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The Weekly Actuary

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

February 7, 2019

A technology firm based in Exeter has been selected by the Government’s innovation research programme to lead a two-year study into machine learning and advanced data analytics for the insuance sector.

Software Solved has been selected by the Government’s innovation research programme to lead a two-year study into machine learning and advanced data analytics.

The firm, which is set for a 40 per cent...

February 2, 2019

U.S. and Chinese negotiators start two days of high-level talks Wednesday aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy. 

Yet the odds seem stacked against any substantive resolution this week to the standoff between the world’s two biggest economies. Perhaps the best that might be hoped for, analysts sa...

February 1, 2019

Brexit has been named as the biggest threat for advice, chosen by just over half (51 per cent) of advisers surveyed in new research by Aegon.

A hundred UK advisers were asked by insurer and pensions provider Aegon what they see as the opportunities and threats to their sector over the next two years.

“It would take a brave person to attempt to predict with any certainty the macro economic or politic...

January 24, 2019

The number of people in work in the UK has reached a record high of 32.54 million, latest figures from the Office of National Statistics show.

Employment increased by the largest amount since the three months to April, although it is unclear whether businesses will maintain hiring at these levels as uncertainty around Brexit mounts.

Unemployment was flat, with a small increase of 8,000 between Septe...

January 18, 2019

Cyber threats and changes in legislation and regulation, including concerns around Brexit are considered the top risks by UK risk experts, according to the Allianz Risk Barometer 2019.

Cyber incidents (37% of responses) are neck-and-neck with Business interruption (BI) (37% of responses) as the top business risks globally.

BI remains the top threat for businesses worldwide for the seventh year runni...

January 15, 2019

Growth in the UK's economy slowed in the three months to November, expanding at its weakest pace in six months. 

The economy grew by 0.3% during the period, less than the 0.4% in the three months to October, the Office for National Statistics (ONS) said. 

The ONS said manufacturers suffered their longest period of monthly falls in output since the financial crisis, being hit by weaker overseas deman...

December 9, 2018

Patients will soon be more likely to speak to an AI chatbot than a doctor or nurse as their first interaction with healthcare providers, according to Juniper Research.

The number of patients turning to artificial intelligence (AI) for their healthcare is set to explode over the next five years, saving hospitals billions of dollars in the process.

New findings from Juniper Research forecast that AI-p...

December 9, 2018

Ministers are halting a "gold-plated" visa scheme offering foreign investors a fast-track to settling in the UK, as part of a crackdown on financial crime. 

Tier 1 investor visas were introduced in 2008 to encourage rich people from outside the EU to invest in the UK. 

A £2m investment bought a visa and indefinite leave to remain after five years. But concerns were raised the scheme was being used t...

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