Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • May 2012
05

Former editor coaches IAI life students

Open-access content Tuesday 29th May 2012

Marjorie Ngwenya describes her trip to India to coach ST2 candidates

2

At the beginning of March, I travelled to Mumbai to coach ST2 (life insurance) students, at the invitation of the Institute of Actuaries India (IAI). The course was set up for students who had previously taken the examination and were close to achieving a passing grade.

Some of them had decided to hedge their bets by taking the UK examinations, as well as the Indian papers. They raised concerns about the differences in marking approach between the two countries, but acknowledged that detailed knowledge of the course notes was the solution. We spent the week at the Institute of Insurance, going over core reading and practising examination questions. While the objective of the course was for me to teach, I also learnt a significant amount about the Indian insurance industry, which is subject to some unique regulatory conditions.

My visit to Mumbai was brief but extremely enjoyable, with excellent hospitality, fantastic cuisine and uplifting sunshine. I look forward to hearing how the students fare in their exams.

My thanks go to the Institute and Faculty of Actuaries, the IAI, Munich Re (which partly sponsored my costs) and, in particular, to Gururaj Nayak, Sandeep Mahajan, Merin Thomas and Liyaquat Khan.

Marjorie Ngwenya is a Fellow of the Institute and Faculty of Actuaries in the UK. She is a life insurance actuary and consultant. She is a member of the Council of the Institute and Faculty of Actuaries and an assistant examiner for ST2 and SA2. She was until recently the editor of The Actuary magazine in the UK.

This article appeared in our May 2012 issue of The Actuary .
Click here to view this issue

You may also be interested in...

2

Paris conference to focus on insurance gender directive

The actuarial association of the CNAM in Paris is to host a one-day conference on 31 May to discuss the issues surrounding the forthcoming insurance gender directive.
Tuesday 8th May 2012
Open-access content
2

Invest more to boost growth, says NIESR think-tank

The UK government has been urged to increase its investment in the economy to boost growth, amid warnings that fiscal austerity risks creating a ‘negative feedback loop’ in the countries most affected by the global economic crisis.
Friday 4th May 2012
Open-access content
2

Consumers no clearer on long-term care

Health and care industry experts have expressed dismay that, nearly a year on from the Dilnot Commission report, consumers are no clearer on how they should best plan for their long-term care needs.
Wednesday 2nd May 2012
Open-access content
2

Pension schemes urged to consider emerging markets

Pension schemes should allocate a substantial portion of their growth assets to both equity and debt in emerging markets, according to JLT Investment Consulting
Wednesday 2nd May 2012
Open-access content
2

Profession's learning portals offer boost for exams and CPD

The Actuarial Profession's online learning portals can offer a useful resource for actuarial students approaching their specialist applications (SA) exams
Tuesday 1st May 2012
Open-access content

Profession news round-up - June 2012

AGM / Standards Directory / Derivatives IAN / Volunteering
Tuesday 29th May 2012
Open-access content

Latest from May 2012

2

Letters to the editor - July 2012

In which actuaries discuss the AGM, the actuarial exam and defined benefits
Thursday 5th July 2012
Open-access content
ta filler

70% of FTSE 100 firms now offer diversified growth funds

The number of the UK's leading firms offering diversified growth funds as an option in their defined contribution pension schemes has increased by more than 50% over the past 12 months, according to Towers Watson.
Thursday 31st May 2012
Open-access content
ta filler

FSA unveils reduced pension projection rates

Rules which aim to give investors taking out a pension or life insurance policy a realistic indication of potential future returns have been published for consultation today by the Financial Services Authority.
Thursday 31st May 2012
Open-access content

Latest from formbuilder_item_removed

2

Implementing IFRS 17 Discount Curves: Theoretical and Practical Challenges

The International Financial Reporting Standard (IFRS) 17 requires liability cash flows to be discounted at rates that reflect the characteristics of the cash flows, including their liquidity
Tuesday 3rd September 2019
Open-access content
2

Profit Emergence Under IFRS 9 and IFRS 17: The impact of choice of liability discount rate

With the IFRS 17 accounting standard, insurers need to understand the patterns of profit emergence that arise under the standard, and how current business and methodology decisions affect such patterns.
Wednesday 10th July 2019
Open-access content
2

Whitepaper: Aggregation and diversification of the IFRS 17 Risk Adjustment

This paper forms part of a series of high-level papers designed to provide an introduction to different features of the risk adjustment that should be considered in advance of implementation.
Tuesday 29th January 2019
Open-access content

Latest from small_opening_image

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from 05

ta filler

70% of FTSE 100 firms now offer diversified growth funds

The number of the UK's leading firms offering diversified growth funds as an option in their defined contribution pension schemes has increased by more than 50% over the past 12 months, according to Towers Watson.
Thursday 31st May 2012
Open-access content
ta filler

FSA unveils reduced pension projection rates

Rules which aim to give investors taking out a pension or life insurance policy a realistic indication of potential future returns have been published for consultation today by the Financial Services Authority.
Thursday 31st May 2012
Open-access content
Lloyd's of London interior

General insurance news round-up - June 2012

Financial crisis / Solvency II / PPI / Lloyd's / Deepwater / Aviation / Fitch reinsurance / UK motor / Aviva / Large losses
Wednesday 30th May 2012
Open-access content
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Shape the Future of Insurance

London (Central)
£ excellent package
Reference
149090

Senior Pricing Actuary - Life Reinsurance

London (Central)
£ excellent
Reference
149089

Insurance Investment Leadership Opportunities

Flexible / hybrid with 2 days p/w office-based
£ dependent upon experience
Reference
149088
See all jobs »
 
 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