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Contents JULY 2012 ISSUE 171 4 10 16 COVER: © LAURIN RINDER / SHUTTERSTOCK EVENTS 2 Coming up EDITORIAL 3 Be proud to be an outlier Ben Ooi PAPER 4 Living to 120 – the implications for absolutely everything Melinda Howes / Barry Rafe UNDER THE SPOTLIGHT 9 Rade Musulin REVIEW 10 Funeral Insurance – paying the ultimate premium Anthony Asher / Rod Berry / Brendan Counsell / Bruce Thomson THE ACTUARIAL PULSE 12 How did you join the actuarial profession? Daniel Cooper REVIEW 15 Kicking goals with the Taylor Fry tipsters James Sullivan ACTUARIES TAKING THE LEAD 18 Mentoring Andrew Brown OPINION 20 The Emperor’s Wardrobe Manager – making fun of the latest fads in financial services Phil Stott INSIGHTS 21 Insights Health Networking – What makes your job sexy? Nick Stolk COMMENT 22 From graduation to graduate Alissa Irgang REPORT 24 General Insurance Practice Committee Mary Poon REPORT 25 Investment Return Principles Information Note Glenn Langton OPINION 26 Giving Actuaries their voice Barry Rafe LETTER 27 Letter to the Editor Peter Carroll SURVEY 28 Equity Risk Premium Survey 2012: results and comments Anthony Asher IN THE MARGIN 30 Resume so pacific a pose, muser Genevieve Hayes ASK GAE 31 I disagree / You do what? Gae Robinson YOUNG ACTUARIES PROGRAM 32 Out of the box opportunities Sophia Sophos STUDENT COLUMN 33 The digital world of risk Dustin Biernacki REVIEWS 34 Book / Podcast reviews Editorial Committee STAYING AHEAD 36 How do I become capable? Sue Wetherbee OBITUARY 38 Robert (Bob) Geroge Glading CEO’S COLUMN 40 Give me your best ‘elevator pitch’ Melinda Howes NOTICE COV Research Grants, Scholarships and Prizes

JULY 2012 ISSUE 171 EvEntS EdItorIaL - Actuaries …...33 The digital world of risk Dustin Biernacki rEvIEwS 34 Book / Podcast reviews Editorial Committee StaYIng ahEad 36 How do I

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Page 1: JULY 2012 ISSUE 171 EvEntS EdItorIaL - Actuaries …...33 The digital world of risk Dustin Biernacki rEvIEwS 34 Book / Podcast reviews Editorial Committee StaYIng ahEad 36 How do I

July 2012 Actuaries 1

ContentsJULY 2012 ISSUE 171

4

10

16

Cover: © LAurin rinder / SHuTTerSToCK

EvEntS

2 Coming upEdItorIaL

3 Be proud to be an outlier ❙ Ben Ooi

PaPEr

4 Living to 120 – the implications for absolutely everything ❙ Melinda Howes / Barry Rafe

UndEr thE SPotLIght

9 Rade MusulinrEvIEw

10 Funeral Insurance – paying the ultimate premium ❙ Anthony Asher / Rod Berry / Brendan Counsell / Bruce Thomson

thE actUarIaL PULSE

12 How did you join the actuarial profession? ❙ Daniel Cooper

rEvIEw

15 Kicking goals with the Taylor Fry tipsters ❙ James Sullivan

actUarIES takIng thE LEad

18 Mentoring ❙ Andrew Brown

oPInIon

20 The Emperor’s Wardrobe Manager – making fun of the latest fads in financial services ❙ Phil Stott

InSIghtS

21 Insights Health Networking – What makes your job sexy? ❙ Nick Stolk

commEnt

22 From graduation to graduate ❙ Alissa Irgang

rEPort

24 General Insurance Practice Committee ❙ Mary Poon

rEPort

25 Investment Return Principles Information Note ❙ Glenn Langton

oPInIon

26 Giving Actuaries their voice ❙ Barry Rafe

LEttEr

27 Letter to the Editor ❙ Peter Carroll

SUrvEY

28 Equity Risk Premium Survey 2012: results and comments ❙ Anthony Asher

In thE margIn

30 Resume so pacific a pose, muser ❙ Genevieve Hayes

aSk gaE

31 I disagree / You do what? ❙ Gae Robinson

YoUng actUarIES Program

32 Out of the box opportunities ❙ Sophia Sophos

StUdEnt coLUmn

33 The digital world of risk ❙ Dustin Biernacki

rEvIEwS

34 Book / Podcast reviews ❙ Editorial Committee

StaYIng ahEad

36 How do I become capable? ❙ Sue Wetherbee

obItUarY

38 Robert (Bob) Geroge GladingcEo’S coLUmn

40 Give me your best ‘elevator pitch’ ❙ Melinda Howes

notIcE

COV Research Grants, Scholarships and Prizes