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A Trusted Profession

The Institute and Faculty of Actuaries (IFoA) has developed online Professional Skills Training (PST) content to assist members in meeting their Professional Skills Training requirements. 

Details of the requirements for Stage 3 Professional Skills Training for experienced members are specified in the CPD Scheme 2019/2020.

Around 12,000 members are required to complete the Stage 3 PST and the IFoA’s online content is just one option to satisfy the requirements. The content includes a range of video case studies covering professional and ethical issues.

You may of course source relevant CPD from other providers as long as it meets the objectives set out in the CPD Scheme 2019/2020.

What else counts towards meeting the requirements? 

Here is a flavour of what to expect in this year’s videos:

  • The challenges of working in a multidisciplinary project team to implement a pilot using AI technology for insurance renewal pricing; 
  • Deputising for the CRO, you find yourself asked to give the go ahead on a project launch which you think may be outside the firm’s risk appetite;
  • Under pressure from management to come up with a “best estimate” in an impossible time frame;
  • Facing a tough decision on whether to blow the whistle;
  • What level of information do you need to disclose about your model to another professional who is relying on the results to formulate their advice?;
  • “Inspired” by the model licensed from an actuarial software provider - you come up with a plan to save costs;
  • You suspect your boss has personal reasons for favouring a particular service provider in a competitive tender; and
  • Your career prospects are threatened when you announce your intention to take paternity leave, as the firm is relying on your skills for a particular project.

Reflect on how to navigate these challenges whilst upholding the reputation of actuaries so we are A Trusted Profession.

For each video case study there is a separate video where actuaries provide their thoughts on the issues raised.

 

View the 2019/2020 videos
 

If you would like transcripts of any of the videos, please contact professional.skills@actuaries.org.uk.

To reduce buffering issues and improve the user experience, we recommend that you access the videos from a home PC or a mobile 4G connection, as these usually deliver more bandwidth than corporate networks where bandwidth may be limited.

Professional skills online videos 2019/2020

Contact Details

professional.skills@actuaries.org.uk

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