The IFoA’s policy regarding Coronavirus is designed to safeguard the well-being of members and employees.
The IFoA has now activated effective business continuity planning to ensure we continue to deliver for our members throughout this period of heightened awareness. You can find a summary of these measures below.
Visiting an IFoA office or event
The IFoA offices in Edinburgh, London, Oxford, mainland China and Singapore remain closed.
Owing to the current COVID-19 situation all IFoA employees are now working remotely. This will significantly reduce our ability to respond to phone calls, however, the Membership Team will be answering calls to +44 (0)131 240 1325, please bear with us. We would request that examination and study enquires are made by e-mail.
Contacting the IFoA by telephone
Owing to the current COVID-19 situation all IFoA employees are now working remotely. This will significantly reduce our ability to respond to phone calls so we would ask that all enquiries are made by e-mail.
IFoA events programme
Due to the global COVID-19 situation, the IFoA is reviewing its events programme. Our primary goal is to ensure the wellbeing of our members and employees while minimising the disruption to our service.
Although this means that many events will be cancelled or postponed, many are being reformatted as webinars or other forms of digital delivery. If your event is disrupted we will let you know by email as soon as possible.
We’re asking all members and stakeholders to check our events web page for the latest information.
We will continue to keep this under review as guided by the UK and/or local governments as appropriate.
The IFoA can confirm that all written examinations that would have been held in examination centres in April will not take place. This applies worldwide.
For the April examinations, we have introduced some additional online examinations. Candidates now have the following options.
If we have introduced an online equivalent to your original examination booking, you can take this online examination instead.
If you do not wish to take an online examination, then you will be offered a full refund. For details of how you can do this and further information on examinations, please visit Update on COVID19 for students booked onto April 2020 exams
Recording your CPD
This will mean that the 2019/2020 CPD reporting year will end on 31 August 2020, rather than the published date of 30 June 2020.
The online learning resource can help category 2 members gain the external requirement of 5 hours, including the PST. However, we will continue to keep the situation under review and consider whether further steps around CPD compliance are necessary.
IFoA volunteers will receive email updates throughout this period to ensure they are fully up-to-date on any changes to their roles.
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There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia. The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.
This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.
This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements.
The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise. In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities.
“Lifestyle Product” being the key to make insurance a daily necessity rather than a luxury, by having high engagement and interaction with the consumers through:
Consumer expectations are changing Insurance. The Royal Commission in Australia, Design Obligations in the UK, the insurtech ecosystem, and digital-first consumers demanding personalised solutions will all revolutionise how insurance looks like in the future.
This presenter / panel workshop hybrid will be anchored by two presentations examining the socioeconomic, medical and technological factors that will have a significant impact on mortality and our pricing over the next 20 years and beyond. It will also discuss whether significant mortality improvement will continue in Asia or whether varying experience of low improvements or deterioration.
16.00-17.00 (GMT+8) | 09.00-10.00 (BST)
This presentation explores some liability-aware investment solutions to address local regulatory changes faced by insurance companies in Asia.
This presentation aims to provides an overview of the reformation of current Chinese regulatory solvency regime, how industry coping with the new normal after pandemic time and how the reformation of the regulation could help the insurance industry gets back on its feet as well as coming back to the “protection” core value for the policyholders. The presentation would include:
16.00-17.00 (GMT+8) | 09.00-10.00 (BST)
The basic data of China’s 2nd Critical Illness Mortality Table covers 2000+ products in Chinese market, including about 340 million insurance policies and 5.1 million claimants. Presenter will give the audience a general understanding including but not limited to the following contents:
What are the advantages of using artificial intelligence (AI) in investing? What are the differences between traditional quant and AI? This new webinar discusses challenges and the future of AI in the investment sector.
Delivered by the IFRS 17 Contractual Service Margin working party.
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields.
This session is a repeat of the one earlier today at 09:30
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.
This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.