Last week SKL Director, Jas Singh attended Singapore Actuarial Society General Insurance Conference. The theme of the conference was “Disrupt or be Disrupted”. As you can guess by the theme data analytics, automation was a popular topic of discussion and in some sessions business and working culture of Start-up companies was discussed by actuaries working in these exciting organisations. The conference dinner was held at the S.E.A Aquarium (Sentosa).
The actuarial profession is in for exciting times if it continues to evolve with rapid enhancement in technology and successfully works to incorporate data analytics within it expertise. The Actuary of the future will have to show high level of adaptability, grit, be fast learner of technology and will need to continuously work with the opportunities that will be presented by rapid advancement of technology.
The session about the working culture of startup company was interesting. Key elements of the culture in a start-up are:
(1) Informal working style
(2) Open flow of information and lots of discussions
(3) Fast moving
(4) Lots of targeted meetings
(5) Intellectual rigour and strong emphasis on constant learning
(6) Lots of travelling at short notice