Institute and Faculty of Actuaries

China Life Insurance Company Limited Change of President

Retrieved on: 
Friday, August 4, 2023
Faculty, China Life Insurance Company, Institute and Faculty of Actuaries, Chinese Communist Party Committee Secretary, Central University, FIA, Shanghai Jiao Tong University, Central China, Government Actuary's Department, Supervisory board, Central University of Finance and Economics, Economics, Strategy, FCAA, SSE, Asset, Liability, EMBA, Tsinghua University, Financial regulation, Responsibility, NYSE, LFC, State Council, National government, Management

BEIJING, Aug. 4, 2023 /PRNewswire/ -- China Life Insurance Company Limited (the "Company") (NYSE: LFC; SSE: 601628; HKSE: 2628) announced today that due to the adjustment of work arrangements, Mr. Zhao Peng tendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the Company on August 4, 2023, which took effect on the same day.

Key Points: 
  • BEIJING, Aug. 4, 2023 /PRNewswire/ -- China Life Insurance Company Limited (the "Company") (NYSE: LFC; SSE: 601628; HKSE: 2628) announced today that due to the adjustment of work arrangements, Mr. Zhao Peng tendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the Company on August 4, 2023, which took effect on the same day.
  • The Company would like to express its gratitude to Mr. Zhao Peng for his contribution to the Company during his tenure of service.
  • The Company further announced that at the twenty-seventh meeting of the seventh session of the Board of the Company held on August 4, 2023, Mr. Li Mingguang has been appointed as the President of the Company and his qualification as the President of the Company is subject to the approval of the National Administration of Financial Regulation.
  • He was the Chief Actuary of China Life Pension Company Limited and a Director of China Life Asset Management Company Limited.

AM Best Announces Appointment of Rob Curtis to Its Asia-Pacific Operations

Retrieved on: 
Wednesday, August 3, 2022
Insurance, Professional Services, IAIS, Insurance, Industry, ALL, Institute, Risk, News, International Association of Insurance Supervisors, ASPAC, Data, Faculty of Actuaries, International Association, Institute and Faculty of Actuaries, Faculty, AM Best, AM, Film, Management

AM Best is pleased to announce Rob Curtis as managing director of market development for the Asia-Pacific region.

Key Points: 
  • AM Best is pleased to announce Rob Curtis as managing director of market development for the Asia-Pacific region.
  • Prior to the IA, Rob was KPMGs global regulatory lead for insurance while concurrently heading up the Asia-Pacific (ASPAC) insurance risk and regulatory practice.
  • We are excited to have Rob join our teams in Asia given his extensive experience in those markets, said Keenan.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

PartnerRe Appoints Sima Ruparelia as Chief Actuarial and Risk Officer

Retrieved on: 
Thursday, June 16, 2022
Professional Services, Insurance, Finance, Solution, Industry, Axa XL, Faculty of Actuaries, National Organization of Life and Health Insurance Guaranty Associations, CEO, Institute, Loughborough University, Risk, Insurance, Ernst, Faculty, P&C, Life, Capital, AIG, Institute and Faculty of Actuaries, Mathematics, Life insurance, Management, Talbot, Health

PartnerRe Ltd. announced today that Sima Ruparelia will join PartnerRe, effective June 27, in the role of Chief Actuarial and Risk Officer.

Key Points: 
  • PartnerRe Ltd. announced today that Sima Ruparelia will join PartnerRe, effective June 27, in the role of Chief Actuarial and Risk Officer.
  • Ms. Ruparelia will be responsible for Risk and Capital, Non-Life Reserving and Pricing and Life Reserving (2nd Line).
  • Ms. Ruparelia held the role of Chief Actuary and Portfolio Manager for UK, Europe, Global Specialty and Talbot, the Europe legal entity for AIG, from 2016 to 2021.
  • Prior to that, Sima served as Group Actuary for Catlin and as UK Chief Actuary for XL Catlin, and held actuarial positions at Ernst and Young, Equitas and Pinnacle Insurance.

Graham Fulcher to Join AIG as International General Insurance Chief Actuary

Retrieved on: 
Monday, December 20, 2021
Professional Services, Insurance, Human Resources, Finance, Consulting, Banking, Accounting, Faculty, Faculty of Actuaries, Retirement, New, Insurance, Life, NYSE, General insurance, Industry, University of Cambridge, UK, Institute, Risk, Timeline of Apple Inc. products, International Group, International, American International Group, Language, Multimedia, Institute and Faculty of Actuaries, Policy, Mathematics, Risk management, AIG, Life insurance, Chubb, American

American International Group (NYSE: AIG) today announced that Graham Fulcher will join the company as International General Insurance Chief Actuary, a newly created role.

