This is a question that we get asked a lot. And the answer might surprise you.
According to the latest statistics, there are just over 1,000 actuaries in South Africa.
This is a relatively small number when you consider that there are more than 5,000 actuaries in the United Kingdom and over 8,000 in the United States.
What does the small number of actuaries mean for the actuarial profession in South Africa?
It means that there is a lot of opportunity for growth.
The actuarial profession is one that is constantly evolving. New products and new ways of managing risk mean that actuaries need to be at the forefront of change.
And in South Africa, there is a real need for actuarial services.
Why you should consider a career in actuarial science in South Africa?
The South African economy is risky. The country has a high level of unemployment and numerous people who are reliant on social grants.
This means that there is a real need for actuarial services to help quantify and manage risk.
And there are many opportunities for actuaries to make a difference.
There are several actuarial associations and institutes in South Africa that are working to promote the profession and provide education and training.
And there are several initiatives that are being implemented to encourage more people to become actuaries.
So if you’re looking for an exciting and challenging career, then actuarial science might be the best thing for you.
