Actuary News
Actuarial News through 2011 by Claude Penland, Actuary - ClaudePenland.comJan 13, 2011
See ClaudePenland.com. Includes Technical News, Actuarial Careers, Actuarial Jobs, Regional News, Global News, Regulatory News, Reinsurance, Actuaries in the News, Salaries, Professional Questions, Other Actuarial News and Wrap Up.
Predictive Analytics, Modeling News and Trends Presentation by Claude Penland, ActuaryDec 31, 2010
See ClaudePenland.com, this Predictive Analytics, Modeling News and Trends Presentation covers predictive analytics, modeling news and trends, including new developments, interesting applications, data dilemmas and changes, investment, employment trends, conferences and other timely information.
Bermuda Reinsurance and Insurance News, Trends at Year-End from Claude Penland, ActuaryJan 05, 2011
Bermuda Reinsurance and Insurance News, Trends at Year-End from Claude Penland, Casualty Actuary. See ClaudePenland.com for additional news.
Reinsurance News, Trends, Analysis, Mergers, Acquisitions Presentation from ReinsuranceTrends.comJan 05, 2011
Year-End 2010 Reinsurance News, Trends, Information, Analyses, Future Considerations, Mergers, Acquisitions, Startups and Wrap Up. See ReinsuranceTrends.com and ClaudePenland.com, from Claude Penland, Casualty Actuary.
Tron 1982: Actuarial ProgramJan 15, 2012
Ram was an actuarial program who "worked for a big insurance company" before being captured by the MCP and forced to play on the Game Grid. While held captive, he met Tron and became one of his friends. **** Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
10 Emerging Risks for Insurers and Reinsurers by Claude Penland, Actuary (InsTrends.com)Feb 15, 2011
Emerging Risks for Insurers and Reinsurers, including Infrastructure, Nanotechnology, Space Weather and Municipal Bankruptcies. See InsTrends.com.
111 Twitter Feeds for Insurance and Reinsurance Professionals, by Claude Penland, ActuaryFeb 22, 2011
111 Important Twitter Feeds for Insurance and Reinsurance Professionals. Insurance Periodicals, Columnists, Catastrophe Risk, Reinsurance News and Actuaries (Actuarial Analysts). If you are on Twitter and you are in the insurance business, these are 111 Twitter feeds that you will probably want to follow to stay on top of industry news. Also see ClaudePenland.com.
Actuarial StudiesAug 27, 2010
An actuary formulates insurance policies and calculates the premium to be charged from a policy holder
CalPERS Makes Madoff Proud - Kicks The Can Down The RoadFeb 01, 2011
This is video of a CalPERS Senior Pension Actuary, Kung-pei Hwang presenting to the Huntington Park City Council on how CalPERS is underfunded and why the cities pension costs will be rising. Notice in the video how CalPERS keep changing its assumption to hide losses. Because of losses in 2008-2009 CalPERS assets are 50% below what the actuarials expected. In otherwords, we California taxpayers are screwed and about to get more screwed. With CalPERS, the employee contribution amount is fixed but the employer amount varies so the risk to the plan is borne by the employer (city, county, state). 1. CalPERS COSTS TO CITIES SKYROCKETING NEXT YEAR, BONDHOLDERS BEWARE - The current rate of return assumption CalPERS is using is 7.75% compounded annually. However, CalPERS board is working on a new asset allocation policy based on a meeting last week with investment professionals. The new return assumption rate will be lower and announced in February 2011. For every ¼ point CalPERS lowers its investment return assumption, the city or county or state cost will go up 2 % in one of two categories of contributions it must pay into and 4% in the other. In other words, the burden on cities, counties, and the state is about to balloon come Spring. If the rate is lowered to Bill Gross's "new normal" rate of return of 4% that would mean a city or county would have to pay over 22% MORE in contributions. A sum sure to sink many cities and maybe a few counties. If the return assumption gets ...
10 Influenza Pandemic Models Modeling by Claude Penland, ActuaryFeb 16, 2011
Models from the Society of Actuaries, Risk Management Solutions, Military Science, Milliman, INFORMS, Los Alamos, VirSim, open source alternatives and others are discussed.
Predictive Modeling for Actuaries by Claude Penland, Actuary, see PredNews.comFeb 16, 2011
See PredNews.com. This predictive analytics presentation will provide eight examples of strong industry presentations and articles where actuaries (actuary) can apply predictive modeling to life insurance, property and casualty insurance and health insurance / actuarial data.
Pension Risk Info, Trends, News at PensionRiskNews.comDec 28, 2010
Pension risk news and trends through the beginning of 2011. Presentation also covers new companies, mergers and acquisitions, growing firms, personnel changes and other pensions information.
