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  #31  
Old 04-06-2014, 01:13 PM
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bdschobel bdschobel is offline
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Quote:
Originally Posted by Whiskey View Post
Well duh. There is not a single reason at all for a P&C employer to support the FSA-GI exams. There is only risk.

Good thing it won't matter in North America, as the FSA-GI was created for the international market anyways.
So says the SOA. I don't believe it for a minute. Why are they so determined to get the NAIC to allow these hypothetical FSA-GIs to sign P&C company annual statements?

Bruce
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  #32  
Old 04-06-2014, 01:14 PM
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nice tag used for this thread

might be a troll thread after all
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Whiskey "on tap" - 12/31/15
Spoiler:

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Baker's 7yr
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  #33  
Old 04-06-2014, 01:14 PM
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should have used the red font...
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Whiskey "on tap" - 12/31/15
Spoiler:

Bourbon(16)
Pappy Van Winkle-Family Reserve 15yr & lot "B" 12yr
Baker's 7yr
Blanton's
Knob Creek - 9yr
Basil Hayden
Maker's Mark - 46 & Cask Strength
Woodford Reserve
Jack Daniel's-Gentleman Jack, Single Barrel & Old #7
Four Roses Small Batch
Noah's Mill
Kirkland Bourbon - 7yr

Rye(6)
Angle Envy's - Finished Rye
Ravenswood Rye
Bulleit
High West - Double Rye
Whistle Pig - 10 yr
Old Overholt

Scotch(4)
Glenfiddich - The Distiller's Edition
Tomatin 12yr
The Dimple Pinch - 15 yr
Dewar's White Label

Irish(6)

Middleton Very Rare
Redbreast 12yr
Bushmill - Single Malt 16 yr
Connemarai
Jameson - Caskmates Stout and Regular
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  #34  
Old 04-06-2014, 01:15 PM
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Quote:
Originally Posted by Ron Weasley View Post
The SOA GI tract has not yet produced even a single competent P&C actuary. Unless you have some compelling reason to accept the risk of the SOA program, there is no good reason to pursue it.
Isn't that an unfair statement considering all the GI track exams haven't even been administered at this point?
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  #35  
Old 04-06-2014, 01:15 PM
Falafel Falafel is offline
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Quote:
Originally Posted by Whiskey View Post
Good thing it won't matter in North America, as the FSA-GI was created for the international market anyways.
This could be where employers see these credentials gaining credibility. If they begin working with actuaries in their international divisions with FSA-GIs and are impressed, they may open up to domestic employees taking those exams.
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  #36  
Old 04-06-2014, 01:16 PM
bdschobel's Avatar
bdschobel bdschobel is offline
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SOA AAA
 
Join Date: May 2004
Location: Winter Garden, FL
Studying for FSA '76
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Originally Posted by swifthat View Post
Isn't that an unfair statement considering all the GI track exams haven't even been administered at this point?
Uh, no, it's a perfectly correct statement.

Bruce
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  #37  
Old 04-06-2014, 01:18 PM
Falafel Falafel is offline
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Quote:
Originally Posted by bdschobel View Post
Uh, no, it's a perfectly correct statement.

Bruce
It can be both.
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  #38  
Old 04-06-2014, 01:19 PM
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Quote:
Originally Posted by Falafel View Post
This could be where employers see these credentials gaining credibility. If they begin working with actuaries in their international divisions with FSA-GIs and are impressed, they may open up to domestic employees taking those exams.
I agree, that is one possible way for the credentials to gain acceptance in the North American Market Place.
__________________
Whiskey "on tap" - 12/31/15
Spoiler:

Bourbon(16)
Pappy Van Winkle-Family Reserve 15yr & lot "B" 12yr
Baker's 7yr
Blanton's
Knob Creek - 9yr
Basil Hayden
Maker's Mark - 46 & Cask Strength
Woodford Reserve
Jack Daniel's-Gentleman Jack, Single Barrel & Old #7
Four Roses Small Batch
Noah's Mill
Kirkland Bourbon - 7yr

Rye(6)
Angle Envy's - Finished Rye
Ravenswood Rye
Bulleit
High West - Double Rye
Whistle Pig - 10 yr
Old Overholt

Scotch(4)
Glenfiddich - The Distiller's Edition
Tomatin 12yr
The Dimple Pinch - 15 yr
Dewar's White Label

Irish(6)

Middleton Very Rare
Redbreast 12yr
Bushmill - Single Malt 16 yr
Connemarai
Jameson - Caskmates Stout and Regular
Reply With Quote
  #39  
Old 04-06-2014, 01:19 PM
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Quote:
Originally Posted by bdschobel View Post
Uh, no, it's a perfectly correct statement.

Bruce
You're kidding right? It's an inflammatory statement that doesn't mean anything since at this point the SOA hasn't even produced and FSA-GI (not counting the FCAS freebie people).

I could equally well say "The SOA hasn't produced an incompetent GI actuary yet. Why wouldn't an employer accept the FSA-GI?"
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  #40  
Old 04-06-2014, 01:24 PM
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bdschobel bdschobel is offline
Past SOA President
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Quote:
Originally Posted by swifthat View Post
You're kidding right? It's an inflammatory statement that doesn't mean anything since at this point the SOA hasn't even produced and FSA-GI (not counting the FCAS freebie people).

I could equally well say "The SOA hasn't produced an incompetent GI actuaries. Why wouldn't an employer accept the FSA-GI?"
You are assuming a parallelism that simply does not exist and never will. Employers need to hire competent actuaries. The CAS produces them. If the SOA produces actuaries of unknown competence -- might be competent but might not -- then why in the world would any employer take that chance?

Would you rather be treated by a doctor who graduated from medical school and passed the medical boards, or would you be just as happy being treated by me? After all, you don't know if I'm a competent doctor or not, right?

Bruce
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