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About FinSTIC

Financial Systems Thinking Innovation Centre (FinSTIC)  is a community of actuaries and non-actuaries dedicated to bringing the benefits of a systems thinking lens to financial services.   

FinSTIC helps its community to:

  • discuss, debate and collaborate on the application of systems thinking to members work
  • connect and work with other partner organisations to further understanding of this important field
  • discover more information and resources on the subject of systems thinking.

The goals of FinSTIC can be summarised as:

Collaboration

To identify partner organisations with whom  members of FinSTIC can collaborate and engage with to further our understanding and practice of systems thinking.

To identify, support and collaborate on, projects to address common shared defects within and of the financial sector.

Community

To provide a community that enables participation, collaboration, discussion and debate between systems thinking practitioners, and with those interested in the field.

To enable members of the community to participate in the future evolution of FinSTIC, suggesting projects and collaborating on key activities.

Information

To provide a place for interested members and non-members of the IFoA to find out more about systems thinking

To enable practitioners to find out and learn from practical applications of systems thinking within financial services.

Management of FinSTIC

A management committee oversees the objectives of FinSTIC. Members of the FinSTIC Management committee are:

  • Ashok Gupta (Chair)
  • Oliver Bettis
  • Samuel Achord
  • Nico Aspinall
  • Michael Bruce Beck
  • Neil Cantle
  • Nick Silver
  • Louise Pryor

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E.g., 22/06/2022
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Events calendar

  • CILA 2022

    23 May 2022 - 24 May 2022

    Spaces available

    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.

  • Spaces available

    In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.

    The Business of the AGM

  • The IFoA Conference 2022

    133 Houndsditch, London EC3A 7BX and Online
    22 June 2022 - 23 June 2022
    Spaces available

    We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.

     

  • Spaces available

    This webinar will cover:

    • Some background on the risks of misselling in an ESG context, including the DWS case

    • Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities

    • This tension can be resolved with a concept called Universal Ownership

    • Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities

  • Spaces available

    This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on  the expected future changes. Through examining  the transformation, we will highlight how the sector is and can use actuarial  expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.