A life and annuity insurance group engaged our firm to identify a seasoned actuarial consultant to support their implementation of Long Duration Targeted Improvements (LDTI) under US GAAP.
The NAIC’s VM-22 goes live January 1, 2026, with a three-year phase-in period before it’s fully required for new issues in 2029. Coming out of the recent ValAct meeting in Chicago, the consistent message was that VM-22 isn’t just a valuation change.
We have seen a significant rise in demand from clients in the insurance, reinsurance, investment and fund administration sectors, particularly for South African professionals supporting teams in the US, UK, Bermuda and the Cayman Islands.
The team here at Acumen has noticed an increased demand for life insurance Underwriters of late. Below are some of our thoughts on the reasons for that resurgence. Take a look and let us know if we missed anything.
A growing trend that is being felt across the industry, especially by actuaries, is the pace at which private equity firms and asset managers have been buying or backing insurance companies.
The trend of hiring remote staff from South Africa is gaining momentum among insurance, reinsurance, and other financial services companies in the US, UK, Bermuda, and Cayman Islands.
Actuaries are in high demand, and with near-full employment across the profession (under 1% unemployment), companies must adapt their hiring strategies to stay competitive.
Although many major changes from the last few years such as IFRS17 and PBR are fully implemented and running smoothly, the ever-changing regulatory environment will still impact 2025 resource planning and strategic initiatives.
In a competitive job market, candidates need to be thoughtful and intentional in their approach when applying and interviewing for jobs.
Most actuaries are aware of contracting as a career path, but many still have questions about how to get started, the pros and cons, and what a typical engagement might look like.
