Which Actuaries make the Best Risk Managers? A Discussion Meeting

Introduction

As part of the Profession's drive to widen the range of careers open to actuaries, a risk management taskforce was established. It put out a statement headed: ‘We're All Risk Managers Now’. Reactions to this varied from: “What do you mean now — actuaries have always been risk managers.” to: “That certainly doesn't include me.”

This Sessional Meeting takes the form of an open debate among actuaries from different fields about the role of risk management in their work:

Which actuarial fields are most advanced in the area of risk management?

Is a change of mindset required to make the most of the opportunities?

What about the part played by the actuarial education system?

Should actuaries look to broaden their experience at an earlier stage in their careers?

The meeting begins with a contribution from a member of the Finance, Investment and Risk Management Board, and from three speakers, with presentations on the subjects of pensions, of life insurance and of general insurance. The discussion which follows gives speakers the chance to say what they think and to help to shape the future strategy of the profession in the process.