The Data Science and Analytics Committee released an issue paper, Defining Big Data. The paper is intended to build a shared language and concepts of big data and associated themes for the actuarial community, regulators, and other interested parties.
The Retirement Policy and Design Evaluation Committee released an issue brief, Collective Defined Contribution Plans. The issue brief defines Collective Defined Contribution (CDC) plans broadly, provides some examples of CDC plans that exist in various countries, discusses some advantages and criticisms of CDC plans—and considers possible options to address the criticisms.
Keeping you in the know—the latest news from the Academy
PCCEF Releases Issue Brief on Insurance Fraud
The P/C Committee on Equity and Fairness (PCCEF) released an issue brief, Insurance Fraud: Impacts on Premiums, Claim Costs, and the Public. The brief discusses regulatory actions to prevent and report fraud and approaches actuaries can take to quantify the damage fraud causes.
Our membership software hosting server will undergo maintenance this weekend—from 9 a.m. to 6 p.m. EDT Saturday, Oct. 19. Member-related functions will be disabled during this time.
Welcome! If you are attending the upcoming Casualty Actuarial Society (CAS) Annual Meeting and not currently a member of the American Academy of Actuaries, we invite you to register for the Academy’s Nov. 4 luncheon taking place at the meeting.
Actuarial Professionalism Considerations for Generative AI
The Committee on Professional Responsibility (COPR) released a professionalism discussion paper, Actuarial Professionalism Considerations for Generative AI. The paper describes the use and professionalism considerations for actuaries using generative artificial intelligence (GenAI) to provide actuarial services.