Students world-wide get taste of life as an actuary

After last year’s success, the Profession launched the scheme world-wide and today students from Ulaanbaatar to Riga will be finding out their results.

Of the 158 students who took the exam, 47 were based overseas, and the uptake demonstrated the global standing of the Profession’s qualifications.

Dr Trevor Watkins, the Profession’s head of learning, said: “It’s not easy studying to be an actuary. It takes around five years of dedicated learning, study and examination. When we offered non-actuarial students the chance to sit this exam last year, we wanted to give those with an interest in becoming an actuary the chance to test the waters before committing to the rigorous and often arduous process.

“Of course, our profession is a global one and there are Fellows of the Institute of Actuaries and Faculty of Actuaries world-wide so it made sense to offer the exam internationally. We had candidates in some pretty far flung locations and this reaffirms our qualifications as being an international charter mark of excellence.”

He added: “I am delighted with the uptake and would like to offer my congratulations to those who passed and commiserations to those who were unsuccessful this time around. I hope that those who were successful will now consider a career as an actuary. They would be most welcome in our profession.”
 

Ends

Full pass list information can be found here.

More information about the Certificate in Financial mathematics can be found here.

Enquiries: Tel. Michael Scanlan on 020 7632 1453 / 07798 804 871 or email michael.scanlan@actuaries.org.uk
 

Notes to Editors:

1. Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.
2. Members of the Profession have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.
3. The Profession is governed jointly by the Faculty of Actuaries in Edinburgh and the Institute of Actuaries in London. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of the Profession in society.
4. The Profession is available to provide expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.

Further information on the work of the Profession can be found at www.actuaries.org.uk

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