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John Taylor, IFoA President Elect discusses how actuaries are taking the lead in the emerging field of data science
When a topic generates a cloud of buzz-words ranging from “Big Data” to “Machine Learning” and “Artificial Intelligence” we can be sure that the core issue is one of public interest. Indeed, data science in all its manifestations is rarely out of the public eye as society grapples with the implications of the emergence of an incredibly powerful phenomena.
In this blog, Bethan Goddard, an intern at Barnett Waddingham, talks about her introduction to the actuarial profession and the things learnt along the way.
Having studied law at the University of Bristol for four years, to say I was outside my comfort zone at the start of my internship is a massive understatement. On day one at Barnett Waddingham, I had no actuarial, insurance or Excel experience. The list of things I didn’t know was endless.
GI Asia International Working Party are reporting on a Cyber risk event at which they presented.
As a working party, we’ve been giving thought to how, in practice, we would approach challenges that actuaries face on cyber risk. These may be reserving for a silent cyber loss, pricing a cyber extension or managing cyber exposures.
A ‘practical guide’ for pensions actuaries is helping members advising UK DB pension schemes to help their clients manage Resource & Environment (“R&E”) risks.
Make your views count
We will asking all our members to take part in a short, online survey later this month.
This is an important opportunity for you to tell us what you value and how we can improve the support and services we provide. The last time we undertook an all-member survey was eight years ago and we encourage all our members to take advantage of this opportunity to tell us what’s most important to you.
Ahead of the government’s long-awaited social care green paper, Policy Manager Henry Thompson introduces the IFoA’s new Social Care Policy Briefing series
Life Conference 2018: 21-23 November, Liverpool
The Life Conference 2018 is the premier event for Life Insurance actuaries in the UK. The programme this year includes nearly 80 sessions with a focus on developing and enhancing technical knowledge and sharing innovations.
The conference also provides the opportunity to network and exchange ideas with a wide range of professionals.
Are you prepared to meet the serious challenge of cyber threats? Visesh Gosrani blogs on a key issue facing global business.
“It won’t happen to us!”
“How many insurers have you seen affected by cyber risk events?”
“We don’t have the budget to spend.”
Building on previous success
The CERA Global Association (CGA), which grants actuarial organisations the right to award the CERA enterprise risk management credential, is delighted to announce the appointment of Nick Dumbreck as the new Chair of the Board.
Future Pensions Landscape publish report on the Pensions Dashboard
The pensions dashboard has been talked about across the industry for a long time. With the proposed implementation of date of 2019 (albeit it has been questioned by some whether this is achievable or not), it is time to consider the actuarial aspects behind providing individuals with details of their pension benefits.
Other actuary news
Added: Wed, 09/01/2019 - 13:05Blockchain and cryptocurrency developers received record levels of investment in the UK last year, with the country's FinTech sector continuing to be among the most attractive in the world.
Added: Tue, 08/01/2019 - 15:45Institutional investors are increasing their asset allocations to private markets amid rising concerns about a downturn in the economic cycle, a global survey has found.
Added: Tue, 08/01/2019 - 13:00As many as 15 of the UK's 100 largest listed companies are set to offload their defined benefit (DB) pension schemes to insurers in the next three years, new research suggests.
Added: Mon, 07/01/2019 - 16:00A sharp decline in the US stock market during the final quarter of 2018 dashed hopes that the nation's largest corporate pension plans would enjoy consecutive years of improved funding.
Added: Fri, 21/12/2018 - 13:13Price caps could be introduced to ensure insurance customers are not ripped off for their loyalty under new proposals unveiled by the Competition and Markets Authority (CMA).
Added: Thu, 20/12/2018 - 16:51Ten of the world's largest insurers will not support a proposed Australian coal mine described by NGOs as a test case that will show who is interested in profiting from climate chaos.
Added: Thu, 20/12/2018 - 12:00More than $1.3bn (£1bn) was invested in insurance technology firms in the third quarter of this year, double the amount recorded in the previous three months.
Added: Wed, 19/12/2018 - 10:55Both India and France are likely to overtake the UK in the rankings of the world's largest economies next year, with Britain falling from fifth to seventh place.
Added: Tue, 18/12/2018 - 14:30The Financial Reporting Council (FRC) should be replaced as soon as possible with a new regulator with clear statutory powers and goals, an independent review has concluded.
Added: Mon, 17/12/2018 - 14:00The state pension accounts for £6 in every £10 of retirement income received by British adults aged 65 and over on average, research by Just Group has revealed.