2007 marked the 150-th anniversary of the founding of Illinois State University. As part of the Illinois State University Sesquicentennial celebration, our Actuarial Program was honored to host three distinguished actuarial speakers on Friday, November 2, 2007:
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Mr. Christopher Carlson, Fellow of the Casualty Actuarial Society, Member of the American Academy of Actuaries, and President of the Casualty Actuarial Society, assuming the Presidency in November 2007. |
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Mr. Steven Lehmann, Fellow of the Casualty Actuarial Society, Fellow of the Society of Actuaries, Member of the American Academy of Actuaries, Fellow of the Canadian Institute of Actuaries, Honorary Fellow of the Institute of Actuaries, and outgoing President of the American Academy of Actuaries. Mr. Lehmann is also a former President of the Casualty Actuarial Society. |
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Mr. Bruce Schobel, Fellow of the Society of Actuaries, Member of the American Academy of Actuaries, Fellow of the Conference of Consulting Actuaries, and President of the Society of Actuaries, assuming the Presidency in October 2007. |
There will not be a Research Event in the Spring of 2008, and instead this Fall 2007, during the Illinois State University Sesquicentennial celebration, we will host some special lectures. The second was a lecture by Mr. Shane Chalke, FSA, MAAA. Mr. Chalke is an actuarial entrepreneur, who created two influential actuarial companies, and has been a pioneer in actuarial practice and theory. The Society of Actuaries presents his profile here. Mr. Chalke's biography is here. Mr. Chalke spoke about the changing nature of personal finance, retirement, and what problems this poses for the financial services industry. The lecture was presented at 4 p.m. on Friday, October 19, 2007. This event was open to the public. Here is the summary of Mr. Chalke's presentation:
A Cash Flow Model of the American Professional
The nature of retirement is changing rapidly, as are patterns of earnings and expenditure. Attitudes about inter-generational transfer of wealth are also far different than those of just 20 years ago. Mix these factors with the steady decline of defined benefit pensions, and we have significant gaps in the provision of financial products. The industry has responded with a series of point solutions, but without a comprehensive view to changing consumer needs. By modeling individual cash flow patterns and in today’s society, we can develop a more holistic view of what consumers really need from the Financial Services Industry. Mr. Chalke will speak about the nature of saving and consumption changes over the last generation, and what this means for financial services.
There will not be a Research Event in the Spring of 2008, and instead this Fall 2007, during the Illinois State University Sesquicentennial celebration, we host some special lectures. The first one was on October 8, 2007, at 4:00 p.m., by Dr. Claire Bilodeau, ASA, currently a Visiting Research Actuary at the Society of Actuaries, who is also an Associate Professor of Actuarial Science at Laval University in Quebec City, Quebec, Canada. Dr. Bilodeau spoke on her joint research with Semira Puskar, in a presentation entitled "Designing the Best Pension Plan", addressing the question: In view of different working patterns and taking the inherent financial risks into account, is the final salary defined benefit pension plan really the one every employee should wish for?
The 2007 Actuarial Career Fairs was held in October. These annual fairs are primarily intended for high school students, but are open to college students, and anyone else seeking to learn about the actuarial career. These are not employment events, but rather meetings designed to provide information about the actuarial career. No resumes can be accepted. The events were held:
Students interested in this event were asked to register at this web site: http://www.beanactuary.org/news/07studreg.cfm. Educators were also most welcome, and could register here: http://www.beanactuary.org/news/07edreg.cfm.
This event was organized by the Actuarial Program of Illinois State University, and it also received support from the Midwest Actuarial Forum, the Katie School of Insurance and Financial Services, the Casualty Actuarial Society, and the Society of Actuaries.
2007 Meet the Firms event was held Tuesday, September 18, 2007, 6:00-8:00 p.m. in Redbird Arena. This event was an opportunity for actuarial employers to present themselves to students and collect students' resumes for internships and jobs.The following companies registered for this event: Aegon, Allstate, American Family Insurance, Auto-Owners Insurance, Blue Cross Blue Shield of Illinois, Country Insurance and Financial Services, The Hartford, Horace Mann, Humana, Marsh Inc., Pekin Insurance, Pinnacle Actuarial Resources, PriceWaterhouseCoopers, RGA Reinsurance, RLI Insurance, Rockhill Insurance, Sentry Insurance, State Farm, Towers Perrin, Travelers, Trustmark, Wausau, Wellpoint, Zurich.
2007 Actuarial Banquet was held Friday, April 20, 2007 at The Chateau Hotel in Bloomington, Illinois. The keynote speaker was Mr. Richard Bill, FCAS, an alumnus of Ilinois State University and an Actuary at Country Insurance and Financial Services.
2007 Actuarial Research Event was held Thursday, April 19, 2007 at The Chateau Hotel in Bloomington, Illinois. The speaker was Dr. Richard MacMinn, the Edmondson-Miller Chair in Insurance and Financial Services at Illinois State University. His lecture, entitled Catastrophic Risk Management, was presented in the Auditorium of The Chateau Hotel at 8 p.m. on April 19, 2007. It was free an open to the public.
