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The UK Treasury, supported by the Government Actuary, told the Review they wished to see effective regulatory oversight of the actuarial profession., [9] and the Review recommended that the Government, working with the PRA and The Pensions Regulator (TPR), 'should review what powers are required effectively to oversee regulation of the ...
The Worshipful Company of Actuaries is one of the livery companies of the City of London. The company was founded and became a livery company in 1979, on the same day as the Insurers' Company . The company supports the actuarial profession by awarding scholarships in the field.
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [1] These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. [2]
Another example is the use of actuarial models to assess the risk of sex offense recidivism. Actuarial models and associated tables, such as the MnSOST-R, Static-99, and SORAG, have been used since the late 1990s to determine the likelihood that a sex offender will re-offend and thus whether he or she should be institutionalized or set free. [9]
The government actuary is the individual actuary that is responsible for the overall running and leadership of GAD. [2] The holders of this role have been: [3] Alfred Watson, 14 May 1917 – 7 May 1936; George Epps, 19 May 1936 – 30 November 1944; Percy Harvey, 1 December 1944 – 30 August 1946; George Maddex, 31 August 1946 – 31 March 1958
The CAS requires all candidates to qualify through a series of actuarial exams covering various aspects of actuarial practice. Passing Exams 1–6 as well as Exam S, the Course on Professionalism, the Validation by Educational Experience (VEE), and two online courses qualifies an actuary for the Associateship designation; passing three additional exams is required to become a Fellow. [10]
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Bayes Business School is divided into the three faculties of actuarial science and insurance, finance, and management. [2] It awards BSc (Hons), MSc, MBA, and PhD degrees and is one of around 100 schools globally to be triple accredited by the AMBA in the United Kingdom, [3] EQUIS in Europe, [4] and the AACSB in the United States. [5]
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