The Profession's Responsibility to the Public Webinar

June 29, 2011
12:00-1:30 p.m. Eastern

What does it mean to fulfill the profession's responsibility to the public? The Academy explored this essential question during The Profession's Responsibility to the Public webinar.

In January 2001, the five U.S.-based actuarial organizations adopted the Code of Professional Conduct ("Code") that set forth what it means for an actuary to act as a professional. The Code describes some of the responsibilities that the actuarial profession has to the public, to clients and employers, and to the actuarial profession. The purpose of the Code is to require actuaries to adhere to high standards of conduct, practice, and qualifications, thereby supporting the actuarial profession in fulfilling its responsibility to the public. But what does it really mean to fulfill this responsibility?

During this webinar, the Academy explored this question and learned more about:

  • Precept 1 of the Code as the source of the actuarial profession's responsibility to the public and to uphold the reputation of the actuarial profession.
  • The state of the profession: If the public does not think we are responsible, do we have a profession?
  • The key aspects on maintaining the profession's relevance.

This webinar was sponsored by the American Academy of Actuaries' Council on Professionalism and is co-sponsored by ASPPA, CAS, CCA, and SOA.

NOTE ON JBEA CE CERTIFICATE OF ATTENDANCE: You will not be able to receive a certificate of attendance for listening to any recorded webinars. In order to receive a JBEA CE Certificate of Attendance you must attend the live event, follow the instructions provided during the live event, and you must request your certificate by completing the online form within 30 days of attending the live event.




  • Kenneth A. Kent, MAAA, EA, FCA, FSA, Chairperson of the Joint Committee on the Code of Professional Conduct, and member of the Council on Professionalism
  • Karen F. Terry, MAAA, FCAS, Chairperson of the Committee on Professional Responsibility, and member of the Council on Professionalism
  • Moderator: Sheila J. Kalkunte, Academy Assistant General Counsel



The American Academy of Actuaries believes in good faith that your attendance at this live professionalism webinar entitled, "The Profession's Responsibility to the Public," may constitute relevant continuing education and an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States depending upon your area of practice. Under the U.S. Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.


The Joint Board for the Enrollment of Actuaries (JBEA) has approved the Academy as a qualifying sponsor of continuing professional education (CPE) programs for enrolled actuaries.

If you are an enrolled actuary, the Academy believes in good faith that you may earn 1.8 CPE core credits under the JBEA rules for attending this live webcast. However, the JBEA ultimately determines what constitutes core and non-core continuing education and the number of CPE credit hours allocated to same for enrolled actuaries. During the live webinar, instructions will be given to attendees on the process for obtaining certificates of attendance.

* The opinions expressed by the panelists during this presentation do not represent the opinions of any of the boards or committees of the Academy, or any other actuarial organization.