What's the Harm in That?
Characters:
Erin: Junior Actuary – Has been qualified for 3 years and has recently moved roles into Vanessa’s team to get more experience. She’s keen to learn and take on more responsibility.Vanessa: Senior Actuary/ Head of Department – A good boss, encourages younger staff members and wants them to progress within the firm. She’s personable and likeable.
Hari: Junior Actuary – A talented young actuary, working in new fields such as Artificial Intelligence (AI). Slightly over-confident and prone to cut corners to get things done.
Louise: Chair of the Transaction Approval Board for a large insurer.
Synopsis:
Erin, a qualified junior actuary, is due to attend a board meeting with her boss Vanessa, who is presenting a report in which Erin created the charts and tables but had no further input. Vanessa has suggested Erin attends the board meeting to show the interaction as she’s a recent addition to the team. The report requires board sign-off to approve funding for a transaction – if it’s not approved at the meeting the entire transaction would be at risk. Vanessa calls to let Erin know that she has a family emergency and can’t attend the board meeting. Vanessa is outdoors and the telephone line breaks up as she’s suggesting the next steps to Erin – Erin is left not knowing what to do.
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Discussion points:
- What areas of the Actuaries’ Code (the Code) should Erin be mindful of?
- How could Erin have been clearer in their responses to the board when they were asked about presenting?
- The timelines for the project appeared very short – what could have been done to mitigate that?
- How could Erin have responded to Hari’s comments?