Actuarial science advisory boards: A survey of current and best practices

Abstract

This research uses a survey mechanism to query actuarial science programs as to the usage of industry advisory boards at such programs in the U.S. The study’s methodology employs a questionnaire to examine the formation, governance, and utilization of such entities. The data collected identify the most widespread purposes and composition of industry advisory boards. The highest rated outputs of board members, in order, are addressing curriculum issues, guest speaker suggestions, and interactions with students via mock interviews and student presentations. A comparison of results to a similar survey of advisory boards at risk management and insurance programs is conducted as well.

Keywords:

• Actuarial science
• advisory boards
• education
• survey