I’ve had the privilege to straddle life insurance and non-life insurance (P&C, general, short term insurance, take your pick of terms) in my career. On balance, I think having significant exposure to both has increased my knowledge in each rather than lessened the depth of my knowledge in either. I’ve been able to transport concepts […]
If you haven’t heard about CRISPR and CAS9, you won’t understand why I say it seems likely that my children will be the last in my line that are “pure natural” descendants. My grandchildren will almost certainly be genetically altered in some direct way due to the explosion of genetic manipulation possibilities just beginning to […]
In 2014, John Oliphant was fired from the Government Employees’ Pension Fund (GEPF) where he was principal executive officer. There were allegations, some details not disputed, that had Mr Oliphant accused of exceeding his powers and not following due process which amounted to, at the maximum, some hundreds of thousands of Rands. That outcome, with […]
Aviva in France is still dealing with having written the worst insurance policy in the world. From the sounds of things, they weren’t alone in this foible. It’s also hard to say as an outsider what the right or reasonable resolution to their current problem is, but here is the policy that they wrote. Buy […]
Treasury has released a new draft of the “Twin Peaks” or “Financial Sector Regulation Bill“. Plenty to work through here, as with the Retail Distribution Review draft and more, but here is the link if you’re interested in working directly through the papers.
This reminded me a little of trying to come up with the “right” risk taxonomy or risk management framework. There are so many different ways to draw boundaries, none which is perfect and many which are acceptable and useful. Also, Star Wars.
These are some of the stories I’ve followed or commented on in November: Pro-cyclical fiscal policy from Nigeria. Knee-jerk reactions are usually not the right answer ow.ly/EQawj eVoting seems error-prone and fraud-suspect around the world. Good luck Namibia… ow.ly/EUMFW IASB: re-deliberations will extend into 2015. Performance measurement, participating contracts still unresolved ow.ly/EQ4ZB Namibia has the […]
I know of far too many actuaries who think that the “average” SA85/90 table is an appropriate base for their insured lives mortality assumption. It’s not. It’s also a good example of “actuarial sloppiness”. To be specific, it is equally inappropriate if your current experience is a reasonable fit for the combined SA85/90 table. SA85/90 […]