The role of the actuary in financial literacy

Explore the critical role actuaries play in improving financial literacy and expanding insurance penetration. This session highlights findings from global and regional surveys on financial knowledge, behaviors, and attitudes, focusing on risk management—the most overlooked aspect of financial literacy. Learn why concepts like time value of money, interest, and inflation matter for insurance decisions, and discover strategies actuaries can use to educate communities, leverage gamification, and design culturally relevant case studies to drive awareness and trust.