Aligning Assessment for Aspiring Actuaries

Presentation Date: 

Tuesday, July 25, 2023

Location: 

Victoria Falls, Zimbabwe

Presentation Slides: 

In a day of your life as an actuarial practitioner or researcher, how much time do you spend answering closed-ended questions with one correct answer? If, as I suspect, the answer is very little or none at all, why do many actuarial educational and credentialing programs weigh these skills so heavily? There should be space for creativity and nuance in actuarial education, just as there is in actuarial work and research. We should be looking for students with strong professional and ethical values as well as technical skills. And there must be alignment between the skills future actuaries will need, what is taught in educational programs, and how actuarial students are assessed in their classes. Some encouraging progress has been made in many actuarial organizations, and it can go farther still. In this talk I will discuss several concrete ways, both large and small, that educators can teach and assess their students in more authentic ways, so that we develop the next generation of thoughtful, professional, ethical actuaries who will continue to advance the profession.