The Learning Change Programme
The IFoA Learning Change Programme has been commissioned to modernise, deepen and broaden our actuarial qualifications and lifelong learning offering, empowering members to succeed in emerging professional domains, keep pace with rapid changes in established areas of actuarial employment, and be equipped with the skills and mind set to adapt and lead within a wider and rapidly changing global professional environment.
You can find news and updates on the four key areas of the change programme by clicking on the relevant link below :
- Pre-Associate curriculum
- Pre-Fellowship subjects
- Modern and digital methods of assessment
- Lifelong learning
Pre-Associate Curriculum survey results update
27 July 2021
We would like to say thank you to everyone who participated in the recent Pre-Associate Curriculum Survey, which has now closed. We received 1867 responses in total. There was representation from across the world; with 31% of respondents from India, 27% from the UK, 20% from China, Hong Kong, Malaysia and Singapore and the remaining 22% from countries including; Australia, South Africa, Africa, America.
Looking at the respondents, 60% were Students, 23% IFoA Fellows, 7% Employer of Actuaries, 6% IFoA Associates, 2% worked in Actuarial Education (University Partner etc.) and the remaining 2% were related to the IFoA as “Other”. 56% of respondents identified as male, 41% as female and 4% as "Other".
We thank you again for taking the time to be part of this significant project to reflect on the pre-Associate Curriculum and look forward to reviewing and considering all your feedback.
Our research partner, Membership Matters are now completing a series of one to one interviews and workshops to discuss themes emerging from the survey in more detail. Once complete, the IFoA will consider the recommendations and submit them for review and discussion to the newly formed Advisory Panel.
Advisory Panel confirmed
27 July 2021
We are pleased to announce we have now confirmed the Associate Qualification Advisory Panel. Thank you to everyone who showed interest in sitting on this Panel. There are eight members of the panel and their primary objective is to review and reflect on the recommendations arising from the survey, consultations and workshops.
IFoA launch pre-Associate Curriculum Review survey
07 June 2021
We have launched a major research project to identify future needs of the pre-Associate curriculum.
Building on the work begun with Curriculum 19, we are asking our key stakeholders to feedback on a broad range of topics on our current pre-Associate curriculum and areas of potential change in the future.
Your feedback will help us understand what’s important to those working across the actuarial landscape, so we can modernise, deepen and broaden actuarial learning and skills, enabling the profession to adapt in a rapidly changing global environment, keep pace in both established sectors and emerging domains of actuarial employment.
Members can take part in the short online survey using the link in our 14 June 2021 IFoA Update, on our website and social media.
Pre-Associate curriculum research and Advisory Panel launch
13 May 2021
We will be undertaking consultative research over the coming weeks, building on the work of Curriculum 19, to identify future needs of the pre-Associate curriculum.
The purpose of this research is to:
- Reflect on feedback and learning from Curriculum 19 and ensure the curriculum reflects the needs of the global actuarial profession.
- Identify a broad contemporary knowledge-base and skills, so IFoA members can pursue career opportunities in a wider range of emerging actuarial opportunities and roles.
- Identify and evidence the competencies and capabilities of actuaries through development of the competency framework.
- Embed a process of continuous improvement to ensure the qualifications remain relevant.
We have engaged Membership Matters, a specialist membership consultancy to manage this research. Membership Matters have worked with clients including, RIBA, Quality Assurance Agency for Higher Education and The National Trust to deliver strategic support in all areas of membership.
We are engaging with a wide range of stakeholders, ranging from individual members and employers in established and new employment areas, to recruiters, and accredited university partners.
This will begin with an online survey, followed by a series of workshops and interviews. We look forward to receiving feedback on a broad range of topics on our current pre-Associate curriculum and areas of potential change in the future.
We are currently recruiting an Associate Qualification Advisory Panel, to reflect on the research findings and provide recommendations on the pre-Associate curriculum and shape of the competency framework.
If you are interested in joining this panel, you can see more information on our Volunteer vacancies web page.
We expect the research, review and recommendations to be completed over the summer. We will provide further updates here as they emerge.
Banking Pre-Fellowship Pathway Update
14 September 2021
As part of our commitment to help you rise to the challenges of our new world, we are working with the Actuarial Society of South Africa (ASSA) and our banking Community to support a new IFoA Fellowship pathway in Banking.
From 2022, if you successfully complete the new ASSA online Banking modules, you will be exempt from our equivalent level examinations.
To support you on your qualification journey, ASSA are working to make full tuition materials and information on how to register for the May 2022 examinations available from early November. You can find the ASSA syllabi on our Banking Lifelong Learning web page.
Banking specialism update
01 July 2021
Discussions with ASSA are progressing well, and they are planning to have core reading and sample examinations papers ready for the Banking specialism by the end of October 2021, ready for the first set of exams in May 2022. A further update will be provided at the end of July.
Syllabus for SA and SP Banking specialism equivalent published
29 April 2021
In the January/February 2021 edition of The Actuary we announced the development of a Banking specialism working with the Actuarial Society of South Africa (ASSA). Co-operation continues at pace, supported by the IFoA Banking Member Interest Group (MIG). Both the IFoA and ASSA have now reached agreement with our respective Boards and Committees on the syllabus for the equivalent of an SP and an SA Banking specialism. We anticipate being able to offer the equivalent of SP and SA specialisms, delivered by ASSA, in 2022. Work continues on the development of the Banking learning materials, which we will provide a further update on at the end of May 2021.
You can view the SP and SA Banking syllabus on our Banking Lifelong Learning web page.
Updates coming soon
Climate Risk and Sustainability course announcement
01 July 2021
As announced by our new President Louise Pryor at her presidential address, a Climate Risk and Sustainability course is scheduled to launch in late autumn of this year. We are currently running a pilot programme for the first 5 modules, supported by a group of volunteers. The pilot programme began on the 07 June and is scheduled to finish in mid-July. Feedback from those attending the pilot programme, will be used to shape the content and structure and inform the development of the final modules. A further update will be provided at the end of July.
If you have questions, suggestions, or require additional information, please contact LCP@actuaries.org.uk. We will use these questions to create a regularly updated set of Frequently Asked Questions where all members can benefit from your thoughts, suggestions and questions. They will be shared on our Programme FAQ page.
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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.