice area and other requirements set forth therein.

CE credit for EAs

This webcast is cosponsored by the Conference of Consulting Actuaries, which is recognized by the Joint Board for the Enrollment of Actuaries as an approved CE provider. Attendance at the webcast may earn enrolled actuaries 1.8 EA core credits from the Conference. The Conference will not award EA credit for viewing the recorded version of the webcast.

Content

The webcast included a 60-minute presentation by a panel of experts and a 30-minute Q&A session. It offered an overview of the revised Qualification Standards [3] developed by the Academy’s Committee on Qualifications, focusing on important changes made in the standards, as well as details for meeting the revised qualification requirements.

The new version of the Qualification Standards will take effect Jan. 1, 2008, and will affect most practicing actuaries in the United States.

Among the topics discussed during the webcast:

• How a Statement of Actuarial Opinion (SAO) differs from a Prescribed Statement of Actuarial Opinion (PSAO)
• How CE requirements have been strengthened
• How CE options and flexibility have been expanded
• How basic education and experience requirements have been updated
• and more

Speakers

• Kathleen Riley, Chairperson of the Academy�s Committee on Qualifications and Vice Chairperson of the Council on Professionalism;
• Allan Ryan, Academy Vice President and Chairperson of the Council on Professionalism;
• Mary Francis Miller, former President of the Casualty Actuarial Society and a member of the Academy�s Committee on Qualifications;
• Sheila Kalkunte, the Academy Assistant General Counsel and Liaison to the Council on Professionalism.

Questions?

If you need additional information about the webcast, please contact Rita Winkel, the Academy's legal assistant, by e-mail (winkel@actuary.org) or phone (202.223.8196).

If you have questions about EA credit, please contact Matt Noncek at the Conference (mnoncek@ccactuaries.org).