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CMI Working paper 55 was published in September 2011.
The Institute and Faculty of Actuaries has appointed Alan Phillips to the role of Chairman of its Management Board with effect from 13 September 2011. The Management Board has oversight responsibilities for operational matters related to the Actuarial Profession’s strategy, corporate plan, policy and operational plans, and all matters related to the Profession’s resources. Alan succeeds Sally Bridgeland who recently stood down from the position.
The Actuarial Profession has issued two new Actuarial Profession Standards (APSs) in the field of life assurance:
The Actuarial Profession is seeking to support university communities through three routes:
The CMI has announced its intention to bring forward the release date of the CMI Mortality Projections Model.
The CMI has published Working paper 53, which presents the results of an initial investigation into rates of mortality improvement for pensioners of self-administered pension schemes.
Jane Curtis, President of the Institute and Faculty of Actuaries, has offered warm congratulations to the successful candidates in the Institute and Faculty of Actuaries’ latest round of examinations.
The second of two open consultation meetings to discuss Life Insurance Exposure Drafts 27 and 28 has been arranged by the Actuarial Profession to take place at Maclaurin House, 18 Dublin Street, Edinburgh, EH1 3PP, from 17.30 to 18.30 on Thursday 14 July. Refreshments will be served from 17.00.
The CMI has published Working paper 52, which presents cause-specific claim diagnosis rates for accelerated critical illness insurance, on a "lives" basis, based on data for nearly 16,000 claims settled in 2003-2006.
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.