News

The European Insurance and Occupational Pensions Authority (EIOPA) and the World Bank have signed an operational Memorandum of Understanding (MoU) to cooperate on developing the insurance sector.

This Memorandum will enable both organizations to collaborate on promoting a risk_based regulatory and supervisory framework in insurance, as well as the identification of systemic risk and the promotion of consumer protection.

More information is available here

Issue four of the Institute and Faculty of Actuaries Longevity Bulletin explores the data that evidences that we are all living longer but questions how healthy we are during those extra years.

From Philip Scott, President of the Institute and Faculty:

"In the past longer life was generally driven by better health. However data collected over the last twenty years highlights that life expectancy and healthy life expectancy are not one and the same.

From the International Actuarial Association:

The Institute and Faculty of Actuaries Longevity Bulletin aims to provide a regular overview of research into longevity trends and a guide to prospects for long life.  It presents and explains actuarial perspectives on population longevity and looks beyond the actuarial world for statistics, research and the latest thinking on related subjects.   Longevity Bulletin is published every six months.  Issue 03 is now available.

The Continuous Mortality Investigation (CMI) carries out research into mortality and morbidity experience, based on data supplied by UK life assurance companies and actuarial consultancies. 

The CMI has published Working Paper 62, which presents a preliminary analysis of the mortality experience under large self-administered pension schemes for the period 2003 to 2010.

Further information  

The Groupe Consultatif's first European Congress of Actuaries - ECA 2012 - will take place in Brussels on 7/8 June 2012. The theme is The Future European Actuary. This Congress aims to attract actuaries working in industry, consulting and academia, as well as other financial professionals, politicians and others interested in the future of risk management in Europe. The programme will include speakers from the European Parliament and Commission, supervisory authorities, rating agencies, and other fields.

Longevity Bulletin

In the first edition of the Actuarial Profession’s  Longevity Bulletin, editor Alison O’Connell publishes the findings of a new comparison of a range of international projections of future longevity that reveals some consistent themes. They are: