The Actuarial Profession

66 Pages·2012·1.84 MB·English

by  Jason Dooley

No - It’s not just like accountancy!
© 2012 The Actuarial Profession  www.actuaries.org.uk
The Actuarial Profession
and an Introduction
Marjorie Ngwenya
Director at Mazars

© 2012 The Actuarial Profession  www.actuaries.org.uk
About me
FIA, ATT
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Director and leader of life and health actuarial
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practice at Mazars LLP
Consultancy and reinsurance
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Member of Council
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Former editor of The Actuary
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Assistant Examiner
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Visiting lecturer – Kenya, Armenia, India
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© 2010 The Actuarial Profession  3
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About actuaries
Actuaries are problem solvers and strategic thinkers with a deep understanding of
financial systems.

-ever-changing environment
-across geographies and roles
-one of most diverse, exciting and rewarding careers in the world.

Experts in risk - calculate the probability of future events occurring.
What’s the difference
between an actuary and
Frequently voted
an accountant?
best career to have
Or…
The brunt of many
jokes

© 2010 The Actuarial Profession  4
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The global profession
41% of Institute and Faculty members based outside
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of the UK
Institute and Faculty of Actuaries
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International Actuarial Association (IAA)
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64 member associations/26 associates
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Portable qualification
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Prestigious qualification
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Engaging with the profession
Ask not what your
profession can do for you…

Volunteer vacancy database
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Networking events
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CPD opportunities
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© 2010 The Actuarial Profession  6
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Your speakers
Trevor Watkins – Director of Education, Institute and
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Faculty of Actuaries
Saheel Master – Chairperson, PwC
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Angel Kansagra – Pensions, Deloitte
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Mark Hart – General Insurance, Zurich
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Saheel Master- Risk, PwC
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Jean Eu – Life Insurance, Correlation Risk Partners
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© 2010 The Actuarial Profession  7
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Education
Trevor Watkins
Director of Education
Wednesday 24 October 2012

© 2012 The Actuarial Profession  www.actuaries.org.uk
The Actuarial Profession
•Promotes the work of actuaries
• Oversees the education of actuaries belonging to the body at all stages
• Expands actuarial knowledge
• Enforces ethical and professional standards
• Identifies matters where the work of actuaries would be of benefit to
the public
•The Institute and Faculty of Actuaries is the professional body that all
actuaries in the UK belong to
•If you want to be an actuary you must become a member and take all 15
exams and 3 years work experience to qualify as a Fellow.

© 2012 The Actuarial Profession  www.actuaries.org.uk
The Actuarial Profession
Professional qualification
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Well respected profession
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Variety, flexibility and a
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challenging career
Internationally recognised
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business qualification with
overseas opportunities
Excellent rewards and benefits
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© 2012 The Actuarial Profession  www.actuaries.org.uk 1
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