Professionalism News and Events

In “If You Get That Call,” Actuarial Board for Counseling and Discipline (ABCD) Chairperson Richard Block writes that compliance with the Code of Professional Conduct’s Precept 14, requiring the actuary to cooperate with the ABCD, often boils down to Will Rogers’ adage, “If you find yourself in a hole, stop digging.” (Actuarial Update, December 2017)
(December 31, 2017)
The final professionalism webinar of 2017 delivered a topic that many members have long requested—case studies and examples of professionalism issues that have come before the Actuarial Board for Counseling and Discipline (ABCD). “Tales From The Dark Side: Ethical Cases at the ABCD” featured ABCD members Godfrey Perrott and David Driscoll, who drew upon staples of popular culture to provide entertaining and enlightening examples of such issues.  More than 2,300 people attended the Dec. 20 webinar, which was moderated by Academy General Counsel and Director of Professionalism Paul Kollmer-Dorsey.
(December 21, 2017)
“Professionalism Resources at Your Fingertips” spotlights the Academy’s many available professionalism resources via publications, the Code of Professional Conduct, the U.S. Qualification Standards (USQS), the Academy’s USQS Attestation Form, and via the Actuarial Standards Board and the Actuarial Board for Counseling and Discipline. (Actuarial Update, November 2017) (November 30, 2017)
The actuarial standards of practice (ASOPs) require actuaries to take action, by stating what the actuary should do, consider, document, and disclose in the course of performing actuarial services. Actuarial Standards Board Chairperson Maryellen Coggins looks at “Reliance and the ASOPs: In Good Faith and Subject to Disclosure,” through the lens of reliance on third parties, reasonableness, and suitability of data. (Actuarial Update, October 2017)
(October 31, 2017)
As the third quarter comes to a close, it’s time to evaluate your annual required—and documented—continuing education (CE) requirements, writes Academy President Bob Beuerlein. CE is required under the U.S. Qualification Standards, and the Academy offers many opportunities for actuaries to gain their necessary credit, including the November Annual Meeting and Public Policy Forum. (Actuarial Update, September 2017)
(September 29, 2017)
In the fourth and final installment of his presidential papers series “Professionalism in Action,” Academy President Bob Beuerlein focuses on the importance of implementing professional and ethical standards in the actuarial profession. (Contingencies, September/October 2017) (September 01, 2017)
The words “must,” “should,” and “may” in Actuarial Standard of Practice (ASOP) No. 1 offer guidance to all ASOPs, which help to protect the public by defining what constitutes appropriate practice. Understanding their definitions and professionalism implications will help you to satisfy all of standards of practice that apply to your work and, thereby, also help you to achieve this broader purpose. (Actuarial Update, August 2017 (August 31, 2017)
Following the Academy’s June professionalism webinar on actuary-to-actuary communication, former Actuarial Board for Counseling and Discipline (ABCD) Chairperson Janet Fagan writes about questions surrounding Precept 10, “Courtesy and Cooperation,” when a principal replaces one actuary with another, and the ABCD’s role in providing guidance. (Actuarial Update, July 2017) (July 31, 2017)
In Part 3 of the “Professionalism in Action” series, Academy President Bob Beuerlein looks at professionalism and new and emerging practice areas, and urges actuaries to use the Code of Professional Conduct and the resources of the Committee on Qualifications and the Actuarial Board for Counseling and Discipline. (Contingencies, July/August 2017) (July 01, 2017)
Making sure your continuing education (CE) is relevant involves completing and documenting 30 hours of CE each year, as required under the U.S. Qualification Standards (USQS). While there are many ways to earn CE, keep in mind it must be relevant to the actuarial services you provide to satisfy USQS requirements. (Actuarial Update, June 2017) (June 30, 2017)