Actuaries are known to be mathematicians - professionals who apply mathematical skills to solve problems in business, finance and insurance. So how much of the actuarial curriculum contains mathematical content? If you look at the exams after the Core Technical (CT) series, they are of an essay-type, requiring lengthy written responses to practical situations.
It is observable that many great mathematicians who speed past the CT series struggle with the Specialist Technical and Specialist Applications exams, never qualifying though possessing superior mathematical ability. It's time the actuarial curriculum was revised to be more mathematically oriented with mathematical responses required to given situations so that actuaries are truly mathematicians, and capable mathematicians qualify as actuaries.
Rizwan Majeed Khan 21 February
The editor welcomes readers' letters but reserves the right to edit them for publication. Please email [email protected]. The deadline for receiving letters for the May issue is 14 April 2014.