The Actuaries Institute is calling for the annual Superannuation Performance Test to transition to a two-metric Test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
Bangladesh is lagging in providing insurance education because of a reluctance among students to pursue insurance studies, educators say.
The Actuaries Institute has identified barriers that must be overcome as the focus of superannuation policy development moves more strongly to support Australians in their retirement.
Australia should reimagine its retirement ecosystem so people can easily access targeted support to plan their futures and fund their lifestyles by having greater work flexibility and access to equity in their homes, if they can and wish to do so, a paper published by the Actuaries Institute says.
The Actuarial Association of Sri Lanka (AASL) is organising its third South Asian Actuarial Conference (SAAC 2023).
The Financial Services Authority (OJK) has said that there were still 27 insurance and reinsurance companies in Indonesia that did not have actuaries as of 9 October 2023, even though there were less than three months for these companies to submit their requests for a fit and proper test to the OJK for an appointed actuary by the end of this year.
The demand for actuaries in Kenya is projected to expand following the implementation of the International Financial Reporting Standard 17 (IFRS 17), the Insurance Regulatory Authority (IRA) has said.
The National Administration of Financial Regulation (NAFR) and the Ministry of Human Resources and Social Security issued jointly the "Regulations on the Professional Qualification of Actuaries" and the "Implementation Measures for the Professional Qualification Examination of Actuaries" (hereinafter referred to as "" Qualification Regulations, "Implementation Measures"), which took effect on 17 July 2023, the date of promulgation.
The Financial Services Authority (OJK) has noted that there are still 30 insurance companies in the country which have yet to hire actuaries.
The Indian government has started looking for suitable candidates to fill the positions of two members - Finance and Investment and Actuary - for the IRDAI) nearly six months in advance.