Marsh Mclennan Develops New Generative AI Tool & more…Keep up with what has been happening this week in our latest IP news round-up…

FRC updates actuarial guidance in light of increased buyout activity, superfunds

The Financial Reporting Council (FRC) has updated its Technical Actuarial Standard 300: Pensions (TAS 300) to reflect developments in the pension industry, including increased buyout activity and pension superfunds.

Government should harness inertia to help solve the decumulation puzzle

DC pension members could increase retirement incomes by as much as 20%1 if new risk sharing options were made available at the point of retirement, according to analysis from Hymans Robertson.

Marsh Mclennan Develops New Generative AI Tool

Marsh McLennan and its business Oliver Wyman, a global leader in management consulting, announced today the launch of a new Generative AI tool for colleagues. The tool, called LenAI, was developed by Marsh McLennan’s Dublin Innovation Center in collaboration with Oliver Wyman Digital and is available to Marsh McLennan’s more than 85,000 colleagues worldwide.

Sir Nigel Wilson comment on the Solvency UK Statutory Instruments presented to Parliament

Sir Nigel Wilson, Group CEO of Legal & General commented on the Solvency UK Statutory Instruments presented to Parliament, with the first scheduled to come into force on 31st December.

Bryant Actuarial Math program earns prestigious Gold Tier recognition

Bryant is one of ten U.S. universities to be recognized as a “Gold Tier” institution by the Casualty Actuarial Society’s University Recognition Program. New in 2023, the program evaluates higher education institutions across the globe and honors those with a demonstrated commitment to preparing future property and casualty actuaries through their educational offerings.