New president highlights importance of actuarial skills
The Institute of Actuaries of Australia has announced the appointment of its new president, Trevor Thompson, who comes on board during a demanding and increasingly important time for the actuarial profession globally.
In his 2009 presidential address, Thompson called for actuaries to have a greater role in overhauling risk management practices across the global community.
"As business and political leaders develop responses to the collapse of the global financial system, the actuarial profession is well placed to develop solutions to more effectively assess and mitigate risks.
"We expect to announce a number of initiatives in 2009 that seek to ensure actuarial views are considered in the global response and that the profession is equipped to confront the challenges ahead," Thompson said.
Thompson's experience in the Australian and UK superannuation, insurance and investment sectors spans 25 years, while he also has extensive commercial experience.
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