Actuaries are problem solvers and strategic thinkers, who use their mathematical and statistical skills to assess and manage the risk of future events. Since actuaries provide ctirical insights about the future of businesses, they play a significant role in the financial industry. Organisations are increasingly dependent on the work of actuaries to help them make informed financial decisions.
Actuaries are often associated with traditional fields, such as insurance, pensions and investments. As part of their work, actuaries may be involved in calculating insurance reserves, premiums, designing pension plans, and managing financial assets and liabilities.
The rise of artificial intelligence and data science are challenging actuaries to think differently and are creating new opportunities that previously never existed. Actuaries are now involved in many emerging fields such as data science, banking and finance, health, cyber security and climate change.
“Actuaries are creative, curious and adaptable and it’s this learning mindset that helps them succeed in the digital age.”
What you need to know
PwC offers a generous study plan in order to equip you with the technical knowledge, work experience, professional skills and attitudes necessary to complete a professional qualification with the Institute and Faculty of Actuaries (IFoA) or any other accredited Institute.
Benefits
We will sponsor your journey of becoming either an Associate of the Institute of Actuaries (AIA) and/or Fellow of the Institute of Actuaries (FIA). Equivalent qualification routes from internationally recognised actuarial associations will also be sponsored.
As part of your training contract, in addition to covered subscription, examination and study material fees, you will get:
You will also enjoy benefits such as:
When to apply
The online application process commences in June each year. It is highly recommended that candidates apply one year before graduation as this scheme is very competitive.
Each year, the Employment and Training Agreement commences in September.
AIA membership
In order to obtain the AIA membership, you must successfully complete the following:
FIA membership
In order to obtain the FIA membership, you must successfully complete the following:
Professional Examinations
The following subjects need to be completed in order to become an Associate or Fellow:
Core Principles
Core Practices
The following subjects need to be completed in order to become a Fellow:
Choose 2 of the below SP subjects:
Choose 1 of the below SA subjects:
For more information regarding the AIA and FIA qualifications, please visit the IFoA website.
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