Key Points: 
  • American International Group (NYSE: AIG) today announced that Graham Fulcher will join the company as International General Insurance Chief Actuary, a newly created role.
  • Based in London, Mr. Fulcher will report to Jon Hancock, Chief Executive Officer, International General Insurance and Richard Olsen, Chief Actuary, General Insurance.
  • Mr. Fulcher joins AIG from Chubb where he served as Chief Actuary for Overseas General Insurance since 2016.
  • Earlier in his career he was Chief Actuary for ACE European Group, Chief Actuary of European operations for ACE Tempest Re, Group Actuary for Cox Insurance Plc and UK Actuary for Cologne Re.

Venerable Names Parul Bhatia SVP and Chief Actuary

Retrieved on: 
Friday, December 17, 2021
Willis Towers Watson, Faculty, Parul, American Academy of Actuaries, Insurance, Institute of Actuaries of India, American Academy, Apollo Global Management, Faculty of Management Studies – University of Delhi, Valuation, LLC, Institute, Commerce, Leadership, Book, Institute and Faculty of Actuaries, University, Society of Actuaries, Senior, Head, Life insurance, Science, The Venerable

WEST CHESTER, Pa., Dec. 17, 2021 /PRNewswire/ --Venerable is pleased to announce the promotion of Parul Bhatia to Senior Vice President and Chief Actuary.

Key Points: 
  • WEST CHESTER, Pa., Dec. 17, 2021 /PRNewswire/ --Venerable is pleased to announce the promotion of Parul Bhatia to Senior Vice President and Chief Actuary.
  • Prior to Venerable, Bhatia was a consultant at Willis Towers Watson, performing various actuarial analyses relating to support of insurance companies seeking growth opportunities.
  • "Parul has exhibited stellar leadership and contributed significantly to the actuarial functions and underwriting process for transaction opportunities at Venerable.
  • Venerable is a privately held company with business operations based in West Chester, Pennsylvania and Des Moines, Iowa.

The Actuarial Foundation Announces the Winners of the 2020-2021 Modeling the Future Challenge At Its Second Virtual Symposium

Retrieved on: 
Wednesday, April 28, 2021
Academic disciplines, Actuarial science, Demography, Insurance, Institute and Faculty of Actuaries, Articles

b'SCHAUMBURG, Ill., April 28, 2021 /PRNewswire/ -- The Actuarial Foundation is proud and excited to announce the winners of the 2020-2021 Modeling the Future Challenge, a national scholarship competition aimed at introducing the actuarial profession to high school students.

Key Points: 
  • b'SCHAUMBURG, Ill., April 28, 2021 /PRNewswire/ -- The Actuarial Foundation is proud and excited to announce the winners of the 2020-2021 Modeling the Future Challenge, a national scholarship competition aimed at introducing the actuarial profession to high school students.
  • The Challenge, now in its fourth year, was developed with the Foundation\'s partner, theInstitute of Competition Sciences.
  • The winners were announced at the virtual Symposium, the culminating event for the Challenge.
  • Two new elements to the 2020-2021 Modeling the Future Challenge were the open-theme and the Actuarial Process.

American Academy of Actuaries Applies Actuarial Expertise and Perspective to Health Equity

Retrieved on: 
Wednesday, March 31, 2021
Articles, Academic disciplines, Actuarial science, Demography, Insurance, Actuary, Health equity, American Academy of Actuaries, Health, International Actuarial Association, Institute and Faculty of Actuaries

WASHINGTON, March 31, 2021 /PRNewswire/ --The American Academy of Actuaries is providing an actuarial perspective and actuarial expertise on health equity issues via its new Health Equity Work Group, which introduced its efforts to reduce health disparities and improve health equity with today's release of a discussion brief, Health Equity from an Actuarial Perspective: Questions to Explore .

