13 June 2024
The Institute and Faculty of Actuaries (IFoA) is delighted to announce a partnership with the EY Foundation on an initiative aimed at transforming the futures of young people and widening access to the actuarial profession. ‘Actuaries: Data Driven Futures’ is designed to open doors to the profession, showcasing the wealth of opportunities it offers and providing invaluable insights into the skills required to succeed.
Over two weeks, 23 young people will engage with some of the industry's leading employers including APR, Legal & General, Isio, Just Group plc, and Barnett Waddingham amongst others. Through dynamic workshops, they will gain hands-on experience and practical knowledge that goes beyond the classroom.
Kalpana Shah, IFoA President, said: “The actuarial profession is a vibrant community and as well as supporting our current members, it is important to promote the profession more widely and create opportunities for the actuaries of the future. I look forward to meeting these young people and working with employers to continue to bring in new talent from an engaged and diverse pool.”
Lynne Peabody, EY Foundation Chief Executive Officer, said: ‘It’s great to be working with the Institute and Faculty of Actuaries to deliver our first Data Driven Futures programme over the coming months, to make a positive impact on young people and the field of actuarial sciences. Through employability training, paid work experience, and mentor support, this relationship will help ensure young people from low-income backgrounds are supported to access opportunities and succeed in the actuarial sector.’
This initiative is not just about learning—it's about empowerment. By building their networks and connecting with professionals, these young people will be better equipped to pursue a career as an actuary.
Ben Kemp, IFoA Chief Executive Officer (Interim), said: “We believe that talent is everywhere, but opportunities are not. ‘Actuaries: Data Driven Futures’ aims to bridge this gap, ensuring that more young people, regardless of their background, can envisage and achieve a future in the actuarial profession.”