Actuarial News from ClaudePenland.com, Actuary

1
Actuarial News

• A Presentation by Claude Penland,
• Associate of the Casualty Actuarial Society
• www.ClaudePenland.com

2
Topics We Will Cover

• Technical News
• Actuarial Careers
• Regional News
• Global News
• Regulatory News
• Reinsurance

• Actuaries in the News
• Professional Questions
• Other Actuarial News
• Wrap Up

3
Technical News

• Catastrophe Risk Trends PowerPoint Presentation
  http//bit.ly/eYGnM7
• Predictive Analytics, Modeling News and Trends
  Presentation http//bit.ly/gn4lWf
• Pension Risk Trends, News and Info Presentation
  http//bit.ly/fHVdcC
• Takaful and Retakaful Trends PowerPoint
  Presentation http//bit.ly/hRRNt2

4
Technical News, Two

• Lifetime Income Options, including Annuities,
  discussed regarding 401(k)s http//bit.ly/agP6ZR
• Actuary discusses Modeling Loss Reserve Risk
  http//bit.ly/d4b18N
• Emerging Risk in Life Insurance, A New Approach
  for Actuaries http//bit.ly/ifWpki
• Government-issued longevity bonds as an insurance
  trend to watch http//bit.ly/c2uyuU

5
Technical News, Three

• Healthcare receivables securitization trends
  http//bit.ly/br7E5e
• SCOR Global Risk Center Launched at
  SCORGlobalRiskCenter.com http//bit.ly/fevvsB
• Casualty Actuarial Society Meeting Presentations
  Database Online http//bit.ly/eRC8vv
• Competitive Market Analysis of Auto Insurance
  Companies http//bit.ly/ezsTa8

6
Technical News, Four

• Open Source Insurance Loss Simulation Model
  Released by the Casualty Actuarial Society
  http//bit.ly/aVBmpJ
• Nyhart Actuaries Design New 401(k) Plan
  http//bit.ly/ebC3aU
• Medical Malpractice Costs to Increase a Bunch,
  Premiums to Follow http//bit.ly/9JpokX
• Annual Retiree Healthcare Costs in New Jersey for
  State Employees to double http//bit.ly/cnjkqs

7
Actuarial Careers

• The C-Level Actuary How Did Actuaries Get Beyond
  Their Actuarial Jobs? http//bit.ly/h8S2ZC
• Will the CERA become the gold standard for risk
  management? http//bit.ly/fZykhU
• Classroom Guide for Actuaries Published by the
  Actuarial Foundation http//bit.ly/efCgRW
• Actuarial Careers Named One of Fifty Best Careers
  for 2011 http//bit.ly/fmxvU3

8
Actuarial Jobs, Two

• A Comparison of Three Disciplines Insurance
  Salary Surveys Medians, C-level
  http//bit.ly/97Fn3q
• There are almost no unemployed experienced
  actuaries http//bit.ly/9XsZUH
• Actuarial Science very, very popular major among
  Overseas Students in the US http//bit.ly/dvmdyD
• Actuarial Intern discusses her Actuarial
  Internship at Allstate http//bit.ly/batjam

9
Actuarial Jobs, Three

• Actuarial Jobs are too hard to fill, say
  recruiters http//bit.ly/fsK8eU
• Actuarial Students sought by the Casualty
  Actuarial Society http//bit.ly/bzUolD
• Lloyds Managing Agents hire 126 actuaries.
  Solvency II a major reason. http//bit.ly/aefIq8
• Solvency II expected to create 250 actuarial
  jobs in Ireland http//bit.ly/bOIu7E

10
Actuarial Jobs, Four

• Captive Insurance Jobs up in Vermont
  Accountants, Actuaries, Lawyers
  http//bit.ly/a1lBIC
• Actuaries and risk analysts working in virtual
  economies? http//bit.ly/eUQRCT
• States individually plan to hire actuaries to
  review health rates http//bit.ly/bJBuEd

11
Regional News North America

• Actuarial Obesity Study of Canada and United
  States Estimates 300 Billion Economic Cost
  http//bit.ly/ggdhhB
• US Social Securitys Future http//bit.ly/fYKklC
• Michigan State University Adds Actuarial Science
  Degree http//bit.ly/eQxHgr

12
Regional News North America, Two

• Potential Pandemic Price Pegged by Society of
  Actuaries at up to 290 billion
  http//bit.ly/cZAHtH
• 10 Barriers to Retirement Planning Advice
  Identified by the Society of Actuaries
  http//bit.ly/gLLflj

13
Regional News Europe

• 108 European Insurance and Reinsurance News
  Highlights, Trends http//bit.ly/fjhc8J
• Check Out the 51 Billion Windstorm Europe Will
  Need to Prepare For Under Solvency II
  http//bit.ly/dyepBM
• UK Actuaries funding Enterprise Risk Management
  Projects http//bit.ly/cgDkyx

14
Regional news Europe, Two

• UK Charities with compulsory pension enrollment
  might have problems http//bit.ly/9vgCLe
• New United Kingdom Actuarial Motto
  http//bit.ly/a35KME
• Pirate Attacks Make Risk Estimation Difficult,
  say UK Actuaries http//bit.ly/bA8sb4

