In this Ask an Actuary Podcast, an actuarial student just beginning on his actuarial path, interviews Jeff Passmore, Chair of the Investment Council of the Society of Actuaries, about his actuarial journey. Investments touch nearly every other branch of actuarial work, and investment actuaries play a key role in matching asset portfolios to the nature of the liabilities, be they pensions or various insurance products. Jeff also shares his views on investment actuarial work, as well as the credentialing and continuing education processes.

Direct download: Ask_An_Investment_Actuary.mp3
Category:Investment & Risk -- posted at: 9:50am CDT

Nicole Kim, FSA, MAAA, and the Director at KPMG has a conversation with Mindy Lin and Edmond Eberle on her experiences in an actuarial consulting role, and her outlooks on the future of actuarial industry.

Direct download: SOA17_10_AOF_01_Interview_with_Nicole_Kim.mp3
Category:Actuary of the Future -- posted at: 1:18pm CDT

Joe Wurzburger, SOA staff fellow, interviews Bruce Stahl, ASA, MAAA on the correlation between interest rates and inflation of LTC expenses, and how the correlation may impact the experience of LTC insurance.

Tax and statutory accounting changes present complex legal questions and challenges in product development and financial reporting, underscoring the importance of collaboration between actuarial, financial and legal departments. To get perspective on best practices for tax actuaries collaborating with accountants and lawyers, we interviewed three representative tax leaders who included the chief tax officer (CTO), chief tax actuary, and chief tax counsel from three major U.S. insurance companies. From the February 2017 Taxing Times. Written by Sheryl Flum, Rena Kuliyeva and Jacqueline Yang.  Read by Dan Theodore.

Direct download: TTFeb2017BestPracticesCollaboration.mp3
Category:Taxation -- posted at: 11:25am CDT

Dave Dillon, FSA, MAAA interviews Randy Herman, FSA, MAAA about the November 2016 Health Watch article  “Review: Do Individuals Make Sensible Health Insurance Decisions? Evidence From a Menu With Dominated Options” that he co-authored. They discuss the sub-optimal health insurance choice decisions made by employees, methods to improve decision quality and how concepts from behavioral finance theory might help explain the results.

Direct download: SOA17_04_Health_01_-_Employee_Choice_Issue.mp3
Category:Health -- posted at: 4:26pm CDT

The IRS recently released Notice 2016-631 providing safe harbor guidance for use of the 2017 CSO in calculations under sections 7702 and 7702A. This article contains a summary which many actuaries will find quite helpful. Written by John T. Adney, Craig Springfield and Brian King. Read by Dan Theodore.

Direct download: TTFeb2017IRS2016-63SafeHarborGuidance.mp3
Category:Taxation -- posted at: 3:20pm CDT

This podcast gives a brief overview of the payment systems being introduced by MACRA as well as the changes to Medicare Supplement.

Direct download: SOA17_05_Health_02_MACRA_Medicare_Supplement.mp3
Category:Health -- posted at: 10:36am CDT

Listen to Tim Rozar of RGAx (innovation incubator wholly owned by RGA) as he discusses his career trajectory from traditional actuary into a leadership position in an innovation environment.  Learn how you can bring innovative approaches to your role ... whatever it might be.  Tim is an elected member of the SOA Board of Directors.

Listen in as Anders Larson, FSA, MAAA, interviews Shea Parkes, FSA, MAAA about Random Forests.  Random Forests are a very important machine learning algorithm that all practitioners should be very comfortable with. They provide great performance with minimal tuning and headache. As a bonus, this session features what is hopefully much improved audio.

Direct download: SOA_17_02_PAF_02_-_Random_Forests.mp3
Category:Predictive Analytics and Futurism -- posted at: 8:54am CDT

Listen in as Shea Parkes, FSA, MAAA interviews Timothy Paris, FSA, MAAA and Steve Wright, FSA, MAAA from Ruark Consulting.  Tim and Steve have developed predictive analytics expertise at their company over the last few years.  They share stories from that journey and some suggested resources for others wanting to do the same.