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.

SAI Response to the Department of Finance on the Consultation on Development of a National Resolution Framework for (Re) Insurers (Sept 2021)

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

Response to Public consultation on enhancing and reforming the Personal Injuries Assessment Board (PIAB)

The Society has made a Submission to the Department of Finance on the Public Consultation on Climate Change and Insurance in the context of the "Climate Action Plan 2019 to Tackle Climate Change Breakdown.

You can read the Society's Submission here.

The Society has issued responses to the following Central Bank of Ireland Consultation Papers:

The Society recently submitted a response to the Central Bank of Ireland Consultation Paper (CP114) on Amendments to the Non-Life Insurance (Provision of Information) (Renewal of Policy of Insurance) Regulations 2007.

The response is available to read on our website here https://web.actuaries.ie/press/submissions

The Society of Actuaries in Ireland has told the ‘Oireachtas Committee on Finance, Public Expenditure & Reform, and Taoiseach’ that evidence-based research is vital to underpin informed policy-making on the costs of motor insurance. 

The full Press Release, including speaking notes, 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: