Actuarial Skills Travel Well but immigration regulations are being updated frequently.
If you are considering moving abroad it is important to ensure that you are aware of the various procedures that need to be followed when applying for international visas and work permits.
To help you we have created a list of links to the relevant pages of international immigration websites.
Posted in Australia, China, France, Great Links, Immigration, India, International, Ireland, Malaysia, news, South Africa, UK, USA
GAAPS Actuarial is delighted to present our 6th Annual Faith Calendar.
The dates of the major festivals for various religions have been highlighted for you.Why not use it to ensure that your meetings and events don’t clash with key dates and when your colleagues or customer base may be unavailable?
It will be a pleasure to forward you a printed copy upon your request.
From everyone at GAAPS…
A happy, healthy and prosperous New Year!
Posted in Great Links, International
Tagged 2011, Calendar, Faith calendar, Religion
The Casualty Actuarial Society, The Institute and Faculty of Actuaries and the Institute of Actuaries of Australia have joined forces to produce a global ratemaking survey.
The goal of the survey is to gain a better understanding of current property/casualty ratemaking practices, techniques and skills throughout the insurance community.
They are keenly interested in responses from actuaries with experience in property/casualty ratemaking, and also encourage you to share the attached survey with your non-actuarial colleagues involved in the pricing decision-making at your firm.
Posted in Actuarial Societies, Australia, Casualty Actuarial Society (CAS), Great Links, Insights, Institute and Faculty of Actuaries, Institute of Actuaries of Australia, International, Property and Casualty / Non-Life / General, UK, USA
Tagged CAS, Casualty Actuarial, Casualty Actuarial Society, General insurance, Institute and Faculty of Actuaries, Insurance, International, Non-Life, Property / Casualty, Survey
The Australian Government has released the final report of the Cooper Review into the governance, efficiency, structure and operation of Australia’s Superannuation System.
The review was commissioned in May 2009 to provide recommendations on how to make superannuation simpler, safer and more efficient.
Key points that are likely to be of interest to actuaries include:
Commissions based on insurance in Super Commissions will be banned on all insurance products in super.
There will be a ban on self insurance other than for defined benefit funds.
There are new capital requirements for super funds.
APRA is being given increased powers.
There are minimal changes to SMSFs.
A Code of Trustee Governance is proposed as nearly all the issues looked at in the Review link back to trustee governance in some way or other.
Standard product and investment reporting and detailed financial and operational info on websites.
MySuper should be a whole of life product and include a retirement phase.
Risk Management on Liquidity is being increased.
There are several recommendations for Defined Benefit plans.
The full review can be downloaded here.
In 2006 the Employment Equality (Age) Regulations in the UK made it unlawful to discriminate against workers, employees, job seekers and trainees because of their age. So, four years on, where are we now? There has definitely been increased awareness of the legislation, but more is needed.
In this month’s Actuary Magazine, Hannah Kaye and Sima Varsani discuss what you can and cannot say when advertising actuarial jobs.
You can read the full article here and we hope that it will help you avoid some of the more common traps.
Posted in Articles, Great Links, news
Tagged actuarial, Actuaries, Actuary, Actuary Magazine, Age discrimination, Age discrimination legislation, Articles, Legal, Legislation, recruitment, UK
The Institute and Faculty of Actuaries have released a revised merger package and have announced that the merger vote will be held at 1700 on 25 May 2010.
The key elements of the merger package include:
A document detailing the case for the merger has been published by The Actuarial Profession and sets out the Joint Council’s thinking and analyses the four main options under consideration:
The microsite for information about the joint proposal is www.actuarialmerger.com it includes statements both in favour and in opposition to the merger.
Posted in Actuarial Societies, Great Links, Institute and Faculty of Actuaries, news, UK
Tagged actuarial profession, AFA, AIA, Faculty, Faculty of Actuaries, FFA, FIA, Institute, Institute of Actuaries, Merger, Vote
In a world increasingly dominated by technology, it can be easy to forget the most fundamental thing. From pensions to insurance, investment to broking, the single most important asset of any company is the same as it has ever been. The human factor.
In his blog, Aaron Dodd discusses the importance of face-to-face contact and how it is integral to building strong relationships with clients.
At GAAPS we have always said that “It’s not just who you know, it’s how well you know them” and we always do whatever is necessary, not only to match the candidate to the career, but also the personality to the working environment.
The American Academy of Actuaries (AAA) has warned that the Healthcare Reform Bill contains language that “precludes data collection and aggregation across companies, limiting competition” potentially leading to a rise in premiums.
In general, as a condition of being licensed, property/casualty insurance companies are required to designate an entity to which they will report data for subsequent analysis.
These analyses of aggregated data serve several purposes and for some types of coverage, any single company’s own data, even for relatively large companies, is often insufficient to determine basic loss costs in multiple markets or to determine reasonable charges. Clarification of the legislation is needed as the bill does not specify what loss data may be collected and it is unclear about what actuarial activities are allowable
Posted in Great Links, news, Property and Casualty / Non-Life / General, USA
Tagged AAA, Healthcare Reform, Insurance premiums, USA
