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Illinois State University Actuarial Program Events Archives

 

2011

Actuarial Club Bowling Night

On Monday, December 5, 2011, at 6 p.m. at the Bowling and Billiards Center at Illinois State University, the Actuarial Club hosted its Bowling Night.

Actuarial Club event with Ms. Stacey Kidd, FCAS

On Friday, October 14, 2011, at 2 p.m. in Stevenson Hall room 401, the Actuarial Club hosted a meeting with Ms. Stacey Kidd, FCAS, an alumna of our program, and an actuary at Zurich Insurance. Ms. Kidd was a special guest of our program for Alumni Day. She is a member of our program Advisory Board.

Actuarial Club "Interview Night" with Mr. Aaron Hillebrandt, FCAS

On Monday, October 10, 2011, at 6 p.m., in Stevenson Hall room 401, Mr. Aaron Hillebrandt, FCAS, alumnus of our program, and an actuary at Country Insurance and Financial Services, spoke with actuarial students on the process of interviewing for a job.

Meet the Firms

2011 Meet the Firms event was held Wednesday, October 5, 2011, 6-8 p.m. in the Old Main Room of the Bone Student Center on campus of Illinois State University, in Normal, Illinois. Campus map can be found at: http://www.IllinoisState.edu/map/. This event was an opportunity for actuarial employers to present themselves to students and collect students' resumes for internships and jobs. Employers can always contact Ms. Susan Mitchell, tel. 309-438-7797, fax 309-438-5866, or Dr. Krzysztof Ostaszewski, with any questions. Registration for employers is available online at: https://survey.lilt.ilstu.edu/TakeSurvey.aspx?SurveyID=9211487. The following employers registered for the event: Actex Publications, Acuity, Allianz, Allstate, Best Buy, Blue Cross Blue Shield of Illinois, Buck Consultants, Country Financial, Erie Insurance, Humana,  Liberty Mutual, Mercer, Northwestern Mutual, Pinnacle Actuarial Resources, RGA Reinsurance, RLI Insurance, State Farm, Towers Watson, Trustmark,  Wellpoint, Zurich.

Actuarial Club Resume Night

On Monday, October 3, 2011, at 6:30 p.m. in Stevenson Hall room 401, the Actuarial Club hosted a meeting on preparing a resume for internships and jobs applications. Three State Farm actuaries volunteeered to help the students in preparing their resumes.

High School Actuarial Career Fairs

The 2011 Actuarial Career Fairs were held on Friday, September 30, 2011 in Normal, Illinois, and Friday, October 7, 2011 in Chicago, Illinois. 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 will be accepted. The events were held:

Students interested in this event were asked to register at this web site: http://www.surveymonkey.com/s/2GKLC6H

Educators were also most welcome, and could register here: http://www.surveymonkey.com/s/2N67KNP

These events are organized by the Actuarial Program of Illinois State University, and they received support from the Midwestern Actuarial Forum, the Casualty Actuarial Society, the Society of Actuaries, and the Katie School of Insurance and Financial Services,

 

Visit by Allianz Life Insurance Company

On Wednesday, September 28, 2011, at 6 p.m., in Stevenson Hall room 121, representatives from Allianz Life Insurance Company made a presentation for actuarial students.

 

Visit by Allstate Insurance Company

On Monday, September 26, 2011, at 6:30 p.m., in Center for Visual Arts room 149, representatives from Allstate Insurance Company made a presentation for actuarial students.

 

Actuarial Club Event: Overview of actuarial exams

On Monday, September 19, 2011, at 6 p.m. in Stevenson Hall room 401, Dr. Krzysztof Ostaszewski, FSA, CERA, FSAS, CFA, MAAA, made a presentation about professional actuarial examinations.

 

Special "open office hours" by Mr. Aaron Hillebrandt, FCAS

Mr. Aaron Hillebrandt, FCAS, an alumnus of our program, and now an actuary at Country Insurance and Financial Services, graciously offered to hold special "open office hours" to talk to students about actuarial exams, actuarial career, preparing for Meet the Firms, preparing for interviews, etc., on the following days:

Tuesday, September 13, 2011, 12:05 p.m. - 2:00 p.m., STV 310
Tuesday, September 20, 2011, 12:05 p.m. - 2:00 p.m., STV 310
Tuesday, September 27, 2011, 12:05 p.m. - 2:00 p.m., STV 310
Tuesday, October 11, 2011, 12:05 p.m. - 2:00 p.m., STV 310

 

Actuarial Club Picnic

The Actuarial Club held a picnic for actuarial students on Sunday, September 18, 2011, at 2 p.m. in People's Park on campus of Illinois State University.

