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CRUSAP

CRUSAP publishes final report

The CRUSAP final report, with its recommendations for the U.S. actuarial profession, is now available. The task force thanks all those who have contributed their ideas and suggestions to the CRUSAP process.

task force

Background

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 conducted a critical analysis of the American actuarial profession, using enterprise risk management and management consulting techniques. It issued a draft report in September 2006 and invited comments, then published its final report in December 2006.

Focusing on such challenges as globalization, the decline of pension plans, and a changing financial-services marketplace for actuarial skills, CRUSAP's mission was 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: