Learning Outcomes:
To be able to differentiate between a narrative and an analysis
To create a narrative useful for a professional actuary, including the relevant stakeholders and external environment
To be able to judge the quality of a narrative, including being able to engage a problem at a narrative rather than just an analytical level
To be able to differentiate character
To be able to assess ethical dilemmas
To know when an actuary needs to blow the whistle and how best to do so.
-To become familiar with the main areas in which an actuary is likely to face ethical dilemmas and the types of actions that would be expected on them in each case.
Indicative Module Content:
The main components to this module are:
- The principle of “Know Yourself”,
- The concept of the narrative (narratives either dominate and limit analyses or they facilitate and empower them – understanding narratives is essential to apply analyses in the real world in a powerful manner),
- Understanding character,
- Resolving ethical dilemmas, including the typical dilemmas faced by actuaries
- Whistleblowing,
- The concept of risk is covered in a manner to aid how risk analytics covered in other modules can be used in more powerful ways,
- Leadership, politics, and rhetoric.