 

Actuarial Club Event: Presentation on Asset-Liability Management by Dr. Wei Hao, FSA

On Thursday, September 15, 2011, at 7 p.m., in Stevenson Hall room 401, the Actuarial Club hosted a visit by Dr. Wei Hao, FSA, an actuary at State Farm, who made a presentation on practical aspects of asset-liability management.

 

Actuarial Club Event: Presentation on Catastrophe Insurance by Mr. Richard Bill, FCAS

On Tuesday, September 13, 2011, at 7 p.m., in Stevenson Hall room 401, the Actuarial Club hosted a visit by Mr. Richard Bill, FCAS, an actuarial consultant, and retired from his former position as Chief Actuary at Country Financial, an ISU alumnus. Mr. Bill spoke about crop insurance system in the United States. Mr. Richard Bill's presentation files can be downloaded at the following places:

https://math.IllinoisState.edu/actuary/downloads/ISUCatModelPresentation.ppt

https://math.IllinoisState.edu/actuary/downloads/SimulatedLosses.xlsx

 

2011 Actuarial Banquet

The 2011 Actuarial Banquet for actuarial students at Illinois State University was held on Thursday, May 5, 2011, at 5:30 p.m. in Ballroom E in the Bloomington/Normal Marriott Hotel. Our speaker was Mr. Tyson Mohr, FSA, an alumnus of our program, who is an actuary at State Farm, and attained his Fellow of the Society of Actuaries designation in 2011.

 

Presentation by Dr. Patrick Muldowney

On Thursday, April 7, 2011, at 3:00 p.m.in Stevenson Hall room 234, Dr. Patrick Muldowney, Professor of the University of Ulster, made a presentation entitled "The Riemann Method in Stochastic Integration". Dr. Muldowney received his Ph.D. in Mathematics under the supervision of the legendary creator of the generalized Riemann integral, Dr. Ralph Henstock, and in 1987 published a research monograph entitled A general theory of integration in function spaces, including Wiener and Feynman integrals (Pitman Research Notes in Mathematics Series 153, Longman Scientific and Technical), that provided a mathematically rigorous methodology for integrals in function spaces. Abstract on Dr. Muldowney's presentaton is available here.

 

Actuarial Club Elections

On Monday, April 4, 2011, at 6 p.m., in Stevenson Hall room 228, the Actuarial Club held its elections for the President and other Officers of the Club for the 2011/2012 academic year.

 

Presentation by Mr. Matthew Varitek, FSA, MAAA

On Monday, March 28, 2011, 12:30 p.m. -- 2:00 p.m., in Stevenson Hall room 401, Mr. Matt Varitek, FSA, MAAA, an actuary at Blue Cross Blue Shield of Arizona, and an alumnus of our program, spoke to the Actuarial Club about his work as a health actuary.

 

2011 Actuarial Program Research Event: Dr. Winfried Heinen of General Reinsurance speaks on Solvency II

The 2011 Actuarial Research Event at Illinois State University was a lecture on Solvency II by Dr. Winfried Heinen, who is the Operating Manager of International Life and Health Reinsurance at General Re Corporation, and a member of the Board of Directors of General Re Corporation. The lecture was held at 4:30 p.m. on Friday, March 18, 2011, in the College of Business Building room 357, on campus of Illinois State University. This event was open to the public. Dr. Heinen's presentation is here.

General Reinsurance Corporation, often called General Re, is one of the world's largest reinsurance corporations. It owns a controlling interest in Koelnische Rueckversicherungs-Gesellschaft AG (Cologne Re) and both companies operate together as Gen Re. General Re is a wholly owned subsidiary of Berkshire Hathaway, the holding company run by Warren Buffett.

Solvency II is the updated set of regulatory requirements for insurance firms that operate in the European Union. Solvency II will be based on economic principles for the measurement of assets and liabilities. It will also be a risk-based system as risk will be measured on consistent principles and capital requirements will depend directly on such measurement. It is scheduled to come into effect on 1 November 2012. Solvency II is likely to have major impact on the way insurance companies are regulated not just in Europe, but worldwide.

 

Dr. Winfried Heinen presentation on reinsurance for students

On Friday, March 18, 2011, in the College of Business Building room 357, at 11:00 a.m., Dr. Winfried Heinen, Operating Manager of International Life and Health Reinsurance at General Re Corporation, and a member of the Board of Directors of General Re Corporation, made a presentation for students on the global business of reinsurance. Dr. Heinen's presentation is here.

 

Actuarial Club: Event about actuarial examinations

This meeting of the Actuarial Club was held on Wednesday, February 16, 2011 in Stevenson Hall room 228 at 6:30 p.m.. Dr. Ranee Thiagarajah will speak about the professional actuarial examinations. All interested students are welcome.

 

Actuarial Club: Internship Questions and Answers

This meeting of the Actuarial Club was held on Thursday, February 3, 2011 in Stevenson Hall room 228 at 6:30. Students who were in internships this past summer shared their experiences and answer questions.

 

2010

Presentation by Mr. Richard Bill, FCAS on Modeling of Catastrophic Losses

On Thursday, December 2, 2010, at 7 p.m., in Stevenson Hall room 401, the Actuarial Club hosted a visit by Mr. Richard Bill, FCAS, an actuarial consultant, and retired from his former position as Chief Actuary at Country Financial, an ISU alumnus. Mr. Bill will speak about modeling for insurance covering catastrophic losses. Mr. Bill's presentation can be dowloaded here.

Presentation by Mr. R. Dale Hall, FSA, CERA on Demutualization

On Monday, November 15, 2010, at 7 p.m., in Stevenson Hall room 401, the Actuarial Club hosted a visit by Mr. R. Dale Hall, FSA, CERA, Chief Life and Annuity Actuary at Country Financial. Mr. Hall spoke about the process of demutualization. Mr. Hall's presentation can be downloaded here.

Presentation by Mr. Richard Bill, FCAS on Crop Insurance

On Monday, October 25, 2010, at 7 p.m., in Stevenson Hall room 401, the Actuarial Club hosted a visit by Mr. Richard Bill, FCAS, an actuarial consultant, and retired from his former position as Chief Actuary at Country Financial, an ISU alumnus. Mr. Bill spoke about crop insurance system in the United States. Mr. Richard Bill's presentation files can be downloaded at the following places:

https://math.IllinoisState.edu/actuary/downloads/MPCIpCrop-Ins-ISU.ppt

https://math.IllinoisState.edu/actuary/downloads/FinalSimulation.xlsx

Alumni Day presentation on Workers Compensation by Ms. Carol Sorenson, FCAS

On Friday, October 15, 2010, at 2 p.m. in Center for Visual Arts room 149, the Actuarial Club hosted a visit and presentation on Workers Compnesation by Ms. Carol Sorenson, FCAS, an actuary at Zurich Insurance, and an alumna of our program. The Powerpoint file of Ms. Sorenson's presentation can be downloaded here.

Meet the Firms

2010 Meet the Firms event was held Wednesday, October 6, 2010, 6-8 p.m. in the Old Main Room of the Bone Student Center on campus of Illinois State University, in Normal, Illinois. Campus map can be found at: http://www.IllinoisState.edu/map/. This event was an opportunity for actuarial employers to present themselves to students and collect students' resumes for internships and jobs. Employers can contact Ms. Susan Mitchell, tel. 309-438-7797, fax 309-438-5866, or Dr. Krzysztof Ostaszewski, with any questions. Registration for employers was available online at: https://survey.lilt.ilstu.edu/TakeSurvey.aspx?SurveyID=9211487. The following employers registered for this event: Actex Publications, Allstate, American Family Insurance, Blue Cross Blue Shield of Illinois, Country Financial, Erie Insurance, Horace Mann, Liberty Mutual, Mercer, Northwestern Mutual, Pekin Insurance, Pinnacle Actuarial Resources, RGA Reinsurance, RLI Insurance, State Farm, Towers Watson, Travelers, Trustmark, Wellpoint, Zurich.

High School Actuarial Career Fairs

The 2010 Actuarial Career Fairs were held in October 2010. 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 will be accepted. The events were held:

Students interested in this event were asked to register at this web site:

http://www.zoomerang.com/Survey/WEB22AE2HFDCRL

Educators were also most welcome, and could register here:

http://www.zoomerang.com/Survey/WEB22AE339DPMM

This event was organized by the Actuarial Program of Illinois State University, and it received support from the Midwestern Actuarial Forum, the Katie School of Insurance and Financial Services, the Casualty Actuarial Society, and the Society of Actuaries.

Allstate Insurance visit

On Wednesday, September 29, 2010, at 6:30 p.m., in the Center for Visual Arts room 145, Allstate Insurance representatives made a presentation about actuarial careers with Allstate.

Actuarial Club event

On Monday, September 13, 2010, at 6:30 p.m., in the Williams Hall room 313, our Actuarial Club hosted a presentation on professional actuarial examinations by Dr. Krzysztof Ostaszewski.

Actuarial Banquet

The 2010 Illinois State University Actuarial Program held its annual Actuarial Banquet on Friday, April 30, 2010, at 5 p.m. in The Chateau Hotel.

College of Arts and Sciences Distinguished Lecture: 2010 Actuarial Program Research Event

Dr. Krzysztof Ostaszewski, FSA, CERA, CFA,FSAS, MAAA, Actuarial Program Director, was the 2009/2010 College of Arts and Sciences Distinguished Lecturer. He presented his lecture entitled: "Modigliani, Miller, and Mortgages" on Tuesday, April 27, 2010, at 7:30 p.m., in the Old Main Room of the Bone Student Center. This lecture was also the 2010 Actuarial Program Research Event and it was open to the public. A recording of the lecture can be listened to at:

http://www.cas.ilstu.edu/podcasts/Ostaszewski/part1.mp4

http://www.cas.ilstu.edu/podcasts/Ostaszewski/part2.mp4

... through

http://www.cas.ilstu.edu/podcasts/Ostaszewski/part14.mp4

Actuarial Club Event

On Thursday, March 25th, 2010, at 7 p.m. in COB 145, Sam Smith, an actuary from Pinnacle Actuarial Resources, made a presentation for our Actuarial Club.

2009

Actuarial Club Bowling Night with Alumni

The Actuarial Club wil host a bowling night at the Billards and Bowling Center on November 12, 2009, 7:00-9:00 p.m. Casual night to mingle and bowl with others in the Club and some recent alumni.

High School Actuarial Career Fairs

The 2009 Actuarial Career Fairs were held in October 2009. 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 were not employment events, but rather meetings designed to provide information about the actuarial career. No resumes could be accepted. The events were held:

Students interested in this event were asked to register at this web site: http://www.beanactuary.org/news/09studreg.cfm. Educators were also most welcome, and could register here: http://www.beanactuary.org/news/09edreg.cfm. This event was organized by the Actuarial Program of Illinois State University, and it received support from the Midwestern Actuarial Forum, the Katie School of Insurance and Financial Services, the Casualty Actuarial Society, and the Society of Actuaries.

Meet the Firms

2009 Meet the Firms event was held Friday, September 25, 2009, 6-8 p.m. in the Old Main Room of the Bone Student Center on campus of Illinois State University, in Normal, Illinois. Campus map can be found at: http://www.IllinoisState.edu/map/. This event was an opportunity for actuarial employers to present themselves to students and collect students' resumes for internships and jobs. Employers can contact Ms. Susan Mitchell, tel. 309-438-7797, fax 309-438-5866, or Dr. Krzysztof Ostaszewski, with any questions. Registration for employers was available online at: https://survey.lilt.ilstu.edu/TakeSurvey.aspx?SurveyID=9211487. The following employers registered: Actex, Aegon, Allstate, American Family, Blue Cross Blue Shield, Conseco, Corridor Careers, Country Financial, Liberty Mutual, Horace Mann, Humana, Mercer, Pinnacle Actuarial Resources, RGA Reinsurance, RLI Insurance, State Farm, Towers Perrin, Trustmark, Wellpoint, Zurich Insurance.

Visit by Allstate Insurance

On Monday, September 14, 2009, our program hosted a visit by representatives of Allstate Insurance. The event took place at 6:30 p.m. in Stevenson Hall room 219. More information is here.

