Actuaries can play a huge role in solving our economic woes
Abstract
Many governments in developed countries have embraced actuaries' skill sets in solving complex economic systems, such as fuel and dollar problems experienced in Kenya today. The Government Actuary Department (GAD) within the Treasury in the United Kingdom is responsible for advising the State on complex global financial and economic decisions. GAD exemplifies the effectiveness of integrating actuarial expertise into government planning and operations. As a central hub for actuarial advice, GAD has been instrumental in navigating the UK government through diverse financial landscapes. The success of GAD in improving the UK's public sector planning, including economic, pension reforms, and financial strategies, is an inspiring best-practice model for other nations, such as Kenya, with many competing dynamics.