The Labour Fund, Tamkeen, has signed partnership agreements with 5 leading insurance companies in Bahrain to train and employ Bahrainis in the field of actuarial sciences, to prepare them for quality careers in the insurance sector and increase the Bahrainisation rate in this specialty.
The Australian Actuaries Climate Index recorded the third highest index value in Spring 2022 since the Index was created. This was primarily driven by extreme rainfall, especially in the south-eastern parts of the country, according to a report by the Actuaries Institute.
The Actuaries Institute has warned in a report that there are some low probability but plausible scenarios that involve a significant recession within the next 15 years. These scenarios involve policymakers veering off course and burdening businesses and the public with stagflation, mismanaging a collapse in house prices, or excessive government spending.
The IRDAI has spelt out requirements regarding actuaries to be hired by insurance companies.
While AI promises faster and smarter decision making, safeguards are needed to prevent potential discrimination according to the Australian Human Rights Commission (AHRC) and the Actuaries Institute of Australia.
The President of the Vietnam Insurance Association (VIA) has signed a decision to promulgate a Code of Conduct for the actuarial profession.
The Insurance Council of Australia (ICA) has said that the Federal Budget, announced on 25 October, has laid the foundations for a significant and bold new start to the approach taken by governments to improve community and household resilience to worsening extreme weather.
Oliver Wyman, a global management consulting firm and business of Marsh McLennan, has established a new actuarial practice in Hong Kong for the Asia Pacific region.
Saudi Arabia needs large insurance companies capable of providing new services in the Kingdom, according to Minister of Finance Mohammed Al-Jadaan.
The Financial Regulatory Authority (FRA) has formed a joint actuarial committee with the Insurance Federation of Egypt to tackle climate change, Mr Hesham Ramadan, assistant to the FRA chairman said.