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Smoking ban could impact critical illness cover
13 May 2010
Two UK actuaries today (13 May) share the latest research which shows a significant and sustained reduction in the incidence of medical conditions linked to smoking, such as heart attack and respiratory illnesses. They are speaking at the Actuarial Profession's Health and care conference, 12-14 May 2010, Celtic Manor in Newport, Wales.
Healthy men could get cheaper insurance
11 May 2010
At the Actuarial Profession’s Health and care conference, 12-14 May 2010, Celtic Manor, Newport, Wales, two actuaries will say that by taking account of risky behavior, costs could be tailored to reflect lifestyle choices.
Worshipful Company of Actuaries receives royal charter
27 April 2010
The presentation took place at a banquet in Mansion House on 26 April 2010 hosted by Sir John Stuttard, the Lord Mayor Locum Tenens, who was accompanied by Alderman and Sheriff David Wootton. It was attended not only by the Earl of Wessex, but also by masters of 34 other livery companies and 70 liverymen of the Company and their guests.
Adrian Waddingham, master of the Company said: “It is a great honour to receive this charter and it is an honour shared with each and every liveryman of the company.”
Social inequalities and poor health impact on working life expectancy
8 April 2010
The report, Increasing longevity and the economic value of healthy ageing and working longer, finds that those with the longest working life expectancy at age 50 have a higher standard of education, are home owners, married or co-habiting and in reasonable health. By contrast, reasons for economic inactivity in the same age range included poor health and caring responsibilities, eg staying at home to look after older relatives or sick partners.
Members to vote on proposed merger
29 March 2010
The detail of the merger package include:
Social inequalities and poor health impact on working life expectancy
19 February 2010
The report, Increasing longevity and the economic value of healthy ageing and working longer, finds that those with the longest working life expectancy at age 50 have a higher standard of education, are home owners, married or co-habiting and in reasonable health. By contrast, reasons for economic inactivity in the same age range included poor health and caring responsibilities, e.g. staying at home to look after older relatives or sick partners.
Institute of Actuaries chooses new president-elect
17 February 2010
Her election comes after nearly 30 years service to the profession, most notably in the fields of education and professional regulation.
She said: “I am delighted to represent my profession in this capacity; it is both a great honour and a great responsibility. I will represent a visible embodiment of change to the profession during these times of financial uncertainty when the skills of actuaries have never been more important.”
New asbestos report released
26 January 2010
The findings of the working party include:
Principles of enterprise risk management of crucial importance to financial service providers
22 January 2010
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.
The paper will examine how the fundamentals of ERM can be applied to insurance companies and will examine the roles of:
Understanding of systemic risk vital to avoiding future financial crises
8 December 2009
The paper, presented at a meeting of the Institute of Actuaries on 7 December 2009, shows just how risks materialising in one part of the financial system can have a widespread impact, affecting other financial markets and institutions and the broader economy.
By examining a number of historic financial crises, the paper discusses what constitutes a systemic event and, importantly, considers how policy makers can respond to the risk of such systemic financial failures.