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IFRS 17 Insurance Contracts

Introduction to IFRS 17

August 21, 2019

The International Accounting Standards Board (IASB) published IFRS 17 on 18 May, which is designed to achieve the goal of a consistent, principle-based accounting for insurance contracts. The new Standard requires insurance liabilities to be measured at a current fulfilment value and provides a more …

Basic difference and similarity in actuary and data scientist

August 3, 2018

While they both revolve around data, there are certain lines drawn between these two. For instance, actuaries are found primarily in the insurance industry and risk management. On the other hand data scientist can be found in virtually any industry. If we have a comparative lookout of actuarial science and data science, prior is about the study of finance and related fields and activities and latter is about studying different data sets, their relationship and analysis.