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Volunteer vacancies

See below for our current vacancies

Every individual who supports the IFoA, be that as a volunteer (member or non member), or in any other role, works in partnership with the IFoA Executive staff to deliver our strategy and Royal Charter, in line with our values

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Choose categories above and click apply to float vacancies in those categories to the top of the list.

Current Volunteering Opportunities

Subscribe to Institute and Faculty of Actuaries: Current volunteer opportunities.
Application closing date: 23 August 2021

Use your voice to help shape the future of the profession!

As a young professionals, your input is invaluable to ensure members have the skills, qualifications and support they need now and in the future. The newly established Voice Group is an opportunity for you to share your views and insights and help shape the future of your profession.  

We are looking for Voice Group members from:

2 members per region

UK

India

China (Mainland and Hong Kong SAR: one member from each region)

 

1 member per region

Ireland

Singapore

South Africa

Malaysia

Thailand

Middle East 

Africa 

Europe (excluding UK and Ireland)

As a Voice Group member, you will work with the IFoA Markets Development Group (MDG) and provide feedback, ideas and suggestions that will be shared and explored with the IFoA senior leaders. You will have the opportunity to develop these conversations directly with the IFoA President, IFoA CEO and the Director of MDG. 

In order to be an area representative you MUST:

  • be employed in an actuarial or actuarial related role
  • have joined the IFoA within the last 7 years 
  • have experience of the current curriculum and exams 
  • be willing to work collaboratively with the IFoA to develop solutions and initiatives to support the future of the profession  
  • have a strong network, be confident in engaging with a wide range of stakeholders and passionate about being the voice for young members regionally

Time commitment

Meetings will be held once a quarter (lasting one to two hours) plus one to two hours for preparation and post-meeting work. Meetings will be virtual so that location is not a barrier. In addition there will be ad-hoc requests to input on IFoA strategic direction and initiatives (amounting to no more than one hour per month)

Members of the group will serve an initial two year term, with an option for this to be extended by mutual agreement.

What you’ll get in return 

In return for your time you will have the opportunity to:

  • expand your network, working with professionals based in different countries  
  • be the voice of young actuaries in your region 
  • work with the IFoA senior leaders to shape the future of the profession
  • raise your profile and develop your personal and professional skills 

How to apply

If, having read the information above, you would like to express an interest in being a Voice Group member please contact the Engagement Team.  When contacting us please provide:

  • an outline of your reasons for wanting to participate in the Voice Group (no more than 500 words)
  • your ARN number
  • the location you wish to apply for
  • brief supporting statements by two IFoA Associates or Fellows (please include their ARNs)

If you would like an informal discussion prior to applying contact Richard Scott.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support. 

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Finance and investment, General insurance, Health and care, Life insurance, Pensions, Risk management, Student, Sustainability
Application closing date: 15 August 2021

The Institute and Faculty of Actuaries (IFoA) Scottish Board’s purpose is to encourage development of the actuarial community, advancement of academic development and a raised public profile in Scotland.

The Scottish Board is seeking to co-opt up to two members to join the Board to complement the skills and experience of the existing Board members.

If you are a member of the IFoA who is based in Scotland and you feel you would like to help to provide a focus for members based in Scotland or who have strong links to Scotland, we would encourage you to express an interest in this role.  

View the Task and Person Specification 

We welcome expressions of interest from members of the IFoA at all stages of their career who wish to assist the Board with its remit.

Expressing interest
To express interest in joining the Scottish Board please contact Engagement Team.  When contacting us, please provide the following:

  • brief details of your experience and skills 
  • brief details illustrating how you feel you could assist the Board with its remit
  • a note of where you are based in Scotland, and your employer (if applicable)
  • your ARN.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support. 

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Finance and investment, General insurance, Health and care, Life insurance, Pensions, Risk management, Sustainability
Application closing date: 30 September 2021

The Mortality Research Steering Committee (MRSC) is a group of actuaries and professionals from related disciplines who aim to advance mortality research. The committee is seeking to new members from the actuarial community or related disciplines. The new members will ideally have experience in mortality, morbidity and/or the assessment of demographic risks within a GI context but strong candidates in the demographic risks generally would be welcome to apply  . 

Key tasks
Committee Members are responsible for:

  • Helping to ensure IFoA Mortality, Morbidity and Longevity research aligns with the IFoA strategic objectives 
  • Identify opportunities for collaboration with the wider community of academics, actuarial bodies and other professional associations.
  • Maintain awareness of current research, emerging issues and hot topics in mortality, morbidity and longevity research and communicate these to the committee members.
  • Assist with the oversight of knowledge exchange activities, such as the publication of the IFoA’s ‘Longevity Bulletin’.

Key skills and experience
Ideally, candidates will have the following skills and experience:

  • An understanding of the research strategy of the IFoA and a desire to help shape and develop the future research agenda of the actuarial profession
  • Expertise in one of two subject areas 
    • Understanding of GI best practice with respect to the management of demographic risks
    • Direct experience of the current issues affecting the management of mortality and morbidity risk
  • A strong interest in mortality, morbidity and longevity and related disciplines
  • A good industry or academic profile and an excellent existing network of contacts in the mortality, morbidity and longevity field and/or related disciplines
  • Experience of producing and reviewing research outputs such as conference papers and research reports.

View the full Task and Person Specification

For more information on the MRSC please click here.

We particularly welcome applications from the broader diversity of the professional community, especially international candidates and people with protected characteristics that are under-represented, such as women, disabled people, those from minority ethnic communities and people aged under 50. Appointed on merit; committed to diversity and equality.

How to apply
If you would like to express interest in this role, please contact the Engagement Team.  When contacting us please provide the following information:

  • Brief details outlining how you meet the key skills and experience set out in the Task and Person Specification
  • Brief outline of your reasons for wishing to take on the role
  • A note of what you feel you could bring to the role
  • Curriculum Vitae
  • ARN, if you are an IFoA member
  • If you are a non-member, your full contact details.

All expressions of interest will be followed up by the selection panel after the closing date. 

This is an unpaid volunteer role. Details are contained in the Task and Person Specification.

Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP). Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: General insurance
Application closing date: 8 August 2021

Would you like to work with the Institute and Faculty of Actuaries (IFoA) Executive staff to help oversee and develop the next stage of our global Quality Assurance Scheme (QAS)?  If so, please read on!

Background
The QAS Sub-committee is tasked with overseeing the QAS which is a voluntary global accreditation scheme for organisations that employ actuaries.

The objectives of the QAS are to promote quality assurance at an organisational level; to promote confidence in the work of actuaries; and to provide an important mechanism to identify issues affecting the quality of actuarial work.

