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ACTUARIES ACT
Quote of the day by Inventor of Computer Charles Babbage: 'Keeping the mind occupied is such a source of pleasure that it can relieve even the pain of...' - The hidden power of the human brain to control attention explained by the British mathematicianCharles Babbage, widely known as the father of the computer, once highlighted how deep mental engagement can influence human experience wit...- Warren Buffett once treated Bill Gates at McDonald's using coupons: How frugal is his lifestyleWarren Buffett’s famously frugal lifestyle is reflected in everything from using McDonald’s coupons to letting market conditions decide his...
- Finance Ministry plans to broaden Actuaries Act scope beyond insurance, pensionsThe finance ministry is set to update the Actuaries Act, 2006. This will expand actuarial science to include data science and risk manageme...
- India needs more qualified actuaries, says IRDAI chairmanIndia's insurance sector faces a significant shortage of qualified actuaries. This talent gap is critical as risks from inflation, healthca...
- CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake saleThe Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insure...
- LIC IPO: Govt likely to invite bids from merchant bankers this monthThe government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to lau...
- FinMin appoints Milliman Advisors for valuing LIC pre-IPOThe firm was chosen from three in the race including EY Actuarial Services and Willis Towers Watson Actuarial Advisory.
- 3 firms in race to be actuarial for LIC IPOEY Actuarial Services, Milliman Advisors and Willis Towers Watson actuarial advisory are in race for being appointed as the actuarial firm ...
- LIC IPO: EY, Milliman and Willis Towers Watson in race for actuarial firm appointmentThe firms have made presentations to the government on Thursday, following which financial bids have been opened.
- LIC IPO: Dipam extends deadline for bids to appoint actuarial firmTaking the next step towards the public listing of the country’s largest public insurer, the Department of Investment and Public Asset Mana...
- FinMin invites bids from actuarial firms for valuing LIC ahead of IPOIn the bid notice, the Department of Investment and Public Asset Management (DIPAM) said LIC needs to develop an Indian Embedded Value (IEV...
- LIC IPO may spill over to next fiscalDIPAM Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages and only after the four stages converge, then a ...
- New law to end denial, loss of jobs to HIV positive peoplePresident Pranab Mukherjee has recently given nod to the HIV and Acquired Immune Deficiency Syndrome (AIDS) (Prevention and Control) Act, 2...
- IRDA: Banks' insurance broking model to gain traction in timeThe comment has come at a time when general insurers have seen price wars in commercial lines of businesses in the recent past.
- Nurses, actuaries in big demand at BPOsAccenture, Wipro, iGate and Cognizant are hiring US registered nurses who have cleared the National Council Licensure Examination in big nu...
- R Kannan, a former IRDA member found guilty of forgeryR Kannan, a former member of IRDA was found guilty of forging bills by a disciplinary committee of the Actuarial Institute of India.
- India Post seeks actuarial consultant to weigh fundsIndia Post is set to appoint an actuarial consultant to value its various insurance funds.
- Insurance sector IPO guidelines likely next month: IRDAThe initial public offer guidelines for the insurance sector is likely next month, the Insurance Regulatory and Development Authority (IRDA...
- Insurers divided over cover for terror attacksThe terrorist attacks in Mumbai have made many wonder if they are covered under their existing insurance policies for such eventualities.
- Cos may face shortage of actuarial professionalsIndia Inc will face a severe shortage of actuarial and accounting professionals, even as the country plans to adopt International Financial...
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