Professor Richard MacMinn is one of most prominent researchers in risk and insurance in the world. He was an editor of the Journal of Risk and Insurance, the leading journal in the world on insurance and risk management, published by the American Risk and Insurance Association, from 1998 through 2006. He is an associate editor for the Asia-Pacific Journal of Risk and Insurance, the Journal of Insurance Issues and the Quarterly Journal of Economics and Finance. Professor MacMinn served as a board member of the Asia-Pacific Risk and Insurance Association from 2000-2003, as a board member for the American Risk and Insurance Association from 2003-2006 and is a member of the American Risk and Insurance Association, Asia-Pacific Risk and Insurance Association, European Group of Risk and Insurance Economists, Southern Risk and Insurance Association, Western Risk and Insurance Association, American Economic Association and American Finance Association. He has published in journals including the Journal of Risk and Insurance, Insurance: Mathematics and Economics, Geneva Papers, Journal of Political Economy, Quarterly Journal of Economics, and Journal of Finance. He has thrice won the prestigious Mehr Award in addition to a number of other awards from the American Risk and Insurance Association, Casualty Actuarial Society, and General Insurance Research Organization in the United Kingdom and Asia-Pacific Risk and Insurance Association for his publications.
The 2006 Actuarial Career Fairs were held in September and October. These annual fairs are primarily intended for high school students, but are open to college students, and anyone else seeking to learn about the actuarial career. These are not employment events, but rather meetings designed to provide information about the actuarial career. No resumes can be accepted. The events were held:
These events received support from Midwest Actuarial Forum, and Katie School of Insurance and Financial Services. We are very grateful for the help of these organizations.
2006 Meet the Firms was held Tuesday, September 19, 2006, 6:00-8:00 p.m. at the Old Main Room at the Bone Student Center at Illinois State University. This is our main actuarial employment event. Students from our program, as well as from other universities, are welcome to attend and present their resumes to employers. Employers are welcome to set up tables with information, and accept resumes from students. Employers interested in attending should contact Dr. Krzysztof Ostaszewski. There is no charge to employers for attending this event. The following employers were present: Aegon, Allstate, American Family Insurance, Auto Owners Insurance Co., Blue Cross Blue Shield of Illinois, Country Insurance and Financial Services, Gabriel Roeder Smith & Company, The Hartford, The Horace Mann Companies, Marsh Inc., Pinnacle Actuarial Resources, Principal Financial Group, RLI Corp., State Farm, Towers Perrin, Travelers, Trustmark, Wausau, WellPoint, Zurich North America.
2006 Actuarial Research Event was held Thursday, April 27, 2006 at The Chateau Hotel in Bloomington, Illinois. Dr. Kevin Ahlgrim, ASA, MAAA, of the Department of Finance, Insurance and Law at Illinois State University, presented a lecture entitled: "Enterprise Risk Management - Tools and Techniques". The lecture was held in the Auditorium of The Chateau Hotel at 8 p.m. It was preceded by a private dinner with alumni of our Actuarial Program.
2006 Actuarial Banquet was held Friday, April 21, 2006 at The Chateau Hotel in Bloomington, Illinois. The keynote speaker was Mr. William Snyder, FSA, MAAA, an alumnus of Ilinois State University and an Actuary at State Farm.
The 2005 Actuarial Career Fairs were held in September 2005. These annual fairs are primarily intended for high school students, but open to college students, and everyone else seeking to learn more about the actuarial career. The events were held:
These events received support from CNA Insurance Company, Midwest Actuarial Forum, and Katie School of Insurance and Financial Services. We are very grateful for the help of these organizations.
2005 Meet the Firms Night was held Tuesday, September 20, 2005, 6:00-8:00 p.m. at the Old Main Room at the Bone Student Center at Illinois State University. The following companies participated: Aegon, Allstate, American Family Insurance, Blue Cross Blue Shield of Illinois, Country Insurance and Financial Services, Gabriel Roeder Smith & Company, The Hartford, The Horace Mann Companies, Illinois Mutual, Pinnacle Actuarial Resources, The Phoenix Companies, RLI Corp., State Farm, State of Illinois Department of Insurance, Travelers, Towers Perrin, Trustmark, Wausau, WellPoint, Zurich North America.
In the Spring of 2005, the Actuarial Program at Illinois State University organized a new Research Event. This event was held first on Monday, April 25, 2005, at 7:30 p.m., at the Union League Club of Chicago. The event was a lecture by Dr. Krzysztof M. Ostaszewski, FSA, CFA, MAAA, Actuarial Program Director at Illinois State University, on the "Social Security system in the United States: Its Financing and Reform." The event was repeated on Monday, May 2, at 7:30 p.m. at The Chateau Hotel in Bloomington, Illinois. Both events were preceded by a private dinner for our program alumni, by invitation only. Information about this event is also posted here.
