The Government has just published a 243 page document providing a full review of the recommended shortage occupation lists for the UK and Scotland.
Chapter 7 gives The recommended UK shortage occupation list and Page 207 lists:
Qualified actuary working in the life assurance, general insurance, and health and care sectors, etc;
Please be aware that The Professions definition of Qualified Actuaries includes Associates as well as Fellows.
As you can see the listing is ambigous in the use of the word – “etc”.
Updates will be posted to The GAAPS Blog once matters are clarified.
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Posted in Immigration, Institute and Faculty of Actuaries, Life, news, Pensions, Property and Casualty / Non-Life / General, Risk, Solvency II, Trustees, UK, Wider Fields
Tagged Shortage Occupation Lists, UK Border Agency
The Institute and Faculty of Actuaries has drawn up a new coat of arms.
It incorporates some elements of the former coats of arms for the Faculty and the Institute. The new arms features the woolsack as a reference to Staple Inn, the hour glass and the wavy line as a reference to mathematical analysis, and the owls as supporters.
The arms will need a new motto. One suggestion has been “E Peritia Ratio” which broadly means “reason from experience” to indicate how actuaries use past experience to reason solutions for their clients.
The Council of the Institute and Faculty and Actuaries would like to hear suggestions from members about possible mottos. Please email your suggestions by 17.00 on 17 September to firstname.lastname@example.org
The UK Actuarial Profession has won formal approval to award the new Chartered Enterprise Risk Actuary (CERA) qualification for actuaries with unanimous support from the CERA Treaty Board.
The Profession’s ST9 exam will be the basis for CERA status awarded by the UK Profession, and could also be used in the future by other national actuarial associations.
The qualification is designed to equip actuaries to fulfil roles such as chief risk officer. Importantly for complex financial institutions it covers individual risk categories and how they interact. In preparation for Solvency II and Basel III the qualification requires understanding of how to measure, model and manage risks and how economic capital can be best applied.
The first new UK qualifiers will be announced on 17 July with the first qualifiers in Australia shortly thereafter.
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We would like to wish ‘Good Luck’ to everyone who is waiting for the results of the later parts of the Actuarial exams this week, and especially to all those of you are hoping to qualify.
The results will be published on The Actuarial Profession website from Thursday evening.
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.
Search for International Actuarial Insurance Jobs
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