The list of actuaries has more than doubled from 46 at the beginning of 2007 to 105 at the end of the year. This may remind you of the joke current in Britain in the 1980s, when considering the number of new university graduates becoming accountants, which said that if the profession carried on growing at its current rate by the year 2025 every man, woman and child in the country would be an accountant!
But of course, as every new actuary can tell you, past trends do not necessarily predict the future, and it would be wrong to extrapolate the rate of increase in 2007 into future years.
The new rules for becoming an actuary, effective early 2008, give actuarial status to all those already on the actuarial list, but require new prospective actuaries to pass a range of actuarial exams. In the past, actuaries working for the government (whether in the Treasury, the auditing commission or any other department) were not included in the list of actuaries. They could apply to be on the list only when they left public employment and transferred to the private sector. This practice was changed in 2007, and a large number of the new actuaries who qualified during Spring and Summer 2007 are people with many years of experience in public service.
In addition, Bahçeşehir University, which opened a high-standard masters program in 2005, saw a number of the program's graduates successfully receive their actuarial qualification.
Congratulations to the following new actuaries:
Hülya Çatpınar BALCI
Yavuz Eren ATAMAN