Category Archives: News

March Summary and Introducing Study Groups, Actuarial Interv… Visit please!

Last month was really an interesting month. The news were great for Actuary and our stats were also nice, many impressions, views, visits and many new users (Actuarial Students/ Actuaries) registered with us.

Well, the actual reason is, We started providing job details in our forums. While the forums were for discussion (more…)

Irda seeks to amend 16-year old Appointed Actuary regulations

Insurance regulator Irda has proposed changes in the 16-year old regulations regarding Appointed Actuaries by modifying framework for their appointment and functions.

“Based on the experience gained, since the last amendment effected in the year 2013, the Authority felt that there is a need to amend the IRDA (Appointed Actuary), Regulations, 2000,”

it (more…)

How can Actuaries be Thought Leaders on Cyber Liability?

The infrastructure, the users, and the services offered on computer networks today are all subject to a wide variety of risks posed by threats that include distributed denial of service attacks, intrusions of various kinds, eavesdropping, hackingphishing, worms, viruses, spams, etc. In order to counter the risk posed by these threats, (more…)

Congrats! Actuary in the 10 high-skill jobs to stay secure professionally

India’s Information Technology (IT) job market is likely to take an automation hit.

Campus recruitment of graduates across engineering colleges is looking at its first dip since 2009, a time when global recession had led to significant job losses and lower hiring by companies, as companies resort to automation in entry-level coding (more…)

Brexit: The Impact on Actuarial and Insurance Market

A brief intro of Brexit-

British withdrawal from the European Union, often shortened to Brexit (a portmanteau of “British” or “Britain” and “exit”),  is a political goal that was pursued by various individuals, advocacy groups, and political parties since the United Kingdom (UK) joined the precursor of the European Union (EU) in 1973. Withdrawal (more…)

If there is no Appointed Actuary, no approval for new products: IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) has tightened norms relating to Appointed Actuaries (AA) in insurance companies.

If there is no appointed actuary, the regulator will not approve new products.

“If there is no appointed actuary for a considerable period of time, say, more than one year, the companies will (more…)

Estimation of reduction in Expenses by 15-20% : Chief Actuary, HDFC Life

Policyholders are likely to get better returns on their life insurance policies from April as the regulator has asked insurers to bring down their overall expenses.

 In its exposure draft, the Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to bring down their overall expenses limit for various categories (more…)

#Actuaries words: Need more transparency in participating insurance plans

With the Insurance Laws (Amendment) Act, 2015, in place, foreign insurance companies have started to increase their stake in India. This puts focus on valuations and factors that drive valuations. Richard Holloway, managing director, South East Asia and India, life, Milliman Inc., and Sanket Kawatkar, principal and consulting actuary, life insurance (more…)

Chennai floods: says Insurers need to invest in actuarial capabilities

Insurance companies are likely to face claims worth Rs 1,000 crore, mainly due to business interruptions caused by damaged inventory of auto companies in Chennai.

Everyone is shocked after #ChennaiFloods but people, entrepreneurs and government is doing far better job to take back everything to normal. While it’ll (more…)