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Cyber attacks remain active throughout the third quarter of 2019, with data breaches being the flavour of the quarter.
An outsider has gained unauthorised access to Captital One, a top 10 bank in the US, leading to a breach that potentially affects 100 million people in the US and another 6 million people in Canada. Similarly, approximately 4.9 million user accounts of DoorDash, the Palo Alto on-demand food delivery technology unicorn, were breached this quarter.
In this blog, IFoA Public Affairs Manager, Mike Williams, assesses the Queen’s speech and its relevance to the IFoA’s policy priorities.
The Risk Management Board would be grateful if you could spare five minutes to complete this short survey. This will help the Board drive forward engagement which is one of their key areas of focus over the next two years and offer significant member value to the IFoA Risk community. Complete the survey
In this blog, the IFoA’s Immediate Past President Jules Constantinou considers the importance of a preventative approach to health and care.
Upcoming Sessional Event: 18 November 2019 at 5pm, Staple Inn Hall (Holborn, London)
Author: Alex Labram
In our previous article “Statistics vs ML”, we introduced you to the model fitting framework used by machine learning practitioners. We discussed the train / validate / test split, selection of an appropriate accuracy metric, tuning of hyperparameters against the validation dataset, and scoring of the final best-of-breed model against the test dataset.
In this blog, Matthew Edwards, Chair of the Antibiotic Resistance Working Party, discusses the discovery of things unlooked for.
An introduction from John Taylor, President of the IFoA
Both the Royal Statistical Society (RSS) and the Institute and Faculty of Actuaries (IFoA) believe that the emergence of data science – the analysis of large, unstructured datasets often drawing on new kinds of data sources – is an important development.
In the eighth of our series on the work of the IFoA’s Practice Area Boards, Nick Reilly, outgoing Chair, and Chris Reynolds, incoming Chair of the IFoA’s Health and Care Practice Area Board, round up a busy year for the Board.
Other blogs in this series:
Your help is needed to steer research!
As general insurance actuaries, we rely on fresh thinking to take on ever evolving challenges. The practitioner community has mentioned several themes regularly in various forms. How should we continue (or start) tackling them together in the next few years?
Other actuary news
Added: Thu, 17/10/2019 - 14:18Nearly half of the global reinsurance market is now limiting services for the coal sector after AXIS Capital yesterday became the second US insurer to announce restrictions.
Added: Tue, 15/10/2019 - 12:00The UK, US and China are the most important countries in the world for growth in financial technology over the next two years, new research has suggested.
Added: Mon, 14/10/2019 - 14:20Provisions for collective defined contribution (CDC) pension schemes will be introduced in a Pension Schemes Bill over the next session of parliament, the Queen's Speech confirmed today.
Added: Fri, 11/10/2019 - 12:46The value of mergers and acquisitions (M&A) in the global insurance industry has plummeted over the last year, with new deals also failing to boost share prices.
Added: Thu, 10/10/2019 - 17:15There has been a staggering change in attitude towards the implementation of liability management at defined benefit (DB) pension schemes in the UK over recent years.
Added: Wed, 09/10/2019 - 16:56The governor of the Bank of England has urged major corporations to agree rules for climate risk reporting before mandatory regulations are forced on them.
Added: Tue, 08/10/2019 - 17:50More than two in five UK employers are concerned about the long-term impact that an ageing workforce will have on their business, new research has uncovered.
Added: Mon, 07/10/2019 - 15:15UK investment into green and ethical funds will have jumped by almost a quarter by the end of 2019 in comparison to last year, estimates by the EIRIS Foundation suggest.
Added: Fri, 04/10/2019 - 14:00Around six million home and motor insurance customers pay high prices and are not getting a good deal in the UK, the Financial Conduct Authority (FCA) has uncovered.
Added: Thu, 03/10/2019 - 14:43A group of female campaigners has this morning lost a High Court battle with the UK government over its controversial increase to the state pension age.