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 …
IFoA and FRC publish new standards and guidance for actuaries
The new standards and guidance are due to take effect from 1 July 2017, and will replace outdated material including Guidance Notes and the current technical actuarial standards (TAS). These …
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 …
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 …
Derek Cribb, CEO of the IFoA, comments on the resulting Leave vote
The Institute and Faculty of Actuaries (IFoA) has played an active role in informing the EU Referendum debate. Derek Cribb, Chief Executive of the IFoA, comments on the resulting …
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 …
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 …
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, …
#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. …
Chennai floods: says Insurers need to invest in actuarial capabilities
Everyone is shocked after #ChennaiFloods but people, entrepreneurs and government is doing far better job to take back everything to normal. While it’ll take time but here’s a bad news …
Actuary is fourth most misunderstood job!
The role of an actuary has been identified as the fourth most misunderstood job in the UK as revealed by LinkedIn. LinkedIn said the ranking was based on the percentage …