Actuaries seek to contribute to Sustainable Development Goals

The Institute and Faculty of Actuaries (IFoA) has today (10th January) launched an initiative to explore how the actuarial profession can contribute to the achievement of Sustainable Development Goals (SDGs). This is a crucial opportunity to better understand how the work of actuaries is relevant to the SDGs and what actuaries can do to help meet those goals.

The 17 Global Goals were adopted by the United Nations General Assembly in 2015 with the aim of eradicating all forms of poverty in all countries, both developed and developing, by 2030. The financial services industry has a vital role to play in helping to tackle these challenges and the vast majority of actuarial jobs are based within this industry. 

IFoA President Marjorie Ngwenya said:

“We are asking our members, stakeholders and actuaries from all over the world to tell us how actuaries are relevant to the SDGs and how they can contribute to the goals being met. This will help to create a framework for collaborating with others and provide more specific direction for those working in our profession.

“Actuaries are experts in providing answers to complex questions around long-term global risk. We hope submissions will help to shape ideas and provide structure on how to channel that expertise. The aim is to contribute towards solutions which eradicate poverty and hunger, tackle climate change and ensure access to education and work for all.

“To have the best chance of answering our question on the SDGs, we would like this to be a truly open and global discussion. We are an organisation with members all over the world and we work closely with many actuarial bodies in other countries. We hope to tap into this wealth of knowledge and expertise over the coming months.”

More information on the campaign along with details on how to submit a proposal can be found on our website. The deadline for submissions is March 23rd 2018. The IFoA will then select a range of proposals to be developed further.

~ENDS~

Notes to Editors

About the Institute and Faculty of Actuaries

The Institute and Faculty of Actuaries (IFoA) is a royal chartered, not-for-profit, professional body.

Research undertaken by the IFoA is not commercial.  As a learned society, research helps us to fulfil our royal charter requirements to further actuarial science and serve the public interest. 

Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.

Members of the IFoA have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.

Members are governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of actuaries in society.

The IFoA is available to provide independent expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.