Therese M. Vaughan, Robert W. Cooper, and Garry L. Frank*
Abstract
This paper reports the findings of a survey of Fellows of the Casualty Actuarial Society (FCAS) to determine their perceptions of the key ethical issues and dilemmas facing the industry today and the factors they view as most helpful and challenging in resolving these dilemmas. The responses are compared to a previous survey of Fellows of the Society of Actuaries (FSA). The study finds that FSAs and FCASs tend to rank key ethical issues similarly and that both groups of actuaries tend to look first to their own personal values, second to certain factors in their business environment, and last to professional factors when resolving ethical dilemmas. Finally, the paper contains some implications for the actuarial professional associations as they attempt to assist their members in resolving ethical dilemmas.
Key words and phrases: ethics, professionalism
Therese M. Vaughan, Robert W. Cooper, and Garry L. Frank