Actuarial News

The Weekly Actuary

Keep yourself updated with the latest actuarial related news in the world today

October 27, 2017

Recent Willis Towers Watson surveys in the U.S. have shown that P&C and life insurers in developed markets are taking seriously the potential of big data and predictive analytics to improve their businesses. Nimbleness and agility, rather than brute force, are likely to be key to realizing that potential.

Among the many things for which the late, great Muhammad Ali will be remembered is his famous...

October 27, 2017

Earthquakes in Mexico along with hurricanes Harvey, Irma and Maria will cost the global insurance industry approximately $95bn (£72bn), according to preliminary estimates by Swiss Re. 

The world’s second largest reinsurer said that its combined claims burden from the natural disasters would be around $3.6bn, net of retrocession and before tax.

However, it added that these estimates were subject to a...

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