| Rather than denigrating insurers, it would be instructive for Nation readers to hear from an actuary or underwriter. |
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| A responsible actuary and pension fund trustees would never have allowed this to happen. |
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| An actuary from Brentford will be putting her best foot forward in this year's London marathon, to help charity Whizzkids. |
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| Without his job as an insurance actuary the 66-year-old Schmidt has no identity. |
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| As well as teaching at the University of Copenhagen, he was the chief actuary for an insurance company. |
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| This is a highly specialised career path requiring several years of study before qualification as an actuary. |
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| I am a pension actuary with 27 years' experience working with traditional defined-benefit pension plans. |
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| The assured is then paid the surrender value of the policy, which is calculated by an actuary on the basis of the amounts paid to date. |
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| In simple terms, it requires the actuary to model expectations, then measure actual results and use those measurements to recalibrate the model. |
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| Prior to joining LogMeIn in 2004, Dupree worked at John Hancock Financial Services, where he was training to become an actuary. |
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| We know the actual size of the fund today, but the actuary must estimate the amount of money in today's dollars the fund will need in the future. |
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| Industry sources suggest that, following his resignation on January 1, he sought to retain the actuary on gardening leave for more than 12 months. |
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| Prosser studied pure maths at Aberystwyth and might have gone into teaching if the money had not persuaded him to become an actuary like his brother. |
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| This claim will discomfort many an actuary or mathematician. |
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| The actuary would report with reservation so that the limitation of his or her responsibility is disclosed. |
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| The actuary must know how much the interest rate risk exposure is increased by such potential misestimation. |
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| The actuary might use existing seriatim calculators as an approximation to CALM to establish GAAP policy liabilities at valuation dates. |
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| In the case of an internal user report, the actuary may appropriately abbreviate the recommendation for external user reports. |
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| The actuary may also report the results assuming that the insurer does not respond to the adversity. |
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| I asked the actuary if this would not be a problem as there may not be enough people and this would result in the fund not being self-sufficient. |
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| In this respect, the validation of internal model should be performed by an actuary and not by an accountant. |
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| My father desperately wanted me to be an actuary, but he had to settle for a lawyer. |
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| The pension cost relating to the plan is assessed in accordance with the advice of a qualified actuary. |
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| The actuary must be able to justify any retirement age assumptions used and, if requested, provide the basis to support this justification. |
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| This means that the actuary has to determine any funding requirements arising from the amendment based on the plan's net financial position. |
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| However, I do not think the chief actuary was quite so unequivocal on his statements when we spoke. |
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| If a report is neither useful nor legally required, then the actuary would make none. |
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| Although the actuary projects a current payout amount for each year, the exact timing of payouts is not determinable. |
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| However, an entity should have an actuary review the existing actuarial valuation to determine if any adjustment is required. |
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| Failure to follow such standards would subject an actuary to discipline in all member organizations to which the actuary belongs. |
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| The actuary also determines the contribution needed to maintain the fund at this level bearing in mind that the members continuously accrue additional benefits. |
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| Within the framework of the defined allowances regimes, the retirement and similar commitments are valued by an independent actuary, on the basis of the retrospective method of projected credit units. |
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| What we have is an independent body, an actuary, that would predict what, in the anticipation of the actuary, ought to be held in reserve to cover potential losses. |
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| More consulting actuary firms are also turning to SSQ to meet their needs. |
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| If the engagement is an appropriate engagement, then the actuary would report with reservation the use of the approximation, so that a user is aware of a limitation to the actuary's work. |
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| An external user report would be relatively formal and detailed when the actuary does not communicate directly with users or when the interests of an external user and of the actuary's client or employer do not run together. |
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| Generally, the actuary would not be able to opine on whether the entire plan met such funding thresholds unless the actuary valued the entire plan, and not only the plan improvements. |
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| Commuted value, by its very nature, is a forward-looking measurement requiring an actuary, at a fixed point in time, to make predictions and judgments about a series of future events. |
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| To abbreviate the standards for an internal user report is efficient for both the actuary and the user provided that complete and clear communication is not thereby compromised. |
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| In addition to the two methods outlined, the actuary may employ any other approach that the actuary deems to be appropriate for a given set of circumstances. |
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| All that would be needed is to have an actuary determine the size of the liability and its duration, which would then be fully funded by buying the appropriate quantity of government bonds. |
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| The actuary is reminded that although the MfAD is only applied to the best estimate assumption, it is intended to cover the uncertainty associated with both misestimation risk and mortality improvement risk. |
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| Furthermore, for each of the three individual pension plans the actual rate of investment earnings for the ten year average is above the rate assumed by the actuary when calculating the funding position of the pension plans. |
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| An independent actuary has revised all the liabilities and assets. |
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| This process is supported by our independent actuary. |
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| But all I was doing was quoting the Government Actuary Service's official projection based on immigration of 195,000 a year. |
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| But the hair flicking and lame jokes that delight the boys at the Actuary of the Year dinner are gauche and slightly cringeworthy on the stage of a 1,915-seat theatre. |
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| The Government is today releasing a report by the Australian Government Actuary into strata title insurance prices in North Queensland. |
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