I have to admit that I am wondering why on earth would we need such a
thing? Is our ego sooooo fragile that we can't take the snubbing from
other actuarial organization?
In Bermuda, for example, (not that the committee would know, since they're
all in the Good Old America!) we have actuaries from the USA, Canada, UK,
Australia and France working together. Do we need mutual recognition? Of
course not!
Being a "qualified" actuary is exactly that, being qualified. Qualified to
do the job right. At this present time, I am looking at hiring a British
actuary, do you think I take that he is not an FCAS?
At the end of the day, it will be up to the employer to determine whether
you have the right qualifications for the job. Specific initials after
your name won't do the trick.
To add insult to injury, Mary Frances Miller states that it will be only
for English-speaking exam-giving organizations. Any reasons for this? Is
it an Anglo-centric thing or is it because nobody on your committee speaks
an other language? This needs clarification. For your information, the
Institute of Actuary will recognize other European designations as long as
they write a specific exam (at least it's true for a French Actuary).
At the end of the day, I think we should scrap the concept. There are many
actuaries working successfully around the world that are doing just fine
without an English-speaking exam-giving designation.
Andre Perez (FCAS/FCIA!!!)
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