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THE REPORTING ACTUARY
Insurers racing to ‘AI-proof’ systems as IRDAI flags risksIndian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven...- AI edge will depend on building hard-to-copy systems, says McKinseyCompanies can no longer gain a competitive edge with standard AI models, as nearly 90% of organisations now use large language models said ...
- 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...
- HDFC Life CEO Vibha Padalkar: 'I focused on what I had, not what I didn’t' and a journey of resilienceHDFC Life CEO Vibha Padalkar’s journey reflects resilience shaped by early family influence and a belief in long-term thinking. After early...
- Prudential Plc names Amit Dave as CEO, Abhishek Saraf as COOPrudential Plc has appointed Amit Dave as CEO and Abhishek Saraf as COO for its upcoming health insurance joint venture with HCL Group in I...
- Creating a mirage called employee: Another way a management can manipulate profits and mislead investorsJust another line item near depreciation and finance costs, with the real assumptions and calculations buried deep in the notes. That is pr...
- Health insurance records strong growth momentum with premiums exceeding Rs 1.2 lakh crore in FY25India's health insurance sector is growing strongly. The Insurance Regulatory and Development Authority of India (Irdai) has set strict dea...
- 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...
- IRDAI considering shifting to 'use and file' system for product approvals: ChairmanUnder the file and use system, an insurer, who wishes to introduce a new product, has to file an application for the product with the IRDAI...
- 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...
- CIL pension delay draws CAG wrathThe CAG tabled the report in July 2017 with a note saying the problems in the CMPFO were reported to the government in September 2016 but i...
- Irdai terminates actuary's membership for NIC wrongdoingsThe penal action came after the regulator found wrongdoings by actuary Manalur Sandilya in preparing the balance sheet of NIC for the 2015-...
- Edelweiss Tokio Life appoints Subhrajit Mukhopadhyay as chief actuaryEdelweiss Tokio Life Insurance has appointed Subhrajit Mukhopadhyay as chief actuary.
- 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...
- Patni expands actuarial BPO servicesIT-ITeS services provider Patni Computer Systems has expanded its Actuarial Centre of Excellence (ACE) to provide consulting, risk manageme...
- Pension reforms, new norms for health insurance soonThe Insurance Regulatory and Development Authority (IRDA) hopes that pension reforms would be flagged off shortly to ensure income security...
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