By Ronald KOZLOWSKI and Michael TICHAREVA
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Ronald KOZLOWSKI is a Fellow of the Casualty Actuarial Society, and the CAS International Ambassador. |
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Michael TICHAREVA is the Executive Chairman and Senior Actuary at South Africa’s Claxon Actuaries International. He is a Fellow of the Actuarial Society of South Africa and a Fellow of the Institute of Actuaries. Michael is also the Chair of the IAA Banking Virtual Forum. |
Actuaries are increasingly involved in banking practice in various jurisdictions around the world. South Africa and Australia currently lead, with banking practice for actuaries being well established. In South Africa, about 12% of actuarial professionals, roughly about 560 members of the Actuarial Society of South Africa, are involved in banking practice. In North America and Europe, the involvement of actuaries is still at its infancy, although there are also a number of individual actuarial professionals already involved in banking in those jurisdictions.
Disclaimer:
This article represents the opinion of the authors and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 36 – December 2023
