The Ministry of Human Resources and Social Security (MoHRSS) has listed the profession of actuary in its latest National Directory of Occupational Certification and Licensing, lifting the status of the profession dubbed as a "golden collar" career for the high remuneration that it commands.
The Actuaries Institute's Climate Index shows that 42 of the last 43 seasons recorded extreme weather, including high or low temperatures, high rainfall, strong wind, dry days or rising sea levels.
Zimbabwe's insurance sector is in the process of developing mortality tables that are specific to the country, a significant departure from the South African developed tables that do not correctly depict the mortality experience for Zimbabwe, says international professional services firm KPMG in a recent report that highlights the changes taking place in the sector.
The IFoA Foundation, the independent charitable arm of the Institute and Faculty of Actuaries, is expanding its scholarship programme in China and South-East Asia (CSEA).
Australia continued to see significantly lower deaths from flu and other respiratory illnesses in the month of July 2021 and the year to July, a trend first set when Australians began to lock down at the beginning of the COVID-19 pandemic.
Two actuaries have developed a skill and capability checklist to help Australian insurers and banks appoint directors with the right qualifications to prevent misconduct uncovered by the recent Hayne Royal Commission.
The IRDAI has formed a six-member committee to review regulations covering appointed actuaries, the insurance regulator says in a notice.
The China Association of Actuaries (CAA), the Insurance Association of China (IAC), and China Banking and Insurance Information Technology Management Co have issued jointly the "Tables of Accidental Injury Incidence Rates in China's Insurance Industry (2021)".
The first Egyptian actuarial life table is scheduled to be implemented next July, which is the first month of the next fiscal year, according to Mr Hesham Ramadan, assistant to the chairman of the Financial Regulatory Authority (FRA) who is also chairman of the Egyptian Committee for the Establishment and Study of Actuarial Tables.
The Actuaries Institute will develop a policy position statement with Institute members on the studying of mathematics in Australian schools, and will call on state and federal governments to review public policy so as to introduce changes.