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What Hollywood really thinks about actuaries

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It’s rare to see an actuary depicted in a Hollywood film. Unlike “international spy” or “hard-charging police detective,” it’s not a profession that easily inspires an action-packed screenplay. So for an anonymous writer called The Secret Actuary, the few appearances (or even mentions) of actuaries in movies have provided a unique sense of satisfaction. From […]

Why demand is increasing for actuarial consultants

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From inefficient IT systems to increased regulatory scrutiny, insurers are up against big challenges—which creates a wealth of opportunity for actuarial consultants. In the UK, for example, about 60% of life insurers plan to increase their spending on consultants in the coming year and 54% are looking to switch to new consultants. Which specialties will […]

Cyber attacks, personal liability are top fears for senior managers

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Since the implementation of the General Data Production Regulation (GDPR) in European markets earlier this year, executives’ fear of cyberattacks and data loss has risen dramatically. In fact, say researchers at Allen & Overy, more than half of business leaders say they’re “very” or “extremely” concerned about such risks. Perhaps even more concerning is the […]

How Munich Re is reinventing reinsurance

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When a natural disaster strikes and insurers are paying out billions in claims, who insures the insurers? In the aftermath of this year’s Hurricane Florence, many turned to Munich Reinsurance Company, commonly referred to as Munich Re. While Munich Re has been in business since the 1880s, they’ve recently become one of the most high-tech […]

How one actuary is leveraging predictive analytics to change the game

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Benefits consulting companies have been trusted for years to advise on ways to lower retirement liabilities. But increasingly, those companies are also being asked to deliver detailed analytics, which is why healthcare actuary Chuck Bloss started a new company that can deliver those insights. What role can predictive analytics play in shaping the future of […]

How risk managers can help fight counterfeiters

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Most consumers are aware of counterfeit luxury goods: knock-off versions of designer handbags, footwear or jewelry. But one of the fastest-growing counterfeit markets is food. In recent years, regulators have identified counterfeit versions of honey, beef, cooking oil and even baby food. In the full article at Strategic Risk, learn how risk managers can analyze […]

5 easy ways actuaries can evolve their skills

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It’s a hot topic at industry conferences, online and anywhere actuaries gather: where is the actuarial profession headed? With automation poised to revolutionize the industry, many actuaries fear losing their relevance or having their skills replaced by technology. But fear not, says CEO and executive recruiter Lewis Maleh. He says actuaries can adapt to a […]

Rising mortality rates present a challenge for actuaries

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After decades of improvement in life expectancy, researchers say that rates now appear to be leveling out. In fact, according to data from the U.K., mortality rates in 2018 are actually rising when compared to the previous year. Experts blame a number of factors, including ineffective influenza treatments and lower government spending on healthcare. What […]

Insurers consider a future without cash

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As consumers continue to prefer credit cards over cash—and cryptocurrencies grow in popularity—we’re approaching a future where cash may not exist. While this shift could provide more transparency and make it harder to commit criminal acts, it’s not without its risks. With financial transactions going completely digital, there will be a greater need for security […]

The Big Impact of Electronic Medical Records

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Nearly ten years after the passage of the American Reinvestment & Recovery Act that modernized infrastructure, electronic medical records (EMRs) have become standard. In fact, over 99% of hospitals and 60% of office-based physicians now rely on EMRs. How can the medical industry make it easier for patients to access their own medical records? And […]