20 Sep 2013

Dermot Corry, President of the Society of Actuaries in Ireland, calls for reform of pensions structures

Dermot Corry, President of the Society of Actuaries in Ireland, has called for reform of Pensions Structures in his Presidential Address on 19th September 2013.

Click here to read the full press release

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19 Sep 2013

IAA Releases Paper on Stress Testing and Scenario Analysis

The International Actuarial Association (IAA) has published a paper on Stress Testing and Scenario Analysis by the Insurance Regulation Committee.

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17 Sep 2013

CMI publishes 2013 mortality projections

The CMI has published CMI_2013, an updated version of the Mortality Projections Model.  It is accompanied by Working Paper 69, which illustrates the impact of incorporating the latest England and Wales population mortality dataset into the Model.

The Working Paper also summarises the responses to the recent consultation on the future of the Model and the CMI Library of Mortality Projections and outlines the Committee’s reaction and planned next steps.  An updated version of the User Guide has also been issued.

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23 Aug 2013

International Actuarial Association Mortality Working Group - first report

The International Actuarial Association Mortality Working Group (IAAMWG) has published its first report.

The IAAMWG is a group of volunteers who study mortality and monitor studies completed by other organisations worldwide, focusing on the impact on insurance products (including life, pension and living benefits) or on government or world organisation (such as WHO and the UN) sponsored programs.  Mortality experience studies of general populations, insured life and other population subsets are within in the scope of the MWG.

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21 Aug 2013

Central Bank appoints new Deputy Governor, Financial Regulation

The Central Bank of Ireland today (Wednesday 21st August) announced the appointment of Cyril Roux as Deputy Governor, Financial Regulation.

An actuary by profession, Mr Roux will be responsible for all regulatory activities at the Central Bank. He is currently the First Deputy Secretary General of the French prudential supervisory authority for banks and insurance companies (Autorité de Contrôle Prudentiel et de Résolution ACPR). The Minister for Finance has welcomed the appointment.

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26 Jul 2013

Feedback Statement on Consultation Process CP61, Impact Based Levies and Other Levy Related Matters

The Central Bank of Ireland has published 'Feedback Statement on CP61' relating to proposed changes to the basis for calculating the industry funding levy payable by regulated entities and other levy-related matters.

This feedback statement outlines the main themes which emerged from submissions received and the Bank's response thereto. It also sets out the changes to be implemented and the estimated impact of proposed reforms on annual levies payable by regulated entities.

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18 Jul 2013

EIOPA publishes results of Peer Reviews on Internal Models

The European Insurance and Occupational Pensions Authority (EIOPA) published today the final report on the results of its two peer reviews on internal models.

The purpose of the peer reviews was to assess the practices of supervisors and colleges related to the review of internal models during the pre-application process.  Both peer reviews cover supervisory practices in 24 Member States.

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08 Jul 2013

Unprecedented call for Government action to save thousands of workers from pensions hardship

 

 

The Society of Actuaries in Ireland today issued a joint press release and statement, together with IBEC, ICTU and IAPF,  calling for government action to save thousands of workers from pensions hardship.

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04 Jul 2013

First EU study on the financial situation of pension funds

On 4th July EIOPA published the first EU study on the financial situation of pension funds. The results show that the holistic balance sheet approach benefits the protection of current and future generations.  And the outcomes reinforce the need to continue working towards a market-consistent and risk-based regulatory regime in Europe.

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28 Jun 2013

SAI Newsletter June 2013

Attached below is the SAI Newsletter from June 2013.  Included in this edition are the following articles:

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