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
  • Sections
  • Opinion
  • 2017
  • 08
President Comment

Transformation ahead

Open-access content Tuesday 8th August 2017 — updated 5.50pm, Wednesday 29th April 2020

It is a time of change. This brings about challenges, opportunities and risks, and I am honoured to be taking on the leadership of the IFoA at such a time. I believe that the skills and value actuaries can bring are more relevant and needed than ever before.

2

—


During my year as your president I wish to ensure that we continue to help people to understand risks, the role of actuaries in this regard and also help them to make the most of the opportunities that arise with change.

We are a profession capable of adapting; 200 years ago we were creating life tables on pieces of paper and today we rely on computers to tackle complex modelling while increasingly acting in an advisory role. 

Building on our ability to understand the interaction of complex changes, the actuary of tomorrow will be a skilled and highly valued consultant, guiding clients and the societies in which they live through the complex challenges that they will be facing. 

We will be acting to protect and enhance the environment and sustainable prosperity of these communities. 

This is such an important role when the ideals of openness and free movement are under threat in our current climate. It's vital that we maintain an open and global perspective. 

We must ensure that we are future fit - by which I mean being clear about the value we can add to businesses and society - and communicating it effectively.

We should look to broaden the areas in which we work, translating our skills to benefit new industries.

As a leading professional body for actuaries, we want to ensure that our regulation of the profession stays relevant as the changes caused by the fourth industrial revolution take effect.

We must not stifle our members of their innovation. We must ensure that our professional standards continually develop so that our people are respected, valuedand trusted as we enter new markets and areas of work.

We must continue to be the professional body of choice in a world where our prospective members are faced with so many options.

My vision for us as a profession is to broaden our sphere of influence. We need to ensure we are heard on  relevant matters - beyond solely financial services, to give valuable input and insights into a wide range of industries and public sectors. 

As your president, I pledge that I will serve you and the best interests of our IFoA. I am keen to hear from you and to understand how our combined efforts can best serve the profession.

In my view, it's a great time to be an actuary!

To watch Marjorie's presidential address, visit: bit.ly/Marjorie_address


Marjorie Ngwenya is the president of the Institute and Faculty of Actuaries

Filed in
08
Also filed in
President Comment

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Calling all GI Actuaries looking to move into contracting

England, London
£700 - £1000 per day
Reference
146169

A chance to gain capital modelling experience.

London, England
£70000 - £110000 per annum
Reference
146168

Capital Contractor GI

England, London
£700 - £1000 per day
Reference
146166
See all jobs »
 
 

Today's top reads

 
 

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