Introduction

These are exciting times to be a member of the Academy.

With the approval of a new strategic plan in October, the Academy’s leadership has affirmed efforts by the U.S. actuarial profession to move forward in a new spirit of cooperation, and asserted the importance of speaking out on the implications of actuarial policy decisions that affect the American public.

With the adoption of revised Qualification Standards, the Academy has not only strengthened actuarial education and experience standards, but has broadened them as well: The updated Qualification Standards, which take effect Jan. 1, 2008, will apply to most credentialed actuaries who issue SAOs (statements of actuarial opinion) in the United States.

And with the recent formation of the Volunteer Resource Committee, the Academy has signaled to all its members that it wants and needs your input in these and future initiatives.

Whether you are one of the 500 new members who joined the Academy in 2007 or a long-time member, take a moment to review the 2007 Record. It includes an impressive array of major accomplishments in professionalism, public policy, and public affairs between October 2006 and October 2007. All of them undertaken on behalf of you, the profession, and the public. All of them made possible by you and other Academy members.

Professionalism highlights

• Council on Professionalism

• Committee on Qualifications

• The ABCD

• The ASB

Public policy highlights

• Casualty Practice Council

• Health Practice Council

• Life Practice Council

• Pension Practice Council

• Risk Management and Financial Reporting Council

Public affairs

• Photo gallery