Actuaries work in a number of different practice areas, predominantly: enterprise risk management, financial and investment, general insurance, health and care, life insurance and pensions.
Each of these areas is supported by an executive committee which oversees the development of knowledge and research within its own area, provides members with CPD opportunities and takes forward a programme of practice-specific research. The committees also foster a sense of community among actuaries practising in their particular field of expertise.
If you have an idea for an activity which you think the profession should be undertaking (perhaps a topic for research or a thread for a new discussion board) please contact the practice manager for the relevant practice area (Dawn McIntosh, enterprise risk management and general insurance, Elvis Gannon, Finance and investment and pensions, and Jennifer Chaplin, health and care and life).
- Enterprise risk management - helping companies understand and manage risk in line with their business objectives
- Finance and investment - for actuaries working in banking, corporate finance and investment
- General insurance - rating products, advising on reserves and capital requirements, and similar general insurance activity
- Health and care - a growing area in both the private and public sectors as health provision models evolve to meet changing needs
- Life insurance - a traditional area for actuaries, with the roles evolving as life insurance itself evolves
- Pensions - actuaries play a key role in advising companies on all manner of pension schemes and structures