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Edward Rowe Mores (1731–1778), English, founder of The Society for Equitable Assurances on Lives and Survivorships and the first person to use the professional title "actuary" William Morgan (1750–1833), Welsh; George Barrett (1752–1821), English; Nathaniel Bowditch (1773–1838), probably the second American insurance actuary; Essex Fire ...
Clark Preston Manning Jr. is an American actuary and business manager. He was president and CEO during 2002–2010 of Jackson National Life , an insurance company located in Lansing, Michigan . He also was on the board of directors of Prudential plc , during 2002–2010.
A diploma issued by the American Institute of Actuaries. The Actuarial Society of America was the first actuarial professional association in North America, founded in 1889 with only 38 members and headquartered in New York City. Initial members were included by invitation, but the organization soon adopted a system of examination for ...
The Casualty Actuarial Society (CAS) is a leading international professional society of actuaries, based in North America, and specializing in property and casualty insurance. [3] The two levels of CAS membership are Associate (ACAS) and Fellow (FCAS). Requirements for these levels of membership include a comprehensive series of exams. [4]
Actuarial science became a formal mathematical discipline in the late 17th century with the increased demand for long-term insurance coverage such as burial, life insurance, and annuities. These long term coverages required that money be set aside to pay future benefits, such as annuity and death benefits many years into the future.
In order to sign statements of actuarial opinion, an American actuary must be a Member, American Academy of Actuaries (M.A.A.A.). [2] The Academy membership requirements are: Membership in one of the following societies: Associate or Fellow of the Casualty Actuarial Society. Associate or Fellow of the Society of Actuaries.
For much of the past decade, policymakers and analysts have decried America's incredibly low savings rate, noting that U.S. households save a fraction of the money of the rest of the world.
Milliman produces economic indexes for the American healthcare and insurance markets, including the Milliman 100 Pension Funding index. The Pension Funding Index examines the liabilities and assets of the top 100 pension funds in the US, establishing the funded status of the group overall. [5]