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Actuarial Competencies Seminar Monday 2 April, 2012 Grand Millennium Hotel, Bangkok

False Perceptions on Actuarial Profession …

Actuaries are square-head person.

Actuaries always say “can’t do it because it’s risky”.

Actuaries speak alien language which no man on earth really understand them. …

False Perceptions on Actuarial Profession …

Actuaries are human calculator.

Actuaries always think of the way to simplify their life but complicate others’.

Actuarial solution is theoretically right but practically wrong. …

Frank Mitchell Redington "As a profession we are apt to be accurate, cautious, consistent, and reticent, and in these lies our strength; but if they do not leave enough room for impulse and imagination, they can be a weakness.

The actuary who is only an actuary is not an actuary."

SOA Competency Framework

A competency is defined as a skill, knowledge, ability or behavioral characteristic associated with a specific profession.

SOA Competency Framework - Communication - Professional Values - External Forces and Industry Knowledge - Leadership - Relationship Management and Interpersonal Collaboration - Technical Skill and Analytical Problem Solving - Strategic Insight and Integration - Result-Oriented Solutions

SOA Competency Framework - Communication Demonstrating the listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings.

SOA Competency Framework - Professional Values Adhering to standards of professional conduct and practice where all business interactions are based on a foundation of integrity, honesty and impartiality.

SOA Competency Framework - External Forces and Industry Knowledge Identifying and incorporating the implications of economic, social, regulatory, geo-political and business changes into the design and delivery of actuarial solutions.

SOA Competency Framework

- Leadership Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal.

SOA Competency Framework

- Relationship Management and Interpersonal Collaboration Creating mutually beneficial relationships and work processes toward a common goal.

SOA Competency Framework

- Technical Skill and Analytical Problem Solving Applying the actuarial knowledge, skills and judgment required to provide value-added.

SOA Competency Framework

- Strategic Insight and Integration Anticipating trends and strategically aligning actuarial practice with broader organizational business goals.

SOA Competency Framework

- Result-Oriented Solutions Providing effective problem solving that addresses relevant interests and needs