The QAS is a key IFoA initiative, with 45 accredited organisations so far.  This is an exciting time for the QAS as it enters its second phase, with the first accreditations (from 2016) up for renewal in April 2022 and the scheme undergoing a refresh.  

Additional information about the QAS is on our website

Vacancies
We are seeking two actuaries to join the Sub-Committee.  Applicants must be a Fellow or Associate Member of the IFoA, or of a relevant professional body.

For more information on the role, please see the Task and Person Specification.

If you are interested in this role, but would like an informal conversation, please contact Katie Wood QAS Manager at the IFoA

If, having read the documents above, you would like to express an interest in volunteering to join this Sub-committee, please contact the Engagement Team with the following:

  • a summary of your relevant skills and experience
  • brief reasons why you wish to be involved/what you feel you can bring to the role
  • confirmation of your ARN, if you are a member of the IFoA
  • if you are a non-member, please provide your full contact details and a brief CV.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Lay (non-members), Regulation
Application closing date: 29 July 2021

The IFOA is seeking to appoint a member to join the steering group for ICAT.  ICAT was formed in April 2020 to rapidly react to emerging events in the COVID-19 pandemic, particularly providing forums for discussion and the production of material on matters actuarial and otherwise.  In Phase 2 of ICAT, this will involve a much narrower focus on the issues of public interest and professional impact that are not covered adequately elsewhere.

Task Specification
This ICAT leader will be required to:

  • integrate into the current low hierarchy steering group consisting of other IFOA members and staff, with at least weekly coordination calls
  • provide leadership in driving new developments and ways of working to promote rapid professional response to the emerging issues
  • interact with other IFOA bodies including the existing ICAT workstreams and the practice boards
  • interact with other actuarial professional bodies, as well as industry bodies and regulators.  In particular enhance the ICAT support for work with the UK ONS, DHSC, GAD and input into Sage.

Other detail:
Tenure:
This is a one year appointment, depending on the continued duration of the COVID-19 pandemic and consequent social and economic impacts.

Time Commitment: Steering meetings are one hour per week, while additional interactive meetings and thinking would be estimated to be an additional 3 hours per week. Hence a half day per week is envisaged.

Reporting: To the IFOA Council and Management Committee

Person Specification
The ICAT leader will be someone who:

  • is an Associate or Fellow of the IFOA
  • is able to chair meetings and coordinate activity effectively
  • has a broad view and understanding of all or most areas of actuarial practice, including Life Insurance, Pensions, General Insurance and Risk management. Not however that detailed knowledge of these areas is not required as the practice boards will provide this, but the ability to develop a sense of importance on emerging topics is required.
  • is willing to represent the IFOA at public forums
  • is able to drive initiatives and ensure delivery by groups of volunteers to defined scopes and within defined timelines

In return the volunteer will

  • be able to understand and influence the changing nature of the IFOAs working, most notable rapidly and professionally react to emerging event
  • gain broader understanding and insight into the long term impacts of COVID-19 beyond the health issues
  • gain a high degree of profile inside and outside the profession

ICAT is committed to diversity and inclusion and actively welcomes applicants from across the spectrum of the actuarial community.

Meetings are held virtually to facilitate participation regardless of location.

Would you like to speak a member of the taskforce, to get a sense of what is actually involved prior to applying? Then contact the Engagement Team who will organise this for you.

If you would like to express an interest in volunteering to join this board, please contact the Engagement Team with brief details of your relevant experience

  • your reason(s) for wishing to get involved
  • a note of your ARN.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Finance and investment, General insurance, Health and care, Life insurance, Pensions, Risk management, Sustainability
Application closing date: 19 July 2021

The current Editor of The Actuary magazine, the leading publication for the actuarial profession and the magazine of the Institute and Faculty of Actuaries (IFoA), will step down at the end of his term in December 2021. We are now seeking to hear from a highly motivated, enthusiastic member of the IFoA who feels able to lead the editorial team of this magazine.

For further details of the role, please view the detailed role description.

How to express an interest

If, having read the detailed role description, you feel you have the right skills, experience and time, to devote to this exciting role please contact hrsupport@actuaries.org.uk with the following information:

  • Brief details of your relevant skills and experience
  • Reason(s) why you wish to take on this role
  • What you feel you could bring to the role
  • Your CV, including details of your current employer (if applicable) and geographic location
  • A note of your ARN.

All expressions of interest will be followed up by the selection panel after the closing date. The selection panel will comprise the current Editor, Managing Editor, the IFoA’s Director of Public Affairs and Research, and a member of the IFoA’s Communications Team. A short list of candidates will be invited to take part in interviews, which are expected to take place by mid-August. A candidate is expected to be appointed by end of September.

This is an Office Holder role. As such the successful candidate will be remunerated at the rate of £500 per month. This remuneration will be subject to tax and National Insurance.

The Professional Support Service (PSS) is a free support service for Institute and Faculty of Actuaries (IFoA) members.

We are currently seeking to strengthen the existing pool of support in our Life and General Insurance panels and to appoint additional experienced, qualified, members of the IFoA to volunteer to become part of the PSS.  As such these volunteers will provide members with the benefit of their expertise and to assist them in the interpretation of:

  • The Actuaries’ Code
  • Actuarial Profession Standards
  • Guidance Notes
  • Technical Actuarial Standards issued by the FRC

In addition assistance is provided for members facing difficult professional issues.

Volunteers exchange views by email to reach an agreed response, assisted by IFoA General Counsel Executive.  In more rare and isolated cases, volunteers may have an opportunity to have direct contact with a member seeking support from the service either by email, or by phone (by prior arrangement).  

Time Commitment
The time commitment varies but will not be more than a maximum of two hours per month.

We are particularly keen to hear from members working in General Insurance and Life, who have an interest in professional ethics.  We are also keen to hear from members who are based outside the UK.

How to get involved
If you would like to express an interest in volunteering to join the PSS, please contact the Engagement Team with:

  • your reason(s) for wishing to get involved and your relevant experience in your main practice area
  • a note of your ARN.

All expressions of interest will be progressed as received, and reviewed by a selection panel.  Appointments will be based on the information provided.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: General insurance, Life insurance

Students – we need your passion and ideas! 

Student volunteers are one of our most valuable assets.  We are currently seeking enthusiastic and committed students from our global community who are ready to get involved to help shape the exam experience for future students as Lead Representatives to coordinate and chair feedback forums in their regions.

As the Lead Representative, you will work with us and other forum members on future decisions or considerations in regards to exam process, structures, administration and other key aspects of the student experience.  Being a regional representative for us is one of the most impactful ways to contribute to your profession and make positive change.  We have six global forums to ensure that you can have your say, no matter where you are located.

