ACTUARIES AND THE GREAT BARGAIN door Dirk Jonker I f you think your job is safe, read the book “The future of the Professions” by Daniel Susskind and think again. In spite of a long tradition, high professional standards and a registered title in the Netherlands (AAG) even an actuary has to reinvent his job as artificial intelligence and huge computing power is beating him at his traditional core competences. The real strength of an actuary is to translate future ambiguity into (financial) impact of today. The sustainability of the profession lies in discovering new application areas, way broader than the current domain. About a third of the actuaries[1] acknowledge this, but does the guardian of their registered title, het Koninklijk Actuarieel Genootschap (association), support this way forward as well? Since 1888, the association has authority on actuarial matters, in exchange for continuously developing the actuarial function to the evolving requirements. This great bargain has made the association complacent and inside focused, contributing with just incremental improvements. Companies and institutions weigh-in and protect the exclusive empire that was built. These AG_BLOGS _2015_2016
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