Actuarial Musings for the Forward-Thinking Actuary

Learn more about actuarial related topics such as: Data Science, Insurtech, Actuarial Study, CPD, Productivity, Business Psychology and Technology

Latest Blog Posts

Actuaries & Blockchain

You've heard of blockchain, right?  Of course you have! Blockchain appears to be everywhere these days and is receiving an increasing amount of attention in various media channels. Thanks, partly, to the meteoric rise and partial fall of the volatile bitcoin crypto currency, which utilises blockchain as [...]

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The Extinct Actuary?

I recently took part in a panel debate interview organised by Rick Huckstep from the Digitial Insurer. The write-up was titled: "Is the insurance Actuary an endangered species, or simply facing an evolutionary makeover?" and involved Geoff Keast (CEO of Montoux in North America) and Steven Mendel (Co-founder and CEO of Bought By Many). Rick is one of my favourite InsurTech a [...]

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37 Lessons Actuarial Science Has Taught Me About Life

Compound interest is powerful. Start saving early.Life is a series of likelihoods. Thinking in a probabilistic way will serve you well. Risk is unavoidable. To succeed, you must learn to embrace it.Much of life is random. But thanks to the law of large numbers, doing something enough times can help you create your own luck.S [...]

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6 Thoughts on Future Strategies for the Actuarial Profession

I was recently contacted by another actuary - an IFoA council member - asking for my thoughts on strategies the IFoA should think about for the future. I thought I'd share my response on here, and would love to hear what other actuaries think: ".... Like many other professions, I truly believe that our profession is facing a critical time given the pace of change. So w [...]

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Most Popular Posts

Actuary Vs Data Scientist

Many of my actuarial students are interested in data science.  They often want to know the main differences between actuaries and data scientists. It is my belief that actuaries of the future will incorporate a lot more data science into their day to day jobs. Many actuaries should, therefore, be learning more about how to deal with extremely large datasets and how to use m [...]

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Actuaries and Autonomous Vehicles

In 2017 I spent 6 months on a Fulbright scholarship, in the desert heat of Phoenix and Tempe at Arizona State University. This was also the location where Uber and Google's Waymo decided to test their artificial intelligence powered driverless cars. Sunny weather and flat, pot-hole free roads provided an ideal testing ground for this grandiose experiment. In addition, Arizon [...]

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6 Thoughts on Future Strategies for the Actuarial Profession

I was recently contacted by another actuary - an IFoA council member - asking for my thoughts on strategies the IFoA should think about for the future. I thought I'd share my response on here, and would love to hear what other actuaries think: ".... Like many other professions, I truly believe that our profession is facing a critical time given the pace of change. So w [...]

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Can the Actuarial Profession Survive?

Having been in the actuarial profession for nearly 2 decades, working in 5 different countries and teaching hundreds of actuarial students, there are a few things I’ve observed: 1. Qualifying as an actuary is great…BUT it is no longer the golden ticket to freedom and security. To continue to succeed, we can not afford to stay still. To thrive or even just to survive, [...]

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