News

On the 30th September Deputy Governor of the Central Bank of Ireland, Cyril Roux, provided the keynote address on Cyber Risk at the Society’s annual “Risk Management Perspectives” Conference.

Stating that cybersecurity and cyber risk is rapidly moving up the Central Bank’s supervisory agenda, the Deputy Governor spoke on the following topics as part of his address:

The Actuarial Association of Europe (AAE) has appointed Philip Shier as its new Chairperson.

Philip Shier is a member of the Society of Actuaries in Ireland and a Past President of the Society.  The Society congratulates Philip on his appointment.

AAE Press Release is here.

The European Insurance and Occupational Pensions Authority (EIOPA) has issued the second set of its Solvency II Guidelines in the official languages of the European Union.

The Guidelines cover different areas from all the three Solvency II pillars (quantitative requirements; governance requirements; reporting and disclosure).

The European Insurance and Occupational Pensions Authority (EIOPA) has published its ninth report on market developments with regard to occupational pensions and cross-border activities of institutions for occupational retirement provisions (IORPs).

The report provides a comprehensive overview of the European occupational pensions landscape for the period of June 2014 - June 2015.

The results of the report show that during the reporting period the number of active cross-border IORPs rose from 75 to 76.

The Demography Committee has prepared a report and recommendations following a review of the mortality assumptions used in converting a retirement fund into an annuity as prescribed in the following Actuarial Standards of Practice:

The Mortality Working Group (MWG) exists to study mortality and monitor studies completed by other organizations worldwide, to make this information available to actuaries and others worldwide, and to contribute to and organize other opportunities for communication where appropriate.

The Society has responded to the Central Bank of Ireland’s Consultation Paper 92: “Consultation on Domestic Actuarial Regime and Related Governance Requirements under Solvency II”.

The response includes the following comments:

Attached below is the March 2015 SAI Newsletter.  Included in this edition are articles on:

• SAI President’s Biennial Dinner
• Risk Management Perspectives Conference
• Member Proposition
• SAI Golf Society
• Continuing Professional Development Update
• Question Time
• Fellowship Ceremonies
• Student News

The Society congratulates Philip Shier, Past President of the Society, on his election as chair of the European Insurance and Occupational Pensions Authority’s (EIOPA) pension stakeholder group. 

Dermot Corry’s address to members and guests at the Society’s President’s Dinner on 12th February 2015 is available below.

The Society has today issued a press release announcing the appointment of Philip Shier, a Past President of the Society, as Vice Chairperson of the Actuarial Association of Europe.  The Society congratulates Philip on his appointment.

The Press Release is available here.

Attached below is the September edition of the SAI Newsletter.  Included in this edition are articles on:

• SAI Strategy Plan 2014-2017
• SAI organisational chart
• Women Invent Tomorrow
• Maths Tutorials
• Q&A with Pat Curtin
• Work-Based Skills
• Student News