Mentors for appointed actuaries (AA) of insurancecompanies could lead to more younger professionals entering the industry. Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Actuaries who are fellow members of the Institute of Actuaries of India (but do not qualify with the relevant experience and / or other requirements), subject to appointment of experienced Actuary as mentor.
The regulator said that the mentor should guide these Appointed Actuaries on day-to-day basis. R M Vishakha, MD & CEO, IndiaFirst Life Insurance said that having mentors would motivate more youngsters to enter the industry and also gain relevant practical experience.
