Expectations of future UK life expectancy have declined for several years now. This is not to say that current life expectancy has decreased, but rather than estimates of future mortality improvements are being lowered, pushing down future estimated life expectancy. One report indicates this change may roll back a year of expected mortality improvements. So […]
Orange is a colour. Right? Yes, but it was a fruit before it was a colour. Before then the colour we know as orange was described as a shade or mix of yellow and red. Ideas become words and then words become ideas all on their own.
Life expectancy is one of those funny measures with a cavernous gap between those who think they understand it and those who do. The latest controversy arose a few days ago a year ago (this post has been in draft for a long time…) because Russia is planning to increase the normal retirement age from […]
I’ve been using snopes.com to fact check dubious stories since before fake news was a term. I still recommend it to everyone. I also teach elements of critical thinking in some of the actuarial normative skills workshops I run. By the time students get to me there, they are often already pessimistic and cynical when […]
Reading the Financial Soundness Standards for Insurers (FSIs) is an exercise that can only end in madness. I’m sufficiently familiar with them now that I mostly refer back to them for particularly tricky or thorny issues. Without fail, the words fail to clearly communicate exactly what was intended. Take ancillary capital as an example. To […]
Is this blog dead? No, but you could be forgiven for thinking so. I will be posting a little more frequently than over the last year. That isn’t a high bar. Given the long silence, there are quite a few topics I’ve been thinking about and discussing with friends and colleagues. You’ll have to check […]
I had several requests for these slides. At some point they should also be available on ASSA’s website, but that process seems to take a curiously long time. Here are the Micro insurance sessional 2018 slides for anyone interested, provided of course without warranty or guarantee at all and with the understanding that the views expressed are […]
After a recent Actuarial Society sessional presentation I gave on micro insurance and the regulatory developments, I was asked why there aren’t more micro insurers operating in South Africa. Here is a slightly paraphrased version of the full question: The larger insurance players seem reluctant to enter the market. Why do you think this market […]