Actuaries should develop a balanced approach to create a good legacy, says Deepak Jobanputra
I have previously written about the elusive nature of time and how sometimes it seems to go fast, or slow. Few, if any, things in life are permanent, and change is something to which we are all exposed.
There are many natural forces at play as well as man-made influences that affect and shape the world. This month we feature an article that considers the sun, solar activity and the impact on climate change. It cites a challenge to actuaries and the profession as a whole to become involved in this area, and suggests we have a unique and varied blend of skills that can work with specialists in these fields. I hope we are able to diversify and grow into these new and exciting areas that have a huge impact on society.
Your interview with Harold Clarke gives an insight into his successful career spanning over four decades. He highlights some great examples of change, as you might expect during this period. Something that particularly caught my attention was the contrast between making a business case for change and taking a chance. Clearly, given the change in the risk and regulatory environment across the globe in recent years, this will be a much bigger challenge. Hopefully it will not adversely affect innovation. This interview and a number of other features this month focus on communication. Building complex models to solve complex issues may be necessary (and even fun) but process and results need to be conveyed in a comprehensible way to wider audiences.
In keeping with the coming winter break, we have produced our 12 Days of Christmas Puzzle Book again and I hope you enjoy these yuletide teasers. There are lots of great prizes to be won.
Lastly, I have been privileged to be the editor of The Actuary for two years and it is now time for me to step down. The experience has been an amazing and highly enriching one. At times it felt as though I had been doing the job for just a few moments and at other times for years.
I would like to say a big thank you to all those involved with the magazine and welcome the new editor, Kelvin Chamunorwa.