From the June 2017 Taxing Times: The federal income tax law was once described by a federal judge as a conspiracy in restraint of understanding. While people—including tax professionals—at times feel that way, there are some terms in the tax law that appear reassuringly simple. And yet some of those terms are deceptively simple. This edition of the “In the Beginning” column devotes itself to exploring, at a basic level, the tax meaning of three concepts that are fundamental to the income taxation of life insurance products: premiums paid, investment in the contract, and basis. Written by John T. Adney.  Read by Dan Theodore.

Direct download: TT_June1017_InTheBeginning.mp3
Category:Taxation -- posted at: 10:40am CDT

From the June 2017 Taxing Times: The federal income tax law was once described by a federal judge as a conspiracy in restraint of understanding. While people—including tax professionals—at times feel that way, there are some terms in the tax law that appear reassuringly simple. And yet some of those terms are deceptively simple. This edition of the “In the Beginning” column devotes itself to exploring, at a basic level, the tax meaning of three concepts that are fundamental to the income taxation of life insurance products: premiums paid, investment in the contract, and basis. Written by John T. Adney.  Read by Dan Theodore.

Direct download: TT_June1017_InTheBeginning.mp3
Category:Taxation -- posted at: 10:40am CDT

This podcast discusses the recently released report describing the Human Mortality Database, a unique open‐access collection of detailed mortality and population data for 38 countries with complete and reliable vital registration and census data. This report overviews the development and completion of the HMD data series down to a cause of death level for an initial set of eight populations: Canada, Czech Republic, England and Wales, France, Japan, Norway, Sweden, and the United States.

For further information please find the report here:

https://www.soa.org/research-reports/2017/2017-hmd-cause-of-death/

 


This podcast discusses the recently released article describing the demographics and geography of the increasing number of opioid deaths in the United States. The article summarizes data available from the Centers for Disease Control.

For further information please find the article here:

https://www.soa.org/Files/Research/mortality-opioid-deaths.pdf

 


Listen in as Stephen Camilli, FSA, reads his article "The Birth of an Actuarial Learning Company," which was featured in the March 2017, Reinsurance News. This article outlines the birth and history of ACTEX Learning, an actuarial publishing and education company, which has changed over the years along with the profession’s actuarial exam and CPD systems. It also highlights one example of a non-traditional actuarial career path, working in the development of actuarial education and training materials. 

Direct download: SOA17_12_Reinsurance_01_SCamilli_Article_v2.mp3
Category:Reinsurance -- posted at: 12:06pm CDT

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