Some thoughts on the actuary of the future

1992 ◽  
Vol 119 (1) ◽  
pp. 13-44 ◽  
Author(s):  
R. B. Akhurst

AbstractActuarial practice has been changing rapidly over recent decades, and this speed of change is likely to continue. The actuary of the future will face challenges from many quarters, including the need to communicate with multi-disciplinary teams of competing professionals, and to live in an increasingly multi-national and cross-border environment. The discussion paper reviews such trends and challenges, both national and international, and seeks to stimulate a discussion of key issues, including supply and demand, expanding the scope of actuarial work, the role of the consultant, training implications and the development of a more international profession.

Sci ◽  
2020 ◽  
Vol 2 (4) ◽  
pp. 76
Author(s):  
Jan R. Magnus ◽  
Michael McAleer

Many academics are critical of the current publishing system, but it is difficult to create a better alternative. This review relates to the Sciences and Social Sciences, and discusses the primary purpose of academic journals as providing a seal of approval for perceived quality, impact, significance, and importance. The key issues considered include the role of anonymous refereeing, continuous rather than discrete frequency of publications, avoidance of time wasting, and seeking adventure. Here we give recommendations about the organization of journal articles, the roles of associate editors and referees, measuring the time frame for refereeing submitted articles in days and weeks rather than months and years, encouraging open access internet publishing, emphasizing the continuity of publishing online, academic publishing as a continuous dynamic process, and how to improve research after publication. Citations and functions thereof, such as the journal impact factor and h-index, are the benchmark for evaluating the importance and impact of academic journals and published articles. Even in the very top journals, a high proportion of published articles are never cited, not even by the authors themselves. Top journal publications do not guarantee that published articles will make significant contributions, or that they will ever be highly cited. The COVID-19 world should encourage academics worldwide not only to rethink academic teaching, but also to re-evaluate key issues associated with academic journal publishing in the future.


2002 ◽  
Vol 8 (4) ◽  
pp. 705-728 ◽  
Author(s):  
M. Shelley ◽  
M. Arnold ◽  
P. D. Needleman

ABSTRACTIn the light of recent judgments by the courts, there are areas where the interpretation of Policyholders' Reasonable Expectations (PRE) by actuaries may need to be reassessed. Furthermore, the discussion paper on the exercise of discretion expected from the Financial Services Authority (FSA), as part of its review of with-profits business, is likely to raise wider issues.The time is therefore right for actuaries to have the opportunity to debate how PRE should be interpreted in the future. This paper is presented as a catalyst to enable that debate to happen, and the authors have set out their own views on some of the key issues.The paper discusses certain areas where the interpretation of PRE adopted by Appointed Actuaries in the past may no longer be consistent with recent court judgments. Following that discussion, the actuarial profession should attempt to establish a revised interpretation of PRE, in order to provide greater assistance to Appointed Actuaries currently advising on with-profits business.


2013 ◽  
Vol 6 (5) ◽  
pp. 531-538
Author(s):  
Sheree M. Corkern ◽  
Sandra B. Parks ◽  
Mark I. Morgan

This article informs accounting educators and graduates about key issues in the accounting profession of today, which has entered a new age, and accounting educators and advisors, old and new, must be informed about future prospects for students and make students aware of what they can expect as accounting graduates. Passing this knowledge to students early on provides them with advanced understanding of what the future holds for accounting professionals and will allow students to better embrace their future once they graduate. This article emphasizes supply and demand, hiring and salary practices, and potential job opportunities for the accounting graduate. Information on the various certifications available for accountants and the interview process is included as well. The final section within the article offers insight into the future of the accounting profession. With this paper, educators and advisors gain knowledge to assist accounting students with their future career search process. Students will still need assistance to help them navigate the new environment that they are about to enter, but a clearer understanding of what to expect provides a better foundation on which to build a successful career.


2008 ◽  
Vol 8 (1) ◽  
pp. 18-23 ◽  

AbstractNicola Wakefield and Emily Allbon are academic law librarians. They offer their thoughts on the future that all academic law librarians may face as we move further into the 21st Century. They look at the key issues and examine possibilities for the future role of law librarians, considering how changes in technology, library spaces, study habits and the pressures of time and funding could affect us as a profession.


