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John Taylor, IFoA President Elect discusses how actuaries are taking the lead in the emerging field of data science
When a topic generates a cloud of buzz-words ranging from “Big Data” to “Machine Learning” and “Artificial Intelligence” we can be sure that the core issue is one of public interest. Indeed, data science in all its manifestations is rarely out of the public eye as society grapples with the implications of the emergence of an incredibly powerful phenomena.
In this blog, Bethan Goddard, an intern at Barnett Waddingham, talks about her introduction to the actuarial profession and the things learnt along the way.
Having studied law at the University of Bristol for four years, to say I was outside my comfort zone at the start of my internship is a massive understatement. On day one at Barnett Waddingham, I had no actuarial, insurance or Excel experience. The list of things I didn’t know was endless.
GI Asia International Working Party are reporting on a Cyber risk event at which they presented.
As a working party, we’ve been giving thought to how, in practice, we would approach challenges that actuaries face on cyber risk. These may be reserving for a silent cyber loss, pricing a cyber extension or managing cyber exposures.
A ‘practical guide’ for pensions actuaries is helping members advising UK DB pension schemes to help their clients manage Resource & Environment (“R&E”) risks.
Make your views count
We will asking all our members to take part in a short, online survey later this month.
This is an important opportunity for you to tell us what you value and how we can improve the support and services we provide. The last time we undertook an all-member survey was eight years ago and we encourage all our members to take advantage of this opportunity to tell us what’s most important to you.
Ahead of the government’s long-awaited social care green paper, Policy Manager Henry Thompson introduces the IFoA’s new Social Care Policy Briefing series
Life Conference 2018: 21-23 November, Liverpool
The Life Conference 2018 is the premier event for Life Insurance actuaries in the UK. The programme this year includes nearly 80 sessions with a focus on developing and enhancing technical knowledge and sharing innovations.
The conference also provides the opportunity to network and exchange ideas with a wide range of professionals.
Are you prepared to meet the serious challenge of cyber threats? Visesh Gosrani blogs on a key issue facing global business.
“It won’t happen to us!”
“How many insurers have you seen affected by cyber risk events?”
“We don’t have the budget to spend.”
Building on previous success
The CERA Global Association (CGA), which grants actuarial organisations the right to award the CERA enterprise risk management credential, is delighted to announce the appointment of Nick Dumbreck as the new Chair of the Board.
The pensions dashboard has been talked about across the industry for a long time. With the proposed implementation of date of 2019 (albeit it has been questioned by some whether this is achievable or not), it is time to consider the actuarial aspects behind providing individuals with details of their pension benefits.
Other actuary news
Added: Mon, 03/12/2018 - 09:30In the summer of 2016, while deep in the Amazon jungle, two intrepid actuaries, Welshman Ceri Price and Londoner Natalie Podd, drifted under the rainforest canopy in their canoe.
Added: Sun, 02/12/2018 - 09:30December's deaths and marriages.
Added: Fri, 30/11/2018 - 14:30Insurers are increasingly worried that their investments will not achieve desired returns amid rising equity market volatility and risk, a global survey has found.
Added: Wed, 28/11/2018 - 11:00The pension industry is split on how to deal with guaranteed minimum pensions (GMP) equalisation following a landmark ruling that could add billions to UK schemes' liabilities.
Added: Tue, 27/11/2018 - 12:30Half of financial institutions with less than $250bn (£196bn) in assets are failing to use operational risk management (ORM) to inform their business strategies, a survey by KPMG has found.
Added: Mon, 26/11/2018 - 14:20Cyber attacks and data loss have overtaken regulation as the number one threat facing senior managers across the world, a survey of 161 business leaders has revealed.
Added: Fri, 23/11/2018 - 14:30More than half of the UK's leading life insurance companies expect to increase their spending on actuarial consultants over the next year, a survey has found.
Added: Thu, 22/11/2018 - 12:45UK companies are left with few options when their insurer refuses to payout on a claim, with policyholders only winning around one in three disputes over the last five years.
Added: Wed, 21/11/2018 - 15:48Insurance technology start-ups have already attracted more investments in 2018 than they did over the whole of last year, setting a new record for deal volume in the process.
Added: Tue, 20/11/2018 - 15:45The number of UK defined benefit pension schemes using fiduciary management rose by 9% over the 12 months leading up to June this year the lowest increase recorded since 2008.