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Actuarial Profession appoints Public Affairs Director
9 March 2012
Paul has extensive experience in corporate communications within a range of complex environments and cultures.
New society to give boost to Northern Ireland’s actuaries
7 February 2012
The society is aimed at actuaries Northern Ireland and further afield including students training to become actuaries on the Queen's university management school's Actuarial Science and Risk Management degree.
Improved mortality rates lead to 20,000 fewer deaths in 2011
3 February 2012
Put simply, this means that there have been 20,000 fewer deaths last year than would have been expected if the mortality rate hadn’t seen this improvement. The 4% improvement marks an upturn of the average rate of improvement of 2.4% over the 10 years to 2010.
Gordon Sharp of the Actuarial Profession said:
The need for better statistics in our schools and colleges
19 January 2012
The report by education specialist, Roger Porkess, focuses on the ways statistics is taught and learnt in schools and colleges in England, with some evidence drawn from Wales and Northern Ireland.
The aim of the report, and the underlying research, is to provide an evidence base for the further development of the statistics provision in our schools and colleges.
Much teaching of statistics takes place within the mathematics part of the curriculum, but it also is highly relevant to other subject areas. The report finds that:
More clarity and data would help the development of the long term care market
5 December 2011
In its submission, the Institute and Faculty of Actuaries highlights a range of existing barriers to the development of financial products to address long term care needs. These include a lack of certainty and consistency of treatment towards public and personal provision of long term care and the complexities of means testing and care assessments.
Actuarial Profession appoints General Counsel
29 November 2011
Dual qualified in England and Scotland, Mr Kemp has extensive experience in advising regulatory and professional bodies across a wide range of sectors. He is an experienced advocate, having appeared regularly before disciplinary tribunals of regulatory bodies, including those of the Institute and Faculty of Actuaries, the Health Professions Council and the General Teaching Council for England.
Why life expectancy figures don’t always tell the whole story
22 November 2011
This is one of the key messages from Issue 02 of the Institute and Faculty of Actuaries’ Longevity Bulletin, published today.
Actuarial Profession Appoints Chief Executive
17 November 2011
Mr Cribb is a Chartered Accountant and he has broad experience, having carried out a range of strategy, operations, and financial roles. He has worked in a wide variety of businesses in the commercial and not for profit sectors, including professional and financial services and outsourcing. His previous positions have included Interim Chief Operating Officer of the Pension Protection Fund, Interim Finance and Operations Director of Navigant Consulting Inc and Chief Financial Officer, UK Customers and Products of Barclays plc.
New research shows wide regional variations in bodily injury claims, with North-West England the top hot spot
20 October 2011
The research shows that these claims hotspot areas match areas with the highest concentration and activity of claims management companies. In general, more claims management companies means more personal injury claims.
Actuarial Profession publishes new framework for use of discount rates in actuarial work
23 September 2011
In particular they are central to the calculation of some of the key numbers in pensions and insurance today, affecting millions of people, including the calculation of
- Reserves in company accounts for pensions and insurance liabilities
- Pension scheme deficits and contributions to be paid in to pension schemes
- Solvency reserves for insurance companies
- Pension scheme transfer values and insurance policy surrender values