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

• 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
• Australian Actuaries Climate Index 1990-2022 Notes: 1 Australian Actuaries Climate Index 1990-2022 The annual average risk costs of extreme weather and climate change to properties is projected to rise to $91 billion per year in 2050 and $117 billion per year in 2100 in Australia. BCG Global
• Florida and California will need to offer state-backed reinsurance so that insurers can issue actuarially sound policies, suggests one consumer advocate. The American Prospect
• Actuaries are renowned pioneers and innovators who excel at distilling what you need from a proliferation of data to help businesses, governments, and communities navigate uncertainty and risk. Insurance Business
• In response to the WPSC Call for Evidence: Defined Benefit pensions schemes, the Association of Consulting Actuaries is sceptical that the DB regulatory framework - without radical change - will allow open schemes to thrive. Actuarial Post
• The FRC will continue to scan the horizon to maintain a knowledge of current and emerging risks from actuarial work. Financial Reporting Council
• There are two business areas - both among the leading actuarial practices in the UK: Risk Modelling Services and People and Organisation. Check-a-Salary
• Job demand for Actuary Managers is expected to remain strong for the foreseeable future, especially in California and the West Coast states. PriceBey
• Singapore's cyber risk project relied on developing a standardized taxonomy for describing cybersecurity incidents, creating a database of cybersecurity incidents and their resulting losses, and benchmarking different models of cyber-related losses to support actuarial pricing. Lawfare
• Actuaries are essentially financial architects with experience in insurance risk. Macau Business
• Climate risk assessment has become a critical business need and societal focus, and actuaries continue to provide research and insights to manage and measure climate risk. Insurance Business

Last updated: 24 June 2025