Egypt's first set of locally-based actuarial life tables will be implemented starting in October 2022, according to the decision issued by the Financial Regulatory Authority, announced Mr Hesham Ramadan, assistant to the FRA chairman.
The IRDAI has announced that it is seeking qualified and motivated young individuals to work on important initiatives within the regulatory agency and assist in the policy analysis and development of the Indian insurance sector.
AIA Singapore and Singapore Management University (SMU) yesterday signed a Memorandum of Understanding to launch the first work-study elective for Actuarial Science students at the School of Economics.
The Labour Fund (Tamkeen) in partnership with the Central Bank of Bahrain (CBB), the London-based Institute and Faculty of Actuaries (IFA), and the Bahrain Institute of Banking and Finance (BIBF) have announced an initiative to train and employ Bahraini talent in actuarial science which will prepare them for quality career opportunities in insurance firms in Bahrain.
The Central Bank of Bahrain (CBB) has issued directives requiring insurance companies to establish an internal actuarial unit, according to a statement issued by the regulator.
The IRDAI has proposed some key changes to its regulations covering appointed actuaries, following a review of the rules in a changing business environment.
Kenyan insurance firms will face high costs in working to meet International Financial Reporting Standard (IFRS 17) that comes into effect on 1 January 2023.
The life insurance sector is set to benefit from more accurate pricing following the launch of the Assured Lives Mortality Tables by the Insurance Regulatory Authority of Uganda (IRA).
Given increased regulatory attention on financial resilience of superannuation trustees, and the superannuation funds which they manage, the Actuaries Institute has released a research paper dealing with risk based capital management in the superannuation sector.
Commenting on the Australian federal budget presented in March, the Actuaries Institute says that this is a case of missed opportunities to not prioritise greater investment in climate resilience and women's superannuation.