Changes Ahead for Actuarial Profession

Press release from

New Institute of Actuaries President pinpoints future challenges

1 July 2008 – New Institute of Actuaries President, Nigel Masters FIA, highlighted the significant changes ahead for the Actuarial Profession in his Presidential Address in London yesterday.

Speaking at the Institute’s Annual General Meeting, Mr Masters said globalisation, the changing role of actuaries and a proposed merger between the Faculty and Institute of Actuaries would be among the most significant issues for the profession during his term of office.

He said: “To be asked to lead the Institute at this moment is an enormous privilege and an enormous responsibility. At any time, to be President is a privilege and a responsibility, but at this time, I believe the role has more opportunities for success or failure than in recent times.

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