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The Actuary The magazine of the Institute & Faculty of Actuaries
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Opinion

  • Marjorie Ngwenya Inspiring aspirationsThe end of one year and the start of another is a time when many of us reflect on what we have achieved and what we've still not checked off the list of the previous year's aspirations. It is only when we look back that we truly appreciate how much we have accomplished and experienced in the year.
  • Derek Cribb Taking stock to focus on the futureJanuary is when I take stock of where we have been, and think about where we are going. On reflection, I am very proud of the progress we made in 2017, against a backdrop of global uncertainty and unprecedented continuing political change. Being a relatively small profession, our agility enables us to not only weather the storm but also to harness uncertainties as an opportunity for innovation and positive change. Last year was the first full year with our refreshed strategy, which seeks to ensure the sust
  • Cloud-computer-concept-iStock-832834118-copy Cyber: don't catch your tail in the doorInsurers and reinsurers should transact in cyber risk now to gain the advantage in this class of business, says Tom Johansmeyer
  • Francesco Sebastian A bright forecastAs 2018 begins, many of us wonder: 'What will this year bring'? From experience, I know that my forecasts err on the wrong side. However, this does not deter me from dusting off the crystal ball once again. What I know for a fact is that The Actuary must keep up with the sterling standards that Richard Purcell and other previous editors have imprinted, and be on a par with the bright minds of our readers and with the calibre of the IFoA's work.
  • p4-Richard_Purcell Changing timesWhat defines us as a profession? Is it our technical expertise, the As another year comes to an end, so too does my editorship of The Actuary. The past two years have been a fantastic experience, and have gone by very quickly indeed. It has been a privilege to lead such a dedicated and talented team of volunteers, as well as the wider team at the IFoA and publishers, who diligently work behind the scenes to deliver the magazine every mont
  • Marjorie Ngwenya Casting the net wideAs an IFoA member based outside the UK, I believe I have a different perspective from that of my predecessors. I'm currently based in Johannesburg, but spent most of my career in the UK. I have also been fortunate to have visited members in many other countries. I am therefore invested in fostering relationships with our UK-based members as well as responding to the ever-growing demand for IFoA membership and interaction overseas.
  • Derek Cribb Strength in numbersOur strategy recognises that actuaries are a small but global community who are at their strongest when working together. Globally, there are around 70,000 qualified actuaries, but more than five million qualified accountants and a similar number of lawyers.
  • Derek Cribb The business of scienceThe recent extreme weather in the US has caused devastation on a massive scale. Because of hurricanes like Harvey and Irma, people in Texas, Florida and the Caribbean have seen their lives and livelihoods washed away in an instant.
  • p4-Richard_Purcell Professional prospectsWhat defines us as a profession? Is it our technical expertise, the high standards we hold ourselves to or the ability to apply our skills in a business setting? Perhaps it's a combination of these or other factors.
  • Marjorie Ngwenya Adapting our focusWe talk a lot about professionalism in the financial services industry, but it can be hard to define exactly what that means. According to the Oxford English Dictionary it is 'the competence or skill expected of a professional'.
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