Christopher David Daykin CB (born 18 July 1948)is a British actuary and civil servant. He was the head of the United Kingdom Government Actuary’s Department (GAD) from 1989 to 2007 where he worked on social security, pension fund consultancy, national pension policy, population projections, risk management and pension reform. He is the second-longest holder of the post.
After graduating from Cambridge University with an honours degree in mathematics in 1970, Daykin qualified as a Fellow of the Institute of Actuaries in 1973 where he served as President between 1994 and 1996.He was also a President of the International Forum of Actuarial Associations in 1996-97 and was awarded the Medallist award from the International Actuarial Association in 2014.
In 1993 New Year Honours, he was awarded a Companion of the Order of the Bath (CB).
In 1995, he was presented with an Honorary Doctor of Science from City University of London.
Daykin was awarded the Gold Medal of the Institute of Actuaries in 1998 and the Medal of Merit of the International Social Security Association in 2007.
Daykin has published reports on issues such as the state pension scheme and co-authored the book Practical Risk Theory for Actuaries.
He has a first class mathematics degree from Pembroke College, Cambridge University and attended Merchant Taylors' School, London.
An actuary is a business profession who measures and analyses the risk of financial security systems, including the complexity, mathematics, and mechanisms.. The name of the corresponding field is actuarial science. These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills.
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty.
The International Actuarial Association (IAA) is a worldwide association of local professional actuarial associations.
The Society of Actuaries (SOA) is a global professional organization for actuaries. It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of Actuaries. It is a full member organization of the International Actuarial Association.
The Casualty Actuarial Society (CAS) is a professional society of actuaries specializing in property and casualty insurance.
The Government Actuary’s Department (GAD) is a department of the Government of the United Kingdom responsible for providing actuarial advice to public sector clients. Its mission is to support effective decision-making and robust reporting within government as the first choice provider of actuarial and specialist analysis, advice and assurance.
The Institute of Actuaries was one of the two professional bodies which represented actuaries in the United Kingdom. The Institute was based in England, while the other body, the Faculty of Actuaries, was based in Scotland. While the Institute and Faculty of Actuaries were separate institutions, they worked very closely together, and their professional qualifications and actuarial standards were identical. On 25 May 2010, voting members of the Institute who took part in a ballot voted to merge the Institute with the Faculty, thus creating the Institute and Faculty of Actuaries, which came into being on 1 August 2010. The Institute of Actuaries ceased to exist on that date.
The Faculty of Actuaries in Scotland was the professional body representing actuaries in Scotland. The Faculty of Actuaries was one of two actuarial bodies in the UK, the other was the Institute of Actuaries, which was a separate body in England, Wales and Northern Ireland. While the Faculty of Actuaries and the Institute of Actuaries were separate institutions, they worked very closely together, and the professional qualifications and professional standards for actuaries were identical in each of them. On 25 May 2010, voting members of the Faculty who took part in a ballot voted to merge the Faculty with the Institute of Actuaries, thus creating the Institute and Faculty of Actuaries which came into being on 1 August 2010, superseding the Institute of Actuaries which ceased to exist on that date.
Gheorghe Mihoc was a Romanian mathematician and statistician. He was born in Brăila, the son of a worker.
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Bernard Benjamin was a noted British health statistician, actuary and demographer. He was author or co-author of at least six books and over 100 papers in learned journals.
The Institute and Faculty of Actuaries is the professional body which represents and regulates actuaries in the United Kingdom.
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The actuarial credentialing and exam process usually requires passing a rigorous series of professional examinations, most often taking several years in total, before one can become recognized as a credentialed actuary. In some countries, such as Denmark, most study takes place in a university setting. In others, such as the U.S., most study takes place during employment through a series of examinations. In the UK, and countries based on its process, there is a hybrid university-exam structure.
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Robert Henderson was a Canadian-American mathematician and actuary.
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Sir George Selby Washington Epps was a British actuary and civil servant. He succeeded Alfred Watson as government actuary in 1936.
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