The locations where we would like regional representatives to help us include:

  • Europe
  • East Asia
  • South-East Asia

*Students from the UK and Ireland are represented by the Student Consultative Forum

Depending on the availability and interest levels, we are prepared to establish other forums.  Please contact the Quality Team to discuss this further.

In order to be an area representative you MUST:

  • be a student member of the Institute and Faculty of Actuaries (IFoA)
  • be available in the month after the exams (May/June and October/November) when the forums will take place
  • be able to attend virtual meetings, using either phone conferencing or other digital collaborative platforms.  Face-to-face meetings may also be considered
  • have access to a computer and intranet as this role will require conducting student consultations during the period directly after exams.

This opportunity is open to all IFoA students; however, representatives will only be able to apply to represent the forum in their geographical location of work.  Please contact the Quality Team if you are not sure which forum you should join.

Please note: The IFoA is at liberty to reshape the forum at any time as needed.

View the Task and Person Specification for this role.

How to apply

If you would like to be considered as a Global Student Lead Representative please contact the Engagement Team.  When contacting us please provide:

  • brief details of your relevant skills and experience to undertake this role
  • a note of your ARN 
  • a note of which global region you wish to apply for.

All expressions of interest will be considered by a selection panel, after the closing date.  The selection will be based on the information you provide to the Engagement Team.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support. 

Categories: Student

Students – we need your passion and ideas!

Student volunteers are one of our most valuable assets.  We are currently seeking enthusiastic and committed students from our global community who are ready to get involved to help shape the exam experience for future students.  As regional representatives, you will work with us and other forum members on future decisions or considerations in regards to exam process, structures, administration and other key aspects of the student experience.

Being a regional representative for us is one of the most impactful ways to contribute to your profession and make positive change.  We have six global forums to ensure that you can have your say, no matter where you are located.

The areas where we are currently seeking regional representatives to help us are:

  • America
  • Europe
  • East Asia

*Students from the UK, Channel Islands and Ireland are represented by the Student Consultative Forum.

Depending on the availability and interest levels, we are prepared to establish other forums.  Please contact the Quality Team to discuss this further.

In order to be an area representative you MUST:

  • be a student member of the Institute and Faculty of Actuaries (IFoA)
  • be available in the month after the exams (May/June and October/November) when the forums will take place
  • be able to attend virtual meetings, using either phone conferencing or other digital collaborative platforms.  Face-to-face meetings may also be considered
  • have access to a computer and intranet as this role will require conducting student consultations during the period directly after exams.

This opportunity is open to all IFoA students; however, representatives will only be able to apply to represent the forum in their geographical location of work.  Please contact the Quality Team if you are not sure which forum you should join.

Please note: The IFoA is at liberty to reshape the forum at any time as needed.

View the Task and Person Specification for this role.

How to apply

If you would like to be considered as a Global Student Representative please contact the Engagement Team.  When contacting us please provide:

•    brief details of your relevant skills and experience to undertake this role
•    a note of your ARN
•    a note of which global region you wish to apply for.

All expressions of interest will be progressed as received and considered by a selection panel.  The selection will be based on the information you provide to the Engagement Team.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

Categories: Student

Would you like to get involved in sustainability and climate issues?  Would you like to gain experience in a rapidly expanding area of expertise that is critical to a sustainable future?

The social, business and financial worlds are increasingly being affected by sustainability risks, the increased likelihood of significant environmental and societal changes and the measures taken by governments to try to deal with them.  As long-term risk managers such developments are of crucial interest to actuaries at all stages of their career.  The IFoA Sustainability Board (the Board) works to identify the implications for actuaries, their clients and to help in the development of appropriate responses.  (The Sustainability Board was renamed from the Resource & Environment Board in August 2020.)

How you can get involved

If you would like to become involved, even just in a small way, please volunteer to join the Sustainability Volunteer Group, and become part of an active community working with the IFoA Sustainability Board.  As this is an increasingly important subject for all current and future actuaries, around the globe, the Board encourages all members of the IFoA to volunteer to join this new group.  The Board is keen to receive support from all areas of practice and is particularly keen to support diversity.  It very much welcomes those new to volunteering and particularly those representing more diverse voices.

Benefits to you (and no pre-loaded commitment!)

By volunteering to join the Sustainability Volunteer Group you will enable the Board to swiftly engage with you, and other interested members. On behalf of the Board, the Sustainability Nominations Group will invite you to be part of separate teams that will deliver valuable outputs, in a timely way, throughout the year.  You will also receive regular updates (including the weekly Sustainable Finance Community Update, a Board initiative) to keep you informed and give you a mechanism to share your views.  You will also have the opportunity for personal and professional lifelong learning, which could support your personal CPD objectives. 

Please note:  by volunteering to be part of the Sustainability Volunteer Group there is no obligation on you to undertake any role. 

Sustainability covers a broad range of interests and we are aware that the ability to volunteer can be impacted, from time to time, by personal and professional commitments.  In fact you are positively encouraged to decline an opportunity if, at the time it is offered to you, you do not feel you have the capacity to take it on, or it does not fit with your interests.  From the Board’s point of view, this is a ‘first call’ bank of names that helps the Board to streamline and speed up its recruitment process, while ensuring the process is open and available to all. 

As an example, one of the groups’ first calls to action will be to put together a new Intergenerational Fairness Working Party.  Read more about, and view details of the Sustainability: Intergenerational Fairness Working Party  

Sustainability volunteer group’s code of conduct

Actuaries are required to adhere to The Actuaries Code.  While non-actuaries are not bound by said code, it is expected that members of the Sustainability Volunteer Group (the Group) will behave professionally.  All members of the Group are expected to act honestly and with integrity (Principle 1 of The Actuaries Code) and to show respect for others in the way they conduct themselves (Amplification 1.1).  All conversations within the Group should be regarded as confidential unless indicated otherwise.  While we hope and expect that these discussions will inform your own thinking, it is not permissible to quote from other members of the Group or infer views held by other members of the Group as a result of these discussions.  Everyone should feel able to express opinions freely within the Group without concern that these opinions will be shared outside the Group without their express permission.

How to join the Sustainability Volunteer Group

We want to make this as simple for you as possible, and at the same time we are keen to learn a bit about you and what interests you, as this will ensure we send suitable opportunities your way.

When you volunteer to join this Group: 

  • we will share your details with the Sustainability Nominations Group and Sustainability Board
  • we will also add you to the mailing list to enable you to receive the weekly Sustainable Finance Community Update.  (Please note this mailing list is not held by the IFoA, it is held and maintained by volunteer members of the Sustainability Board) 
  • once appointed, a member of the IFoA Professional Communities team will send you a proforma template asking you to tell us a bit about yourself, your experience, and your interests, and to include a brief bio.  This will help the Sustainability Nominations Group and Sustainability Board to share relevant opportunities with you
  • your email and brief bio will be shared with other relevant committee members, when appointed to a specific role.  

For members of the IFoA

If you are a member of the IFoA and would like to be part of this Group, please contact the Engagement Team.  When contacting us please provide:

  • a note of your ARN and confirmation that you are a current member of the IFoA.  (By providing us with your ARN this will allow us to see your contact details, location, and where you work/study.)  This will be shared with the Sustainability Nominations Group
  • confirmation that you are happy for your details to be shared as described above.  (If you have any concerns please raise these with the Engagement Team.)

For non-members

Non-members with relevant experience will be welcomed into this Group.  If you are a non-member who would like to volunteer in this way, please contact Nick Spencer, the Chair of the Sustainability Board, to discuss your experience and what you feel you could bring to this Group. 

Next steps

All expressions of interest will be progressed as received.

Please read this message from Nick Spencer, Chair of the IFoA Sustainability Board

This is a new way of nimble working for the IFoA, and one which I hope will resonate with members.  

We would be very grateful if you can share as much as possible within the proforma template when it is sent to you.  Please also ensure the contact details and location of work/study on your IFoA record are up to date.  This will help us to ensure we are best able to bring a diverse mix of volunteers together in each group.

Please also tell others about this new group and encourage them to join.”

Your information is held securely by the IFoA, please see our privacy notice for more information: https://www.actuaries.org.uk/privacy-policy

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the above code of conduct. Further details are given within terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP) with their guidance outlined on our ‘what you need to know’ webpages. 

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Finance and investment, General insurance, Health and care, Lay (non-members), Life insurance, Pensions, Risk management, Student, Sustainability

Is diversity and inclusion important to you?  If you are a member of the IFoA, we encourage you to contribute your perspective and to volunteer to help the IFoA Diversity Action Group.

The Diversity Action Group
The Diversity Action Group (DAG – formerly known as the Diversity Advisory Group) is an IFoA Member Interest Group which works collaboratively with the IFoA Leadership team and is committed to supporting the IFoA in developing, delivering and evolving its strategic diversity objectives as set out in its Diversity Strategy and Diversity Action Plan.  In particular, these objectives, are to: 

  • create and support an inclusive environment 
  • embrace the value of diverse perspectives
  • build awareness and understanding of diversity within the profession for the benefit of our members, the public and profession as a whole. 

The DAG seeks to support the IFoA by leading work-streams to deliver: Toolkits; Campaigns; Resource & Capability; Mentoring; Events; Data; and Communications as set out in the DAG Mission Statement.

You can engage with the DAG in a couple of ways.
 
DAG LinkedIn Group
Any member of the IFoA can be part of this Member Interest Group (MIG) by joining the conversation and following activity through our DAG LinkedIn group or by contacting us through diversity@actuaries.org.uk 

DAG Volunteer Group
In addition to joining the LinkedIn group, we invite members to play a potentially more proactive role by signing up to the DAG Volunteer Group.    

Who can get involved?
Any member of the IFoA.  
The DAG Managing Committee welcomes all members of the IFoA into this group and very much welcomes those new to volunteering and seeks to have as many diverse voices as possible.

What is involved?
As a member of the DAG Volunteer Group, the DAG Managing Committee will share with you more of their plans and thinking and reach out from time to time for your support, expertise or input on specific projects and activities. You will also receive regular updates to keep you informed and give you a mechanism to share your views – via email and by posting news, views and comments on the LinkedIn group.  
 
Please note:  by volunteering to be part of the DAG Volunteer Group there is no obligation on you to undertake a specific role

We are aware that the ability to volunteer can be impacted, from time to time, by personal and professional commitments.  In fact you are positively encouraged to decline an opportunity if, at the time it is offered to you, you do not feel you have the capacity to take it on, or it does not fit with your interests. Any small or occasional help you can offer will make a big difference. 
 
How to join the DAG Volunteer Group
We want to make this as simple for you as possible. If you are a member of the IFoA and would like to be part of this Group, please contact the Engagement Team.  When contacting us please provide:

  • a note of your ARN and confirmation that you are a current member of the IFoA.  (By providing us with your ARN this will allow us to see your contact details, membership status, location, and where you work/study.)  This information will be shared with the DAG Managing Committee. 
  • confirmation that you are happy for your details to be shared as described above.  (If you have any concerns please raise these with the Engagement Team.)

All expressions of interest will be progressed as received.

Volunteering provides you with a wide range of opportunities.  As with all rights and opportunities come responsibilities, we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’  webpages before offering to provide support.

  

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Finance and investment, General insurance, Health and care, Life insurance, Pensions, Risk management, Student, Sustainability

Are you a qualified member of the IFoA?  Would you like to join this working party?

Background

All IFoA members wishing to undertake a reserved role, such as Scheme Actuary, or Actuarial Function Holder, are required, amongst other criteria, to pass the relevant UK Practice Module.

The current UK practice modules consist of an online, on-demand multiple choice assessment. This is to be replaced by an interactive online module.

The Practice Modules working party is looking for volunteers across all relevant practice areas, to input into the development of the new online modules.

The new module will provide more of a focus on the application and understanding of UK practice, regulation and environment. It will consist of a variety of resources including study materials, case studies, facilitated discussion sessions, with specific learning outcomes.

What is involved

The working party is looking for volunteers to assist with a number of tasks associated with the project, including:

Development stage:

  • Developing appropriate case study material
  • Reviewing assessment criteria and learning outcomes

Implementation stage:

  • Live and/or recorded presentations
  • Facilitating generic and practice-specific group discussions

Desired skills

The ideal candidates for the roles should have a current practising certificate and work in a reserved role. The working party is interested in recruiting practicing certificate holders of all levels of experience and from all specialist areas, including, but not limited to: Scheme Actuaries, Actuarial Function Holders, With-profit Actuaries, Reviewing Actuaries, and Lloyd’s Syndicate Actuaries.

Tenure and time commitment

The time commitment will be up to you and will depend on which role listed above you are interested in.

How to offer support

If you are a qualified member of the IFoA, who is willing to take part, please contact the Engagement Team. When contacting us, please provide the following information:

  • Confirmation that you are a qualified member of the IFoA
  • A note of your ARN
  • An indication of your practice area and reserved role
  • A note of why you would like to be involved

All expressions of interest will be progressed as received and will be considered by the working party.

