Actuarial science beyond insurance and pensions
IN BRIEF Actuarial technique is not a service for insurers. It is a method for putting a number on uncertainty — and most organisations are already carrying uncertainty they...
IN BRIEF Actuarial technique is not a service for insurers. It is a method for putting a number on uncertainty — and most organisations are already carrying uncertainty they...
Beyond pensions, IAS 19 captures gratuities, long-service awards, post-retirement medical cover and accumulated leave. Unfunded and long-dated, these obligations are routinely under-provided — until an actuary measures them properly. Most...