The actuary of the future must emerge with new skills, knowledge and education to compete on a global level
Hunt Blatz, Stephen J. Bochanski and Coulter Smith
February/March 2019

“As we have heard from leaders in many industries, the pace of change will never be slower than it is today,” says Milliman’s Pat Renzi. This insight is as true for actuaries as it is for other business professionals. This article takes a prospective look at where the actuarial profession might be heading over the next five years.

Past and Present

Actuarial veteran Tom Grondin, FSA, CERA, of Canada, recommends, “Start with the past and present, for if we can’t describe and understand the factors that brought the profession to where it is today, then our ability to influence the future is limited or random at best.” So, like the Roman god, Janus, to look forward, one must first look backward—with the caveats this article is not a survey and the opinions in this article do not represent those of the interviewees’ associated companies.