Key Points: 
  • WASHINGTON, March 31, 2021 /PRNewswire/ --The American Academy of Actuaries is providing an actuarial perspective and actuarial expertise on health equity issues via its new Health Equity Work Group, which introduced its efforts to reduce health disparities and improve health equity with today's release of a discussion brief, Health Equity from an Actuarial Perspective: Questions to Explore .
  • "There's a far-ranging national conversation about health equity going on, and the Academy's Health Equity Work Group is a vehicle for bringing the significant expertise and experience that health actuaries have to that conversation," said Annette James, chairperson of the work group.
  • "This foundational document on health equity issues begins by offering questions and topics for further exploration to help identify ways in which health benefit programs might affect health equity."
  • The ongoing work of the Health Equity Work Group, part of the Academy's Health Practice Council, will include examining health actuarial practices and methods to assess the extent to which they may affect health disparities and recommend changes when appropriate, educating actuaries and other stakeholders on health equity issues, and applying an equity lens to the Academy's health policy work.

Canada’s actuaries offer win-win framework for prescription drugs

Retrieved on: 
Wednesday, February 10, 2021
Health sciences, Health, Pharmaceuticals policy, Pharmacy, Canadian Institute of Actuaries, Institute and Faculty of Actuaries, Formulary, Actuarial science, Single-payer healthcare, Prescription drug, International Actuarial Association

The CIA believes that all Canadians should have access to affordable prescription drugs.

Key Points: 
  • The CIA believes that all Canadians should have access to affordable prescription drugs.
  • However, rather than implement an entirely new single-payer system, Canadas actuaries urge the government to build a framework that harnesses successes from both private insurance and provincial/territorial programs to focus on meeting the immediate needs of Canadians without coverage.
  • Both provinces and private plans would cover all drugs included in the national formulary and any drugs beyond it if they wish.
  • The Canadian Institute of Actuaries is the national, bilingual organization and voice of the actuarial profession in Canada.

Yvon Charest receives President’s Award from the Canadian Institute of Actuaries

Retrieved on: 
Wednesday, November 25, 2020
Actuarial science, Canadian Institute of Actuaries, Business organizations, Organizations, Society of Actuaries, Institute and Faculty of Actuaries, Institute of Actuaries, Actuary, Charest, Articles, International Actuarial Association

OTTAWA, Nov. 25, 2020 (GLOBE NEWSWIRE) -- During the closing ceremonies of last weeks act20, the annual conference of the Canadian Institute of Actuaries (CIA), longtime member and volunteer Yvon Charest was presented with the Institutes prestigious Presidents Award.

Key Points: 
  • OTTAWA, Nov. 25, 2020 (GLOBE NEWSWIRE) -- During the closing ceremonies of last weeks act20, the annual conference of the Canadian Institute of Actuaries (CIA), longtime member and volunteer Yvon Charest was presented with the Institutes prestigious Presidents Award.
  • The annual award is conferred by the CIAs President to a person who has made significant contributions to the actuarial profession in Canada.
  • Charest graduated in actuarial science from Laval University in 1979, becoming a Fellow of the CIA in 1982 and a Fellow of the US Society of Actuaries in 1981.
  • The CIA thanks and celebrates Yvon Charest for his notable contributions to the Institute and to the actuarial profession in Canada.

The Standard Promotes Lauren Canfield to Assistant Vice President and Actuary, Actuarial Transformation

Retrieved on: 
Tuesday, November 17, 2020
Professional services, Insurance, Human resources, Finance, Actuarial science, Articles, Branches of science, Demography, Insurance, Academic disciplines, Actuary, Institute and Faculty of Actuaries, Society of Actuaries

Standard Insurance Company (The Standard) announced today that Lauren Canfield has been promoted to assistant vice president and actuary, Actuarial Transformation.

Key Points: 
  • Standard Insurance Company (The Standard) announced today that Lauren Canfield has been promoted to assistant vice president and actuary, Actuarial Transformation.
  • View the full release here: https://www.businesswire.com/news/home/20201117005174/en/
    Lauren Canfield, Assistant Vice President and Actuary, Actuarial Transformation, The Standard (Photo: Business Wire)
    Canfield joined The Standard in 2006 and has held actuarial positions in The Standards commercial mortgage division and the corporate actuarial team.
  • Most recently, as second vice president of Corporate Actuarial and Risk Management, she provided key actuarial consultation and insight to other areas of the business including financial and capital planning, investments and other product lines at The Standard.
  • Actuarial transformation is an opportunity for us to rethink our actuarial function at The Standard to anticipate and respond to rapidly changing market conditions, said Sally Manafi, vice president, corporate actuary and chief risk officer at The Standard.