Risk Classification & the New Academy Monograph

The Risk Classification Work Group of the Academy’s Risk Management and Financial Reporting Council is presenting a webinar on March 15 to provide members and interested parties with an in-depth but accessible discussion of the concepts underlying risk classification as it is applied in all actuarial practice areas. The webinar will be based on the work group’s monograph, On Risk Classification [1], published in November 2011, which updated the 1980 Risk Classification Statement of Principles.

Topics will include:

• Risk and Risk Transfer via Financial or Personal Security Systems
• Individual Choice in Voluntary and Compulsory Financial or Personal Security Systems
• Characteristics of a Successful Financial or Personal Security System
• Risk Classes, Risk Characteristics, Adverse Selection, and Individual Equity
• Risk Classification and the Estimation of Expected Cost
• Social, Legal, and Regulatory Considerations

This webinar is jointly sponsored by the Academy and the Society of Actuaries.

SPEAKERS

• Arnold Dicke, MAAA, FSA, CERA, Chairperson of the Risk Classification Work Group
• Burt Jay, MAAA, FSA, FCA, Member of the Risk Classification Work Group
• Mark Litow, MAAA, FSA, Member of the Risk Classification Work Group

WHO SHOULD ATTEND

Actuaries from all practice areas and others who are interested in financial or personal security systems (private or governmental arrangements for advance risk transfer) and on the important role that risk classification can play in ensuring that such systems are successful.

DETAILS

Risk Classification & the New Academy Monograph
March 15, 2012
1:00–2:30 p.m. Eastern

REGISTRATION

Registration Fees

• Members: $50.00 USD per registration site*
• Non-Members: $100.00 USD per registration site
• Regulators and congressional staff: Free

Registration Options

• Members: You may register online [2] or by  mail/fax [3]. If you wish to register online, you need to request a member discount code by contacting Gabriel Swee at swee@actuary.org [4] or 202-223-8196. Please indicate that you are an Academy member requesting your member discount code.
• Non-Members: Register online [2] or by mail/fax [3]
• Regulators and congressional staff: Contact Gabriel Swee at swee@actuary.org [4]  or 202-223-8196 to register. Please indicate whether you are a regulator or a congressional employee.

*Special note to eligible Academy volunteers: To qualify for complimentary registration, you must be a member of an Academy committee (including boards, committees, sub-committees, work groups, task forces, etc.) and also be qualified for either a partial or total dues waiver during 2012. Please contact Gabriel Swee at swee@actuary.org [4] or 202-223-8196 to register. Learn more. [5]

CE CREDIT

The American Academy of Actuaries believes in good faith that your attendance at this live webinar, “Risk Classification & the New Academy Monograph,” may constitute, depending on your area of practice, an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.

JBEA CPE Credit

The Joint Board for the Enrollment of Actuaries (JBEA) has approved the Academy as a qualifying sponsor of continuing professional education (CPE) programs for enrolled actuaries.

If you are an enrolled actuary, the Academy believes in good faith that you may earn 1.8 CPE non-core credits under the JBEA rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core and non-core continuing education and the number of CPE credit hours allocated to same for enrolled actuaries. During the live webinar, instructions will be given to attendees on the process for obtaining certificates of attendance.

To constitute formal CE under the JBEA regulations, there must be three (3) or more people involved in substantive pension services physically present with you at your webinar location.

QUESTIONS

For more information about this webinar, contact Gabriel Swee at swee@actuary.org [4] or 202-223-8196.

For technical questions about registration, please contact WebEx customer support at 1-866-229-3239 or by e-mail at support@webex.com [6].