Diversity is a topic that has been at the forefront of insurance board agendas in recent years. With many industry leaders working hard to raise awareness around the careers and opportunities women have within the insurance industry.Continue reading
Longevity risk is a major global issue that needs to be addressed as the repercussions are significant.
Longevity is the potential risk associated with the growing life expectancy of pensioners, meaning that people are not saving enough for retirement and outliving their assets. As a result, this leads to higher than expected pay-out-ratios for many pension funds and insurance companies.
Being highly aware of the issue and having worked in the actuarial space for over 16 years, I reached out to my strong network of industry leaders to get their stance on how longevity risk might be better mitigated.
And this is what they thought...
A fortnight ago I wrote a blog regarding Brexit and the impact it might have on the Insurance Market, arguing that on balance "Remain" seemed like the most viable option for individuals within the insurance industry. The response I received from my connections both on LinkedIn and through the comments section on our blog was intriguing - not only in terms of volume, but also the number of individuals who challenged the conclusions I’d drawn. These were highly skilled, highly qualified insurance professionals, who I’d assumed would all be in agreement with my current thinking. With this in mind, I decided to revisit my thoughts and realised for the first time since the referendum was announced that leaving the EU might not be Armageddon.Continue reading
The people of the UK have less than three weeks to decide if we should remain a member of the European Union or not. Working both for a European business and closely with European clients, this is something that both impacts and interests me in my personal and professional life. As an insurance recruiter I have always worked with clients across the EU and taken for granted the opportunity and flexibility this brings.Continue reading
Solvency II went live earlier this year after 10 years of preparation and over £3bn in UK insurance investment. The deadline to implement Solvency II across the EU was January 1st 2016 and the objectives of this legislative change were to improve consumer protection, modernise supervision, deepen EU market integration and increase the competitiveness of EU insurers.
Although it's too early to tell whether this legislative change has had the intended impact, we spoke to more than 40 insurance experts to gauge their reaction to the implementation of Solvency II so far and what effects it was having on the insurance industry as a whole.Continue reading
Moving into the interim actuarial world can be both exciting and lucrative, with greater job flexibility and more varied work being just a couple of the benefits. But if you’re a current permanent employee and have considered the interim path, what’s the best way to get started as an interim actuary?Continue reading
I first started working with actuarial contractors in late 2006. At the time the main skill-set in short-supply was for actuarial modellers, as large projects such as Heritage (Aviva) and Reed (Legal and General) were in their infancy. Then Solvency II hit the market like a regulatory freight train resulting in the market almost tripling overnight, the like of which I had not seen since 2000 when the pensions review was at its height.Continue reading