In this blog, Marjorie Ngwenya, President, Institute and Faculty of Actuaries, discusses the importance of meeting actuarial professionals in India and our Council meeting at the 19th Global Conference of Actuaries meeting in Mumbai.
2018 is getting off to an exciting start with our Council meeting in India this week. Council members from the UK, Singapore, Hong Kong, Zimbabwe and South Africa are meeting in Mumbai on the fringes of the Global Conference of Actuaries (GCA) hosted by the Institute of Actuaries of India (IAI). India is part of my geographic Presidential remit so I feel really excited to be able to Chair our January Council meeting from Mumbai.
India is an emerging market in terms of actuarial skillset. However the market is growing fast and it’s an exciting place to be with tremendous opportunity and potential. We want to help enable that potential with an education syllabus and actuarial qualifications which provide professionals with a depth of knowledge and expertise that allows them to work in a range of different industries.
So attending this GCA gives us an incredible opportunity to meet our Indian membership and network with over 600 actuaries from all over the world. We want to have open and constructive discussions about the future of actuarial skills and we will be encouraging members to engage with the Chartered Actuary consultation, make sure that the Curriculum 2019 changes are understood and endorse the value of the CAA qualification for the Indian market.
Most importantly, we are here to listen. In fact, we are here to listen and learn. During the course of this week, we will be meeting with members in their workplace, at the GCA, and at celebratory events such as new qualifier and volunteer recognition events. This will give me and my fellow Council members in India the chance to hear about the challenges and opportunities that present themselves in such a large and complex market.
To maximise the value of the visit, three days of employer meetings in Mumbai and Delhi have been arranged. While we are in the country, it makes sense to hear directly from India’s actuarial employers about the specific skill sets they are looking for and to make sure what we offer suits the needs of both employer and employee.
Marjorie Ngwenya, President, Institute and Faculty of Actuaries