Characters:

Tina - Experienced Actuary, Manager of Underwriting Department
Peter - Experienced Actuary and Manager of Pricing Department
Francesca - Senior Manager

Synopsis:

Tina and Peter are both experienced actuaries and middle managers in their respective departments of underwriting and pricing in a life company. They are seen discussing how the world has changed so much in the last few years with the introduction of new professional and technical standards as well as their employer’s own policies, standards, sign-off processes and procedures. Later that day, a challenge arises over who can authorise an urgent deal quotation for 'Tobacco4U' in the absence of the Senior Manager who is attending a senior manager's conference and is apparently not contactable.

Discussion points

• Do you agree with Peter’s approach in this situation?

• What alternative approaches might Peter have adopted?

• Does Tina have any responsibilities here?

• What does being a member of a regulated profession mean to:

1. you?

2. your employer?

3. your clients?

4. the public?

Your feedback on this video would be much appreciated and would be helpful for future content development