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The Actuary The magazine of the Institute & Faculty of Actuaries

Marjorie Ngwenya on a year of progress


Throughout my year as president, I have focused my energy around three goals for the profession: proactively seeking to be future fit, creating suitable professionals, and finding ways to serve our diverse membership.

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

I would like the value of the actuarial skill set to be seen as relevant beyond financial services, and for the value of the actuarial skill set to be widely communicated and understood.

With these aims in mind, we held a successful Global Data Science Summit in September 2017, bringing together actuarial associations, academics and industry experts from around the world to discuss the role of actuarial professionals within the realm of data science. Our Sustainable Development Goals campaign – the IFoA’s first global policy initiative– remains ongoing and explores how actuaries in diverse areas of practice can contribute. 

I was delighted so many people took part in our consultation on the Qualification Framework and Chartered Actuary proposal, helping us to take into account a diverse range of views. The consultation shared the IFoA’s aim of attracting a new generation of generalist actuaries, who will take less specialist roles in industry.

Throughout the year, I have renewed my appreciation for the global nature of our profession and the spread of the IFoA’s membership. A personal highlight has been visiting the regional societies in the UK and beyond. The IFoA’s inaugural road show in Africa was a particular pleasure to host. I enjoyed meeting members who are our profession’s strongest advocates and constructive critics, and have enabled me to better understand the challenges they face and the opportunities they are embracing.

It has been an honour to be your president, and I wish Jules Constantinou the best of luck for his term.

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