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- Social inequalities and poor health impact on working life expectancy
- A report by Professor Les Mayhew, of the Cass Business School, and presented to a joint meeting of the Actuarial Profession and the International Longevity Centre UK, argues that despite an acceptance that increasing life expectancy will mean people working longer, inequality and poor health will have a serious and detrimental effect on people’s ability to work.
- 19 Feb 2010
- Institute of Actuaries chooses new president-elect
- Jane Curtis was elected president-elect of the Institute of Actuaries on Monday 15 February 2010.
Jane, a fellow of the Institute of Actuaries since 1987, is a managing principal with Hewitt, the company she has been with for her entire professional career
- 17 Feb 2010
- New asbestos report released
- The Actuarial Profession’s UK Asbestos Working Party has updated its estimate of the future cost of UK asbestos-related claims to the insurance industry. This follows its research which identified that the proportion of people suffering from mesothelioma that subsequently make a claim for compensation has almost doubled between 2004 and 2008.
- 26 Jan 2010
- Principles of enterprise risk management of crucial importance to financial service providers
- As we enter the post global financial crisis landscape, the principles of enterprise risk management will play an ever more important role in identifying and protecting against risk in financial services industries.
This is the message of a timely report, ERM for insurance companies - adding the investor's point of view, which will be presented to a sessional meeting of the Institute of Actuaries on Monday 25 January.
- 22 Jan 2010
- Understanding of systemic risk vital to avoiding future financial crises
- As experts across the world continue to study and attempt to identify the root causes of the global financial crisis, Cass Business School has presented the findings of its research into the nature and causes of systemic risk in financial services.
- 8 Dec 2009
- Scotland’s leaders have much to learn from our history, says leading mathematician
- At the Faculty of Actuaries’ biennial lecture of in Edinburgh on 23 November, Sir Michael Atiyah, one of the world’s foremost mathematicians, called on Scotland’s leaders and people to remember the lessons of the Scottish Enlightenment.
- 25 Nov 2009
- Hyderabad Treaty lauches new risk management credential globally
- The Actuarial Profession has announced the launch of a global risk management designation, the Chartered Enterprise Risk Actuary (CERA), to address the urgent need for highly-qualified risk professionals globally, especially in the financial sector. The launch was marked by Ronnie Bowie, President of the Faculty of Actuaries, and Nigel Masters, President of the Institute of Actuaries, signing a multilateral treaty in Hyderabad, India, during meetings of the International Actuarial Association (IAA). The treaty was signed by 14 IAA member associations based in 12 countries around the world, including many of the major world economies.
- 19 Nov 2009
- Lessons from the Scottish Enlightenment still resonant today
- Sir Michael Atiyah, widely recognised as one of his generation’s most influential and accomplished mathematicians, will deliver the annual Faculty of Actuaries Lecture on Monday 23 November 2009. The theme of his lecture will be the Scottish Enlightenment.
- 19 Nov 2009
- Implications of an ageing population need to be understood
- The rapid growth of the oldest-old population and questions surrounding the ability of this group to lead lives free from disability has serious implications for the planning and delivery of future health care and social services. This is the argument Professor Kaare Christensen will be presenting to an international conference on mortality and longevity in Edinburgh, 21-22 October 2009 hosted by the UK Actuarial Profession.
- 19 Oct 2009
- European actuaries make proposals for Solvency II professional standards
- The actuarial profession in the EU – the Groupe Consultatif Actuariel Européen (‘the Groupe’) – is committed to working in the public interest. It believes that it can play a major role in preparing and implementing high quality professional standards for Solvency II, in order to ensure greater protection for policyholders, without inhibiting innovation and market development.
- 14 Oct 2009