News
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Does Dilnot mean an end to care-funding uncertainty?
Sue Elliott, a leading health and care actuary and chair of the Actuarial Profession’s Health and Care committee said: “The good news is that the Commission has recommended a cap on the amount people will have to personally contribute to their care. If ... read more >>
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Actuarial Profession supports accelerating reforms to move to a single tier state pension and cautions against a single formula approach to changing state pension age
Commenting on the Institute and Faculty’s response, Ronnie Bowie, Immediate Past President, said: “We have argued for some time that a state pension scheme that is fair, simple and transparent should make it easier for people to make informed decisions ... read more >>
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Institute and Faculty of Actuaries President’s Award winners
The President’s Award is given to members of the Profession who have, in the opinion of the President, made a particular and special contribution to the Institute and Faculty of Actuaries. The recipients this year were: · Sally ... read more >>
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Jane Curtis becomes President of the Institute and Faculty of Actuaries
Jane said: “Ronnie will be a hard act to follow. His contributions to our strategic review, the promotion of the CERA qualification and our new public affairs strategy are a just a few examples of where he has made his mark. We also owe thanks to ... read more >>
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New report: motoring personal injury claims continue to rise
An exclusive report by the Institute and Faculty of Actuaries’ Third Party Working Party, examining motor insurance data in 2010, has shown that despite a reduction in the total road usage and a continuing reduction in the number of overall accidents per ... read more >>
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Sciences of complexity and complex adaptive systems are key to understanding risk
The research, carried out for the Actuarial Profession by Neil Cantle of Milliman and Neil Allan of the University of Bath, focussed on two key problems in risk management; the setting of risk appetite with a consistent set of risk limits, and the timely ... read more >>
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Sustaining the university research communities
The Actuarial Profession is seeking to support university communities through three routes: by part-funding some PhD studentships in the UK; by funding academics to attend conferences and other events by welcoming applications to help pump prime ... read more >>
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CMI announces earlier release date for CMI Mortality Projections Model
CMI_2011 is now expected to be released in September (rather than November) unless adverse feedback is received to the proposal which is set out in Working Paper 54. ... read more >>
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CMI publishes Working paper 53
Working paper 53 presents a high level analysis of the mortality improvements experienced within the SAPS dataset over the period 2001 to 2009. Further information is available here. ... read more >>
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Jane Curtis congratulates successful students
April 2011 saw 11,589 examination entries for the Institute and Faculty of Actuaries’ rigorous and challenging examinations. The exams took place in a total of 138 examination centres world-wide, and 4791 entries took place outside the UK. ... read more >>
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Public consultation meeting to discuss Exposure Drafts of Actuarial Profession Standards for life assurance actuaries
Members are encourage to attend this consultation meeting for which they are entitled to claim up to one hour of CPD. Please remember to sign the attendance sheet to verify attendance and to record attendance in your on-line CPD record. On 10 June ... read more >>
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Change of policy for booking places on the practical exams
The aim of the fixed booking periods was to provide those students who failed a practical exam with a waiting time no greater than that of a session based exam i.e. 6 months from initial booking, receipt of result and re-sit available. The fixed booking ... read more >>
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Call for proposals for research project on the effects of 'limits to growth'
The Actuarial Profession is inviting research proposals on the topic of the effects of 'limits to growth' on financial markets and consequential impacts on actuarial advice. Applications are invited by 12 August 2011. ... read more >>
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CMI Working paper 52
Separate sets of rates are included in the paper for males and females and for non-smokers and smokers for ages 30 to 60. In each case, rates have been derived for those causes of claim with at least 200 settled claims during a period. Download the paper ... read more >>
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Unravelling the complexity of risk: New research from the Actuarial Profession
The discussion was part of the Actuarial Profession’s enterprise risk management symposium which took place in London on 9 May, 2011. It covered the preliminary findings of research Mr Cantle is currently undertaking with the University of Bath and the ... read more >>
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Longevity Bulletin - First edition launched
The Actuarial Profession has launched Longevity Bulletin, a six-monthly overview of research into longevity trends. The first issue focuses on international forecasts of future longevity. ... read more >>
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EDs 27 and 28: Consultation meeting at Staple Inn, Wednesday 22 June
Background to the consultationThe Actuarial Profession has issued for consultation Exposure Draft 27 of APS L1: Duties and responsibilities of life assurance actuaries (ED 27) and Exposure Draft 28 of APS L2: The Financial Services and Markets Act 2000 ... read more >>
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Actuarial Profession launches Longevity Bulletin
They are: 1) Uncertainty about the future range of longevity: Most countries use a range of projections to illustrate this. Each variant projection is calculated using a different set of assumptions. The study examines the assumptions in ... read more >>
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Exposure Draft 26 of APS G3: General insurance work outside the geographic scope of the TASs
ED 26 can be accessed hereThe accompanying communication to members can be found here ... read more >>
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FTSE data
The gilts and equities information service is not available at present on the Profession's website. The ft.com/marketsdata archive offers Financial Times reports of indices to select by date and download. ... read more >>