With traditional banking models under increasing threat the demand for actuarial expertise is growing. Many actuaries have the analytical know-how to be successful in banking - what often lacks is the support and public awareness to get there.
How actuaries are adapting their work to climate change risks
A 2020 survey of CIA members shows that just under one third of respondents account for climate change risks in their actuarial work, a proportion similar to that indicated in a 2019 survey. These results point to a continued need in the profession for additional information and guidance on the subject.
Factsheet: Pension Commuted Values
In a newly published CIA factsheet, we delve deeper into pension commuted values.
Considerations for selection of adverse scenarios given the COVID-19 pandemic
In this article, Bruce Langstroth, Michael Wang, and Valerio Valenti discuss the considerations for the selection of the adverse scenarios, their potential ripple effects, and corrective management actions, given the COVID-19 pandemic.