Academia plays a crucial role in advancing actuarial science by conducting research, developing new methodologies and educating future actuaries. It fosters innovation, ensures the profession’s adaptability to evolving risks and maintains high ethical standards, contributing significantly to the profession’s credibility. It comprises professors, lecturers and graduate students devoted to teaching and research in actuarial and financial mathematics, finance, probability, data science and statistics. 

Actuaries in academia illuminate the path forward, shaping the future of risk management through research and education.

Actuaries in academia primarily work within universities and educational institutions. They play a pivotal role in shaping the future of the profession, fostering innovation and ensuring a well-prepared and ethically responsible actuarial workforce by:

  • Delving deep into complex mathematical and statistical models, conducting research on emerging risks, developing new methodologies for risk assessment and exploring innovative ways to address financial challenges.
  • Educating the next generation of actuaries; actuarial programs rely on these professionals to impart their expertise through lectures, coursework and mentorship.
  • Collaborating with industry practitioners and organizations. This collaboration helps bridge the gap between theory and practice, ensuring academic research aligns with real-world challenges and needs.

Through its University Accreditation Program (UAP) and the Academic Research Committee, the CIA has strengthened the partnerships between the Canadian actuarial profession and academia.

Curious about how you can contribute to actuarial research and teaching in Canada?

The actuarial career path isn’t all about risk – it comes with a variety of rewards, too. From the opportunity to conduct groundbreaking research and nurture the next generation of actuarial talent, academic actuarial careers are multi-faceted and intriguing.