Martin Sarjeant

Writing in Actuarial Post, James Burton, managing director, UK&I responds to the clarion call for affordable insurance by using data for good. James wants to see data leveraged to ensure fairness and accessibility for all consumers. Read more on p.20: https://splr.io/6044lySdo #dataenrichment #ActuarialPost #LexisNexisRisk

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I commend the insurance industry's proactive approach to addressing climate change through strategic investments. The growing frequency and intensity of natural disasters highlight the critical need for insurers to adopt sustainable practices and embed climate risk into their core operations. The shift towards low-carbon investments goes beyond compliance with the revised Solvency II framework. It is a strategic imperative driven by escalating catastrophe costs and the need to ensure long-term resilience and financial stability on a global scale. By aligning their investment portfolios with environmental, social, and governance (ESG) criteria, insurers can mitigate risks while capitalizing on opportunities within the green economy, positioning themselves as key players in advancing sustainable finance. However, this transition must be supported by robust risk management frameworks and sophisticated actuarial analysis to accurately assess and price climate-related risks. Close collaboration with policymakers and other stakeholders will be vital in driving systemic change and fostering a more sustainable future for both the industry and society as a whole. Ultimately, the insurance industry’s ability to not only adapt to but also lead in the fight against climate change will determine its role in shaping a resilient, sustainable future for generations to come!

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At Gralix, we navigate Enterprise Risks with Precision and Purpose. From crafting robust governance policies to real-time tracking tools and certification-worthy implementations, we steer towards resilience. Visit www.gralix.co for more information. #Gralix #LocalActuaries #RiskManagement

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Businesses are increasingly recognising the benefits of incorporating AI, but it's crucial for them to understand the possible risks and how to mitigate them. For detailed insights on this topic, read QBE's latest blog post - https://lnkd.in/e37rtjE6 Jaini Gudhka #cyber #ai

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Retaining actuaries is a well-recognised and widespread issue across the insurance industry. This latest article by Andries Beukes explores the challenges and offers practical solutions to help you keep your actuarial talent engaged and committed. https://lnkd.in/eThaaNUz #Actuaries #TalentRetention #InsuranceIndustry #ProfessionalDevelopment #EmployeeEngagement Maksud Patel | Chris Lennon | Christo Muller

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Zala Insurtech News: Broadstone, a leading UK pensions employee benefits, investments and insurance consultancy has announced it is launching a standalone Insurance, Regulatory and Risk advisory division. The post Broadstone to Launch Dedicated Regulatory & Risk Advisory Division appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

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How are actuaries leading the charge in climate risk? The 2024 All Actuaries Summit showcased the pivotal role actuaries play in tackling climate change. In his article for Actuaries Digital, Climate & Sustainability Practice Committee member Mike Thornton discusses how various plenary and concurrent sessions demonstrated actuarial expertise in leadership, risk management, and technical roles. Key highlights include: • The call for Australia to develop holistic transition and adaptation plans. • The importance of consistent, accessible flood data and models for all stakeholders. • The crucial role banks play in climate risk management, with a focus on granular data and national resilience plans. Our ability to connect the dots, bring people together, and craft holistic solutions positions us uniquely to address climate risks. Dive into the full article to explore how actuaries are making a difference: https://lnkd.in/gdSBNd3J #actuaries #climatechange #climaterisk #riskmanagement #sustainability

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Trending this week 📈 #ITtrending Technology editor Clare Ruel explored how insurtechs are addressing the complexity of insuring the transition to net zero for the latest instalment in Insurance Times' #TechTalk section. #UKGI #InsuranceNews #Inurtech #News Lloyd's Rosie Denée Ola Jacob FloodFlash

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Data science continues to be a growing field and is increasingly a key area that actuaries work in and alongside. Visit our blog to find out more about the relationship between actuarial science and data science: https://lnkd.in/ecJUV6Fb

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Featured #STEM role: Actuary! 🧠 We have a team of highly skilled actuaries within BPAS Actuarial & Pension Services. But - what is an actuary, and what do they do? This quick video from the Society of Actuaries offers a comprehensive explanation:

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How is the work-from-home movement impacting actuaries? Our recent survey found that while hybrid and home working have broadly improved work-life balance, they have also led to increased working hours for many. Read the full piece in Insurance Business UK: https://lnkd.in/ddiZmTmS

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We’ve devised this quick guide to 10 key steps for developing effective actuarial processes. Each step requires detailed analysis, judgement and excellent communication.  If you need support with designing enduring and effective actuarial processes, our team can help you. https://lnkd.in/ebixAss #actuarialexcellence #actuaries #insuranceindustry #processes Andries Beukes | Maksud Patel | Chris Lennon

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Modernising actuarial operations is crucial for staying competitive in today’s insurance landscape. Effective change management isn’t just about minimising disruption — it’s also about empowering teams to innovate and adapt. #Innovation #ActuarialTransformation #Leadership

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How can insurance organisations keep pace with the digital age? In our recent webinar with the IUA, Andrew Dixon explored how digital insurers of the future are embracing modern technical architectures and shifting to cloud-based and low-code / no-code platforms. Watch the full webinar recording here: https://hubs.la/Q02xyLbQ0 #Insurance #Digital #Cloud

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Verisk, the global data analytics and technology provider, has launched ISO Experience, a product designed to modernise the way actuaries within insurance analyse risk patterns. Verisk has stated that the tool will address the increasing volatility and extent of loss patterns observed across the industry. The release of ISO Experience follows a period in which the insurance industry has exceeded loss ratio levels not seen in nearly two decades, with an estimated $21.2 billion reported in underwriting losses in 2023. The new index will assist insurers in assessing risk patterns, allowing them to make informed pricing decisions and adapt to market conditions. Saurabh Khemka, (pictured) Co-President of Underwriting Solutions at Verisk, commented: “Insurance plays a pivotal role in society, and the industry has faced harsh market conditions over the last few years. Our new Experience Index is one more way we empower our clients to react quickly and effectively to changing market conditions, ultimately saving them time, effort, and resources while driving profitability. Insurers can now assess risk patterns and formulate responsive strategies with increased confidence.” Read the full story here 👉 https://lnkd.in/gZuHMKd7 #InsurtechInsights #InsuranceNews #Underwriting

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