Description: Actuarial science is at a cross roads. Many are urging that our highly successful examination process be partially abandoned in favour of accepting university courses in a number of basic subjects. This drive is based in part on the difficulties in supporting the present system, the experience elsewhere and a misplaced confidence in the quality of the university system. This paper explores where the university system is and where it needs to go in order to adequately serve the interests of the actuarial community.

Description: This panel discussion, from the April 1982 Society of Actuaries meeting in Orlando, presented a discussion on development as of 1982 in the education and exam system. Topics included: 1. Goals, purposes and objectives of actuarial examination and education. 2. Critique of the current system. 3. Role of the academic community in actuarial education. 4. Interrelationship of the Society's E&E structure with that of other actuarial bodies. 5. Plans and future directions.