This topic will involve analyzing real-world case studies where ethical issues arose in actuarial work. Students will examine the ethical implications of the situations presented, discuss potential courses of action, and reflect on the lessons learned for their own ethical practice.
Case Studies in Actuarial Ethics Purpose of Case Studies Real or hypothetical scenarios help actuaries practice applying ethical principles to messy, real-world situations. Example: Pressure to Understate Liabilities An actuary is asked by management to use overly optimistic mortality assumptions to reduce reported pension liabilities. Ethical duty requires resisting this and using best-est...…
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