Actuarial Post: Alexa…Should I do a fund switch?

February 07, 2019 Tom Murray

Financial Adviser Actuarial Post smart technology Alexa robotics

Alexa…Should I do a fund switch? This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  February 2019 edition of the Actuarial Post.   Among the biggest sellers this year for Christmas gifts were voice-controlled assistants that allow people to control various operations in their houses from the comfort of their own sofas.  Alexa from Amazon is the most famous but other tech companies, such as Apple, Google have similar devices now, which respond directly to the owner’s voice and carry out basic tasks such as playing music, timing dishes being cooked, answering general knowledge queries and providing news and weather information.   
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Smart devices are key to reaching smart millennials

July 12, 2018 Tom Murray

smartphones smart technology robo-advice Millennials smart pensions

ACTUARIAL POST: Smart devices are key to reaching smart millennials This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  July 2018 edition of the Actuarial Post.   For years, there was a huge problem in the pension industry.  People didn’t get interested in the idea of pensions until they were older and thereby missed out on the savings and employer/government contributions in the early years of their working life.    Finally, the UK seems to have cracked it.  The latest figures from the Department of Work and Pensions give the amazing news that not only did over 80% of all eligible employees contribute to a workplace pension last year but that the number of millennials contributing was 78%.  Given the pressures facing millennials in the primary areas of housing and their usually lower earnings as they are at the early stage of their careers, this is a tremendous result. 
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Wearable technologies won’t wash!

February 01, 2018 Tom Murray

protection life protection smart watches wearable technology smart rings

Wearable technologies won't wash! This article was originally commissioned for the January 2018 edition of the Actuarial Post.   The key to developing good protection products is to have a strong underlying base of data from which to deduce what the correct rates should be. This allows the life assurers to provide the maximum protection for the consumer without bankrupting themselves. Traditionally, this comes from large data sets assembled by experts giving broad categories into which the consumer was placed. The resulting calculations enabled accurate estimates to be made, assuming the sales to each broad category were sufficiently strong. The advent of new technology, in the form of wearable technology such as watches and wristbands that measure exercise and vital signs, was supposed to bring about a new era of personal life assurance.
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Exaxe launches new iPad app to support its Illustrate Plus product and facilitate instant quotations for IFAs

October 28, 2011 Sharon Cronin

Illustrate Plus app Press releases technology exaxe

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