Actuarial science news

Here are some recent news articles and updates related to actuarial science:

Regulatory Updates

• The Society of Actuaries (SOA) has announced changes to its professional certification program, including a new "Actuarial Associate" designation and updated requirements for the Fellow of the SOA (FSA) designation. (Source: SOA)
• The International Actuarial Association (IAA) has released a new set of guidelines for actuaries working in the insurance industry, focusing on risk management and solvency. (Source: IAA)

Industry Trends

• The use of artificial intelligence (AI) and machine learning (ML) is becoming increasingly prevalent in the actuarial profession, with many insurers and reinsurers using these technologies to improve risk assessment and pricing. (Source: McKinsey)
• The rise of insurtech companies is changing the way insurance is sold and distributed, with many startups using data analytics and AI to offer more personalized and flexible insurance products. (Source: Forbes)

Research and Studies

• A study by the SOA found that actuaries are increasingly using data analytics and machine learning to improve their work, with 75% of respondents reporting that they use data analytics in their daily work. (Source: SOA)
• Research by the IAA found that actuaries are playing a critical role in helping insurers and reinsurers manage the risks associated with climate change, including flood and wildfire risks. (Source: IAA)

Professional Development

• The SOA has launched a new online learning platform, SOA Connect, which offers a range of courses and resources for actuaries looking to develop their skills and knowledge. (Source: SOA)
• The Casualty Actuarial Society (CAS) has announced a new certification program for actuaries working in the property and casualty insurance industry, focusing on risk assessment and pricing. (Source: CAS)

Job Market and Compensation

• A survey by the SOA found that actuaries are in high demand, with 85% of respondents reporting that they are satisfied with their job and 75% reporting that they are likely to stay in the profession for the next five years. (Source: SOA)
• According to a report by Glassdoor, actuaries are among the highest-paid professionals in the United States, with median salaries ranging from $120,000 to over $200,000 depending on experience and location. (Source: Glassdoor)

I hope you find these updates interesting and informative!