What is IIA upto??
Even till date we have very few actuaries in India, and what do we see next ?
IIA is stopping students to become actuaries.
It becomes important from students' side to take a step and tell the Institute to be lenient in checking papers.
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The reason behind IAI's none lenient behavior towards passing is the actuarial job market in india.There r very less job openings in india in this field that too mainly in insurance sector.IAI may have reduced the membership criteria ( from 90% in 12th in M & s to 75%) but they have tighten the passing at the same time.this will give less actuarial outflow in job market.Contradict to this ,UK's exams are much easier to clear because the need of actuaries at there is always at its peak. They not only employ actuaries in insurance but also in banking ( in india the lobby of CA & CFA dominate this sector).
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