+ Follow ACTUARIAL Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 1492980
[Title] => Insular life promotes Elicaño to EVP
[Summary] => Insular Life chairman of the board and CEO Vicente R. Ayllón recently announced the promotion of Ma. Edita C. Elicaño to executive vice president, head of the administrative operations group (AOG) and Chief Actuary.
[DatePublished] => 2015-08-27 10:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 369948
[Title] => GSIS assets expand 17% to P412.6-B as of September
[Summary] =>
The Government Service Insurance System (GSIS) said yesterday its assets grew 17 percent as of September this year to P412.6 billion from P354 billion a year earler, fuelled by the upsurge in its investments.
"Right now, we may be the most profitable government-owned and controlled corporation and we are on track to hit our profit target of P40 billion for 2006," said GSIS president and general manager Winston F. Garcia.
Garcia said the pension fund’s total investments increased 4.5 percent to P275.8 billion from P264 billion a year ago.
[DatePublished] => 2006-11-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 370143
[Title] => GSIS assets expand 17% to P412.6-B as of September
[Summary] =>
The Government Service Insurance System (GSIS) said yesterday its assets grew 17 percent as of September this year to P412.6 billion from P354 billion a year earler, fuelled by the upsurge in its investments.
"Right now, we may be the most profitable government-owned and controlled corporation and we are on track to hit our profit target of P40 billion for 2006," said GSIS president and general manager Winston F. Garcia.
Garcia said the pension fund’s total investments increased 4.5 percent to P275.8 billion from P264 billion a year ago.
[DatePublished] => 2006-11-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 369824
[Title] => GSIS has sufficient funds, says Garcia
[Summary] =>
State run pension fund Government Service Insurance System (GSIS) has sufficient funds to support its members until 2040, a 12-year extension from the previous actuarial life of 2028, a top official said.
An actuarial life is the mortality rate of the pension fund, the period by which it can service all its members’ claims and benefits.
GSIS said they will not stop making improvements in order to further extend the life of the fund.
[DatePublished] => 2006-11-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1480108
[AuthorName] => Ma. Elisa Osorio
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 275512
[Title] => 5Cs of choosing a pre-need company
[Summary] => Much talk is made about the complicated math of insurance and pre-need called actuarial math. Back in college when I was pursuing a mathematics degree, I wanted to take up actuarial science as a post-graduate degree. Fortunately, I was lured into the exciting world of journalism. Actuarial Science is concerned with the construction of models and solutions for financial, business and societal problems involving uncertain future events. Actuarial practitioners, also known as actuaries, have been described as financial architects and social mathematicians.
[DatePublished] => 2005-04-27 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 223240
[Title] => COA warns GSIS of Enron-like collapse
[Summary] => The Government Service Insurance System (GSIS) sank deeper into controversy as the Commission on Audit (COA) reported that the state-controlled fund has been breaching its minimum reserve requirement for 12 years in a row.
In its 2002 audit report, the COA warned that GSIS could face a financial disaster similar to the collapse of Enron which also failed to book their actuarial deficit.
COA said that since 1990, GSIS’ actual reserve set up was lower than the requirement but the actuarial deficit was never recognized in the book of accounts.
[DatePublished] => 2003-10-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 198910
[Title] => GSIS fund deficits, actual or actuarial?
[Summary] => Terror smote the hearts of our legislators when the Commission on Audit (COA) reported that the Government Service Insurance System (GSIS), supposedly awash with cash, had an actuarial deficit of P25 billion as of end-2001.
After hearing about inconveniences arising from actuarial deficits of the Social Security System and the pre-need and health maintenance organization (HMO) industries, the leaders of our bureaucracy had visions of not getting their retirement or separation pays, plus all other benefits that come from being a GSIS member.
[DatePublished] => 2003-03-14 00:00:00
[ColumnID] => 133715
[Focus] => 0
[AuthorID] => 1805279
[AuthorName] => Rey Gamboa
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 93799
[Title] => Pre-need firms buck proposed new rules on actuarial reserves
[Summary] => The new rules on actuarial reserves and termination values embodied in proposed amendments to the existing rules and regulations will threaten the very existence of the 35-year-old pre-need industry.
This was the gist of a position paper submitted by the Philippine Federation of Pre-need Plan Companies Inc. (PFPPCI) to the non-traditional securities and instruments department of the Securities and Exchange Commission (SEC), the government agency mandated to regulate and pre-need industry.
