News

26 Nov 2012

IAA provides Information Base on International Mortality

From the International Actuarial Association:

30 May 2012

Institute and Faculty of Actuaries publishes Longevity Bulletin

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.

30 May 2012

CMI publishes analysis of SAPS mortality experience

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

23 Mar 2012

CERA Treaty Board approves Thought Leader and Verifiable Experienced Practitioner application

From the UK Actuarial Profession's ERM Newsletter, March 2012:

"We are pleased to announce that the CERA Treaty Board has recently granted approval to the application from the UK Actuarial Profession to award the CERA qualification to Thought Leaders and Verifiable Experienced Practitioners.

Over the next few months, the identification and confirmation of Thought Leaders will begin. This will be done using a Selection Panel and will be by invitation only.

The key criteria for a Thought Leader are:

10 Jan 2012

European Congress of Actuaries

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.

17 Aug 2011

IAA AFIR Section expands scope to Enterprise Risk Management

At the June, 2011 general meeting of the AFIR (Actuarial Approach for Financial Risks) section in Madrid, the membership affirmed a major expansion of the scope of the IAA section to now include Enterprise Risk Management (ERM) along with continuing the original focus on financial risks. To emphasize this change, the section has taken on a new name, AFIR/ERM.

23 Jun 2011

Second International Comparative Study of Mortality Tables for Pension Fund Retirees

A paper entitled a “Second International Comparative Study of Mortality Tables for Pension Fund Retirees” has been published by T.Z.Sithole (Kingston University), S.Haberman and R.J.Verrall (both Cass Business School, City University London).

18 May 2011

Longevity Bulletin and Emerging Trends Symposium

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:

16 Mar 2011

Constructing a Risk Appetite Framework: An Introduction

Paper on Risk Appetite

10 Mar 2011

IAA Releases Note on Enterprise Risk Management for Pensions

IAA News Release:

The International Actuarial Association is pleased to announce the publication by its Pensions and Employee Benefits Committee of a Note on Enterprise Risk Management for Pensions.

01 Mar 2011

Society issues press release on Gender Directive ruling

The European Court of Justice (ECJ) has today ruled that Article 5(2) of the Gender Directive 2004/113/EC breaches European Union gender discrimination laws. Article 5(2) currently permits individual member states to differentiate between men and women when pricing insurance where statistical evidence shows gender is a determining risk factor. The ECJ has ruled that this derogation is invalid from 21st December 2012.