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
  • July 2018
07

Globalisation for the actuarial profession

Open-access content Tuesday 10th July 2018 — updated 5.50pm, Wednesday 29th April 2020

Back in 1999, when I decided to become an actuary, I did not consider the possibility of living and working in far-flung places.

2

Back in 1999, when I decided to become an actuary, I did not consider the possibility of living and working in far-flung places. I thought that Madrid, my hometown, would always be my professional and personal base. Looking back, that idea could not have been more wrong. I have spent most of my life since then in London, Frankfurt, Brussels, New York and California. During this long journey, besides filling the coffers of removal companies and airlines, I have learned multiple lessons. A paramount one is that that we cannot escape globalisation. 

Globalisation is the headline theme of the July edition of The Actuary. From the above, you can probably guess that this topic is extremely close to my heart. But more importantly, it is crucial for the actuarial profession. In this issue, we address globalisation from two adjacent angles: the dynamics of actuarial work in different markets, and how actuaries develop their careers globally. 

We begin this journey by reviewing some statistics on the IFoA’s global footprint, while Jules Constantinou explains his vision for his tenure as president of the IFoA. 

From there, we travel around the world. Thomas Johansmeyer provides an overview of catastrophe bonds, a wide-ranging market and Liz McMahon discusses global risks and their implications for insurers. 

Then we move to high-growth markets: David Dror makes the case for micro health insurance in low and middle income countries, Ricardo González gives a grand insurance tour across Latin America and Tavaziva Madzinga discusses sub-Saharan markets.

On world-wide career development, Bradley Shearer brings inspiration from the lessons that fellow actuaries have learned on their journeys to the top of the profession. And Lewis Maleh shares his experience on how Brexit is shaping the recruitment landscape.


Enjoy the read!


Francisco Sebastian

Editor

[email protected]


This article appeared in our July 2018 issue of The Actuary .
Click here to view this issue

You may also be interested in...

2

The key to longevity

According to Prince, the musician, “the key to longevity is to learn every aspect of music that you can”.
Thursday 26th July 2018
Open-access content

Letter in response to the Risk Margin Working Party

In the April 2018 edition of The Actuary, the Risk Margin Working Party (WP) of the Institute and Faculty of Actuaries commented on the Risk Margin under Solvency II (bit.ly/2l7uAst).
Tuesday 10th July 2018
Open-access content
2

Nearly half of insurance customers happy to share data for cheap premiums

Almost half of insurance customers around the world are happy for insurers to use data from social media companies and health monitoring applications in return for cheaper premiums.
Tuesday 19th June 2018
Open-access content
2

Book review: Thinking, Fast and Slow

I want you to really think about this: two life offices write exactly the same type of business in the same geographies, to the same target market, with the same sales channels, operating for the same length of time, with the same product features.
Tuesday 31st July 2018
Open-access content
2

Allianz warns businesses over natural capital risks

Oil, gas, mining, food and beverage and transportation companies have the highest exposures to risks from depletion of ‘natural capital’, a survey by insurer Allianz Global Corporate & Specialty has found. Risks include higher costs from resource scarcity, regulatory action and pressure from public opinion.
Tuesday 10th July 2018
Open-access content

What about tolerance?

Your article How’s your risk appetite? (bit.ly/2MwlphA) rightly draws attention to the importance of defining clear, relevant and practical risk appetites before undertaking risk management.
Tuesday 10th July 2018
Open-access content
Filed in
07
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Reserving Analyst

London (City of)
Negotiable
Reference
149485

Senior GI Modeler - Capital and Planning

London (Central)
£ excellent
Reference
149436

Risk Oversight Manager

Flexible / hybrid with a minimum of 2 days per week office-based
£ excellent
Reference
149435
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