Insider Economy Actuarial science a valuable tool in indentifying risks, House President says

Actuarial science a valuable tool in indentifying risks, House President says

The actuarial profession in a globalised and complex economy will be imperative, President of the House of Representatives Demetris Syllouris has said, adding that that actuarial science has been, and continues to be, a valuable tool for identifying, assessing and managing risks in the face of the acute problems that continue to persist.

“Modern societies continuously face many obstacles such as rapid developments, disruptive changes, other diverse problems, as well as challenges from within the financial and socio-political sphere — particularly given the major technological revolutions that are currently happening. This dictates that those who are involved must remain vigilant to these changes, so that they will be ready to cooperate together in synergy in order to be one step ahead,” Syllouris said addressing the official dinner at the 4th Cyprus Association of Actuaries Conference.

In this context, Syllouris added, the profession of an actuary is undoubtedly prominent, suited for the modern age and has much to offer; a profession whose scope continues to expand worldwide within the economic and financial sector of social protection and politics, and of course, general risk management.

He also highlighted the crucial role of the actuarial profession within our country’s economic and social life that has emerged from a painful environment created by the recent unprecedented financial crisis along with its lasting effects.

“Given these difficult conditions, actuarial science has been, and continues to be, a valuable tool for identifying, assessing and managing risks in the face of the acute problems that continue to persist, he concluded.

(Cyprus News Agency)

Top Stories

Government pledges €20,000 in emergency funding for Fairytale Museum

The Cabinet decided on Wednesday to back the Fairytale Museum in Nicosia which has been financially hit by the Coronavirus lockdown to the point...

Six more test positive for coronavirus, total now 958

  Another six people have tested positive for coronavirus after 2928 tests, the Health Ministry said on Wednesday, bringing the total to 958. Commenting on Twitter,...

Sweden should have done more against coronavirus but broad strategy right – chief epidemiologist

  Sweden's chief epidemiologist said on Wednesday the country should have done more to combat the coronavirus but backed the broad strategy, which avoided the...

10 person ceiling on gatherings to be lifted in three stages

    The 10 person maximum for gatherings remains in force, but will be relaxed on June 24 and again on July 7, and lifted altogether...

TUI Germany said Greece, Cyprus among its chief travel destinations

  Greece and Cyprus will be among the chief travel destinations for Germany's TUI travel group which launches its programme for 2020 on June 17. Speaking...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...