Volunteering provides you with a wide range of opportunities. With all rights and opportunities comes responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP). Please view our ‘what you need to know’ web pages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Education, Finance and investment, General insurance, Health and care, Life insurance, Pensions, Regulation
Application closing date: 1 September 2021

The actuary specialising in health and care sector in the UK remains somewhat a minority. Out of 30,000 members of the IFoA (December 2016), only 440 (1.5%) are identified as part of the health and care industry sector. The proportion is significantly higher in some other countries. The research aims to describe the main areas in which IFOA member actuaries currently work in the health and care sector in the UK and abroad, and identify and assess potential new areas of opportunity.

Of course, a big factor in this pattern in the UK is the existence of the National Health Service providing universal health coverage to all residents in the UK and therefore a relatively small insurance-based health and care market.  In other markets, different forces may be at play, including the structure and maturity of health systems, health financing policy, and the role of public or private insurers in health financing. 

The Health and Care Research Committee launched a new short-term (one year) working party in early 2021 and are recruiting additional members working in the health and care sector or UK health and care industry specialists with knowledge or experience of working with actuaries, e.g. NHS partners. Actuaries working in other countries would also be very welcome to apply. The aim is to produce a short paper to describe the main areas in which actuaries currently work in the health and care sector in the UK and to identify and assess potential new areas of opportunity. The working party will aim to explore the following areas:

      1. Existing roles, new roles and potential for expansion

  • within the insurance industry
    • short-term insurance: PMI, iPMI
    • long-term insurance: CI, IP, LTC
  • outside the insurance industry, including supporting public health care systems and policy makers in areas such as:
    • strategic and financial planning to support commissioning
    • population Health Management
    • pricing activity for service provider organisations
    • risk sharing between health system organisations as they move towards more integrated ways of working
    • links with other professionals within the health system 
    • technical training for health system analysts/finance professionals
    • provision of social care 
    • data science / Advanced analytics of patient data to support care delivery and planning

     2. Barriers to engagement of actuaries in health and care

  • skillsets
  • acknowledgment of actuaries’ roles
  • remuneration
  • risk aversion
  • career paths

      3. How should the IFOA invest resources to equip and enable its members to expand and deepen their involvement in health      and care?  What are the opportunities for further research and education?

Time commitment
This is a short term working party.   Meetings will be by video conferencing / conference call to allow us to widen this opportunity to all members and will be arranged at a mutually convenient time for all involved. There is no requirement to meet in person.

We encourage applications from a diverse range of potential candidates, in terms of, but not exclusively gender, age, disability and ethnicity, as well as reflecting the geographical spread of our membership. Applications are particularly welcome from members based outside the UK.

Next steps
If, having read the information above, you would like to express an interest in volunteering for this working party, please contact the Engagement Team.  When contacting us, please provide

  • brief details of your relevant experience
  • your reason(s) for wishing to get involved
  • a note of which role you are interested in,  member or Chair
  • a note of your ARN, if you are a member of the IFoA
  • for non-members, a brief copy of your CV and full contact details.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Health and care, Lay (non-members)
Application closing date: 1 August 2021

The Institute and Faculty of Actuaries’ (IFoA’s) Finance & Investment Research Sub-committee are seeking expressions of interest from individuals wishing to join this cross practice working party.  

Background
There have been a number of high profile incidents where mutual funds for institutional and retail investors have not been able to meet redemption requests with funds being gated to protect the interests of the overall investors. One recent example is an investment manager who invested in hard-to-sell assets and promised investors daily liquidity on three of his flagship funds. Poor performance was met with a significant increase in redemption requests, which meant the flagship funds had to gate in order to protect the interests of the remaining investors. Last year another investment manager encountered a similar problem and had to gate a number of its flagship daily liquid funds.

In an era of very low interest rates, many funds that promise to pay daily liquidity have built up. Many of these funds contain hard to sell assets. If markets start going down some investors will redeem their holdings putting pressure on these products.

This working party will examine the current regulatory environment, for institutional and retail funds promising daily liquidity and any changes being proposed. The working party will also draw parallels to the insurance industry; in particular unit linked funds that promise daily liquidity. The working party  will offer ideas on how mutual fund investments can better protect investors from the possibility of not being able to sell their holdings.

Objectives

  • list the fund structures of most relevance 
  • to determine current regulatory rules and new changes being proposed for the most widely used daily liquid funds for retail and institutional investors; to offer ideas on how to better protect liquidity 
  • to draw parallels with the insurance industry and compare guidelines and restrictions for unit fund investments that promise daily liquidity
  • to determine the trade-off between holding cash (lower expected return) and avoid gating too frequently
  • to consider alternative structures for example semi closed funds
  • to consider better communication around illiquidity risks; in particular for retail investors
  • to publish papers/presentations covering any findings from above and working party’s recommendations
  • to present findings and results at IFoA and industry conferences

The working group is particularly interested in hearing from applicants who have experience either in asset management or insurance companies trading liquid and/or illiquid investments. Experience dealing with regulatory bodies in relation to the structuring and trading of funds would also be high valued by this working group.

Time commitment
Time equivalent to approximately one day per month.  Made up of participation in monthly meetings and follow up actions between meetings.  Meetings will be by conference call to allow us to widen this opportunity to all members.  Conference calls will be arranged at a mutually convenient time for all involved.  There is no requirement to meet in person at this time.

How to get involved
If you would like to express an interest in joining this working party please contact Engagement Team.  When contacting us please provide:

  • brief details of your relevant experience
  • your reason(s) for wishing to be involved
  • a note of your ARN, if you are a member of the IFoA
  • for non-members, your contact details and a brief CV.

Applications will be reviewed by the Chair of the working party after the closing date.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.  

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Finance and investment, General insurance, Health and care, Lay (non-members), Life insurance, Pensions, Risk management, Sustainability
Application closing date: 15 August 2021

The Institute and Faculty of Actuaries’ (IFoA’s) Pensions Board (the Board) is a source of expertise within the IFoA on matters relating to the pensions practice area. 

The Board is seeking to appoint an IFoA Fellow or Associate to join the Board to help drive this Board forward and to complement the existing members of the Board.  The Board covers a broad range of topics related to pensions, including both DB and DC, and has diverse experience among the current members. To reflect recent membership changes as well as a current focus of the Board, the Board is keen to recruit an individual with significant experience of working as a scheme actuary, or with scheme actuaries, on DB pension schemes. 

The Pensions Board is committed to promoting diversity, inclusion, and equal opportunity for all Board members.  We encourage applications from a diverse range of potential candidates, in terms of, but not exclusively gender, age, disability and ethnicity, as well as reflecting the geographical spread of our membership.  

View Task and Person Specification 
View Terms of Reference 

How to offer support
If, having read the above information, you feel you have the skills and time to devote to this role, and would like to offer support, please contact the Engagement Team.  When contacting us please provide the following information:

  • brief details of your relevant background 
  • a note of what you feel you can bring to the role
  • your reason(s) for wishing to get involved 
  • a note of your ARN.

