Concerns about the appointed actuary role In a recent Insight publication (pdf), APRA made a few points about the role of Appointed Actuaries, particularly where it involves Pricing, which seem to express some concern as to whether appointed actuaries have been effective: A tender for group insurance involves input from a numberContinue Reading
Today’s book review is Asia’s Cauldron: The South China Sea and the End of a Stable Pacific, by Robert Kaplan. Robert Kaplan is an American journalist and foreign policy adviser. Although this book is about Asia, he writes this book not so much an Asian expert (although he clearly is), asContinue Reading
In the last few weeks, there have been some nasty cycling accidents in Sydney. I’ve been a cyclist commuter in Sydney off and on since 1996, and my first reaction (particularly as one of the cyclists killed was a neighbour of mine) is to think that I should stop cycling,Continue Reading
The Actuaries Institute had a financial services forum last week, which I managed to get to some of. My first report is of the Big data plenary session which closed the conference. I’ll start with some background reading: Cheerleaders for big data have made four exciting claims, each one reflected inContinue Reading
The Eye family is on holiday in Japan at the moment. Our family of four (three male, one female) accidentally jumped into a women’s only carriage on the Osaka metro the other day. It took us one stop to run the gamut of emotions from surprised, to embarrassed, to indignation (thatContinue Reading
I’m not going to make a habit of this, but there have been some great articles for interested actuaries this week that I wanted to point to. Tim Harford in the FT wondered whether in our enthusiasm for Big Data, we have forgotten some statistical principles: Four years after the originalContinue Reading
When I read The Wave: In Pursuit of the Rogues, Freaks, and Giants of the Ocean, one statistic that astonished me was that “two large ships sink every week on average [worldwide] ” according to Dr Wolfgang Rosenthal. The author, Susan Carson, suggests that the numbers are high, but thatContinue Reading
Every year, the ABS puts out an analysis of mortality statistics for the calendar year, imaginatively entitled Deaths. And most years I post a quick analysis. The most recent one is based on mortality statistics for the calendar year 2012. This year I’ve focused on mortality improvement, and what has beenContinue Reading
Back as part of the International Women’s Day festivities, Tony Abbott, speaking at an event in Canberra on Tuesday to mark the upcoming International Women’s Day, declared that while we still have some work to do Australia is a nation which has just about “smashed every glass ceiling”. “If you look at ourContinue Reading
At the Actuaries Institute Financial Services Forum, in May, I’m running a Panel discussion entitled Is MOS Accounting Responsible for the Woes of the Retail Life Industry? This post gives some background to the question and why it seemed a good topic for a panel discussion. What are the woes of theContinue Reading