IFoA President Louise Pryor said: “It’s a great honour to be chosen as the next President of the IFoA. We are living through a period of immense change which presents both challenge and opportunity. I want to build on the valuable work of my predecessors to ensure that the IFoA can survive and be sustainable. I believe the best way to do this is for actuaries and the IFoA to keep learning. Over the next year, my presidency will be focussed on supporting members to develop their skills so they can adapt to change in existing areas of work as well as move into new areas.
“I began my actuarial career 40 years ago at a time when climate-related risk was simply not on the horizon. I have believed for some years that this risk is the biggest problem facing the world and have watched climate-related risk become mainstream and even mandated by regulators in many countries. Assessing the impacts of climate-related risk is a relatively new field for actuaries and underscores the need to keep learning and adapting our skill sets. We already offer a broad range of resources to support our members in this area, and are constantly extending it. I am excited to announce that a pilot credential in climate risk is underway and we hope to be able to offer the full course later this year.
“The IFoA’s Learning Change Programme will gather pace this year, aiming to modernise, deepen and broaden our actuarial qualifications and lifelong learning support. We are reviewing the pre-Associateship syllabus, and aim to broaden the portfolio of routes to fellowship. We are continuing to invest in our online exam platforms and are working to ensure that lifelong learning meets the changing needs of our Fellows and Associates who cannot rely only on the skills tested at the start of their careers.
“Adapting to the many changes around us will be a learning process for both individuals and for the IFoA but our shared goal will help to ensure the relevance and sustainability of the profession.”
IFoA CEO Stephen Mann, said: “I would like to congratulate Louise Pryor as she becomes the next IFoA President. Over the past year, in her role as President-elect, she has been instrumental in helping guide the IFoA through the immediate challenges of Covid-19 while also working towards delivery against longer term elements of our strategy. Her focus on lifelong learning is at the heart of this strategy and I am looking forward to working with her over the next year.”
“I would also like to take this opportunity to thank both Tan Suee Chieh as he moves to the role of Immediate Past President and John Taylor, who ends his three-year term on the IFoA Presidential team. And I extend a warm welcome to Matt Saker as he officially becomes President-elect.”
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