The growing importance of actuarial sciences is steering insurance markets in the region to nurture actuarial talent, especially with the lack of sufficient capacity in the field, said speakers at the Arab Actuarial Conference 2025, held in Algeria last week.
According to news platform The Hindu, the Indian government has appointed to Life Insurance Corporation of India (LIC) Mr Dinesh Pant and Mr Ratnakar Patnaik to the posts of managing directors, effective on or after 1 June.
Manulife has appointed Mr Ko Hung as global head of treasury and investor relations and Ms Stephanie Fadous as chief actuary.
The chairman of the Financial Regulatory Authority (FRA) Dr Mohamed Farid has emphasised the importance of establishing actuarial departments within insurance companies, given the vital role actuarial models and estimates play in assessing risks, pricing insurance products and enhancing insurance companies' financial stability.
The Financial Regulatory Authority (FRA) has announced that its board has made decisions on new rules for calculating and forming technical provisions by property and liability insurance companies and life insurance companies.
Actuaries across Australia are being encouraged by Actuaries Institute 2025 president Win-Li Toh to tap into their powers of collaboration to find solutions to societal problems ranging from generational inequality to cyber risks.
A joint study released in January 2025 by the IFoA and University of Exter says that the global economy could face a 50% loss in GDP between 2070 and 2090 unless immediate action is taken on the risks posed by climate change.
Insurance company board directors have been challenged to do more to ensure customers are treated fairly amid a groundswell of complaints about health, life, home and motor policies, a paper published by the Actuaries Institute suggests.
The Arab Actuaries League has elected Mr Wasem Tabaa, chief actuary at the Childers Group and who hails from Lebanon, as chairman of the regional professional association for the period 2024-2026.
The Asian Actuarial Conference 2024 started yesterday in Hong with the theme "Exploring the future of insurance and beyond: Innovation, international hubs and Hong Kong", drawing over 1,000 delegates from around the world.