Legal changes reduce motor insurance claims

19 October 2014
  • For the first time in ten years Institute and Faculty of Actuaries (IFoA) research shows a reduction in third party injury claims
  • Reduction in claim frequencies appears to correspond with legal changes enforced in 2013 and a reduction in claims management companies (CMC)
  • Continued links between claim hot-spots and CMC locations
  • Average third party motor insurance premium has reduced by 19%

IFoA releases interactive online regional mapping tools for social care cost capping

13 October 2014
  • Interactive maps show expected costs for those entering care homes at 85 and likelihood of benefitting from the new care cap from 2016
  • Maps highlight significant regional differences in costs and the time taken to reach care cap 
  • Maps will help people to plan how much savings they may need to help meet care costs based on where they live
  • IFoA calls for consideration of how pensions could help meet care costs within new pension product frameworks

Legal changes reduce motor insurance claims

19 October 2014

For the first time in ten years Institute and Faculty of Actuaries (IFoA) research shows a reduction in third party injury claims Reduction in claim frequencies appears to correspond with legal... Read more >>

IFoA releases interactive online regional mapping tools for social care cost capping

13 October 2014

Interactive maps show expected costs for those entering care homes at 85 and likelihood of benefitting from the new care cap from 2016 Maps highlight significant regional differences in costs... Read more >>

With autumn's arrival comes the launch of our brand new China microsite

09 October 2014

As a profession, we have committed to increasing international visibility and engagement, but with a key focus on China and South-east Asia.  The microsite has been specifically designed to... Read more >>

18th East Asian Actuarial Conference (EAAC)

09 October 2014

The Insitute and Faculty of Actuaries (IFoA) is delighted to be a Gold Sponsor of the 18th East Asian Actuarial Conference (EAAS) which will be held in Taipei, Taiwan, 12-15 October 2014. Read more >>

Save the date! Beijing IFoA Conference 14-15 May 2015

09 October 2014

The Institute and Faculty of Actuaries (IFoA) is hosting its first conference in Beijing in May 2015. This is a premier event for our members and stakeholders based in the region.  Not only is... Read more >>

Institute and Faculty of Actuaries welcomes the new Corporate Governance Code from the Financial Reporting Council

30 September 2014

Commenting on the Financial Reporting Council's (FRC's) updated UK Corporate Governance Code which comes into effect on 1 October, David Hare, Immediate Past President of the Institute and Faculty of... Read more >>

Governor of the Bank of England says actuaries central to meeting the challenges of the insurance industry at GIRO Conference

29 September 2014

On Thursday 25 September the Governor of the Bank of England gave a keynote address at GIRO, the Institute and Faculty of Actuaries' (IFoA's) annual general insurance conference. Read more >>

Certified Actuarial Analyst. Congratulations to our first successful candidates

25 September 2014

Many congratulations to those who have passed the Module 0 exam of the Certified Actuarial Analyst qualification Read more >>

Institute and Faculty of Actuaries (IFoA) responds to consultation on retirement reforms outlined in 2014 Budget

25 September 2014

Consumers need to understand the complex financial decisions they are making and the risks they face in retirement such as running out of money People need to be aware that planning for their... Read more >>