The magazine of the actuarial profession

Life insurance

Dare to be differentSteve Mills discusses free thinking, Solvency II and bow ties with Deloitte partner Andrew Smith, who was awarded a Finlaison Medal for his actuarial research 29 November 2012
Longevity and our missing 90-year-oldsBuried in the data of the 2011 Census is the discovery that there are now fewer elderly people than was previously estimated. The census data showed that there were 30,000 fewer people aged in their 90s than expected. This represents a reduction of around 15%, so what has happened to our 'missing' 90-year-olds? 28 November 2012
Singapore's solution to longevity riskXi Kun Phua demystifies the new pension system in Singapore in particular the Central Provident Fund, the Lifelong Income Scheme For The Elderly, the non guaranteed annuity payouts and the bequest option. 28 November 2012
Insurers 'must prepare for centenarians to become the norm'The insurance and pensions industries need to find a way to encourage the ageing population to save more and for longer, the director general of the Association of British Insurers said yesterday. 07 November 2012
FSA to cut life and pension projection ratesThe Financial Services Authority has revealed how it will cut the rates used to project returns on personal pensions and life insurance policies to give savers a more realistic idea of the payouts they will receive. 02 November 2012
Solvency II: rainmakers and the elements of riskThe forecast for actuaries could be gloomy, seeing them lose out to other risk professionals, if they fail to maintain a wider influence in managing risk under Solvency II. Scott Robinson reports 02 November 2012
Almost half of insurers 'not ready for 2014 Solvency II deadline'Just under half of insurers do not expect to be ready for the January 2014 introduction of the new Solvency II rules governing the European insurance industry, Ernst & Young said yesterday. 19 October 2012
Vote delay makes January 2014 Solvency II deadline 'impossible'A new delay to a key European Parliament vote means it is 'effectively impossible' the Solvency II rules governing Europe's insurance industry will apply from January 2014 as planned, KPMG said today. 12 October 2012
Bernardino 'seriously concerned' over Solvency II uncertaintyThe European pensions regulator has called on the European Commission to urgently set out out a 'clear and credible' timetable for implementing the new set of rules governing Europe's insurance industry, Solvency II. 05 October 2012
Longevity modelling: Signs of maturityLifestyle changes and healthcare advances mean that deaths owing to heart disease continue to fall. Yet inequalities have widened. Dr Madhavi Bajekal investigates what growing old means for different social groups 01 October 2012

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Actuaries in life insurance

This is a traditional area for actuaries, with the roles evolving as life insurance itself evolves. Classic roles include designing and pricing contracts, monitoring the funds required to provide the benefits promised, and recommending the bonuses to be added to with-profit policies.

Nowadays, actuaries may also provide expert advice on investment, get involved in the planning and marketing of products, and advise on strategic risk measurement - and so be involved in almost any aspect of a company's activity.

Find out more