Maybe I'm misreading what he wrote but when he says,
An Associate member of PAA will be required to demonstrate an expert’s understanding of risk transfer and risk-sharing mechanisms, the legal and competitive environment in which U.S. insurers and self-insurers operate, and the analytical skills that are fundamental to accepted actuarial methods of projecting costs.(emphasis mine)
he's saying that an actuary should be defined by old-school skill sets. Like it or not, advances in risk classification, the projection of future costs (i.e. pricing and reserving) are being made by people with richer backgrounds in statistics than the typical CAS member. I would add to
For an increasing number of actuaries, probability and statistical formulae are
|now a substitute for enhance and extend experienced actuarial and business judgment.
There are many actuaries that think that their work consists of things like selecting development factors, keeping up with the latest accounting changes, and using sumproduct are the height of actuarial sophistication. Those attitudes, as they appear in this article, will result in a decline in opportunities for younger actuaries.
I do, however, agree with his assertion "Why any actuary chooses to be a member of the AAA is a puzzle."