MSV Life employee Stephanie Mallia (pictured) has completed a Diploma in Actuarial Techniques. Mallia is one of seven team members forming MSV Life’s Actuarial Department and is currently studying to become a fully qualified actuary while working full time in the life insurer’s specialised team. She joined the team three-and-a-half years ago.

“These last few years were a huge learning curve,” she says.

“I studied BSc Maths and Statistics at the University but at the time I had no idea what an actuary was. I first heard of the job when I was in my fourth year starting my thesis. At once, I knew it was a challenging job. MSV Life offered to sponsor my studies.”

To become a qualified ­actuary, one has to follow a 15-exam actuarial course, lasting six to seven years. The Diploma in Actuarial Techniques is awarded when one has finished the first nine – or core technical – subjects.

MSV Life chief actuary Clayton Balkind said: “Throughout the years, Stephanie has shown consistency, perseverance and determination to qualify in this highly technical job. An actuary’s job is to help a life insurer. Actuaries are the analytical backbone of financial organisations like ours. When analysing and assessing risk and making financial forecasts, they depend on tested financial theory, mathematics and sta­tistics rather than guesswork. This helps them guide the company to set longer-term strategies that will benefit both shareholders and policyholders.”

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.