Long-held paradigms are being challenged every day in the actuarial profession, by technological changes and changes in the dynamics between institutions and geopolitics, according to Singapore Actuarial Society President Alex Lee.
Over the past few years, regulators have taken action in the life insurance industry-modifying critical illness definitions, adjusting war and pandemic coverage, and occasionally mandating the inclusion of specific benefits in products.
The range of different life expectancies for populations in APAC presents significant longevity risk for life insurers, according to Canada Life Re's Senior Longevity Risk Solutions Actuary Niall Quinn.
Singapore Actuarial Society President Alex Lee has called on actuaries to invest time and energy to study human and physical history properly, explore alternative views of risk and optimise their work for long-term survival.
As part of a broader plan to liberalise foreign insurer access to Kazakhstan, the country is considering lowering barriers to entry.
Through the years, actuaries have kept redefining what it means to take risk: they price new risks, reserve for risks already underwritten and set aside capital to withstand extreme events.
The actuarial profession will need to evolve as Singapore and Asia face a world of increasingly complex, interconnected and consequential risks, according to Mr Alvin Tan, a Board Member of the Monetary Authority of Singapore who is also Minister of State, Ministry of Foreign Affairs and Ministry of National Development.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has stipulated that an actuary may undertake the duties of a Responsible Actuary for a maximum of three companies for the same period within a calendar year.
The Moroccan Insurance Federation (FMA) has launched a consultation exercise to conduct a study on the analysis and strengthening of the role of insurance experts in the Moroccan insurance sector.
The number of actuaries in Egypt reached 50 individuals as of 31 March 2026, compared to 46 experts compared to 12 months previously, according to the Financial Regulatory Authority's report on the technical performance of non-banking financial activities.