Michael Mateja

  • Actuary
  • 1987 - SOA - Research of the Committee on Valuation and Related Areas. Society of Actuaries - 28p
    • Reports were given by the chairmen of the following Task Forces:
      o C-I Risk - Irwin Vanderhoof
      o C-2 Risk - Dan McCarthy
      o C-3 Risk - Pete Deakins
      o Combination of Risks - Mike Mateja
  • Michael MATEJA: I'd like to make two points.
    • First, I'm going to use the words actuarial science and say I think your charge is to provide SOP with regard to the implementation of actuarial science by the members of the profession. If I'm wrong in that regard, then maybe what I have to say would not be appropriate.
      • When regulators, in their wisdom, find ways to implement public policy and they, in effect, put down something that is not actuarial science, then I don't think it's your job to implement it by promoting standards.
      • What I see embedded in this sales illustration regulation is nothing like actuarial science. I would tell you to steer clear of it. We have no reason to have a standard for it.
      • You have great leverage, by virtue of your position. You can say, "No, we're not going to tell actuaries to practice in such a way because it really doesn't make sense." I think you need to use that leverage at appropriate times and, in effect, could influence the conduct of the regulators.

1995 - SOA - Actuarial Standards Board (ASB): Current Hot Topics, Society of Actuaries - 18p