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  #31  
Old 03-03-2011, 04:16 PM
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Actuarial work product is any form of communication of an analysis that would normally be done by an actuary. CEO/CFO/finance/market/sales/underwriting done by an actuary is not actuarial work product.
Nice! I'm in the clear, though I still find the definition to be a bit vague.
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We, the actuarial profession, did several things badly.

1. Pandering - we marketed ourselves as finding clever ways to give the public pension sponsors something for nothing
2. Ignored consequences - we found clever ways to allow politicians to ignore the true costs of benefit increases, like negative amortization of losses
3. Low standards of measurement - GASB had the most simple-minded of standards, and is now only going half-way to raise the standard.
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  #32  
Old 03-03-2011, 04:24 PM
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Nice! I'm in the clear, though I still find the definition to be a bit vague.
Yeah, it's not perfect, but it's more of a 'if your user thinks this is an actuarial WP, it is.' type definition.
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"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." -- Woodrow Wilson

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  #33  
Old 03-03-2011, 04:46 PM
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Was it because he just wasn't paying attention, or just refuses to believe the change, or what?
Wasn't paying attention. Sort of a moot point since he doesn't issue SAOs, but I was still surprised he wasn't up to speed.
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  #34  
Old 05-08-2011, 07:00 PM
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Does anyone have any recommendations for good resources to keep up with organized continuing education without paying an arm and a leg?
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  #35  
Old 05-08-2011, 07:01 PM
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Where are you located [oh, I'm sure there are plenty of actuaries in purgatory, but I bet they're not current on their dues]?

Some cities have some active actuarial clubs with pretty cheap meetings that will satisfy organized/structured credits.

Everything else you can get for free via reading.
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  #36  
Old 05-09-2011, 09:55 PM
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Where are you located [oh, I'm sure there are plenty of actuaries in purgatory, but I bet they're not current on their dues]?

Some cities have some active actuarial clubs with pretty cheap meetings that will satisfy organized/structured credits.

Everything else you can get for free via reading.
Really? Does company's internal training count?
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  #37  
Old 05-10-2011, 05:47 AM
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Seriously, these docs aren't that long. Read the requirements (and you log some CPE time! For professionalism!) linked to by MountainHawk in the first post of this thread.

You can read magazine articles for most of your CPE.

Everyone seems to think that they need to have formal programs for CPE credits. That's only for a very small amount of the required credits (under U.S. requirements)
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  #38  
Old 05-10-2011, 07:52 AM
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Really? Does company's internal training count?
If you are subject to the US rules, no. Unless there are people from a different employer in attendance.

For that matter, many of the webcasts/virtual sessions are much less than going to an offsite meeting, what with travel and lodging costs.
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Actuaries (as a general rule) are uniquely UNqualified to work with derivatives.
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learning what the data are, what they mean, why they are plural, etc.
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  #39  
Old 05-10-2011, 01:14 PM
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If you are subject to the US rules, no. Unless there are people from a different employer in attendance.
Just to be clear that the question and answer match.

This is true for organized credit.

But that is only 6 of the 30. Internal training is good for the rest.
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  #40  
Old 05-14-2011, 11:18 AM
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if you are not doing "actuarial opinions" then AAA and go blow, but then you will still be subject to CAS rules and can comply by part C.

this allows one to use their (CAS) liberal definition of "orginized activities" and just watch stuff online or go to your company sessions ect.

for example a person doing IT work for an actuary department but wants to keep a ACAS designation.
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