The Casualty Actuary's Role in Risk Management

This paper presents an overview, a book review, and a challenge to you, the reader. 1. An overview of the role of the casualty actuary in risk management today. 2. A book review of a remarkable new work by a philosopher of science which provides a framework we actuaries can use to develop better actuarial methods for risk managers and others. 3. A challenge--actually, two of them--to the reader to 1) criticize the suggestions made in the second section about how to develop better methods, and 2) follow the guidelines as revised to develop better actuarial methods for risk managers.