Over the years, the audience for health insurer financial results has grown considerably with different
constituents having different levels of understanding about how insurance works relative to other
industries. In addition, the regulatory environment has become more stringent at both the state and
federal levels. More than ever, actuaries need to remove the mystique from their process and to be able
to clarify and communicate to many different audiences. Most experienced actuaries understand how
financial results affect all aspects of the business. This is an opportunity for actuaries to show their
expertise in understanding and managing risk. Also, actuaries can show how to balance professionalism
with meeting the needs of a company.
After attending this session, you should see that communication of results is almost as important as
making the estimates that drive the financials. You should begin to view all of these different constituents
as partners. Employers or clients would want their actuaries to attend this session in order to understand
the importance of communicating results and to begin to develop or improve their skills in this area.