40 Insurance Trends for 2011, by Claude Penland of InsTrends.comFeb 15, 2011
Forty Insurance Trends are Considered, including Healthcare, Takaful, Microinsurance, Asset Quality, Emerging Risks, Insurance Job Losses, Predictive Analytics Use, Health Plan Grandfathering and Other Insurance and Reinsurance Trends. See InsTrends.com, ReinsuranceTrends.com and ClaudePenland.com.
Insurance Mergers and Acquisitions at ClaudePenland.com, Compiled by Claude Penland, ActuaryDec 28, 2010
Second half 2010 (third quarter and fourth quarter) insurance and reinsurance mergers and acquisitions are covered. See WhoBoughtWho.com and ClaudePenland.com for additional information, news and trends.
CBIZ Acquires the Defined Benefit Actuarial Consulting Practice from PSA Insurance and Financial Services
CLEVELAND, Dec. 22, 2011 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) today announced that it has acquired the defined benefit actuarial consulting practice of PSA Insurance and Financial Services of Hunt Valley, MD., effective November 1, 2011. PSA continues to provide defined contribution plan services to its clientele.
The defined benefit actuarial consulting book of business recorded approximately $1.2 million in revenue during the past twelve months and includes four associates servicing the business.
Steve Gerard, Chairman and CEO of CBIZ, stated, "The acquisition of the defined benefit actuarial consulting practice of PSA is a great cultural fit and business model for CBIZ and complements our existing retirement planning practice in ...
CBIZ Acquires the Actuarial and Retirement Plan Consulting Practice of PSA Insurance and Financial Services
CLEVELAND, Dec. 21, 2011 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) today announced that it has acquired the actuarial and retirement plan consulting business of PSA Insurance and Financial Services of Hunt Valley, MD, effective November 1, 2011.
The actuarial and retirement plan consulting book of business recorded approximately $1.2 million in revenue during the past twelve months and includes four associates servicing the business.
Steve Gerard, Chairman and CEO of CBIZ, stated, "The acquisition of the actuarial and retirement plan business of PSA is a great cultural fit and business model for CBIZ and complements our existing retirement planning practice in the Mid-Atlantic."
CBIZ, Inc.
Paul Fleischacker Appointed Chairperson of the Actuarial Board for Counseling and Discipline
WASHINGTON, Dec. 15, 2011 /PRNewswire-USNewswire/ -- Paul Fleischacker will begin his term as chairperson of the Actuarial Board for Counseling and Discipline (ABCD) on Jan. 1. He was appointed to the post by the Council of U.S.
Robert Meilander Appointed Chairperson of the Actuarial Standards Board
WASHINGTON, Dec. 15, 2011 /PRNewswire-USNewswire/ -- Robert Meilander will become chairperson of the Actuarial Standards Board (ASB) on Jan. 1. He was appointed to the post by the Council of U.S. Presidents, a committee comprised of the presidents and presidents-elect of the five U.S.-based actuarial organizations.
Manulife reports third quarter loss of $1,277 million; Hedging performed as expected and business growth was strong, but reserve strengthening for equ
TORONTO, Nov. 3, 2011 /PRNewswire/ - Manulife Financial Corporation ("MFC")
today reported a net loss attributed to shareholders of $1,277 million
for the third quarter ended September 30, 2011, with strong operational
results and continued progress on hedging being more than offset by
reserve strengthening associated with annual actuarial basis changes
and the substantial declines in equity markets and interest rate
levels. The markets experienced exceptional equity market volatility
and were impacted by monetary policy actions that lowered long-term
treasury rates in the U.S.
Career in Actuarial science
Education sector is growing at a great pace and constantly adding to the growth of the country. The sector of education is always in the stage of development, due to adoption of new techniques and education forms from the foreign countries. The students are always in the search of new fields, which could add to their skills and explore their opportunities in one or the other productive ways. The main aim of getting educated for a student is to earn a respectable amount of salary and frame for himself a bright career route leading to prosperous future. The school and college education these days, are also aimed at the growth of the students. Many new career prospects are coming and grabbing the interest of a large number of students.
Actuarial Report Shows 21st Services’ Actual-to-Expected Ratio Is the Most Accurate Yet Reported in the Industry at 98.1%
21st Services, a leading provider of life expectancy evaluations to the life settlements industry, has announced that its latest independent actuarial report shows the actual-to-expected ratio on its LE evaluations is 98.1%. The ratio reflects the reliability of the company's life expectancy predictions.
S. Michael McLaughlin Takes Office as 61st President of the Society of Actuaries
The Society of Actuaries announces that S. Michael McLaughlin, FSA, CERA, MAAA, FIA, is the 61st president of the SOA. He assumed this role at the recently concluded Annual Meeting, attended by over 1,900 participants, in Boston. McLaughlin will focus on enhancing communications with all stakeholders - members, candidates, employers and recruiters throughout North America.
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