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Another week and yet more headlines around the energy transition and impacts on incumbents. The Financial Times reports that energy analysts Wood MacKenzie are now forecasting Peak Oil demand by 2036, earlier than the date many oil majors use in their scenario planning.
The UK Stakeholders for Sustainable Development (UKSSD) have produced a report ‘Measuring up: How the UK is performing on the UN Sustainable Development Goals’. The report finds that while there are some pockets of good news, the most vulnerable people and places in our society are increasingly being left behind.
ASTIN is a well-established worldwide leading forum of risk and actuarial professionals of non-life insurance industry. Created as the first Section of the International Actuarial Association (IAA) in 1957, ASTIN stands for ‘Actuarial Studies in non-Life Insurance’.
In this blog, Chloe Hung, Amazon best-selling author, uses her experience to explain what makes the actuarial examinations difficult and how best to prepare for them.
Has anyone ever told you that actuarial science is a difficult course to study?
Chris Reynolds, outgoing Chair of the IFoA Health and Care Research Sub-committee reflects on his time in the role:
Over the last two years I’ve had the privilege to chair the Health and Care Research Sub-Committee. This has been an excellent experience as it’s allowed me to be at the heart of the research being undertaken in the Health and Care space.
The Life Office Taxation Working Party (TWP) keeps abreast of new developments in the area of Life Office Taxation. We aim to offer an annual presentation on relevant matters to the Life Conference, and we are currently supported by having a taxation professional (Lindsay J’afari-Pak, PwC) as a member of the Working Party.
In this blog, Chloe Hung, Amazon best-selling author, reveals in her opinion, the career outlook for actuaries and why they're in demand.
Actuarial science is consistently ranked as one of the top professions to venture into. Despite it being a top-ranking profession, the actuarial industry is a small industry and the number of students pursuing actuarial science has been increasing rapidly over the years. This makes competition within the actuarial job market stiffer each year.
In this blog, Jules Constantinou, IFoA President, discusses the use of actuarial science to assess risk and evaluate longevity improvement.
The GI Asia International Working Party provides a forum for GI actuaries to discuss local and international GI issues impacting members in the region, as well as the opportunity to further research in specific regional issues.
In this blog Nicholas Chee Lek Yeo explains why he joined the working party and what he hopes the working party will achieve.
Having achieved its objectives, the IFoA’s Modelling, Analytics and Insights from Data (MAID) Working Party is disbanding and a new Data Science Member Interest Group (MIG) will be formed.
With the practical application of data science moving from the frontiers to the mainstream of the profession, it is essential that actuaries keep pace with advances in technology and methodology, ensuring the profession remains relevant and fit for the future.
Other actuary news
Added: Thu, 26/07/2018 - 13:00Natural disasters cost the global insurance industry approximately $21bn (£16bn) in the first half of 2018, far less than the average of $35bn recorded over the last decade.
Added: Wed, 25/07/2018 - 13:30Half of small and medium-sized companies (SMEs) in the UK would welcome more expert advice on the risks facing their business, research from Allianz Insurance has found.
Added: Tue, 24/07/2018 - 17:10An online pensions dashboard could be the single most effective tool in ensuring UK adults receive an adequate income in retirement, the Institute and Faculty of Actuaries (IFoA) has said today.
Added: Mon, 23/07/2018 - 14:00There is widespread confusion among British adults around the amount of money needed in retirement, with eight in ten not confident they are saving enough.
Added: Fri, 20/07/2018 - 18:02Approximately one-third of global insurers now expect to spend over €50m (£45m) complying with IFRS 17 regulation, up from less than a tenth five years ago.
Added: Fri, 20/07/2018 - 15:50The UK's pension fund trade body has argued that new regulations governing how trustees invest £1.5trn in assets should exclude explicit reference to climate change.
Added: Thu, 19/07/2018 - 18:26UK drivers enjoyed the largest annual drop in car insurance prices recorded since 2015 last quarter, thanks largely to changes in the way insurers calculate personal injury compensation.
Added: Thu, 19/07/2018 - 16:20The insurance sector has yet to shake off its image as being dominated by men, with women representing just 6% of executive director positions on UK company boards.
Added: Wed, 18/07/2018 - 16:20US president Donald Trump's tariff threats could spark a global recession if trade tensions escalate and business confidence falls, the International Monetary Fund (IMF) has said.
Added: Wed, 18/07/2018 - 14:00Pension trustees will be required to run a competitive tender when selecting their first fiduciary manager under reforms set out by the Competition and Markets Authority (CMA) today.