From Jacobites to Gigabytes – the changing role of actuaries in serving the public interest.
The development of the first actuarially-based insurance and pension fund in the early 1740s set the scene for much of the actuarial thinking for the next 200 years. In more recent times, we have seen significant developments in actuarial techniques in response to the increased challenges from product developments, economic developments and regulatory developments. The softer skills of actuaries have also become more significant as the requirements on business leaders increase and new risk roles develop. In this talk, David Hare will review these developments concerning actuaries and postulate what it will be like for actuaries working in a Solvency 2 world.
Speaker Biography:
David Hare has over 26 years of experience in the insurance industry, starting his career with Scottish Mutual and then Abbey National. In 1997 he moved to Standard Life, where he held a variety of roles in financial management and with profits, culminating in 5 years as Chief Actuary, UK & Europe and Actuarial Function Holder for Standard Life’s European (including UK) insurance operations. In May 2012 he joined Deloitte as a partner in their UK Life Actuarial practice.
He qualified as an actuary in 1988 and continues to be very active in actuarial professional circles. A member of Faculty Council for many years in the past (including stints as Honorary Secretary and as a Vice President, as well as receiving a President’s Award), he is currently a member of the Life Practice Executive Committee and one of the UK profession’s representatives (Membre Supplant) on the Groupe Consultatif Actuariel Europen, with a particular remit to represent the UK Actuarial Profession on life insurance issues. In June 2012 he became President- elect of the Institute and Faculty.
He has authored a number of publications, including “A market-based approach to pricing with-profits guarantees” and “The realistic reporting of with-profits business”. He has been a member of various industry committees and, from February 2010 until June 2012, he was a member of the Board of Actuarial Standards. He is also an experienced conference speaker, both in the UK and abroad.
David is married with a ten year old son and is a keen musician andhill-walker.
Venue: Lecture Theatre A, Physics and Astronomy building (building 46, room 3001), Highfield campus, University of Southampton, Southampton, SO17 1BJ.
Following the lecture, a reception (drinks and light buffet) will be held in the Hartley Suite of the Staff Social Centre (building 38), a five-minute walk from building 46.
Free parking will be available on the Highfield campus from 5pm in any undesignated parking bay.
For those who wish to claim CPD credit, a register of attendance will be taken.
Further details can be found on the following URL: http://southampton.likn.co/maths/news/events/2012/11/20_wca_david_hare.page?
Please register for this event by emailing: [email protected]