Second world first for actuarial science

AFTER many months of negotiations and working together with Terri Grant of the Professional Communications Unit (PCU), UCT has become the first university in the world to be given accreditation for the Professional Communication exam that culminates the lengthy actuarial qualification process.

Last year UCT became the first university outside the United Kingdom, and the second in the world, to gain permission from the Institute of Actuaries (London) and the Faculty of Actuaries (Edinburgh) to offer exemption courses to students attempting the profession's final exams. The subjects were life assurance, general insurance and pensions. Dr Garrett Slattery, Postgraduate Course Co-ordinator in the School of Actuarial Science, was largely responsible for the coup.

"As things stand at the moment, UCT offers more exemptions from the professional exams than any other university in the world, and it will be some time, I am sure, before any other universities catch up with us," noted colleague Dr Shannon Kendal, a lecturer in the School of Actuarial Science.

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