2005 Actuarial Banquet was held Friday, April 22, 2005 at The Chateau Hotel in Bloomington, Illinois. The keynote speaker was Mr. Adam Swope, FCAS, an alumnus of our program and an Actuary at State Farm.
The second annual informational Actuarial Career Fairs were held in September 2004. The fairs were primarily intended for high school students, but open to college students, and everyone else seeking to learn more about the actuarial career. The events were held at the following locations:
These events have received support from Allstate Insurance Company, Midwest Actuarial Forum, Society of Actuaries, Casualty Actuarial Society, and Katie School of Insurance and Financial Services. We are very grateful for the help of these organizations.
2004 Meet the Firms Night was held Tuesday, September 21, 2004, 6:30-9:30 p.m. at the Old Main Room at the Bone Student Center at Illinois State University. The following companies registered for the event: Aegon, Allstate, American Family Insurance, Gabriel Roeder Smith & Company, Country Insurance and Financial Services, D.W. Simpson, Epic Consulting, The Horace Mann Companies, Pinnacle Actuarial Resources, RLI Corp., State Farm, Trustmark Insurance, WellPoint, Zurich North America.
2004 Actuarial Banquet was held Friday, April 16, 2004 at the The Chateau Hotel in Bloomington, Illinois. The keynote speaker was Mr. Andy Wieduwilt, FSA, MAAA, an alumnus of our program and an Actuary at State Farm.
In the Fall of 2003, Illinois State University Actuarial Program and Chicago Actuarial Association, in cooperation with the Society of Actuaries, Casualty Actuarial Society, Midwest Actuarial Forum and Katie School of Insurance and Financial Services, organized two new events: Actuarial Career Fairs. The career fairs were primarily intended for high school students (but were open to college students) seeking to learn more about the actuarial profession. The fairs were held:
2003 Meet the Firms Night was held on Tuesday, September 16, 2003, 7:00-9:00 p.m. at the Old Main Room at the Bone Student Center at Illinois State University. The following companies have attended: Aegon, Allstate, Blue Cross Blue Shield of Illinois, Buck Consultants, American Family Insurance, Country Insurance and Financial Services, Epic Actuaries, Ernst and Young, The Horace Mann Companies, Pinnacle Actuarial Resources, Inc., RLI Corp., State Farm, Miliman USA, Tillinghast-Towers Perrin, Trustmark Insurance, Zurich North America.
2003 Actuarial Banquet was held Friday, April 11, 2003 at the The Chateau Hotel in Bloomington, Illinois. The keynote speaker was Ms. Nancy Behrens, FSA, MAAA, Vice President and Actuary at State Farm.
2002 Meet the Firms Night was held on Tuesday, September 17, 2002, 7:30-9:30 p.m. in the Circus Room of the Bone Student Center at Illinois State University. The following companies attended: Allstate, American Family Insurance, CNA, Country Insurance and Financial Services, Hewitt Associates, Kemper Insurance, Miller Herbers Lehmann and Associates, RLI Corp., The Segal Co., State Farm Insurance, State of Illinois Department of Insurance, The St. Paul Companies, Tillinghast-Towers Perrin, Trustmark Insurance, Zurich North America.
2002 Actuarial Banquet was held Friday, April 12, 2002 at the Jumer Hotel In Bloomington, Illinois. The keynote speaker was Mr. Gregory Hayward, FCAS, FCIA, MAAA, Casualty Actuarial Society university liaison for Illinois State University Actuarial Program, and an Actuary at State Farm.
2001 Meet the Firms Night was held on Tuesday, September 18, 2001, 7:00-9:00 p.m.in the Old Main Room of the Bone Student Center at Illinois State University. The following companies attended: Allstate, American Family Insurance, CNA, Country Insurance and Financial Services, Hewitt Associates, The Horace Mann Companies, Kemper Insurance, Miller Herbers Lehmann and Associates, RLI Corp., The Segal Co., State Farm Insurance, State of Illinois Department of Insurance, Tillinghast-Towers Perrin, Trustmark Insurance.
2001 Actuarial Banquet was held Friday, April 6, 2001 at the Jumer Hotel In Bloomington, Illinois. The keynote speaker was Mr. Joe McDonald, FSA, MAAA, an alumnus of our program, and an Actuary at State Farm.
2000 Meet the Firms Night was held September 19, 2000, 7:00-9:00 p.m. in the Circus Room of the Bone Student Center at Illinois State University. The following companies attended: Allstate, Auto Owners Insurance Co., CNA, Country Insurance and Financial Services, Hewitt Associates, The Horace Mann Companies, Miller Herbers Lehmann and Associates, PriceWaterhouseCoopers, State Farm Insurance, Tillinghast-Towers Perrin, Trustmark Insurance.