2020 ◽  
Vol 12 (17) ◽  
pp. 7021
Author(s):  
Marzena Kramarz ◽  
Katarzyna Dohn ◽  
Edyta Przybylska ◽  
Lilla Knop

As the demand for transport is growing, more and more attention is being paid to its quality aspects. These include, among other things, efficiency, safety, and a continuous effort to reduce external costs. That is why the transport policies of the EU countries and individual regions are increasingly addressing the issue of sustainable transport development. Multimodal transport, which is seen as a key element to effectively counterbalance the dominant role of vehicle transport in the economic progress of the European Community, plays an important role in these programmes. For consistency and continuity of freight flows, cooperation between neighbouring countries and regions is essential. The future of multimodal freight transport within the cross-border area of Poland, Czech Republic and Slovakia is not as evident as the transport policies imply. Therefore, the purpose of the paper is to identify a set of factors determining the development of multimodal transport within the cross-border area of TRITIA (The European Grouping of Territorial Cooperation of the four regional governments of Moravian-Silesian Region (CZ), Opole Voivodeship (PL), Silesian Voivodeship (PL) and Žilina Self-governing Region (SK)) and to develop four scenarios, the execution of which in the 2030 perspective depends on the implementation of cross-border infrastructure and organisational projects and the increasing level of cooperation in the field of multimodal transport. The article contains the methodology for developing scenarios of multimodal freight transport development. The research showed that initiating activities targeted at the development of multimodal transport within the cross-border area requires the involvement of all participants in the process, i.e., all countries (Poland, Czech Republic and Slovakia), along with many different stakeholders. The future development of multimodal transport as provided for in the scenarios is not linearly correlated with the increase in cooperation and the number of implemented infrastructure and organisational projects. It is vital for future research to define the role of stakeholders both in terms of cooperation and collaboration development.


2020 ◽  
Vol 12 (3) ◽  
pp. 336-354
Author(s):  
Svetlana Bokeriya

This article analyses the key aspects of the brics countries’ joint position on the ‘responsibility to protect’ (R2P) concept, as well as the degree of their influence on transforming R2P into a global norm. The author’s aim was to answer the following questions: What interconnection is there between the brics and R2P discourses? How can brics stimulate an alternative interpretation of the R2P idea? In terms of cross-border partnerships, is R2P-based cooperation possible within the brics framework, and are states ready to expand it in the future? brics member states have demonstrated several common approaches to R2P, including their reliance on mechanisms strengthening the role of the state, their support for the UN position on peaceful conflict settlement, and preventive diplomacy.


2015 ◽  
Vol 16 (1) ◽  
pp. 112-129 ◽  
Author(s):  
Walter Leal Filho ◽  
Evangelos Manolas ◽  
Paul Pace

Purpose – This paper aims to provide a description of the achievements of the United Nations (UN) Decade of Education for Sustainable Development (2005-2014) with a focus on higher education, and it describes some of the key issues which will guide sustainable development in the coming years. Design/methodology/approach – The paper initially presents an analysis of past developments, complemented by an assessment of the emphasis on sustainable development by the International Journal of Sustainability in Higher Education. In particular, it makes cross-references to the deliberations held at the UN Conference on Sustainable Development held in Rio de Janeiro, Brazil, in June 2012, with a special emphasis to the document “The Future we Want”. It concludes by listing a set of suggestions and measures that both industrialised and developing countries may consider to translate the principles of sustainable development into reality. Findings – Sustainable development is and will continue to be a matter of substantial international interest and concern. The developments achieved over the past 20 years have been substantial, but there are still many gaps and need which need to be met, so as to improve its prospects in the next two decades. Originality/value – The paper provides useful insights which allow a better understanding of the role of universities in fostering sustainable development, and some of the key issues need to be considered, so as to allow things to move in the right direction.


2019 ◽  
Vol 7 (5) ◽  
pp. 364-373 ◽  
Author(s):  
Siti Suriani Othman ◽  
Liana Mat Nayan ◽  
Lee Kuok Tiung ◽  
Fauziah Hassan

Purpose of the study: This paper reviews recent literature on issues and challenges of the future newspaper. It traces issues and challenges that generally impacting the journalism industry worldwide and may be applied for future studies that shall further examine this matter empirically. Methodology: This is a discussion paper that does not apply any research method. The discussion is done based on recent reviews related to the issue of the future of the newspaper and its trend. Main Findings: Based on the review, there are five major issues and challenges identified which are the decline in newspaper circulations around the world, and the shrinking size of the industry. Following Wahl-Jorgensen et al. (2016), risks and threats, opportunities and digital journalism are fundamental questions that constitute a discussion of the future of the newspaper. Among the clear risks and threats is the issue of circulation, the emergence of the digital industry and its business model, social media and smartphones and several other issues such as identifying the direction of the newspaper's future discussions covering false news, speed of information (risks and threats), digital business model and the role of major industry players in digital world such as Google (opportunities) besides data and computer journalism (digital journalism). This discussion concludes that the future of the newspaper is seen to be very influenced by the emergence of digital journalism while the print version will continue to be vulnerable. The main issue which is seen as a threat is false news and information verification methods. Applications of this study: The above main findings may be used for further empirical investigation on the future of the newspaper in various countries in the world. The findings may also inform media practitioners on the current issues and challenges the industry is facing in general, and on what is being researched and discussed by academia on this topic. Novelty/Originality of this study: This discussion provides a summary of issues and challenges of the future of newspaper and this will enable readers to identify the main issues surrounding this topic. So far, there have been studies and discussions, but this paper presents the main issues and challenges on this topic in a systematic way based on recent previous studies and media reports.


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