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The Actuarial Profession has now published a new Actuarial Profession Standard G2 (APS G2) on actuarial reporting for Lloyd’s syndicates writing US business. APS G2 is to take effect from 15 December 2010 at which time GN33 will be withdrawn by the Board for Actuarial Standards.
As actuaries continue to prepare for the challenges of Solvency II and the increased emphasis on the efficient use of capital, a workshop at the Actuarial Profession’s life conference, which took place in Birmingham from 7 to 9 November 2010, examined the potential use of contingent capital in a post Solvency II world.
The creation of the Institute and Faculty of Actuaries has presented our profession with a once in a generation opportunity to establish our body as a benchmark for member support, public confidence and reputation.
At a workshop at the Actuarial Profession’s life conference taking place from 7-9 November 2010 in Birmingham, actuaries from Hannover Life Re (UK) explained that medical advances mean that life cover is being offered to people who are HIV+ in the UK and who meet certain criteria.
Ronnie Bowie, President of the Institute and Faculty of Actuaries, looks to the challenges and opportunities for the actuarial profession of the future.
As Ronnie Bowie, President of the Institute and Faculty of Actuaries, welcomed new Fellows at a ceremony at Staple Inn Hall today, 28 October, the Profession also welcomed 12 year old Wajih Ahmed and 10 year old Zohaib Ahmed to Staple Inn.
Over 130 men and women from around the world became Fellows of the Institute and Faculty of Actuaries at ceremonies on 28 and 29 October 2010.
The Profession has published a consultation paper on recommended changes to the current practising certificate regime.
CERA is the new global chartered enterprise risk actuary qualification and the new website will provide news and information about the qualification and the benefits it can offer to actuaries and their employers.
The Actuarial Profession's working party on third party motor insurance has said that the AA's reported price rises of car insurance are "unsurprising" given the steep rise of third party insurance claims.