The SOA Board has conducted an exhaustive study of the critical challenges facing the SOA, the actuarial profession and long-term growth prospects for both. We are excited to share the strategic roadmap for how we will evolve and transform our educational offerings to empower candidates and members with new skills and techniques in order to elevate the profession’s effectiveness for employers and society and safeguard its relevance and viability.
We call this SOA to the e-power. It will take all of us to power this transformation and realize its exponential opportunities.
The Case for Change
Everyday, actuaries are analyzing more data than ever before, and managing the increasing complexity and interconnectedness of risk. Major changes are affecting our profession, from new technologies to shifting demographics to the globalization of business and the need to foster a more diverse, equitable and inclusive profession.
We have studied the accelerating trends which are changing our environment and impacting our work as actuaries. We’ve identified the following six critical issues through this strategic effort:
Based on these trends, there are four areas where we must consider significant changes to fundamental aspects of the SOA offering: education, development & engagement, research and global which are currently under development.
Get detailed Case for Change information including presentations, speeches and articles.
Our Path Forward
This initiative is a several year journey, from analysis to full implementation, with some changes happening sooner than others. The work we have done to date has been deep, covered a wide scope of issues and identified many areas for attention. We have shared our findings with various stakeholders and have incorporated their feedback into our work to convert this analysis into practical, actionable strategies. We will keep you informed of updates and official changes in advance of implementation.
We want to hear from you throughout this process. After exploring this site, please complete this feedback survey. Complete the survey by Nov. 23 and be entered to win a Power Pack (hat, tumbler & charger). Click here for rules and information.
PHASE 1
Case for Change
Why – We will outline the rationale for why we need to evolve with the changing landscape.
PHASE 2
Strategies for Success
What – We will announce changes and enhancements as they are finalized.
PHASE 3
Mobilize the Movement
How/When – We will share implementation information you need to know.
Be Part of SOAe
We invite you to explore the SOAe site to learn more about Powering the Profession for Long-term Growth and to engage with us and stay connected.
Get more information from the Case for Change Resource. 