THINKING AND BEHAVIOUR abstractIn a world of transition for all our disciplines, actuaries can get and keep ahead of the changes by, first, getting our thinking right. Right behaviour and actions will follow. We will think about the needs of our employers and clients and present our findings more in the business context; we will look through their needs to the needs and interests of their employees and customers. We will grasp financial economics and learn banking thinking. The profession will raise issues of public interest and inform the debate.
Part I. Objectives1 Transition 1.1 We live in troubled times. I do not intend to dwell on them. We are learning our lessons, as are many of our colleagues in other professions and disciplines. The process of learning will continue, as will accepting new realities and adjusting our thinking to demonstrate how we add value in the new environment. We will also contribute proactively to the development of the new environment. My objective, in my Presidential term, is to lead the profession through the transition. Judging by recent experience, the state of transition may itself be permanent.