15
Regional News Bermuda

• Bermuda Insurance Reinsurance Stories and
  Transactions, PowerPoint Presentation
  http//bit.ly/fCkeiP

16
Regional News Asia

• 17 Highlights from the Insurance Market in India
  http//bit.ly/erihuQ
• Indias Regulator tells 24 Property Casualty
  Insurers to Hire More Actuaries
  http//bit.ly/fZ1tJV
• Institute of Actuaries of India Aims to Expand
  into South Asia and Asia Pacific
  http//bit.ly/a2xybk

17
Regional News Asia, Two

• China and Hong Kong PowerPoint Presentation,
  Insurance Wrap Up http//bit.ly/e6DyoH
• China Association of Actuaries looks to join the
  IAA http//bit.ly/ctf6ey

18
Worldwide News

• Insurance Mergers / Acquisitions Trends, News,
  Presentation http//bit.ly/eviMBp
• Startups in Insurance, Reinsurance Presentation
  http//bit.ly/gIMnxa
• Global Chartered Enterprise Risk Analyst Website
  Launched http//bit.ly/cnri2t

19
Worldwide News, Two

• Enterprise Risk Management, the Role of Actuaries
  http//bit.ly/dAOnyi
• Mobile Payments in Emerging Economies could help
  Insurance Penetration http//bit.ly/e0FIdr
• Which Insurance Companies have the most Twitter
  followers? http//bit.ly/aFYP3p

20
Regulation News

• Solvency II PowerPoint Presentation
  http//bit.ly/dKKWBF
• The Future of Insurance Regulation, from the
  Actuarial Review http//bit.ly/fG9fKn
• NAIC Life and Health Actuarial Task Force To
  Weigh In on IASB Proposals http//bit.ly/bXOLvu

21
Regulation News, Two

• Azerbaijan to License Actuaries
  http//bit.ly/hLxAcd
• Groupe Consultatif Actuariel Européen Explains
  Insurer Insolvencies vs. Bank Failures
  http//bit.ly/ft9e8F
• First actuaries certified in Armenia
  http//bit.ly/a5IOwm

22
Reinsurance

• Reinsurance Trends, News, Analysis PowerPoint
  Presentation http//bit.ly/hviYAs
• Alex Krutovs recent Insurance-Linked Securities
  book, a review http//bit.ly/bCIfbP
• Reinsurance C-Level Salary Survey
  http//bit.ly/gkb9i6

23
Actuaries in the News

• Brian Duperreault, Actuary, CEO, Elected to
  Insurance Hall of Fame http//bit.ly/gqrpPL
• Former Actuary Writes Book, The Influential
  Actuary http//bit.ly/e3Piuv
• Governance Task Force Report Released by the
  American Academy of Actuaries http//bit.ly/aTk3CB
  
• David Axene finds errors in health insurance rate
  calculations http//bit.ly/g0p3Ib

24
Actuaries in the News, Two

• Actuarial Awards Announced in Europe
  http//bit.ly/ibW66k
• University of St. Thomas Wins Travelers Actuarial
  Case Competition http//bit.ly/aulRKF
• Actuarial Science Scholarships at Illinois State
  University http//bit.ly/9eMiCP

25
Professional Questions

• Who is more Dangerous, a Serial Killer or your
  Life Partner? http//bit.ly/erBgjv
• Is Chief Actuary the Most Visible Example of
  Actuarial Professionalism Today?
  http//bit.ly/hfCcFm
• Eddie Smith, Actuary, Discusses Web 2.0 and
  Actuaries http//bit.ly/9JIbCO
• Cavanaugh Macdonald Consulting Receives Patent on
  Interest Rate Smoothing Algorithm

26
Professional Questions, Two

• Powerful Hospitals Increase Prices? Powerful
  Health Insurers Hold Prices In Check?
  http//bit.ly/cN0gkp
• NY Times discusses US States Pension Accounting
  http//bit.ly/hHwDPd
• What is Dynamic Financial Analysis?
  http//bit.ly/fV4l8f
• Should New Jersey Declare Bankruptcy Over Their
  Pension Deficit? http//bit.ly/dEQBnb

27
Other Actuarial News

• London Life/Great-West Life to Pay 455.7 million
  based on Actuarys lawsuit http//bit.ly/aOZJsA
• Online casinos taking bets on hurricanes
  http//bit.ly/brLTcC
• Casualty Actuarial Society High School
  Scholarship for Diversity http//bit.ly/9qAXA4

28
Other Actuarial News, Two

• Actuaries Rock http//bit.ly/gbraRW
• The Band Blind Actuaries is Back
  http//bit.ly/e09F70

29
Wrap Up

• On ClaudePenland.com, I write at least six posts
  a day on the business issues that I explore
  daily. These include Insurance News, MA,
  Startups Trends Web Development Trends Web
  Startups Odd Business Ideas Global Finance
  Investment Reinsurance Catastrophe Risk
  Predictive Analytics Solvency II Pensions Risk
  Management and Takaful.
• Thank you!