Actuarial science

New loan issues by local lenders will become harder from January as they must adhere to strict risk assessment criteria. Meanwhile Morgan Stanley has warned that the price Greek banks will pay for slashing their bad loans will be major reductions in their stock values.

The Hellenic Actuarial Society (HAS) has proposed the establishment of a compulsory "second pillar" in social security that would be responsible for creating capital stock, within the long-term context of a three-pillar pension system that it sees as necessary for Greece.

The regions, which cover approximately half of Bulgaria's territory, hold the record in the EU for early age mortality rate. Northwestern, Southwestern and North Central regions have the lowest life expectancy in the EU, according to Eurostat data for 2016, BNR reported.

Alpha and Piraeus Bank are in advanced talks with investors interested in the Merlin Estate on the Ionian island of Corfu, which, given its history, is one of the most emblematic properties in their portfolios.

The Federation of Business Information Service (FEBIS) has chosen Athens as the location for its annual general meeting and a two-day conference tomorrow and on Friday, with the support of the ICAP group of companies.

Athens-based MATRIX Insurance & Reinsurance Brokers Group collected two major distinctions at the ACQ5 Global Awards last month, being selected as Independent Reinsurance Broker of the Year for Europe while its chief executive Dimitrios Tsesmetzoglou was chosen as the European industry's "Gamechanger of the Year."

Greece's extended economic crisis has resulted into faster demographic slowdown than previously expected, Bob Traa, the first IMF representative after the country signed its first bailout program, claims in an article published in Kathimerini on Sunday, adding that the trend means that previous projections of future Greek GDP may be too optimistic.

Addiction to video games was officially recognized as a disease by the World Health Organization. It fell into the new version of the WHO International Classification of Diseases. The main symptoms of the disease include disturbed control, the inability to stop playing, exclusion from the surrounding reality, and so on. All of this leads to massive social damage.

It is only through the planned cuts to pensions that the medium- and long-term sustainability of the Greek pension system can be secured, according to an actuarial study submitted to the European Commission by the Labor and Social Security Ministry.

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