Council on Professionalism highlights

The Council on Professionalism:

• Hosted three webcasts, co-sponsored by the Conference of Consulting Actuaries (CCA), on the newly revised Qualification Standards for Actuaries Issuing Statements of Actuarial Opinions in the United States that went into effect on Jan. 1. The Qualification Standards, drafted by the Academy's Committee on Qualifications, vastly enhanced qualification standards in terms of experience and continuing education (CE).
• Developed plans for webcasts on topics such as the Code of Professional Conduct (Oct. 24, 2008) and the Actuarial Standards Board and actuarial standards of practice (Dec. 4, 2008).
• Formed a professionalism speakers' bureau and participated at various annual meetings of the Casualty Actuarial Society, the CCA, and the Society of Actuaries, as well as at meetings of local and regional actuarial clubs.
• Sponsored the Academy's annual Life and Health Qualifications Seminar to assist actuaries in meeting examination requirements and/or CE requirements in the Qualification Standards.
• Obtained the status of an approved sponsor of CE under the Joint Board for the Enrollment of Actuaries regulations and has provided enrolled actuaries with continuing education to meet the CE requirements of both the Joint Board and the Qualification Standards.
• Followed up on implementing the Academy's strategic plan by encouraging compliance with the conflict of interest acknowledgment signed by all Academy volunteers. The council also revised and streamlined the process for 2009.
• At the request of the Council of U.S. Presidents, formed a task force to help communicate actuarial uncertainty to principals and to the public.
• Made a recommendation, which was later accepted by the Academy Board of Directors, for the use of private reprimand as a form of discipline against subject actuaries, if warranted

Council on Professionalism resources

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