Society of Actuaries - 2003 Archived Yearbook

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2003 Yearbook MEANING OF THE FSA AND ASA DESIGNATIONS The Society of Actuaries Constitution states that a member may use the designation "Fellow of the Society of Actuaries" or "Associate of the Society of Actuaries," as applicable, or the corresponding initials. Since these designations will be viewed by the public as conveying a certain professional standing, this brief explanation of their meaning is intended to be helpful to our members and to the public. The Society of Actuaries, as described in our Mission and Vision Statement, is an education, research, and professional membership organization. Achieving Fellowship or Associateship status is based primarily on completing specified educational requirements, with no requirement related to a certain number of years of practical actuarial experience. The FSA and ASA designations signify completion of the following educational achievements: ● Associate: Has developed an understanding of the basic mathematics underlying actuarial science and of the application of fundamental mathematical concepts to technical actuarial problems. The Associate attaining membership after July 31, 1995, has also demonstrated a general understanding of financial security systems and of fundamental investment management principles. The Associate attaining membership in 2000 or later has also completed a professionalism course covering the professional code of conduct and the importance of adherence to recognized standards of practice. ● Fellow: Has demonstrated a knowledge of the business environments within which financial decisions concerning pensions, life insurance, health insurance, and investments are made including the application of mathematical concepts and other techniques to the various areas of actuarial practice. The Fellow has further demonstrated an in-depth knowledge of the application of appropriate techniques to a specific area of actuarial practice. When Associate status is achieved, the individual becomes a member of the Society of Actuaries, is able to attend meetings, join in discussions, participate on Committees, join Sections, and is subject to the code of conduct for the profession. When Fellowship is achieved, the actuary may vote in Society of Actuaries elections. While these educational accomplishments are a vital part of an actuary's progress, they must be combined with appropriate training and practical experience in order for an actuary to be qualified to
practice and to give advice on a specific issue. It is important to note that the Society of Actuaries' professional designations, of themselves, recognize educational accomplishment only. In most cases, by the time an individual reaches the Fellowship level, considerable practical experience has been acquired. The combination of educational achievement, practical experience, and formal qualification (e.g., Enrolled Actuary; Fellow, Canadian Institute of Actuaries; Member, American Academy of Actuaries) permits the actuary to practice within his or her area of expertise. Back to Yearbook | SOA Homepage
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2003 Archived Yearbook
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Course 2 Interest Theory, Economics
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Requests for application forms or o
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Israel - Alan Dubin, FSA dubin@netv
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Edward L. Robbins Vice-President Sh
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Kathleen R. Wong Dale H. Yamamoto G
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SECTION 1. Place and Time. The annu
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Board. Members of the Board of Gove
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Board of Governors. The President o
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Treasurer shall strike the name of
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een received. Such notice shall adv
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On October 15, 2000, the SOA Board
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delegated by such an organization.
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should indicate the extent to which
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Principal would be served by the Ac
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MEMORANDUM TO: The Members of the A
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With respect to the definitions, a
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commenters questioned how an actuar
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HOME | SITE MAP | EMAIL WEBMASTER
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Course 7 Examination Committee Cour
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Committee on Life Insurance Company
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Ronald Gebhardtsbauer 2004 Larry M.
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Audit Committee 2002 - 2003 This Co
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Committee on Discipline 2002 - 2003
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Committee on Strategic Planning 200
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Gail M. Ross President Mary Frances
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The Implementation Task Force on Se
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Operations Committee 2002 - 2003 Th
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Examination and Basic Education Com
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Board Advisory Group on Education a
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Professionalism Education Managemen
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Staff Liaisons: Marta L. Holmberg,
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Course 2 Examination Committee 2002
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Course 4 Examination Committee 2002
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EA-2 (Segment A) Examination Commit
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Course 5 Education Objectives Commi
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Sharon Giffen Luce Giroux R. Dale H
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Course 6 Education Objectives Commi
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Jonathan W. Porter Leonard J. Rebac
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Advisory Group Christopher M. Bone
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Course 8-Finance and Course 8-Inves
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Course 8-Investments Examination Co
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Course 8 - Health, Group Life and M
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Course 8-Individual Insurance Educa
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Janet W. Reinke John W. Robinson Di
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Actuarial Promotion Committees 2002
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Task Force on Academic Infrastructu
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Joint CAS/SOA Committee on Career E
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Back to Actuarial Promotion Committ
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Board Advisory Group on Publication
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Editorial Board - The Actuary 2002
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Honorary Advisory Board: Patrick L.
