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History of the Actuary of the Future: Accomplishments and
Milestones
The Actuary of the Future (AOF) section was formed as a result
of the work completed by the Actuary of the Future Task Force during 1990-1991.
The Actuary of the Future Task Force completed its work with a
comprehensive report submitted to the SOA Board of Governors in September 1991
entitled "A Plan to Develop Non-Traditional Opportunities for Actuaries". The Task
Force was charged to identify and prioritize non-traditional opportunities, and to
suggest an execution plan for developing them. Its report provided 12
recommendations in areas including: development of career planning prototypes,
revisions to basic and continuing education, expanding the roles of actuaries
within traditional employers, targeting specific non-traditional employers to
develop non-traditional roles, and developing a Financial track within the
examination system, among several others.
See
the recommendations submitted in the 9/91 AOF Task Force report
The SOA Board of Governors authorized formation of the Actuary
of the Future.
Created in 1992, the AOF Section was charged to act on the
recommendations made in the original task force report. Members of the AOF Task
Force comprised the first AOF Section Council.
Launched the Actuarial Pioneer Program
Originally called the Ambassador Program, the Pioneer Program is
rooted in work conducted by the AOF Section. The goal of this program is help
develop non-traditional career paths by identifying actuaries who have blazed a
trail for others by creating a new application for actuarial science or who are
among the first to apply the actuarial skill set in a nontraditional setting.
Advancing the concept and development of the Personal
Actuary
AOF assumed oversight of the Personal Actuary Task Force to
strengthen its efforts do develop opportunities for personal actuaries. We have
secured funding and support from the BOG for additional research to better
capitalize on the potential for this as an emerging career path for actuaries.
Aligning closely with the Marketplace Relevance Strategic
Action Team (MRSAT).
The MRSAT is charged with enhancing the knowledge and perception
of actuaries among all current and potential employers of actuaries. This
alignment has helped lead the creation and development of initiatives including
the SOA's Image Campaign, actuary@work, and the Value Ladder Concept for
increasing the actuaries' value to our various stakeholders.
Continuing Education
AOF has regular sponsored (or co-sponsored with other sections)
topics addressing career development and non-traditional opportunities at SOA
meetings, as well as meetings conducted by other actuarial organizations and local
actuaries clubs. These sessions have often featured actuaries in nontraditional
roles sharing their experience, and some of the visionary work of the section that
has now become some of the backbone of SOA strategic agenda.
See examples of some
presentations
Environmental Scanning
Developing a framework for identifying trends and staying "ahead
of the curve" on issues impacting the continuing growth of our profession.
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