The magazine of the Institute & Faculty of Actuaries

News

Insured losses from natural disasters fall in first half of 2018Natural disasters cost the global insurance industry approximately $21bn (£16bn) in the first half of 2018, far less than the average of $35bn recorded over the last decade. 26 July 2018
SMEs reveal appetite for more risk management adviceHalf of small and medium-sized companies (SMEs) in the UK would welcome more expert advice on the risks facing their business, research from Allianz Insurance has found. 25 July 2018
IFoA urge government to push ahead with new pensions dashboardAn online pensions dashboard could be the single most effective tool in ensuring UK adults receive an adequate income in retirement, the Institute and Faculty of Actuaries (IFoA) has said today. 24 July 2018
Eight in ten Brits fear they are not saving enough for their retirementThere is widespread confusion among British adults around the amount of money needed in retirement, with eight in ten not confident they are saving enough. 23 July 2018
One in three global insurers budget over €50m for IFRS 17 regulationApproximately one-third of global insurers now expect to spend over €50m (£45m) complying with IFRS 17 regulation, up from less than a tenth five years ago. 20 July 2018
PLSA rejects climate change law for investment decisionsThe UK's pension fund trade body has argued that new regulations governing how trustees invest £1.5trn in assets should exclude explicit reference to climate change. 20 July 2018
Car insurance premiums plummetUK drivers enjoyed the largest annual drop in car insurance prices recorded since 2015 last quarter, thanks largely to changes in the way insurers calculate personal injury compensation. 19 July 2018
Just one in 20 executive director roles held by women at UK insurance firmsThe insurance sector has yet to shake off its image as being dominated by men, with women representing just 6% of executive director positions on UK company boards. 19 July 2018
US trade wars could cut global GDP by 0.5%US president Donald Trump's tariff threats could spark a global recession if trade tensions escalate and business confidence falls, the International Monetary Fund (IMF) has said. 18 July 2018
Investment reforms unveiled to boost competition in UK pension industryPension trustees will be required to run a competitive tender when selecting their first fiduciary manager under reforms set out by the Competition and Markets Authority (CMA) today. 18 July 2018

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FEATURE

A helping hand: supporting developing countriesEvie Calcutt considers the actuary's role in helping developing countries to build decision-making capacity for financial protection against disasters.