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Daniel A. Nitz Peter Lynn Perkins C
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Editorial Board - Monograph Series
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Board Advisory Group on Continuing
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Back to Committees & Task Forces
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Meetings and Seminars Staff Liaison
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Board Advisory Group on Research 20
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Committee on Knowledge Extension Re
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Joint CAS, SOA Committee on Actuari
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Admissions Committee 2002 - 2003 Th
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Finance Practice Area Committees 20
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Task Force on the Personal Actuary
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Committee on Finance Research 2002
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Finance Practice Area Professional
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Committee on the Dynamic Financial
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Back to Finance Practice Area Commi
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Committee on Health Benefit Systems
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Healthcare System in Crisis Task Fo
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Joint SOA/HIAA Disability Chartbook
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Committee on Health Benefit Systems
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Group Life Insurance Experience Com
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Long-Term-Care Experience Committee
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Medical Large Claims Experience Com
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Committee on Post Retirement Welfar
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Committee on Health Professional De
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Life Practice Advancement Committee
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Committee on Life Insurance Mortali
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Back to Life Insurance Practice Are
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Individual Life Insurance Experienc
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Mortality and Morbidity Liaison Com
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Task Force on Mortality Guarantees
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Committee on Life Insurance Special
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Retirement Systems Practice Area Co
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Committee on Retirement Systems Res
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Retirement Plans Experience Committ
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Committee on Retirement Systems Pro
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Committee on Post Retirement Needs
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Joint Academy/Society of Actuaries
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Board Advisory Group on Internation
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China Region Committee Southeast As
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Sherry Lu, FSA, FCIA 1998 Education
Page 185 and 186: Robert Fok Tak-Pun, FSA 1985, FCIA
Page 187 and 188: Southeast Asia Committee (SEAC) Mem
Page 189 and 190: Martha Sikaras Manager of Global In
Page 191 and 192: China Region Committee Meeting Minu
Page 193 and 194: Latin America Committee 2002 - 2003
Page 195 and 196: Actuarial Education and Research Fu
Page 197 and 198: 2003 Conflict of Interest Policy fo
Page 199 and 200: equirements: (I) The applicant shal
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Page 203 and 204: PUBLIC EXPRESSION OF PROFESSIONAL O
Page 205 and 206: DENMARK: Danish Actuarial Associati
Page 207 and 208: Phone: 81-3-5219-2384 Email: yuji-o
Page 209 and 210: 2003 Yearbook Deceased Members Hype
Page 211 and 212: ASA 1963 ASA 1995 ASA 1983 FSA 1993
Page 213 and 214: FSA 1961 ASA 1948 ASA 1969 FSA 1978
Page 215 and 216: ASA 1952 ASA 1958 FSA 1958 FSA 1963
Page 217 and 218: In Memory of J. Ross Hanson, FSA J.
Page 219 and 220: In Memory of Robert M. Katz, ASA Ro
Page 221 and 222: In Memory of Charles W. McMahon Apr
Page 223 and 224: In Memory of W. Tris Stevens March
Page 225 and 226: In Memory of David P. Hayes Septemb
Page 227 and 228: to their fullest. Even more importa
Page 229 and 230: In Memory of Alfred W. Perkins, ASA
Page 231 and 232: 2003 DUES The schedule of dues (U.S
Page 233 and 234: ● Current year’s dues will be d
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Page 239 and 240: through difficult times; its reputa
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Page 243 and 244: The long-term trend in the general
Page 245 and 246: 2003 Yearbook Membership Statistics
Page 247 and 248: 2003 Yearbook Analysis of Membershi
Page 249 and 250: 2003 Yearbook Schedule of Membershi
Page 251 and 252: Vietnam Zimbabwe 4 0 0 2 213 0 1 4
Page 253 and 254: 2003 Yearbook Society of Actuaries
Page 255 and 256: For the Profession ● ● ● ●
Page 257 and 258: 2. Teachers Pension Plan Mortality
Page 259 and 260: Douglas C. Doll Stephen G. Kellison
Page 261 and 262: Harry H. Panjer James F. Reiskytl J
Page 263 and 264: Linda B. Emory Gary Corbett Anna M.
Page 265 and 266: Julius Vogel Ian M. Rolland Secreta
Page 267 and 268: Secretary Fredrick E. Rathgeber Her
Page 269 and 270: Treasurer Walter L. Grace Editor Al
Page 271 and 272: Editor John R. Larus Alden T. Bunya
Page 273 and 274: advice, "When you come to the fork
Page 275 and 276: There must be a lot of inventing in
Page 277 and 278: The questions that emerged were, "W
Page 279 and 280: The Annual Prize The Triennial Priz
Page 281 and 282: July 1, 1991 - June 30, 1992 Robert
Page 283 and 284: 1988-1991 A. Stephen Beach "Statuto
Page 285 and 286: 1999 Uwe Schmock "Estimating the Va
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and C.D. Daykin, G.D. Bernstein, S.
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1999 (No Award) 1998 (No Award) 199
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1997 (No Award) 1996 (No Award) 199
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1995 Gary Parker, Ph.D., A.S.A. "St
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1995 - 1997 Andrew Ang and Michael
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career/guidance counselors and educ
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BeAnActuary.org), developed jointly
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Kara L. Clark, F.S.A. Staff Fellow
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Lois Chinnock Section & Election Co
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Society of Actuaries Strategic Plan
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can grow while continuing to provid
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profession must also aggressively i
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● ● ● ● ● ● ● ● ●
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SOA members, traditional and non-tr
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Strategies High-level planned appro
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Supporting Goals: 4.1 Marketing pla
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Supporting Goals: 9.1 Members repor
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12.5 Information provided supports
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(1) The President and the President
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(6) Each Participating Organization
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(13) Each Participating Organizatio
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Membership Communications (22) In o
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