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06

Technology to replace one-fifth of jobs in just five years

Open-access content Friday 14th June 2019 — updated 5.50pm, Wednesday 29th April 2020

Artificial intelligence (AI) and automation are expected to replace one in five jobs within the next five years, a global survey of over 3,600 IT leaders by KPMG and Harvey Nash has found.

2


This is predicted to lead to a significant reorganisation of roles across business, although 69% of the respondents expect new jobs to compensate for those that are lost.

Read the full article on our Predictions site here.


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This article appeared in our June 2019 issue of The Actuary .
Click here to view this issue

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Outdated technology ranked the top risk for insurers worldwide

Legacy IT infrastructure and business models pose the greatest threat to the global insurance sector, a poll of more then 900 senior industry experts has found.
Thursday 13th June 2019
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Public interest in social care plummets

There has been a significant fall in interest around who should pay for social care in the UK amid a “policy paralysis” widely blamed on Brexit, new research has uncovered.
Wednesday 12th June 2019
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Investors launch fresh push for climate risk disclosures

A group of investors with nearly $10trn (£8.9trn) of assets has today launched a campaign demanding hundreds of companies disclose their exposure to climate change.
Monday 17th June 2019
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Spike in work-related injury claims predicted as home workers rise

Employers could soon encounter a growing number of claims for musculoskeletal disorders (MSDs) as more people start working from home.
Tuesday 11th June 2019
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Pension giant to end tobacco investments

The UK’s National Employment Saving Trust (Nest) pension scheme has pledged to end all its investments in the tobacco industry within two years.
Tuesday 18th June 2019
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Insurance buyers warned of firming market conditions

European insurance buyers should prepare for rising rates and tightening terms and conditions after insurers suffered unprecedented losses over the last two years.
Monday 10th June 2019
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Wednesday 17th July 2019
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Half of FTSE 100 DB pension schemes could buyout by 2028

More than half of the UK’s 100 largest listed companies will be able to buyout their defined benefit (DB) pension scheme within 10 years, research by Barnett Waddingham has found.
Monday 1st July 2019
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Friday 28th June 2019
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COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
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Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
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Grim economic forecasts made as countries lockdown

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Tuesday 24th March 2020
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