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The Actuary The magazine of the Institute & Faculty of Actuaries

Actuaries doing their bit


At a recent event I was reminded that there are about 4,000 members who volunteer for the IFoA, almost 15% of the profession. It’s quite a staggering number really, and underlines just how big a part members play in driving our profession forward.


Those of us who do volunteer do it for a variety of reasons. For some, it’s just enough to know you’re giving something back. Personally, I thrive off working with some great people, and the sense of achievement seeing the end result delivered each month. In our very first volunteer profile, we hear from Patrick Kelliher about why he gets involved, and the new skills he has picked up.

If you are looking for inspiration on ways to get involved, whether it’s your first or 15th time, we have some food for thought in this month’s issue. Luke Hatter, chair of the IFoA Board of Examiners, shares some tips for students and calls for more markers, particularly from overseas

Working parties provide an important way to advance our thinking on key issues. One example is the IFRS 17 working party. They have been looking at the impact of the new accounting standards on general insurers. If the current list of working parties doesn’t float your boat, why not consider setting up your own? There seems to be no shortage of matters the actuarial profession could be focusing its attention on, particularly in the wider fields.

Matthew Bell, chief executive of the Committee on Climate Change, believes actuaries can add value in understanding matters of intergenerational fairness inherent in climate change prevention

There are lots of opportunities to make your mark, and provide a valuable contribution to a profession that relies on such support, including as editor of The Actuary. Chances are you will learn something different and meet some new people along the way.

Richard Purcell

Editor, @richardpurcell