This article by principal Karl Volkmar originally appeared in the SOA Health Section News, in September 2001 ( Page 12)

How could this be true given that virtually all actuaries working in the profession work with data, either directly or indirectly, every day? Based on some additional discussions, I believe it is true because actuaries know that the data quality situations/scenarios an actuary can be faced with are endless.  Every situation is different, and all require analysis and, ultimately, professional judgment. This is a perfect lead-in to a discussion regarding ASOP No. 23.

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