All expressions of interest will be considered by a selection panel which will include the Chair of the Pensions Board.  A shortlist of candidates will be invited to interview.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Pensions

The Pensions Lifelong Learning Sub-committee is looking to appoint new members.  In particular, we are interested in applications from members to help ensure that we cover a varied and appropriate range of topics in our CPD Programme and Annual Pensions Conference.

This sub-committee plays an important and highly active role in shaping the content provided in the Institute and Faculty of Actuaries' (IFoA's) Pensions CPD events and education.  They seek to ensure the events include a good mix of professionalism, current issues, and hot topics.  The tasks involved include:

  • creating and developing an excellent and varied pensions CPD events programme
  • content for Pensions Conference
  • identifying topics and potential speakers for specific events
  • listening to members’ feedback.

View Task and Person Specification

View the Terms of Reference

Skills and experience 

If you are a member of the IFoA, and have an enthusiasm for lifelong learning and planning CPD events, we would like to hear from you.  We are ideally looking for volunteers who have:

  • an awareness of current issues in pensions
  • an ability to come up with ideas and to identify hot topics
  • a willingness to pro-actively help organise and chair one event per year (this includes making contact with the potential speakers and securing their support)
  • a desire to develop CPD online and explore new delivery methods would also be an advantage but is not essential
  • experience of organising training events is also desirable but not essential.

In order to broaden the expertise on the sub-committee, we are particularly interested in hearing from individuals who currently work within the public sector, and/or with defined contribution or defined benefit pensions experience, but welcome all submissions of interest.

Time commitment

The time commitment would be one hour meetings every quarter, from September through to July, plus approximately another hour per month (more when managing a specific event) for follow up emails/calls etc.  Meetings will be by conference call to allow us to widen this opportunity to all members, and do not require members to attend in person.

Calls will be arranged at a mutually convenient time for all involved.  If you live or work near to one of the IFoA offices, you are welcome to make use of our facilities for the call.  Similarly, if more than one member of the working party is based close to each other, you may agree to meet up and dial in together, but there will be no requirement for volunteers to meet in one place.

How to volunteer 

If you would like to volunteer, or find out more, please contact the Engagement Team.  When contacting us,  please give brief details of your relevant experience and your reason for wishing to be involved.  A note of your ARN would also be helpful.

Offers of support will be progressed as received.

Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Pensions
Application closing date: 28 July 2021

Commutation rates offered by pension schemes on retirement affect real money paid out to real members as well as increasingly being an area of discussion and debate as part the funding agreements with scheme sponsors. This is an area highlighted in the recently published Thematic Review - Pensions: actuarial factors used to calculate benefits in UK pension schemes for further research. Therefore the Pensions Board is establishing a new vibrant and diverse working party to consider the advice given by actuaries on commutation rates.

The main aims of the working party will be focused on producing reference materials to consider the following:

  • the appropriate adjustments to make for selection risk, market volatility, and other common criteria in use in the determination of commutation rates. For example, if rates are adjusted downwards by 10% due to selection risk, what does that imply about the longevity of individuals who take commutation? 
  • the appropriate ‘frequency of review’ for commutation rates where they are not directly market-related, including mechanisms to determine when a new review may be needed 
  • the way commutation rates should be presented. This is against the backdrop that the Review found that in nearly 30% of cases the actuary’s advice was not accepted in full
  • which criteria are “reasonable” when actuaries are required to certify commutation rates under a scheme’s rules.

Membership of the working party
The Pensions Board is seeking working party members representing a range of relevant experience such as pension scheme actuaries to large or small schemes, trustees, pensions managers and others (including non-actuaries) with an interest in the way commutation rates are set.

Time commitment and participation
The time commitment is approximately one day per month, made up of attendance at a monthly meeting by conference call lasting approximately one and a half hours, with follow up research and actions between meetings.

It is anticipated that the Working Party will meet over the next 12 to 18 months, in order to consider the agreed aims and produce materials.

How to get involved
Please contact the Engagement Team.  When contacting us please provide the following information:

  • your name and the name of your organisation
  • your reasons for wishing to get involved
  • what you feel you could bring to this working party
  • your ARN, if you are a member of the IFoA
  • if you are a non-member, full contact details 

All expressions of interest will be considered by a member of the Pensions Research committee.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Lay (non-members), Pensions
Application closing date: 25 August 2021

GIROC is the Reserving Research Group and meets every two months to help progress research of the reserving working parties and discuss ways of keeping members' reserving practices up to date and valued by the general insurance market. 

This established group is looking for a new Chair for the existing Chair to handover and focus on their GI Board role. GIROCs expertise and views are highly thought off and feed up into the GI Board although the Research Group is supported by GIRTL.

If you are interested in chairing a group of dedicated volunteers to further reserving in general insurance this could be for you. It's a great chance to give back, learn more and be at the cutting edge of reserving issues and hone those leadership skills. 

GIROC is committed to promoting diversity, equality of opportunity and inclusion, for all members and the wider practice area.  We actively encourage applications from under represented groups. 

Time commitment
The Chair role typically takes up about one day a month. With a meeting of a couple of hours every two months followed up by meeting others to solve issues and promote the group's work. Meetings can be conducted remotely to ensure location is not a barrier and when conditions allow may also be held in London, although the Chair does not need to be in any particular place in person. 

How to Volunteer
If you would like an informal discussion with the outgoing Chair, prior to application, please contact Engagement Team.

If you would like to offer your support and volunteer to chair GIROC, please contact the Engagement Team

When contacting them, please provide:

  • Brief details of your relevant experience
  • Your reasons for wishing to join the working party
  • A note of your ARN 
  • For non IFoA members, your contact details and a brief CV

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: General insurance, Lay (non-members)

The General Insurance Research and Thought Leadership Sub-committee (GIRTL) is responsible to the General Insurance Board (GI) for all matters relating to research and thought leadership, specifically within the GI Practice Area and The Institute and Faculty of Actuaries (IFoA)  is seeking to appoint both members and suitably qualified non-members to join this sub-committee for an active research programme. 

We are particularly seeking to recruit volunteers, who have research experience from all parts of the General Insurance (GI) industry.  Volunteers will have a passion for actively fostering and driving forward all stages of research and thought leadership for their peers working in the GI Practice Area.

Full details of the requirements for the role is laid out in the Task and Person Specification documents below: 

Time Commitment
Up to two days per month, including following up on actions as required ensuring deadlines and commitments are met; and attending committee meetings currently scheduled monthly. Meetings are usually held in London although participation can be by conference call / video conference to allow us to widen this opportunity to all members.  There is no requirement to meet in person at this time.  

