Back to the Future - Horizon Scan 2035 

Thinking about the long-term future of the profession

Horizon2035 (H35) is a long-term scanning process designed to prepare the Institute and the profession for the change and opportunities of the future.

A proven approach

H35 follows Vision2020, a similar planning exercise conducted in 2006 that also mapped out a 15-year view on the future of the profession. The extensive consultation process included members , key external stakeholder groups and our accredited Universities. 

The essence of the report

Completed against the backdrop of COVID-19, the key mega-trends identified include the continuing revolution in technology and data, the ongoing battle to slow climate change and shifting geopolitics.

Challenges to the profession include a series of interconnected trends which might affect employment– industry consolidation, offshoring, a smaller pipeline of young actuaries and competition from other professional bodies. 

A key question was how the profession will deal with the opportunities and challenges in data science. The report highlights that actuaries’ long-honed skills and training in the art and science of gathering and analysing data are a good fit for this mega-industry. Perhaps most importantly, actuaries’ professional training and support gives us an ethical focus, skills in the practical application of data insights and an ability to see the bigger picture. All indicating to strong contributions for the data revolution.

Members shared a similar perspective on the opportunity to broaden roles and expand the businesses, industries, fields and innovation areas where actuaries work, lead and advise.

Click here to read Back to the Future – Horizon Scan 2035.

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“The H35 report supports what many actuaries already believe – it’s the age of data – and it’s our time. The world we face today is full of ever-more complex and interconnected risks. And no-one has more proven experience than actuaries when it comes to helping communities and businesses manage those risks.

We draw on decades of learning, relevant skill sets, a tradition of social service and a unique community spirit that enables us to rise to the challenges of today and to meet yet-unseen challenges over the horizon.

We know that our profession can realise a future full of possibilities for its members - and make the world a better place by doing so."

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The article explores what brand actuary will look like in 2035 and the career support members are looking for from the Institute.

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This article looks at how members perceive the future of the profession and what truly matters.