Actuaries supporting others
Our mission of Actuaries supporting others is made up of of three elements. From rewarding excellence to supporting our community and addressing future challenges, the IFoA Foundation is helping the profession to make an even greater positive impact.
From the establishment of the early charitable trusts of the Institute of Actuaries and the Faculty of Actuaries, we have had a long history of funding prizes for excellence in research.
In 2019, the Geoffrey Heywood Prize, for the best research paper demonstrating excellent levels of communication, was awarded to Michael McCrea and Mark Farrell.
Supporting our community
For many years, the IFoA’s Scottish Board has supported the school mathematics competition Enterprising Maths in Scotland at a national and regional level. As well as encouraging a love of mathematics in schools, we also hope that this event will encourage the talented participants to consider a career in the actuarial profession.
We have also committed to supporting 20 young student actuaries around the world every year with hardship grants. These are students who are experiencing financial difficulty, and the grants will enable them to continue pursuing their studies, thereby promoting social mobility and increasing access to the profession from disadvantaged groups.
Addressing future challenges
The IFoA funds a range of education and research prizes. Winners often request that their prize money be donated to a charitable cause close to their heart – these have ranged from large international charities, such as Unicef, to smaller local charities, such as Leicester Hospitals Charity, and international recipients such as a charity supporting flying doctors in Africa.
Innovative elearning for actuarial students in East Africa
We are delighted to be supporting the Actuarial Academy of East Africa (AAEA) to address the huge shortage of working actuaries in this region; currently less than 70, compared to the estimated 700 that are required.
Over the next three years we will be supporting the AAEA as it implements an innovative e-learning tool that will transform the learning experience for actuarial students in this region.
By the end of year three, 1,500 students will be enrolled across seven countries. This sustainable and replicable operating model will open up access to advice, guidance and support through mentoring, skills development and university accreditation. This will create opportunity where it did not previously exist, helping to unlock the potential of the profession to address key challenges in the communities and economies of East Africa, and to support financial sector growth.
Support our work
Our ability to support these excellent causes is dependent on our success in raising funds from our members and other sources. Donating to the Foundation is a fantastic way to help the profession support others. Take a look at the quick and easy ways you can donate:
By giving a regular donation you will enable us to plan for the future, with a more sustainable income model that supports our long-term objectives. Thank you for your generous and ongoing commitment.
Make a one-off donation
You can make a one-off donation by using the button below. Every penny enables us to continue our work of assisting others. Thank you for any amount you are able to give.
For larger donations, please contact Belinda Dee (General Manager) at email@example.com to pay by direct bank transfer.
We form partnerships with organisations who can help us further our charitable aims, and where there is synergy with CSR and ESG agendas. We create tailored engagement programmes that offer the flexibility to integrate across organisations and deliver against strategic partnership goals, including joint project funding, volunteering and skills sharing, communications and awareness campaigns, and invitations to IFoA events.
To find out more how your organisation could get involved please contact Belinda Dee (General Manager) at firstname.lastname@example.org.
View a list of our partners and hear from the people that we work with.
Follow the IFoA Foundation on social media
Scottish Charity Regulator reference SCO49518.
Filter or search events
We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
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.