Actuaries Seek Minority Candidates to Reflect Changing America

Paving a path for minority actuaries needs to start as early as elementary school to tackle long-standing racial disparities within the industry.

Actuaries, who help companies assess and plan for financial risks, are overwhelmingly white. More than 60% of new entrants in 2020 were White and only 15% were Black, Hispanic, or American Indian, according to data from the Society of Actuaries. Recognizing the industry doesn’t adequately reflect changing U.S. demographics, actuarial associations and schools are offering new incentives to pursue the profession and targeting students before they hit college to recruit minority applicants.

“The pipeline really begins as early ...