2012-03-22

Are there enough students and trainee actuaries?

The society of actuaries in the UK took a snapshot of the overall actuarial population across Europe at the end of 2010. This snapshot showed that the number of actuarial students across Europe is increasing year on year. Some interesting facts about the current student population are as follows: There are about the same number of trainees going through the exam process as there are qualified actuaries. Male trainee actuaries out number females by almost 3 to 1. Life companies still offer the highest number of opportunities for trainee actuaries followed by Pensions providers with GI companies trailing quite far behind. Paradoxically industry experts predict that the GI sector is set to see the fastest growth so will the shortage of GI actuaries be a feature that will continue long into the future if there isn't more investment in trainee positions today?