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  #11  
Old 05-26-2016, 08:06 AM
actexp actexp is offline
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It's an internal job title. Some large companies have multiple chief actuaries and multiple CEOs (different business units or other rationales). Presumably can sign annual statement, attest to reserves and such, but like people say, not necessarily. Bottom line-it's just a title, albeit usually an important and meaningful one.
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  #12  
Old 09-13-2017, 05:18 PM
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Quote:
Originally Posted by Brock View Post
In my experience, Chief Actuary is just a title given to whomever the company wants to take responsibility for managing all the actuating. The specific responsibilities and the amount of actuating vary by company.
Good to know! You will all refer to me as Chief Keef from now on.
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  #13  
Old 09-13-2017, 06:55 PM
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Originally Posted by JMO View Post
IME, the Chief Actuary is typically some sort of VP as well. And VPs have to be "approved" by the board of directors, although it appears to be a time-consuming formality most of the time.
I'm fairly certain that will vary by company.
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Old 09-13-2017, 06:56 PM
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In Canada I believe your regulator needs to approve changes to who is the Appointed Actuary.
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  #15  
Old 09-14-2017, 10:35 AM
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Originally Posted by snikelfritz View Post
In Canada I believe your regulator needs to approve changes to who is the Appointed Actuary.
In the U.S., too (or be notified, at least). But as noted earlier, Chief Actuary and Appointed Actuary are different things, even if one person performs both roles.
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Old 09-14-2017, 01:23 PM
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The CMS Chief Actuary is an ASA. Fun fact.

https://www.cms.gov/About-CMS/Leader...Spitalnic.html
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Old 09-14-2017, 02:34 PM
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I don't think there are any requirements for a company to name someone chief actuary.
But the Chief Petosky position has very precise requirements and special skill set.
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