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.
This year's Asian Actuarial Conference (AAC), to be held in Hong Kong from 22 to 25 October, will have the theme of 'Innovation, International Hubs and Hong Kong'. As always, the AAC will attempt to explore the issues that affect actuaries across Asia, looking into their future, their potential evolution and how the landscape of the actuarial profession might change. We speak to AAC's programme chairperson Orchis Li about the conference.
The 2024 Singapore Actuarial Conference, themed 'Creating Resilient Actuaries for Tomorrow' explored the challenges and opportunities for actuaries in the insurance industry. This includes developing products and services to meet the needs of individuals, businesses and governments, discussions around sustainability in medical insurance, the use of AI in healthcare and health insurance and the ever-evolving cyber threat landscape.
Concerns are growing over the shortage of skilled professionals in the insurance sector in Ethiopia, as the government plans to open the sector up to foreign investors.