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

• 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
• Insurance barriers remain: USDA is required by law to ensure that crop insurance is actuarially sound, so there are additional barriers linked to concerns about the impact that some practices associated with cover crops could affect the yields of insured crops. Agri-Pulse Communications, Inc.
• In New Year 2022, there will be more off-the-shelf technology that will be used by subject matter experts such as product managers, actuaries, and risk managers. AIthority
• The Bureau of Labour Statistics project that employment of actuaries is expected to increase by 20% between 2018 and 2028, which is deemed to be faster than other occupations. CSC
• In the United States alone, the Bureau of Labor Statistics anticipates a 20% surge in Actuarial Science jobs by 2028. Scholarships To Study Abroad
• In the US alone, the Bureau of Labor Statistics expects a 20% increase in Actuarial Science jobs by 2028. Online Studying Services
• Actuaries are in high demand and play a crucial role assessing risks and helping formulate insurance policy for companies such as Cigna. Insurance Business New Zealand
• Demand-Supply Statistics According to experts, there will be a 20% increase in the demand for actuaries globally in the coming decade. The Times Of India
• At the onset of second wave of COVID-19, the Insurance Regulatory & Development Authority of India indicated that India will need more than 1200 actuaries due to the growing demand for insurance policies. The Times Of India

Last updated: 16 April 2024