Life insurance news and articles written by acturies for actuaries - read the latest research pieces, today's news and latest articles in the Life insurance market.

Life is cheap, so why isn’t government pushing it?

By Tom Murray, Head of Product Strategy, Exaxe

Even government policy seems to be inexorably focused on getting people to save more to prepare for a rainy day. Government announcements, investigations and policy rumours are almost always concerning pensions and savings, ways to encourage more people to accumulate pots of money which they can use if anything goes wrong. This makes sense in that it suits government if people can provide for themselves rather than rely on the state when things go wrong. However, it would surely make more sense for lower earners to collectively band together to protect themselves from untoward circumstances, rather than try to single-handedly build the monetary defences they need to ensure their future isn’t swept away by a financial catastrophe.

The reality is that there is a limit to the amount that people on low incomes can save, so inevitably their ability to withstand misfortune based on their savings is very low. As a result, the advent of a critical illness, the sudden death of a main income earner, or an accident to any family member can mean that the household is quickly forced into the position of relying upon the state for support.

However, for the cost of the savings that the government are encouraging, a level of pooled protectio...Read More

Transforming for an unpredictable future

The Life & Pensions industry is in the throes of a major upheaval, and companies are well aware of the need to change the way they work to succeed in a new world driven by more stringent regulations, greater access to pension funds and changing customer behaviours.
 
A key catalyst for escalating concern is huge regulatory change and the substantial cost overheads this is likely to generate for insurance companies. Significant recent reforms include the largest overhaul of the pensions system in a generation, new regulations from ‘Solvency II’, and RDR reforms eliminating commission payments. This is in addition to a...Read More

Inheritance: Retirees & their children relying on each other

The study reveals that while one in six (16%) of parents are expecting to be supported financially by their grown up kids when they retire, one in six (17 %) of adult children are relying on inheritance from their parents, causing an inheritance tug of war!
 
Furthermore, one in ten grown up children are relying on this inheritance so much that they think their parents are blowing too much of it!
 
SunLife’s research also reveals that as a percentage of income, older people are better off than younger generations; those age 55-70 have less than half (46%) their income allocate...Read More

Run Financial Models in the Cloud with MoSes Azure

Latest World News

Tue, 15 Oct 2019 More than a dozen police killed in ambush in violent Mexican state
Tue, 15 Oct 2019 Hong Kong bans protesters from police housing areas amid escalating violence
Tue, 15 Oct 2019 Hong Kong's leader Lam's policy address to focus on land and housing
Mon, 14 Oct 2019 Japan typhoon death toll rises to 66 as hopes for missing fade
Mon, 14 Oct 2019 Japan PM says disaster shelters should welcome all, including homeless
Mon, 14 Oct 2019 Brexit hangs in the balance as EU doubts a deal this week
Mon, 14 Oct 2019 EU considers new emergency summit for Brexit deal: BBC
Mon, 14 Oct 2019 Turkey says Kurdish forces emptied Islamic State prison in northeast Syria
Mon, 14 Oct 2019 Canada's Trudeau, in election fight, says he needs voter support to stand up to Trump
Mon, 14 Oct 2019 Ecuador's Moreno scraps fuel subsidy cuts in big win for indigenous groups

Lifestyle Actuary

Barnett Waddingham appoints Rosie Fantom as Bulk Annuity Consultant to its Corporate Consulting team.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

Site Search

Exact   Any  

Latest Actuarial Jobs

Digital Magazine

LATEST EDITION - OUT NOW

Actuarial Post's Digital Magazine Issue 98

EXPLORING THE DARQ SIDE Plus The AP Awards Shortlist

Click the image above to view. Click here to receive your future copies of our monthly magazine

Author Companies

Actuarial Jobs & News Feeds

Jobs RSS News RSS