Like me, I expect you have found yourself at a social gathering or event trying to explain to someone, with no experience or exposure to actuaries, exactly what an actuary is. It’s not simple is it! Never being one to shy away from a challenge, I made ‘promote’ the focus of my presidential year. The challenge that we face as actuaries was reinforced by some ‘mystery shopping’ market research undertaken by the Institute and Faculty of Actuaries (IFoA) with a number of HR Directors from industries not typically associated with hiring actuaries.
When the HR Directors were presented with a set of skills (the actuarial skillset), 94% agreed that they were the skills that they look for when hiring into ‘C Suite’ positions. When it was revealed that the skillset related to those of actuaries, only 26% said that they were likely to employ an actuary!
What this said to me was that we, as actuaries, need to be better at promoting ourselves and the skills that we can bring to businesses.
Now we all know that diversity of input builds a better outcome, so I gathered some people who had expressed different views about how to help bring our skills and professional qualities to life in a novel and engaging way. What we ended up with was a short animation, which you can view below. I would like to personally thank Chloe Cox, Susan Drekslar, Martin Potter, Ravi Rastogoi and Andrew Reid who worked with me and the creative team to produce the ideas and words that helped shaped the animation.
Although I have now rolled off the presidential team, I still remain passionate about promoting our profession. I hope the animation helps spark some ideas about how you can promote yourself and the valuable skills that you have acquired as an actuary to potential employers. I also hope that it inspires bright, young mathematicians to think about a career as an actuary.
President, Institute and Faculty of Actuaries, 2015/2016
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Cancer incidence and mortality vary by region and socioeconomic status. Modelling the structure development and trends of cancer risk is important for insurance purposes and can impact pricing and reserving in related health insurance fields such as critical illness insurance and care provision.
A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.
This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.
How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more.
This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.