Next steps

If, having read the documents above, you would like to express an interest in volunteering for this sub-committee, please contact the Engagement Team.  When contacting us, please provide:

  • brief details of your relevant experience
  • your reason(s) for wishing to get involved
  • a note of your ARN, if you are a member of the IFoA
  • for non members, a brief copy of your CV and full contact details.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: General insurance, Lay (non-members)
Application closing date: 22 August 2021

The GI Insurtech Working Party was set up in 2019 to keep the profession informed on developments and trends in the insurtech space, with particular emphasis on any impacts on actuarial work.  The working party has completed its ‘Act 1’ research and report, to be published soon.  This has focused on four key themes of insurtech – IoT; use of image, video and audio data; AI and automation; parametric insurance. 

We are now looking to refresh the membership and launch ‘Act 2’ of the working party.  The basic aims will remain the same, but we anticipate executing smaller, more focused pieces of individual research and media scanning, and delivering more frequent short-form output.  Insurtech is a dynamic area, and this approach should allow us to keep the actuarial community informed and updated.

The full scope of Act 2 is not yet decided and we particularly welcome fresh ideas from new members.  We will have a relaunch meeting in early September to decide the framework for Act 2, and we hope to have new members on board by then.

Membership
Membership is open to both members and non-members of the IFoA.  Ideally you will have some knowledge of or exposure to insurtech, but an enthusiasm to learn, research, and contribute to the working party is the most important criterion.  

Time Commitment and Participation
Approximately six hours per month.  We have a formal working party meeting every other month and an informal catch up in the intervening months.   

How to get involved
If you are interested in becoming a member of this working party, please contact the Engagement Team.  When contacting us please provide the following information:

  • your name and the name of your organisation
  • your reasons for wishing to get involved
  • what you feel you could bring to this working party
  • your ARN (if applicable), or non-members who meet the above criteria can volunteer by providing full contact details including postal address, email and a phone number.

All expressions of interest will be considered by the chair of the working party.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: General insurance, Lay (non-members)

The overarching objective of the Flood Working Party is to be a source of knowledge and expertise within the Institute and Faculty of Actuaries (IFoA) on matters relating to flood.  The working party’s research has a strong UK focus.

The working party is seeking additional members, and would welcome applicants from IFoA members, or non-members, with the following: 

  • experience of actively contributing to a working party
  • skilled in leading discussions and driving research objectives
  • extensive knowledge of the topic
  • a strong network of contacts within the industry.

If you have a passion for the subject and the time to contribute we would like to hear from you.  In particular, an awareness of customer interaction with insurance and of public policy or capital and reserving expertise are sought, as this working party is comprised of a broad mix of skills.

Further details of the Flood Working Party can be found on the IFoA website.

Time commitment

Members will be asked to commit three to five hours per month for active involvement in this working party, including a monthly meeting, which is by conference call to allow wider participation.  There will be no requirement for volunteers to meet in one place.

Volunteers are also asked, where possible, to contribute to presentations.  This is by mutual convenience with no requirement to attend any specific conference.  There are opportunities in various locations in the UK, as well as in London.

How to get involved

If you would like to volunteer to be considered as a member of this working party, please contact the Engagement Team.  When contacting us, please provide the following information:

  • a note of your relevant experience and interest in the topic
  • your reasons for wishing to get involved
  • a note of your ARN, if you are a member of the IFoA
  • if you are a non-members, please provide your full contact details (including postal address, email and a phone number) and a copy of your CV.

All offers of support will be progressed as received, and reviewed by a selection committee.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: General insurance, Lay (non-members)

Our starting premise is that whilst machine learning techniques are widespread in pricing, they are not being adopted ‘on the ground’ in reserving (certainly in the UK).  The idea of the working party is to help move this forward, by identifying what the barriers are, communicating any benefits, and helping develop the research techniques in pragmatic ways.

At the same time we understand the resource and time pressures that reserving actuaries are under and the aim is not to replace existing reserving methods per se, but to start the journey to understanding if and how machine learning may help us in our day to day work.

This is an international working party bringing together experts in this field from around the globe.

Scope

1.  Find out where the market is on progressing this

  • What are the barriers
  • What are the benefits?

2.  Bring together papers/work done to date
3.  Undertake research

  • Identify any “literature gaps”, eg areas as yet unstudied;
  • Carry out research to fill the gap
  • This is likely to include an element of education in data science techniques using examples

4.  Look at specific questions around techniques, eg:

  • What techniques should be looked at/which work best and why?
  • How to incorporate actuarial judgement into process
  • How to measure/spot trends
  • Can uncertainty be measured?
  • IBNER most modelled for these purposes– what to do about IBNYR?
  • Paid is often more reliable than incurred – can the information in case estimates be utilised?
  • Use of operational time/claims process

5.  What research should be commissioned?
6.  Trust and Ethics

  • Analysis of the wider debate in machine learning where relevant to our work

7.  What data sources are available?

  • For testing methods
  • Incorporating wider data sources, pricing, claims, external data. 

We are particularly interested in volunteers with relevant experience, however the working party is open to everyone with enthusiasm for the subject and time to commit. Applications are welcome from both members of the Institute and Faculty of Actuaries (IFoA) and non-members.

Time commitment

It is estimated that volunteers will be asked to devote at least one or two days per month to the research, developing models and/or writing up findings.  
 
How to Volunteer

If you would like to offer your support and volunteer for this working party, please contact the Engagement Team.   When contacting us, please provide:

  • Brief details of your relevant experience
  • Your reasons for wishing to join the working party
  • A note of your ARN (if you are a member of the IFoA)
  • For non IFoA members, your contact details and a brief CV.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.  

  

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: General insurance, Lay (non-members), Student

The Institute and Faculty of Actuaries' (IFoA’s) Third Party Working Party investigate emerging claim trends in third party motor insurance.

Objectives:

  • work in conjunction with the Periodical Payment Orders (PPO) Working Party to ensure that key messages of interest to the industry, consumers, the press or government bodies are appropriately aired
  • collect additional data from within the UK market or from other sources as the working party sees fit
  • maintain appropriate standards with respect to competition law – in particular no individual company actuary will see any data other than aggregate market data and there will be no discussion around pricing related matters
  • all data processing is being hosted and anonymized by Willis Towers Watson.

View full details and recent press releases

Membership of the working party

The working party aims to include a representative from each organisation that handles UK based General Insurance (GI) third party data.  While this is an individual volunteer appointment, the individual volunteers appointed to this working party are appointed to represent their organisation. 

Time commitment and participation

The timecommitment is approximately one day per month, made up of attendance at a monthly meeting by conference call lasting approximately one and a half hours, with follow up research and actions between meetings.

