The magazine of the Institute & Faculty of Actuaries

News

Growing digital skills gap identified within global insurance industryInsurers are increasingly unable to find the right staff, with just one-quarter of workers in the sector prepared to use artificial intelligence (AI) systems. 16 May 2018
Insurance brokers failing to understand cyber risksNearly one-third of UK insurance brokers admit to having a poor understanding of cyber risks, despite the majority recognising the issue as one of the most important facing the industry. 16 May 2018
Pension saving not considered a financial priority by UK workersRetirement saving is only the seventh most important financial concern for employees in the UK, with leisure and general household costs among the top priorities. 10 May 2018
IFRS 17 to be more costly than Solvency IIThe overwhelming majority of UK insurers believe the incoming reporting standard IFRS 17 will be more costly than the Solvency II directive, new research has found. 09 May 2018
Europe's largest insurance company ends coverage for coal projectsAllianz has announced today that it will no longer offer stand-alone insurance coverage for coal power plants following intense pressure from environmental groups. 04 May 2018
Financial firms face spike in data privacy requestsFinancial services companies are the most likely firms to be targeted for privacy requests following the introduction General Data Protection Regulation (GDPR) next month. 03 May 2018
Millions of Brits underestimating their life expectancy by a decadeMillions of UK adults aged 40-54 are underestimating how long they are likely to live by around a decade, leaving their financial security at risk in later life. 03 May 2018
Insurance leaders call for action to address 'worrying' employment gapInsurers are struggling to attract young workers as senior staff head into retirement, with decisive action needed to tackle an employment crisis facing the industry. 02 May 2018
Knowledge hub launched to help firms report climate risksThe Task Force on Climate-related Financial Disclosures (TCFD) has today launched an online platform providing guidance for businesses looking to report accurate climate risks to investors. 01 May 2018
UK private pension deficit nearly halves in a yearThe combined deficit of defined benefit (DB) pension schemes in the UK's private sector has almost halved in the last 12 months, according to a monthly index by JLT Employee Benefits. 01 May 2018

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FEATURE

Signposts to success from Michael GreenMichael Green talks to Gemma Gregson about the Social Progress Index, explaining how it can benefit society and monitor progress against the UN's Sustainable Development Goals