New president for Actuaries Institute

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The Actuaries Institute has appointed its new president as actuarial consulting and analytics firm Taylor Fry director Daniel Smith.

Smith is already a member of the Institute Council, and takes over from John Newman.

As well, former Actuary of the Year Estelle Pearson was appointed senior vice president, and Lindsay Smartt as vice president.

Pearson is a current councillor with the institute and managing director of actuarial and insurance consultants Finity. She has already been designated the institute’s president for 2015.

The Institute also confirmed the appointment of Lindsay Smartt, current Member of the Council of the Actuaries Institute as vice president.

Smith, Pearson and Smartt will work with incoming institute CEO David Bell to promote the institute’s key policy priorities for this year, reinforce the actuarial brand and educate businesses and government around the long-term value actuaries can add across a broad range of challenges.

“Actuarial education and training provides a unique mix of skills which places actuaries in a strong position to become the risk managers of choice for business, governments and society as a whole,” said Smith.

“As well as maintaining a strong representation in traditional areas such as insurance, actuaries are increasingly shifting into non-traditional areas such as banking, data analytics, media strategy, natural resources and public health.

“These will be key areas we address in 2014 supported by refreshed education and development programmes.”

The institute’s policy agenda spans the insurance and superannuation sectors but also demographic change and retirement incomes policy, natural disaster management, health and disability, data analytics, banking and risk management.

“The institute’s key policy priorities for 2014 include ensuring the profession’s voice is heard on the critical issues being considered by the Financial Services Inquiry, offering practical solutions to better manage the social and economic impacts of natural disasters and health funding, as well as continuing to help navigate Australia’s longevity debate,” Smith said.  

As the sole professional body for actuaries in Australia, the Actuaries Institute represents the interests of its members to Government, the business community and the general public. 

Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.

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