Professionalism News and Events

Ingrained cultural traditions—such as those found in many regions of the nation—can offer insights into developing a professional culture that can be integrated into actuaries’ daily practice, writes Joeff Williams, the Academy’s new vice president of professionalism.
(November 30, 2016)
Academy Immediate Past President Tom Wildsmith presented on “Developments in Actuarial Professionalism 2016” to more than 250 attendees of the annual meeting of the Actuarial Society of New York on Nov. 9 in New York City. He discussed the basic structures and key elements of U.S. actuarial professionalism, developments in actuarial professionalism, and tools and resources that are available to help actuaries keep up to date on professionalism. Also on Nov. 9, at a meeting of the Actuaries Club of Boston, Academy Secretary/Treasurer and Committee on Qualifications member Tom Campbell delivered a professionalism presentation with a focus on changing, or qualifying for emerging, practice areas as well as the Academy’s U.S. Qualification Standards Attestation Form. Actuarial Board for Counseling and Discipline member David Driscoll spoke at the Actuaries’ Club of Hartford & Springfield in Hartford, Conn., on Nov. 10, the same day that Academy General Counsel and Director of Professionalism Paul Kollmer-Dorsey provided a professionalism update at the Middle Atlantic Actuarial Club’s fall meeting outside of Baltimore.  (November 11, 2016)
Academy President Tom Wildsmith looks at the foundation of the Actuarial Standards Board (ASB) in “The Academy and the Web of Professionalism,” part three of his presidential papers, focusing on the development of actuarial standards of practice (ASOPs). Defining best practices—and preserving the public’s trust through a flexible, self-regulatory system—is and always has been at the at the heart of the ASB and ASOPs, and the ASB’s integrity and transparency will ensure that appropriate ASOPs serve the profession and the public well into the future, Wildsmith writes. (ContingenciesNovember/December 2016) (November 01, 2016)
Actuarial Board for Counseling and Discipline (ABCD) Chairperson Janet Fagan outlines the resources and guidance available to actuaries in “ABCD Guidance: A Critical Element of Actuarial Self-Regulation,” covering professional ethics, the need for public confidence, and improving practice. 
(October 31, 2016)
The September “Professionalism Counts” column serves as a reminder that to be qualified to issue statements of actuarial opinion in 2017, actuaries must have earned 30 hours of continuing education during 2016, and delineates how those hours may accumulate.
(September 30, 2016)
In the second of a four-part series, President Tom Wildsmith explores how the U.S. Qualification Standards have helped create and support the infrastructure of U.S. actuarial professionalism. (Contingencies, September/October 2016) (September 01, 2016)
In the August “Professionalism Counts” column, Maryellen Coggins, chairperson of the Actuarial Standards Board (ASB), outlines how an individual’s professional judgment coordinates with the actuarial standards of practice promulgated by the ASB. (August 31, 2016)
In the July “Professionalism Counts” column, Maryellen Coggins, chairperson of the Actuarial Standards Board, explores the establishment of Actuarial Standard of Practice (ASOP) No. 1, which documents the principle-based approach to all the ASOPs. (July 31, 2016)
The Committee on Professional Responsibility (COPR) of the Academy’s Council on Professionalism has released a new discussion paper, Considerations of Professional Standards in International Practice. As actuarial work crosses national borders, actuaries are becoming exposed to a variety of laws and professional standards from different jurisdictions. Consequently, questions frequently arise about the professional requirements that apply in international situations. This discussion paper identifies and explores some of these issues. (July 08, 2016)
The Council on Professionalism updated two sections of the 2004 discussion paperStructural Framework of U.S. Actuarial Professionalism—Concepts on Professionalism. The two sections, “U.S. Actuarial Standards of Qualification” and “U.S. Actuarial Standards of Practice” were updated to reflect developments that have occurred in those areas since the original date of publication. (July 01, 2016)