Early next month, Council members from the UK Institute & Faculty of Actuaries (IFoA) will be holding one of its quarterly meetings in Africa.
In what will be a first for the IFoA, members of Council will be joining the national society conferences in Kenya, Nigeria and Zimbabwe, before participating in a seminar hosted by the Actuarial Society of South Africa (ASSA), and finishing up with a Council meeting in Cape Town.
Africa’s actuarial profession has been experiencing unprecedented growth which has led the Council to decide that now is the right time to engage, connect and learn from the rapidly changing societies and markets on the continent.
Writing in The Actuary, IFoA president Jules Constantinou said that as the continent develops, so do the opportunities for actuaries at all levels of practice and qualification.
“From Kenya to South Africa, Nigeria to Zimbabwe, there’s a conversation taking place about how the profession can support and enable this growth in a way that’s tailored to the needs and identities of the region. We want to be a part of that conversation to understand how we can contribute, and how the profession’s transformation in Africa might point the way to the future,” he added.
The visit will also give Council members the opportunity to discover more about innovation across the continent, including healthcare and fintech, to learn how they could work in a global context.
“As we become an ever more global profession, our commitment to understanding and connecting with our members is vital to our success as a truly 21st-century professional body,” Mr Constantinou said.