Rating factors seem to be on insurers’ minds — and rightly so. In our cover story, Annmarie Geddes Baribeau explores how fairness comes into play regarding predictive insurance rating factors. Because of their profound understanding, actuaries have the authority to speak on the subject as they attempt to maintain a balance between insurers and policyholders.
Last February the U.S. National Oceanic and Atmospheric Administration (NOAA) issued a report predicting that sea levels along the coast of the U.S. will rise a foot or more by the year 2050. Rade Musulin, who is no stranger to sea level rise, was in the midst of writing our feature story, “Actuarial Evolution: Climate Risk is Our Next Frontier,” when the report dropped. Musulin contends that actuaries have the pertinent skills that can be repurposed to aid companies with decarbonization and sustainability practices for Earth. Actuaries will also need to develop new skills for this new frontier.
Volunteers are the lifeblood of an organization. In this issue, those members who have received the CAS’s highest honors tell their stories of dedication and contributions to the Society. Their work has enriched the CAS and the award winners themselves.
I hope you enjoy this issue.
The November-December 2021 and the January-February 2022 issues of Actuarial Review contain errors of photo misidentification.
In the November-December AR story, “2021 CAS Trust Scholarship Recipients Announced,” Joshua Gordon is misidentified as Reiner Atstathi. Gordon is the recipient of a $5,000 scholarship from the CAS Trust.
In the January-February photo spread of the 2021 Annual Meeting, Jacob Galecki is misidentified as Jacob Kuhn. Galecki is the founder of Galecki Search Associates.
Actuarial Review regrets these errors.