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.
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.
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.
If you would like transcripts of any of the videos, please contact email@example.com.
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
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Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
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.