Session: 46

Education

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Summary

This paper is a contribution to the current discussion about future developments in actuarial education. The actuarial education systems administered by the Society of Actuaries, the Casualty Actuarial Society and the Faculty and Institute of Actuaries are under review once more, with a view to making further radical changes by 2005. A fundamental objective of the reviews is to broaden the scope of the profession. This paper argues the importance of providing actuaries with business skills, as well as technical actuarial skills, and suggests that future actuaries will be best served by setting much of the training explicitly in a business context.

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Actuary.

Catherine Lyn has worked in the actuarial consulting field in England, Jamaica and now in Canada. Her work started in England over 20 years ago where she gained experience in both U.K. and overseas pension and life consulting. In Jamaica, she worked on all aspects of the pensions industry and related employee benefits for both local and multinational clients. In addition, she worked on the consulting team for the supervision of life companies. 

In Canada, the last few years her work focuses mostly on consulting in the retirement benefits area and associated aspects for mergers and acquisitions in relation to the Canadian operations of multinationals and Canadian companies. Several of these pension plans have members in more than one province. She participates on her employer's quality committee and takes an active interest in training associates in the workplace. She is a Fellow of the Institute of Actuaries.

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