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Actualite Issue 1 2014

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Actuary, It’s Fiction<br />

Is it a myth? Or is it a legend? We investigate the elusiveness of the actuarial profession...<br />

SOMETIMES, I SEE ACTUARIAL STUDIES to be like<br />

swimming in deep water. Most people are content<br />

with just floating on the surface and aren’t<br />

bothered to go any deeper – at least not without the<br />

right gear and motivation. Only the divers – actuaries<br />

– would take the trip to the dark depths. One of these<br />

divers would emerge and say “Hey, there’s a Munnopis<br />

Isopod down there.” The people on the surface then<br />

reply “Ok, well there’s a Munnopis Isopod down there,<br />

but I don’t know what that really is, and since I don’t<br />

want to go down there I’ll just accept that Munnopis<br />

Isopods exists.”<br />

At least, that’s how I see the wider world viewing<br />

Actuarial Studies, and it’s left me wondering – why<br />

aren’t actuaries as well known as other careers?<br />

I decided to look into my own history where I first<br />

heard about these “actuaries”. It was during primary<br />

school, when “scoubidous” were cool, MSN users still<br />

existed, and Miley Cyrus’ dance numbers were twerkfree.<br />

Here, I will digress to fellow readers that my<br />

favourite TV show at that time was Kim Possible. Now<br />

Kim had a friend called Ron Stoppable, and his father<br />

-Mr. Stoppable- was an actuary. However simplified<br />

his profession had been, I watched Mr. Stoppable battle<br />

the green-spandex wearing villain, “The Mathter” in a<br />

chamber where mathematical equations could be laserprojected<br />

from the head. I was left fascinated with maths<br />

being used in such a way to calculate the probability of<br />

certain events occurring.<br />

So, that was how I found out about actuaries. Now that I<br />

think about it, how did I know about other occupations,<br />

like lawyers? I read To Kill a Mockingbird. And how<br />

about crime investigators? NCIS. Home furnishers?<br />

Better Homes and Gardens.<br />

Fiction. That is the sole factor to the actuary existential<br />

crisis.<br />

How can anyone know about actuaries if they are a<br />

diminutive part of the macrocosmic fictional world?<br />

Determined to find that such a species existed, I did<br />

some rigorous research with my all-reliable source,<br />

Wikipedia. What came up? A scant 1400-word article.<br />

As a further disappointment, actuaries were referred<br />

to as an “insurance investigator” or “risk-assessment<br />

expert”, as if the word “Actuary” was avoided like the<br />

proverbial plague.<br />

ACTUALITE <strong>Issue</strong> 1 | Page 13

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