More and more, actuarial education and credentialing organizations are beginning to adopt a hands-on mode. This is because today’s market demands that new actuaries come prepared with practical experience and business know-how in order to confront the growing complexity and global interconnectedness of P&C risks, Stuart Klugman, FSA, CERA, PH.D., senior staff fellow, education, at the SOA, explains. Traditional training alone is no longer enough.

“We’re moving our candidates beyond the notion of just facts and being adept at a bunch of formulas,” Klugman says. “The advantage [of hands-on learning] is, you have a person who knows how to do something with those facts and formulas.” 

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