The magazine of the Institute & Faculty of Actuaries

News

Google to dominate soaring driverless car marketThere will be an explosion in the number of autonomous vehicles (AVs) sold across the world over the next decade, with Google's subsidiary company Waymo set to dominate the market. 24 May 2018
AXA ranked top insurer for climate change leadershipFrench insurance firm AXA has been ranked the number one company in the industry for managing the financial risks associated with dangerous climate change. 24 May 2018
InsurTech investments hit record highThere were a record 66 InsurTech investment deals recorded in the first quarter of this year, with seven transactions worth more than $30m (£22m) taking place. 23 May 2018
25% increase in Brits seeking financial adviceApproximately 10% of British adults currently speak to a financial advisor about their finances a 25% increase on the number that sought guidance in 2016. 22 May 2018
UK CFOs facing highest levels of economic uncertainty in EuropeChief financial officers (CFOs) in the UK are facing higher levels of economic uncertainty than those in any other country in Europe, a new survey has found. 22 May 2018
NEST pension scheme calls on Shell to adopt climate targetsThe National Employment Savings Trust (NEST) has backed a shareholder resolution calling on oil and gas company Shell to set greenhouse gas intensity targets aligned with the Paris Agreement. 21 May 2018
New technology considered top priority for global insurance industryUpgrading technology is the number one priority for insurance companies around the world, followed by underwriting discipline, regulation and cyber security. 21 May 2018
IFoA publish changes to Actuaries' CodeThe Institute and Faculty of Actuaries (IFoA) has today published changes to its code of conduct for members following a substantive review and public consultation. 18 May 2018
Brits experience huge increase in savings needed for retirementThe amount of money that UK pensioners will need to save for a comfortable retirement has grown by three-quarters in real terms since 2002, a new study has found. 18 May 2018
Firms warned of limited insurance coverage for GDPR finesThere are just a few jurisdictions in the EU where fines imposed under incoming General Data Protection Regulation (GDPR) can be covered by insurance, with Finland and Norway the only definite exceptions. 17 May 2018

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FEATURE

A weighty matterWith obesity rates showing no signs of declining, Nay Wynn examines their effects on health, and how actuaries can factor this in when underwriting life insurance policies.