[DatePublished] => 2001-07-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
ACTUARIAL
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 1492980
[Title] => Insular life promotes Elicaño to EVP
[Summary] => Insular Life chairman of the board and CEO Vicente R. Ayllón recently announced the promotion of Ma. Edita C. Elicaño to executive vice president, head of the administrative operations group (AOG) and Chief Actuary.
[DatePublished] => 2015-08-27 10:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 369948
[Title] => GSIS assets expand 17% to P412.6-B as of September
[Summary] =>
The Government Service Insurance System (GSIS) said yesterday its assets grew 17 percent as of September this year to P412.6 billion from P354 billion a year earler, fuelled by the upsurge in its investments.
"Right now, we may be the most profitable government-owned and controlled corporation and we are on track to hit our profit target of P40 billion for 2006," said GSIS president and general manager Winston F. Garcia.
Garcia said the pension fund’s total investments increased 4.5 percent to P275.8 billion from P264 billion a year ago.
[DatePublished] => 2006-11-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 370143
[Title] => GSIS assets expand 17% to P412.6-B as of September
[Summary] =>
The Government Service Insurance System (GSIS) said yesterday its assets grew 17 percent as of September this year to P412.6 billion from P354 billion a year earler, fuelled by the upsurge in its investments.
"Right now, we may be the most profitable government-owned and controlled corporation and we are on track to hit our profit target of P40 billion for 2006," said GSIS president and general manager Winston F. Garcia.
Garcia said the pension fund’s total investments increased 4.5 percent to P275.8 billion from P264 billion a year ago.
[DatePublished] => 2006-11-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 369824
[Title] => GSIS has sufficient funds, says Garcia
[Summary] =>
State run pension fund Government Service Insurance System (GSIS) has sufficient funds to support its members until 2040, a 12-year extension from the previous actuarial life of 2028, a top official said.
An actuarial life is the mortality rate of the pension fund, the period by which it can service all its members’ claims and benefits.
GSIS said they will not stop making improvements in order to further extend the life of the fund.
[DatePublished] => 2006-11-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1480108
[AuthorName] => Ma. Elisa Osorio
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 275512
[Title] => 5Cs of choosing a pre-need company
[Summary] => Much talk is made about the complicated math of insurance and pre-need called actuarial math. Back in college when I was pursuing a mathematics degree, I wanted to take up actuarial science as a post-graduate degree. Fortunately, I was lured into the exciting world of journalism. Actuarial Science is concerned with the construction of models and solutions for financial, business and societal problems involving uncertain future events. Actuarial practitioners, also known as actuaries, have been described as financial architects and social mathematicians.
[DatePublished] => 2005-04-27 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 223240
[Title] => COA warns GSIS of Enron-like collapse
[Summary] => The Government Service Insurance System (GSIS) sank deeper into controversy as the Commission on Audit (COA) reported that the state-controlled fund has been breaching its minimum reserve requirement for 12 years in a row.
In its 2002 audit report, the COA warned that GSIS could face a financial disaster similar to the collapse of Enron which also failed to book their actuarial deficit.
COA said that since 1990, GSIS’ actual reserve set up was lower than the requirement but the actuarial deficit was never recognized in the book of accounts.
[DatePublished] => 2003-10-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 198910
[Title] => GSIS fund deficits, actual or actuarial?
[Summary] => Terror smote the hearts of our legislators when the Commission on Audit (COA) reported that the Government Service Insurance System (GSIS), supposedly awash with cash, had an actuarial deficit of P25 billion as of end-2001.
After hearing about inconveniences arising from actuarial deficits of the Social Security System and the pre-need and health maintenance organization (HMO) industries, the leaders of our bureaucracy had visions of not getting their retirement or separation pays, plus all other benefits that come from being a GSIS member.
[DatePublished] => 2003-03-14 00:00:00
[ColumnID] => 133715
[Focus] => 0
[AuthorID] => 1805279
[AuthorName] => Rey Gamboa
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 93799
[Title] => Pre-need firms buck proposed new rules on actuarial reserves
[Summary] => The new rules on actuarial reserves and termination values embodied in proposed amendments to the existing rules and regulations will threaten the very existence of the 35-year-old pre-need industry.
This was the gist of a position paper submitted by the Philippine Federation of Pre-need Plan Companies Inc. (PFPPCI) to the non-traditional securities and instruments department of the Securities and Exchange Commission (SEC), the government agency mandated to regulate and pre-need industry.
[DatePublished] => 2001-07-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
August 27, 2015 - 10:00am
