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brexit insurance actuary

Brexit: The Impact on Actuarial and Insurance Market

June 26, 2016

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 …

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

June 5, 2016

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, …

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

January 29, 2016

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 …

#Actuaries words: Need more transparency in participating insurance plans

January 10, 2016

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, …

Chennai floods: says Insurers need to invest in actuarial capabilities

December 5, 2015

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 for Insurance companies, Insurance companies are likely to face claims worth Rs1,000 crore. But we read this …

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