Actuarial Club Meeting: Internship Night

The Actuarial Club held a meeting in Stevenson Hall room 401 at 7 p.m. on September 10, 2009. Students who had an internship last Summer talked to those who are looking into getting one for next Summer. The discussion was about important questions such as: what kind of work to expect and what to expect in the interview process.

Actuarial Club Meeting about Actuarial Exams

The Actuarial Club will hold a meeting in Stevenson Hall room 436 at 4 p.m. on Friday, August 28, 2009, and during this meeting Dr. Krzysztof Ostaszewski will make a presentation explaining the professional actuarial examinations process.

Actuarial Club Picnic

The annual picnic of the Actuarial Club was held in People's Park (located just South of the College of Business parking garage on the corner of University St. and Beaufort St.) on Sunday August 23, 2009, 3-6 p.m.

Actuarial Research Seminar

Actuarial Research Seminar, lead by Dr. Wei Hao, FSA, MAAA, actuary at State Farm, in the Fall 2009 semester is held Fridays, at 3:30 p.m. in Stevenson Hall room 132, the Adlai Stevenson Room. Seminar schedule is posted here.

Actuarial Banquet

2009 Actuarial Banquet was held Friday, May 1, 2009 at The Chateau Hotel in Bloomington, Illinois. The keynote speaker was Ms. Sarah Brands, FSA, MAAA, an alumna of Ilinois State University and an actuary at Wellpoint.

Actuarial Research Event: Dr. Keith Holler, FCAS, ASA, ARM spoke on

Predictive Modeling in Property/Casualty Insurance

The 2009 Actuarial Research Event was held on Friday, April 17, 2009 at 5 p.m. in the College of Business room 357. The event was a special lecture by Dr. Keith Holler, FCAS, ASA, ARM, who spoke on Predictive Modeling in Property/Casualty Insurance. Dr. Holler, currently with Erie Insurance, worked previously in Travelers National Programs with responsibility for managing the actuarial pricing and reserving functions. Prior to joining National Programs, Dr. Holler led the Personal Insurance Research and Development team at Travelers, which was instrumental in the development of the Quantum Auto and Quantum Home products. Before re-joining Travelers, Dr. Holler worked at the Hartford in their Personal Lines Research and Development team and their Claims Research and Development team. In the period from 1993 to 1998, he was a consultant with Tillinghast. Dr. Holler started his career with Travelers. Dr. Holler holds a Ph.D. and M.A. degrees in Statistics from the University of Connecticut, and M.A. and B.S. degrees from the University of Buffalo. He is a Fellow of the Casualty Actuarial Society (FCAS), an Associate of the Society of Actuaries (ASA), and an Associate in Risk Management (ARM). Dr. Holler has written about a dozen papers and articles in various insurance and actuarial publications, and has given many presentations at various conferences including the most recent Casualty Actuarial Society Predictive Modeling Conference. Dr. Holler is a member of the Advisory Board of the Actuarial Program at Illinois State University.

Visit by Dr. Paul Musial

Dr. Paul Musial of Chicago State University gave a research lecture on April 6, 2009, 1:00 - 2:00 p.m. in Center of Visual Arts Building, room 149.The abstract of the lecture is posted here. This was followed by an open meeting with actuarial students in Williams Hall room 128 from 3 p.m. to 4:30 p.m.

2008

Visit by the Society of Actuaries

Illinois State University Actuarial Program has hosted a special all day visit by the Society of Actuaries. During that visit, we had these events open to the public (all in Bone Student Center):

11:00 a.m. - Noon, Circus Room, Open meeting about future of actuarial profession.
2:00 p.m. - 3:00 p.m., Circus Room, Open meeting about future of actuarial profession.
4:00 p.m. -- 5:00 p.m., Circus Room, Open meeting about future of actuarial profession.

Visit by Wellpoint

On Tuesday, October 21, 2008, at 6 p.m., in Stevenson Hall room 401, representatives of Wellpoint made a presentation on the health insurance industry and working for Wellpoint. Students interested in employment and internship opportunities with Wellpoint should send an e-mail inquiry to: college@wellpoint.com.

