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18-09-2019 Insurance technology provider Xceedance has formed a strategic partnership with artificial intelligence-powered insurtech Akur8 to offer enhanced actuarial and analytics solutions to insurance companies. The rest of this article is locked. Please login to continue reading.   If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.    To take out a free  two week trial, use the same link but select the 'trial' option in the dropdown box.   For multi-user price op...

Finance ministry hiring actuarial services to assess retirement schemes National January 12, 2021 ISLAMABAD: The Ministry of Finance has decided to hire actuarial services from qualified actuarial firms to assess and determine the Retirement Benefit Schemes liabilities of the federal government as on June 30th 2020. The federal government has a Defined Benefit (DB) Pension Scheme for all its civil servants. It also has a contributory provident fund scheme besides a post-retirement medical benefits. The scope of work for hired consultant firms include reports for pension, general provident f...

Been considered by the congress this year. today, president obama said this. >> when i see people trying to undo that hard won progress for the 50th or 60th time, with bills that would raise costs or reduce coverage, or roll back protections for older americans or people with pre-existing conditions, the cancer survivor, the expecting mom or the child with autism, or asthma, for whom coverage once again would be almost unattainable, it is aggravating. and all of this being done without any economic or actuarial, plain common sense rationale, it frustrates. >> we are awaiting president obama's ...

Well there. brought down premiums. actually increased the number of people insured. we believe that's what we're going to have with this. we believe when it's implemented it will be a federal program for three years and then the states will be able to take it over. we're going to see premiums coming down. i think perhaps by next year. i tell people we believe we can bring down premiums quickly. that's actuarial. i'm very encouraged with the work of the committee. they have been helpful and cooperative in the process. the we've had input from a number of members. including congressman who has b...

So it's complicated, it's meaty but that's what it looks like. >> one of the big questions continues to be can aealth care system remainsustainable, remain solvent perhaps even if there is no penalty? if there's not a requirement to carry insurance? >> president obama didn't want the penalty or the mandate, mitt romney didn't want the penalty or mandate. this is not philosophical. it's mathematical. it's actuarial. you cannot insure people who are high risk without forcing people who are low risk to be in that insurance. anyone who lives in coastal america and has to buy a wind or a flood poli...