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 Leave vote. In a press release the Institute of Faculty of Actuaries (IFoA), CEO Derek …
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 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, …
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 …
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, …
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 …
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 of people who were not confident in describing a range of careers correctly, with 68% …