The IFoA has introduced an Environmental Management System (EMS) and Policy to provide a systematic approach to managing the organisation’s impact on the environment. The EMS Policy provides a framework for controlling and improving the organisation's environmental performance. The IFoA regards its advocacy of environmental issues as very important, and accepts its role and duties in the context of Corporate Social Responsibility. We are committed to being an environmentally responsible, forward-looking and continuously improving organisation and employer.
The IFoA is committed to protecting the environment. We strive to contribute towards a sustainable future. Ensuring we work to environmentally sustainable business practices, to secure the future of the planet, is paramount to realising this goal.
To minimise the environmental impact concerning the organisation’s activities and services to our members, the IFoA commits to:
- complying with applicable legal, and other requirements to which the IFoA subscribes, which relate to its environmental impact
- preventing pollution, reducing waste and minimising the consumption of resources
- educating, training and motivating our staff, members of the IFoA and, where appropriate, other stakeholders to carry out tasks in an environmentally responsible manner
- encouraging environmental protection across our suppliers and subcontractors.
The IFoA is committed to the continuous improvement of its environmental performance. It is endorsed by the Chief Executive and all other Directors of the organisation. Our approach to business is guided by the commitment to our three key values: Community, Integrity and Progress.
- to comply with, and exceed where practicable, all applicable legislation
- to integrate sustainability considerations as part of our business decisions
- to ensure that all staff are aware of our EMS Policy and encourage best practice
- to annually review and report on sustainability performance
Phase 1 (2017): Complete
Review and seek improvement of our UK offices, including domestic travel, as part of our built environment.
In 2018 the IFoA is committed to reviewing the sustainability of its global suppliers make them aware of our EMS Policy and encourage them to adopt sound sustainable business practices.
In 2019 we plan to review the offices and business processes of our global offices and our international transportation activities; conducting a review of the same areas that were identified in the UK plus any additional areas yet to be established.
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The International Accounting Standards Board (IASB) recently published an Exposure Draft (ED) of limited changes to its insurance contracts standard IFRS 17, effective date 2022.
The IFoA hosts regular roundtable meetings with the PRA on best practice in insurance investment and the application of the Prudent Person Principle, which governs insurance investment under Solvency II.
Presenter: Rahul Verma
Presenter Matt Modisett
An introductory session to help you get ahead with climate change.
- Science, terminology and initiatives: handy facts to keep in your back pocket
- Getting your point across: how to influence people and avoid common traps and pitfalls
- Taking action: what are actuaries expected to do...and what are we actually doing?
This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:
- FCA business plan priorities
- The future of regulation
- FCA Engagement in Scotland
For life insurers in the UK, the risk margin is one of the most controversial aspects of the Solvency II regime. Following its implementation, the risk margin came under considerable criticism for being too large and too sensitive to interest rate movements. These criticisms are particularly valid for annuity business – such business is of great significance to the national system for retirement provision. This criticism has led to political interest, and the risk margin was a major element of the Treasury Committee inquiry into Solvency II.
GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year.
Presenter Jon Spain
Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.
Have you ever thought about working in wider fields? Would you like to play a role in the fight against climate change to make the planet better?
It can be difficult to do this - but seeing an example you can follow can make it more realistic. In this ‘green’ case study a template is outlined to show how actuaries can apply their skills more broadly - and in doing so, to make a difference.
The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October. The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters.
The Life Conference is the premier event for professionals interested in life insurance. Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.
The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker. Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.
Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.