Actuaries play a crucial role in (re)insurance, with a high demand for their expertise. Yet this role is often little understood and only a relatively small number of individuals get certified in this field.
Employee Spotlight
At 31 years old, Nancy Hu is proud to say she has just as many stamps in her passport as trips around the sun. A Chinese citizen and passionate traveler, she believes that her love of learning about other cultures, her willingness to step outside her comfort zone, and her desire to discover other ways of thinking have taught her important lessons that have helped her succeed in her career at SCOR.
As the fourth-generation mathematician of the family (my father was an engineer, my grandfather a math professor and researcher, and my great grandfather a physics teacher), I was lucky to discover actuarial studies as soon as I got out of high school. Through this, I found a way to apply my passion for numbers to the analysis of concrete topics, with applications in many fields and offering great job opportunities.
In previous editions of SCORacle, we have covered a number of new developments in healthcare, particularly with regard to vaccines and cancer treatments. It seems there are regular breakthroughs being reported in the treatment of the conditions we see frequently at both underwriting and claims stage.
The NHS has recently announced that it will be offering more than 150,000 adults and children with type 1 diabetes (T1DM) in England and Wales advanced technological treatment in the form of “artificial pancreas” devices, which experts are hailing as a “gamechanger” that will “save lives and heartbreak”.
The artificial pancreas device, also called a hybrid closed loop (HCL) system, uses a hi-tech algorithm to determine the amount of insulin that should be administered and monitors blood sugar levels to maintain them at safe and appropriate levels.
Am 14. Mai 2024 fand in der ClubLounge Nord im RheinEnergieSTADION unsere diesjährige Rückversicherungskonferenz für den deutschen Markt statt. Die Konferenz wurde von unserem CEO Thierry Léger mit seiner eindrucksvollen Keynote "Wie der Klimawandel sich auf die Rückversicherungsbranche auswirkt" eröffnet.
SCOR has recently completed its second iteration of the global data visualisation competition – SCOR Viz Games. Starting in 2021, the competition has continued in 2023 with over 90 participants from over 16 countries to explore the theme of Net Zero. Participants were given IMF datasets on global CO2 levels, temperatures and natural catastrophes as well as sea-level data and country commitments.
