1. American Academy of Actuaries

2. CAGNY
Presentation by Dan McCarthy
May 29,, 2002

3. The American Academy of Actuaries
What’s Going On
Why You Should Care
It’s Your Academy - leadership and staff need to hear from you
Don’t forget about

4. What’s Our Mission? Represent the entire U.S. actuarial profession
Serve the public and the profession, nationally and internationally
How?

5. Professionalism Establish, maintain and enforce high standards of:
Practice
Qualification
Conduct

6. Public Policy(Fed/State etc.)
Provide :
Information
Analysis
Education

7. Protect/Expand Actuarial Turf (with other organizations)
Represent and advance the actuarial profession
Increase public recognition of the value of what we do

8. How Do We Go About Doing Those Things?
Let’s Look at the Major Ways

9. 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

10. Increase our Public Policy Influence (cont’d)
“Old” includes:
NAIC (lots going on, as always)
Congressional Staffs (their level of interest in what we bring to the table continues to increase)

11. 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)

12. 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

13. 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.

14. 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.

15. ENRON
A potential wild card for all professions

16. 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

17. Improve Academy<>Member Communications
We learned a lot from an outside Communications Audit.
Better graphics and design, sharper content
Redesigned Web Site (
We will be be at more meetings in more places, talking and listening.

18. 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.

19. What are YOUR Thoughts?

20. American Academy of Actuaries