1. HOLDING SLIDE

2. SOA Update Actuaries Club of Philadelphia Jim Glickman FSA, MAAA, CLU
It is a pleasure to be here.
Jim Glickman
FSA, MAAA, CLU
SOA President-Elect

3. Our strategic plan helps guide us.
The development of the strategic plan had a long process, which included talking with a combination of stakeholders, from actuarial candidates to members and employers. We finalized the strategic plan last fall.
Our future depends on adapting to change and serving our customers well.
In our strategic plan, we have identified a number of key strategic initiatives, such as strategic research, and education in predictive analytics for both new and existing members.
The ultimate goal of our strategy is simple and resolute:
we want to be relevant to employer and client needs
we want to serve a large and growing profession and in turn provide meaningful work for current and future members
we want to be recognized and seen as credible with our stakeholders--employers, clients, policy makers, and the public -- by clearly defining what we do, what value we can add, and how we differ from other professionals
we want to expand the frontiers of the actuarial profession through ongoing strategic research.
In other words, we need to make sure we remain highly sought professionals and that stakeholders continue to seek out our members for their unique skills and high ethical standards.

4. Curriculum Changes
Curriculum changes for ASA and CERA
The changes are part of the SOA’s Learning Strategy, incorporating new technologies and methods of education.
The SOA offers a complete curriculum for future actuaries. The curriculum will include predictive analytics emphasis, plus a balance of long term and short term insurance
The changes reflect employer-valued components and the quality, rigor and depth of expertise expected of SOA members.
The ASA curriculum is changing in July 2018.
Short term/long term:
Short-term insurance coverages (e.g., health and general insurance) have been increasing in importance, particularly in global markets.
The new curriculum will provide a better balance between short-term and long-term topics.
Predictive analytics
With predictive analytics, we are creating opportunities for applying our actuarial skills and expertise inside and outside of the insurance industry
The use of predictive analytics has spread to most areas of actuarial practice.
The new curriculum will incorporate predictive analytics topics to better prepare SOA trained actuaries for today’s opportunities.
We also announced upcoming changes to several of the different tracks for the FSA. We will continue to provide updates on these 2018 changes.

5. Applications of Actuarial Skills
With Big Data, actuaries should be considered part of the team providing the industry context to tie the models to business value.
The actuarial organizations continue to encourage the expansion of the actuarial skill set into different roles and industries where actuaries can provide value.
We need to prove our business acumen, leadership skills, and the ability to communicate messages about estimated liabilities and risk.
Working with members and employers to explore other roles across different areas of the firm, where actuaries can apply their skills and add business value.
For example, the SOA has an intern program as a way to reach out to nontraditional employers.
This program allows us to share with them the knowledge and skill sets actuaries can bring to new roles.
We placed several interns last year at NASA, Microsoft, sports info and health companies covering analytics.
They all stated how impressed they were with the skills actuaries bring to the table.
Actuaries’ advantage with predictive analytics is that we understand the context. Also, strong code of ethics and professionalism.
Data visualization tools and communications skills also are important ways for employers and public to understand the analysis; recognize the value of actuaries.
Last year we hosted our first annual SOA predictive analytics seminar in Chicago. Our Board also approved moving forward with a predictive analytics certificate program, following our successful pilot program.
I also want to mention that we’ve highlighted actuaries working with predictive analytics with and life and health through our marketing campaign. There is a collection of case studies and videos for reference.
The SOA continues to develop new research and thought leadership in data analytics. Visit SOA.org/predictive for several different resources.

6. CAA Global
In 2016, the SOA and the Institute and Faculty of Actuaries (IFoA) announced an agreement to establish a not for profit, public interest joint venture called CAA Global.
It oversees, delivers and promotes the Certified Actuarial Analyst (CAA) qualification.
The CAA qualification is designed to give those working in actuarial support roles, and in the broader financial services sector, a path to acquire sound technical skills and to bring them into a regulatory framework.
The joint venture helps to establish the CAA as a consistently recognized and sought after global qualification.

7. Any additional questions?
Thank you. That concludes our session.