Meet the Firms

2008 Meet the Firms event was held Wednesday, October 1, 2008, 6:00-8:00 p.m. in the Old Main Room of the Bone Student Center on campus of Illinois State University, in Normal, Illinois. Campus map can be found at: http://www.IllinoisState.edu/map/. This event was an opportunity for actuarial employers to present themselves to students and collect students' resumes for internships and jobs. Employers can contact Ms. Susan Mitchell, tel. 309-438-7797, fax 309-438-5866, or Dr. Krzysztof Ostaszewski, with any questions. Registration for employers was done online at: https://survey.lilt.ilstu.edu/TakeSurvey.aspx?SurveyID=9211487. The following employers attended: Aegon, Allstate, Blue Cross Blue Shield of Illinois, COUNTRY Financial, The Hartford, Hewitt Associates, Horace Mann, Humana,  Pinnacle Actuarial Resources, RGA Reinsurance,  RLI Insurance, Sentry Insurance, State Farm, Towers Perrin, Travelers, Trustmark, Wausau Insurance, Wellpoint, Zurich.

High School Actuarial Career Fairs

The 2008 Actuarial Career Fairs were held in September 2008. 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/08studreg.cfm. Educators were also most welcome, and could register here: http://www.beanactuary.org/news/08edreg.cfm. This event is organized by the Actuarial Program of Illinois State University, and it receives support from the Midwestern Actuarial Forum, the Katie School of Insurance and Financial Services, the Casualty Actuarial Society, and the Society of Actuaries.

Visit by Allstate

On Thursday, Setember 18, 2008, at 6 p.m., in Williams Hall room 313, representatives of Allstate Insurance made a presentation on the property/casualty insurance industry and working for Allstate.


Actuarial Banquet

2008 Actuarial Banquet was held Friday, April 18, 2008 at The Chateau Hotel in Bloomington, Illinois. The keynote speaker was Mr. Gregory Girard, FCAS, CPCU, ChFC, an alumnus of Ilinois State University and an Actuary at State Farm Mutual Auto Insurance Company.

2007

Three Presidents of Major American Professional Actuarial Organizations at Illinois State University Sesquicentennial, November 2, 2007

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:

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.
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.
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.

 

Shane Chalke: Actuarial Entrepreneur

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.

Claire Bilodeau: Research Actuary

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?

High School Actuarial Career Fairs

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.

 

Meet the Firms

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 Financial, 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.

Actuarial Banquet

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.

Actuarial Research Event

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.

2006

Actuarial Career Fairs

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:

  • Monday, September 25, 2006, 3:00-6:00 p.m. in the Old Main Room in the Bone Student Center on campus of Illinois State University, in Normal, Illinois.
  • Monday, October 2, 2006, 3:00-6:00 p.m. at the Chicago office of Illinois State University, 150 N. Michigan Avenue, Suite 1590, in Chicago, Illinois.

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.

Meet the Firms

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 Financial, 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.

Actuarial Research Event

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.

Actuarial Banquet

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.

2005

Actuarial Career Fairs

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:

  • Monday, September 19, 2005, 3:00-6:00 p.m. in room 401 of Stevenson Hall at Illinois State University, in Normal, Illinois.
  • Monday, September 26, 2005, 3:00-6:00 p.m. at the CNA Insurance Company at 333 South Wabash in Chicago, Illinois.

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.

Meet the Firms

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 Financial, 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. 

Actuarial Research Event

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.

Actuarial Banquet

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.

2004

Actuarial Career Fairs

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:

  • Wednesday, September 22, 2004, 4:00-7:00 p.m. in the Old Main Room at the Bone Student Center at Illinois State University, in Normal, Illinois.
  • Wednesday, September 29, 2004, 4:00-7:00 p.m. at Allstate Insurance Company, Allstate Plaza West, 3100 Saunders Rd., in Northbrook, Illinois.

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.

Meet the Firms

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 Financial, D.W. Simpson, Epic Consulting, The Horace Mann Companies, Pinnacle Actuarial Resources, RLI Corp., State Farm, Trustmark Insurance, WellPoint, Zurich North America.

Actuarial Banquet

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.

2003

Actuarial Career Fairs

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:

Meet the Firms

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 Financial, 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.

Actuarial Banquet

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

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 Financial, 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.

Actuarial Banquet

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

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 Financial, 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.

Actuarial Banquet

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

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 Financial, Hewitt Associates, The Horace Mann Companies, Miller Herbers Lehmann and Associates, PriceWaterhouseCoopers, State Farm Insurance, Tillinghast-Towers Perrin, Trustmark Insurance.