Our Scans · (FS.4.02) Actuarial Science · Weekly Summary

• Tackling government spending on welfare is as important now as it was under Cameron: earlier in 2023, the Government Actuary Department warned that outgoings on benefits were expected to exceed income generated by National Insurance for four years in a row. / France CapX
• More broadly, Deloitte will be looking for people over the next 12 months in the areas of regulatory risk, restructuring and transaction services, actuarial services and marketing. / Ireland Think Business
• The full potential of artificial intelligence and machine learning in actuarial and risk management remains untapped, with significant progress still needed in their adoption and utilization. ReinsuranceNe.ws
• Ultimately, stakeholders across government, academia, and industry agree: closing Nigeria's actuarial gap is no longer optional; it is foundational to ensuring resilience in an increasingly complex financial and risk landscape. Punch Newspapers
• Targeted Hiring Resurgence: Despite the slowdown that was a 2024 actuarial industry trend, a gradual rebound in recruitment is expected in 2025 as economic conditions stabilize. Smith Hanley Associates
• Greenberg School of Risk Science ranks #2 in North America and #10 in the world for research productivity in the five leading actuarial and insurance journals. Robinson College of Business
• Mercer - the actuarial and consulting firm - projected in 2021 that the entire health services industry would need 3.2 million more workers in lower-paid caregiving positions by 2026. American Enterprise Institute - AEI
• The first Egyptian actuarial table in the life insurance activity will be applied soon. Dailynewsegypt
• UKEF has paid out on claims in 2023; that is an inevitable consequence of its role, operating in markets where actuarial risk is greater, yet the commercial sector is hesitant to venture. GOV.UK
• Failure to do so will raise the risk that actuaries will be seen as increasingly irrelevant in a world of sustainability, with technology eclipsing much traditional actuarial work. The Actuary
• Growth in the health insurance sector will be substantial, with actuarial consulting, in particular, showing a strong increase. Scholarsly
• Actuarial Association of Europe is the wellbeing of people, actuaries promote the objective that, in the long run, pension benefits sufficient at least to prevent poverty will be provided to all European citizens. The Actuarial Association of Europe (AAE)
• Actuaries will play a crucial role in addressing emerging risks and ensuring financial sustainability, aiming to improve the current low insurance penetration rate of 3.7% compared to the global average. Devdiscourse
• While both open up a world of opportunities for actuaries in all fields, constantly increasing sources of data and the ever-expanding capacity of AI and data science tools bring about major shifts in risk profiles and appetites - and, as a result, modelling demands. Finance Derivative
• An element of 'double materiality' will be seen in the impact of AI and data science on insurers and actuaries over the coming year. Finance Derivative
• The future mortality improvement factors, estimated by the Australian Government Actuary, assume that the annualised trend of improvement observed nationally over the past 3 decades for men and women will persist out to 2031-32. Center Population Australian Government
• While AI models will bring much greater productivity in 2025, they run the risk of introducing new sources of uncertainty, so it's important that actuaries take time to understand the limitations and assumptions of AI algorithms. Live Insurance News
• Recent developments in superannuation and retirement income legislation are expected to provide plenty of opportunities for aspiring actuaries to shape the future of the Australian superannuation system and make positive impacts on retirement for various different generations. Actuaries Digital
• School leaving learners who intend to study Actuarial Science in 2025 should be a whiz at Math, enjoy a good challenge by solving difficult problems and are willing to remain focused and disciplined through years of studying and training. Opportunity Desk
• Actuaries and insurance companies are pricing in younger life expectancy rates through 2030. Armstrong Economics

Last updated: 09 September 2025