American Academy of Actuaries

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American Academy of Actuaries

• www.actuary.org

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Midwest Actuarial Forum

• Presentation by Dan McCarthy
• March 12, 2003

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The American Academy of Actuaries

• Whats Going On
• Why You Should Care
• Its Your Academy - leadership and staff need to
  hear from you
• Dont forget about www.actuary.org

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Whats Our Mission?

• Represent the entire U.S. actuarial profession
• Serve the public and the profession, nationally
  and internationally
• How?

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Professionalism

• Establish, maintain and enforce high standards
  of
• Practice
• Qualification
• Conduct

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Public Policy(Fed/State etc.)

• Provide
• Information
• Analysis
• Education

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Protect/Expand Actuarial Turf (with other
organizations)

• Represent and advance the actuarial profession
• Increase public recognition of the value of what
  we do

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How Do We Go About Doing Those Things?

• Lets Look at the Major Ways

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Increase our Public Policy Influence

• Be sure that centers of influence know who
  actuaries are and who the Academy is
• Some old, some new
• New includes
• The Fed
• Think tanks
• International organizations

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Increase our Public Policy Influence (contd)

• Old includes
• NAIC (lots going on, as always)
• Congressional Staffs (their level of interest in
  what we bring to the table continues to increase)

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Increase Recognition of the Value of What We Do

• Capital Hill Visits
• Briefing sessions
• Crisp communication needed (issue brief)
• Regulatory Agencies - Federal, State
• The Fellows
• Ron Gebhardtsbauer (Pension)
• Cori Uccello (Health)

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Actuarial vs. Political Activities

• A recent topic on Casnet
• A recent subject of discussion at an Academy
  Leadership meeting
• Actuarial and political are not totally
  distinct
• We need to be research-based
• We have several internal constituencies

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Increase Advocacy for the Actuarial Profession

• Legal/regulatory recognition of the Academy and
  of ASOPs, etc.
• Help to assure that public service actuarial
  positions are staffed.
• Promote recognition of actuaries in new areas and
  before new audiences

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Strengthen/Improve Standards and Discipline

• Get actuaries more involved in the development of
  ASOPs.
• See that ASOPs are regularly thought of by key
  publics.
• Develop Practice Notes.
• Get the discipline process better-understood by
  key publics.

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Build Awareness/Support for Standards and
Discipline

• Applies both to actuaries and to our publics.
• Build educational programs around ASOPs, the Code
  of Conduct, etc.
• Review ABCD operations.
• Get the ASB, ABCD leaders more visible.

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ENRON

• A potential wild card for all professions

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Expand Academy Financial Resources/Efficiency

• Efficiency means, among other things, looking
  carefully at the need for travel.
• The revision of the website enables us to develop
  new habits of communication and member service.
• Development and fair pricing of educational
  programs is both a member service and a profit
  center

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Improve AcademyltgtMember Communications

• We learned a lot from an outside Communications
  Audit.
• Better graphics and design, sharper content
• Redesigned Web Site (www.actuary.org)
• We are and will be be at more meetings in more
  places, talking and listening.

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Improve Academy Organizational Effectiveness

• This is a job that is never completed.
• Rick Lawson has made a big difference.
• Inter-organizational support is crucial.
• Organizational Effectiveness in the long run
  means serving YOU better.
• International is still, in part, a work in
  progress IAA, IASB, cross-border practice, etc.
  

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What are YOUR Thoughts?
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American Academy of Actuaries

• www.actuary.org