News

The Society has issued a press release highlighting that a sharp decline in female performance at the highest level in Leaving Certificate Higher Level Mathematics since 2012 is likely to create a gender imbalance in STEM careers and in female access to high-points third level courses generally.  This is according to a report prepared by the Society's Gender Pipeline Working Group.

The SAI's Diversity and Inclusion (D&I) Committee organised a pilot Transition Year Work Experience program (the “SAI TY program”) with the aim of introducing the actuarial profession to students from diverse backgrounds. The aim of the program was to reach students who would not normally have access to this type of experience. 

The SAI TY program is an interactive 4-day program for transition year students run by Susan HayesCulleton of The Positive Economist and Savvy Teen Academy, in collaboration with volunteers from the D&I Committee and sponsoring employers.

The Society has made a submitted views to the Pensions Council  on the gender gap in supplementary pensions. The Society submission is here.

The attached was submitted in response to the Public Consultation on Revision of Death Registration Process from the Department of Social Protection https://www.gov.ie/en/consultation/aa3b2-public-consultation-on-revision-of-death-registration-process/

Response to HIA Consultation on community-rated health insurance market in Ireland and proposed changes to the Risk Equalisation Scheme [which is in response to this HIA consultation].

The Society has today issued a press release on Ireland's Risk Equalisation system following its healthcare seminar today which brought together international and domestic experts to discuss how cross subsidies in the health insurance market can be modified in the future.

Click here to read the full press release

The Society made a submission to the recent Health Insurance Authority consultation on Lifetime Community Rating, and has issued a press release which highlights the key finding in the submission.  

The growth in ‘Average Private Health Insurance Premiums’ in Ireland has consistently outstripped economic growth over time and is expected to continue to be in excess of economic growth in the future.  This is one of the conclusions in an analysis published today (Nov 10, 2016 ) by the Society.

Read the full paper here.

The press release is available here.

The European Insurance and Occupational Pensions Authority (EIOPA) published today a potential macroprudential approach to the low interest rate environment in the Solvency II context.
The aim of this publication is to contribute to the discussion on the possible need to develop a macroprudential framework in the insurance sector to promote financial stability in a Solvency II environment.
 
The following three objectives to be targeted by supervisory authorities in the current low interest rate environment are addressed: