UK - The Life Board of the Actuarial Profession has appointed Nigel Masters as chairman for the coming year.
Masters takes over from John Hylands while Adrian Eastwood succeeds Masters as deputy chairman.
Masters is a senior actuary with PricewaterhouseCoopers’ European life actuarial practice and has worked in the actuarial consultancy and insurance industry for more than 25 years.
He has just completed a term as chairman of the Committee on Insurance Regulation for the International Actuarial Association and serves on the insurance sub-committee of EFRAG, the technical committee supporting the EU Commission in its assessment of international accounting standards.
Eastwood is actuarial director of Scottish Widows and is appointed actuary to Scottish Widows annuities. He is also a director of two life insurance subsidiaries of Scottish Widows.
Masters said: “The Life Board has a heavy workload bedding down the FSA’s new life company regulations but I intend the board to be proactive as well. I would like to see more research into how better illustrations for policyholders could be prepared.”
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