What are actuary development programs?

Actuary Development Programs are structured training initiatives offered by employers—often insurance companies or consulting firms—to help early-career actuaries gain professional experience and pass actuarial exams. These programs typically provide job rotations, mentorship, exam support, and opportunities to work on real-world projects. The goal is to develop well-rounded actuaries who have both technical skills and business acumen. Participants usually receive study time, financial assistance for exam fees, and guidance from experienced actuaries. Completing an actuary development program can accelerate career progression and help participants achieve professional actuarial credentials.