Hostname: page-component-78c5997874-m6dg7 Total loading time: 0 Render date: 2024-11-08T00:15:59.807Z Has data issue: false hasContentIssue false

Address by the President of the Institute of Actuaries: Thinking and Behaviour

Published online by Cambridge University Press:  10 June 2011

Jeremy Goford M.A., F.I.A.
Affiliation:
Tillinghast-Towers Perrin, 71 High Holborn, London WC1V 6TH, U.K., Tel: +44(0)20-7170-2599, Fax: +44(0)20-7170-2156, Email: [email protected]

Abstract

In a world of transition for all our disciplines, actuaries can get and keep ahead of the changes by, first, getting our thinking right. Right behaviour and actions will follow. We will think about the needs of our employers and clients and present our findings more in the business context; we will look through their needs to the needs and interests of their employees and customers. We will grasp financial economics and learn banking thinking. The profession will raise issues of public interest and inform the debate.

Type
Sessional meetings: papers and abstracts of discussions
Copyright
Copyright © Institute and Faculty of Actuaries 2003

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

The Accountancy Foundation Review Board (2002). Protecting the public interest. Response by the ICAEW.Google Scholar
Accounting Standards Board (2000). FRS 17.Google Scholar
The Actuarial Profession (1999). Vision and values. British Actuarial Journal, 5, 467528.CrossRefGoogle Scholar
Anderson, J.C.H. (1997). Gross premium calculations and profit measurement for nonparticipating insurance. Transactions of the Society of Actuaries, XI, 357393. In The papers of James C.H. Anderson, 3–55. Actuarial Education and Research Fund.Google Scholar
Brealey, R. & Myers, S. (2001). Principles of corporate finance. 6th edition. McGraw Hill Education.Google Scholar
Clark, P.N.S. (2001). Address by the President of the Institute of Actuaries: “Communication, culture and companionship”, 25 September 2000. British Actuarial Journal, 7, 132.Google Scholar
Clay, G.D., Frankland, R., Horn, A.D., Hylands, J.F., Johnson, C.M., Kerry, R.A., Lister, J.R. & Loseby, L.R. (2001). Transparent with-profits — freedom with publicity. British Actuarial Journal, 7, 365465 and 725–746.Google Scholar
Colchester, N. (2000). Making words dance. Intype London Ltd.Google Scholar
Copeland, T. E. & Weston, J.F. (1988). Financial theory and corporate policy. 3rd edition. Addison Wesley.Google Scholar
Daykin, C.D. (1995). Address by the President of the Institute of Actuaries: “Turning promises into reality”, 27 June 1994. British Actuarial Journal, 1, 536.CrossRefGoogle Scholar
Ferguson, D.G.R. (1997). Address by the President of the Institute of Actuaries: “For goodness sake”, 7 October 1996. British Actuarial Journal, 3, 126.Google Scholar
Goford, J. (1985). The control cycle—financial control of a life assurance company. Journal of the Institute of Actuaries Students' Society, 28, 99114.Google Scholar
Goford, J. (1996). Customer needs focus. The Actuary, December 1996, 20, 22.Google Scholar
Goford, J. (1997a). Customer needs focus—the grid and the customer. The Actuary, January/February 1997, 25, 26.Google Scholar
Goford, J. (1997b). Customer needs focus—the grid and the financial services group. The Actuary, March 1997, 30, 31.Google Scholar
Gray, L.et al. (2001). Extending retirement choices. Paper of the Extending Retirement Choices Working Party.Google Scholar
Guijarro, P. & Hare, D.J.P. (2002). Corporate diversity and the provision of financial services. Paper presented to the Institute of Actuaries, 9 May 2002, and to the Faculty of Actuaries, 18 February 2002. British Actuarial Journal, 8, 643704 and 917–929.Google Scholar
Harris, T.A. (1996). I'm OK, you're OK. Arrow.Google Scholar
Hertzberg, F. (1966). Work and the nature of man. Ty Crowell Co.Google Scholar
Hull, J.C. (2000). Options, futures and other derivatives. 4th edition. Prentice Hall.Google Scholar
International Accounting Standards Committee (1989). Framework for the preparation and presentation of financial statements. International Accounting Standards 2001.Google Scholar
Institute of Actuaries of Australia (2002). The actuarial control cycle. http://www.actuaries.asn.au/PublicSite/education__frameset.htm & Part II — Actuarial education programme & Part II Syllabus.Google Scholar
Kingsley, C. (1863). The water babies. Lorenz Books.Google Scholar
Kingston, T.D. (2001). Address by the President of the Faculty of Actuaries: “A learning profession”, 2 October 2000. British Actuarial Journal, 7, 5173.CrossRefGoogle Scholar
Mancroft Training. The winning edge. www.mancrofttraining.co.ukGoogle Scholar
Martin, H. (2002). Address by the President of the Institute of Actuaries of Australia: “Actuaries, woozles and heffalumps: perspectives from the hundred acre wood”, 10 December 2001. Australian Actuarial Journal, 8, 170.Google Scholar
McGregor, D. (1960). The human side of enterprise. Penguin.Google Scholar
Merricks, W. (2001). What does the public expect of actuaries and the profession? British Actuarial Journal, 7, 717724.Google Scholar
Minto, B. (1987). The pyramid principle: logic in writing and thinking. FT Pitman Publishing.Google Scholar
O'Neill, O. (2002). A question of trust. www.bbc.co.uk/reith2002Google Scholar
Pensions Protection Investment Accreditation Board (2000). Raising standards quality mark scheme. www.ppiab.comGoogle Scholar
Ryan, J.P., Archer-Lock, P.R., Czernuszewicz, A.J., Gillott, N.R., Hinton, P.H., Ibeson, D., Malde, S.A., Paul, D. & Shah, N. (2001). Financial condition assessment. British Actuarial Journal, 7, 519603.Google Scholar
Thornton, P.N. (1999). Address by the President of the Institute of Actuaries: “Lessons from history”, 14 October 1998. British Actuarial Journal, 5, 2748.Google Scholar
Trowbridge, J.R. (1998). Address by the President of the Institute of Actuaries of Australia: “Pathways to the future”, December 1997. Australian Actuarial Journal, 1, Issue 1.Google Scholar