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October 03, 2006


Critical Review of the U.S. Actuarial Profession
New: Draft report released

The CRUSAP Task Force invites comments on its much-anticipated draft report, which includes a number of recommendations for the U.S. actuarial profession. The comment deadline is Oct. 31.


CRUSAP, a presidential initiative of the American Academy of Actuaries, was launched in May 2005 with the establishment of the CRUSAP Task Force. The task force is conducting a critical analysis of the American actuarial profession, using enterprise risk management and management consulting techniques.

Focusing on such challenges as globalization, the decline of pension plans, and a changing financial-services marketplace for actuarial skills, CRUSAP's mission is to identify risks and opportunities facing the U.S. profession, and to make recommendations for managing them.

The members of the task force are

* Fred Kilbourne (chairperson), president of the Conference of Consulting Actuaries and former president of the Casualty Actuarial Society
* Bob Collett, former chairman of Milliman Global
* Ken Kent, vice chairperson of the American Academy of Actuaries Council on Professionalism
* Guy King, former chief actuary for Medicare and Medicaid
* Jim Rech, chairperson of the American Academy of Actuaries’ Enterprise Risk Management Committee
* Jack Turnquist, member of the Actuarial Board for Counseling and Discipline and former president of the American Academy of Actuaries
* Terri Vaughan, Drake University professor and former president of the National Association of Insurance Commissioners

For more information about CRUSAP, visit these pages:

* About CRUSAP
* Task force
* Advisory panel
* Draft report
* Contact us

Posted by Tom Troceen