Annual General Meeting 2021
Our AGM for 2021 took place by webinar on Thursday 24 June 2021.
Members of the IFoA can view a recording of the AGM by signing in to our Virtual Learning Environment; details (including a link to the recording of the AGM) can be found here.
Bye-law 54 provides that the business at an AGM shall be as follows:
- to receive and consider the report of the Council (the IFoA's Annual Report, and Finance and Governance Report)
- to receive and consider the accounts of the IFoA for the past financial period
- the appointment of the IFoA’s auditors and the setting of their fees
- announcement of the election of new members of Council (you can see the results for the 2021 elections here)
- any other business which may, consistently with the Charter and Bye-laws, be announced:
- This year, we announced that the proposals to amend our IFoA's Bye-laws and Rules, in relation to term lengths for elected Council members, were passed by a majority of our voting members. More details on this can be found on our Bye-laws and Rules webpage.
Presidential address 2021
Newly inaugurated IFoA President, Dr. Louise Pryor gave her Presidential Address ‘A Learning Society’ on Friday 25 June 201. Louise explored what we need to do to keep abreast of the changing world – and how we can seize the resulting opportunities.
“It’s a great honour to be chosen as the next President of the IFoA. We are living through a period of immense change which presents both challenge and opportunity. I want to build on the valuable work of my predecessors to ensure that the IFoA can survive and be sustainable. I believe the best way to do this is for actuaries and the IFoA to keep learning. Over the next year, my presidency will be focussed on supporting members to develop their skills so they can adapt to change in existing areas of work as well as move into new areas.
“I began my actuarial career 40 years ago at a time when climate-related risk was simply not on the horizon. I have believed for some years that this risk is the biggest problem facing the world and have watched climate-related risk become mainstream and even mandated by regulators in many countries. Assessing the impacts of climate-related risk is a relatively new field for actuaries and underscores the need to keep learning and adapting our skill sets. We already offer a broad range of resources to support our members in this area, and are constantly extending it. I am excited to announce that a pilot credential in climate risk is underway and we hope to be able to offer the full course later this year.
“The IFoA’s Learning Change Programme will gather pace this year, aiming to modernise, deepen and broaden our actuarial qualifications and lifelong learning support. We are reviewing the pre-Associateship syllabus, and aim to broaden the portfolio of routes to fellowship. We are continuing to invest in our online exam platforms and are working to ensure that lifelong learning meets the changing needs of our Fellows and Associates who cannot rely only on the skills tested at the start of their careers.
“Adapting to the many changes around us will be a learning process for both individuals and for the IFoA but our shared goal will help to ensure the relevance and sustainability of the profession.”
James Harrigan, Corporate Secretary
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Cancer incidence and mortality vary by region and socioeconomic status. Modelling the structure development and trends of cancer risk is important for insurance purposes and can impact pricing and reserving in related health insurance fields such as critical illness insurance and care provision.
A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.
This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.
How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more.
This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.