03-03-2005, 09:39 AM
I don't have a clear scope for actuaries in Pakistan. I have couple of arguments. I've known 2 actuaries (SOA qualified) who had been practising in Pakistan but always wanted to move abroad - for money and to get better exposure to quality work.
There aren't many firms who employ trainee actuaries so what's one probability for success?
However, I know couple of UK based consultancies who recently acquired services of their member firms in India to carry out Reserving exercise for few of their General Insurance clients - It's apparently a cheap way to get the same output. If this argument over-weighs the previous one then I think there is some hope for actuaries in Pakistan.
If you are sure that you want to specialise in GI then by all means go for CAS - I would rate CAS higher than GI from IOA. Exams for CAS may be harder and the material might somewhat be in more in-depth but it has the prestige in the GI sphere.
But if you are unsure whether GI is the place you want to end up in then why not go for IOA and specialise in anything. I think it would give you more flexibility abd IOA hassame repute as far as Pakistan is concerned. But if you have plans to go US in LT then consider one of the US qualification, CAS or SOA.
Please come back should you want more help.
DT
There aren't many firms who employ trainee actuaries so what's one probability for success?
However, I know couple of UK based consultancies who recently acquired services of their member firms in India to carry out Reserving exercise for few of their General Insurance clients - It's apparently a cheap way to get the same output. If this argument over-weighs the previous one then I think there is some hope for actuaries in Pakistan.
If you are sure that you want to specialise in GI then by all means go for CAS - I would rate CAS higher than GI from IOA. Exams for CAS may be harder and the material might somewhat be in more in-depth but it has the prestige in the GI sphere.
But if you are unsure whether GI is the place you want to end up in then why not go for IOA and specialise in anything. I think it would give you more flexibility abd IOA hassame repute as far as Pakistan is concerned. But if you have plans to go US in LT then consider one of the US qualification, CAS or SOA.
Please come back should you want more help.
DT