How to get involved

If you work for an organisation that handles UK based third party data and your organisation is not currently represented in this group, we would like to hear from you.  Please contact the Engagement Team.  When contacting us please provide the following information:

  • your name and the name of your organisation
  • brief details of the type of UK based third party data your company handles
  • your reasons for wishing to get involved
  • what you feel you could bring to this working party
  • your ARN, if you are a memebr of the IFoA
  • if you are a non-members who meet the above criteria, full contact details including postal address, email and a phone number.

All expressions of interest will be considered by the Chair of the working party.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: General insurance, Lay (non-members)

The pool will support IFoA members who cannot identify an ‘Appropriate Person’ from within their own network of colleagues and contacts.  This will support members of the IFoA to comply with their requirements under the CPD Scheme.  

If you are a qualified member of the IFoA, please consider joining this new pool.  By doing so, you will be supporting other members with their reflective practise discussions, as part of the new CPD Scheme.  

The IFoA Appropriate Person Pool, aims to provide IFoA members with access to experienced (qualified) IFoA members around the globe who are willing to have a conversation around learning, development and reflection.  

The service is entirely free and is based on members volunteering to provide this support.

Noted below is an outline of what is required in a reflective practice discussion.

What is involved

The aim is to support the member in determining whether they have carried out meaningful learning through their CPD.  This should entail:

  • facilitating an open discussion on the member’s learning and development
  • assisting the member in reflecting on their learning needs, the outcomes of their CPD activities and whether the outcomes addressed the needs 
  • assisting the member in identifying gaps in their learning
  • making suggestions as to other areas to learn about and other activities to consider following up with the member to provide support, if required. 

Desired skills

To offer support, you need to be a qualified member of the IFoA, with the following:

  • an understanding of what reflection entails
  • the ability to speak openly and to encourage reflection
  • a desire to understand the work the member does, their role, development and the learning outcomes of their CPD. 

All Appropriate Person Pool members will receive training (via webinar) at least once each year.

View Appropriate Person Scope of Role  

Tenure and time commitment 

The time commitment will depend on the number of members you decide to facilitate.  You should expect to allocate approximately three hours per member discussion (encompassing prep time, discussion time and follow up time.)  

For consistency, we hope volunteers will be willing to join the Pool for a period of three years, renewable annually, up to a maximum of six years in total.  However, you can step down at any time.

How to offer support

If you are a qualified member of the IFoA, who is willing to take part, please contact the Engagement Team.  When contacting us please provide the following information:

  • confirmation that you are a qualified member of the IFoA
  • a note of your ARN
  • an indication of which practice area(s) you cover
  • confirmation of how you wish your name, location (City/County) and email address to be displayed in the Appropriate Person Pool in the members’ area of our website.

All offers of support will be progressed as received.

Volunteering provides you with a wide range of opportunities.  As with all rights and opportunities come responsibilities, we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Finance and investment, General insurance, Health and care, Life insurance, Pensions, Regulation, Risk management, Sustainability

"Organisations that employ at least three qualified actuaries are encouraged to appoint a CPD Co-ordinator".  This is an Institute and Faculty of Actuaries (IFoA) recommendation.

CPD Co-ordinators play a key role in effective engagement between organisations who employ our members and the IFoA. Organisations with multiple offices often appoint one per office.  Some of the large organisations appoint one CPD Co-ordinator per practice area, eg a different person for Life and General Insurance in the same organisation.
 
We have created, following peer review, a CPD Co-ordinators Guide, called "The role of the CPD Co-ordinator: Engaging with employers". This guide highlights the principles, benefits and opportunities. 

Download The role of the CPD Co-ordinator: Engaging with employers.

Within the guide you will find:

  • Page 4:  sets out the information CPD Co-ordinators will receive
  • Page 7:  provides opportunities for your organisation to engage
  • Page 11: gives nine examples; how others do it.  In this section nine CPD Co-ordinators share their thoughts.

As CPD Co-ordinator you will also receive the CPD Co-ordinators quarterly newsletter as well as other updates, from time to time.  View the latest CPD Co-ordinators newsletter.

The IFoA maintains a database of all CPD Co-ordinators.  The database is growing and not all organisations are represented as yet.  If you would like to check if your organisation is represented, or to volunteer to act as a CPD Co-ordinator for your organisation, please contact the Engagement Team.  When contacting us please provide a note of the name of your organisation, approximately how many offices your organisation operates around the globe and a note of your ARN, if applicable.  If you are a non member, please provide your full contact details.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support. 

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

If you are a Fellow of the IFoA, with an interest in professional discipline and standards, we encourage you to volunteer to join our pool of Actuary Panel members.  You remain in control of when you get involved; and the IFoA benefits from your experience and understanding of how the Actuaries’ Code is applied in practice and justifies the trust the public places on our actuary members.

The IFoA is currently seeking volunteers to widen the experience on the Actuary Member Panel Pool.  We would welcome applications from IFoA Fellows working in all areas.  Also, given the increasing international membership of the IFoA, we are very keen to appoint Panel Members based outside the UK.

Why get involved 

Allegations about professional misconduct against members are dealt with under the IFoA’s Disciplinary and Capacity for Membership Schemes (“the Scheme”).  The Panel Pool is a group of actuary and lay (non-actuary) members who convene in Disciplinary Panels of three (the Panel) to hear allegations of misconduct that have been investigated under the Scheme.  

This is an excellent IFoA volunteer appointment opportunity allowing you to give back to the profession and to better understand the types of conduct issues that are dealt with under the Scheme, while also enhancing your decision making skills. 

The principal role of the Panel is to consider the merits of each case and reach a decision on the facts and any appropriate and proportionate outcome that is sufficient to meet public interest considerations. 

Our Disciplinary Panels are supported by the IFoA Judicial Committees Secretary and the legal expertise of a Legal Adviser to ensure disciplinary matters are conducted in a fair and transparent manner.  Panel member time commitment depends on the complexities of the case and involves considering case papers in advance of sitting at either a private administrative Adjudication Panel meeting or a public Tribunal hearing.  You will normally be asked to sit on panels dealing with matters relevant to your practising experience.

Training

Each Panel Pool member will receive initial training, provided by the Judicial Committees Secretary.  There is also an on-line training resource and face to face training sessions which can be delivered by webinar or by way of video conference.  This training may count towards relevant CPD.

View the Task and Person Specification for members of the Actuary Panel Pool 

What others say

“Being based in Mauritius for nearly 20 years now, I had written off any idea of volunteering for the IFoA for practical reasons.  However, I was glad to do so a few years ago after being told the IFoA was specifically looking for more volunteers from outside the UK and my experience has been very positive to date.  Sitting on a disciplinary panel chaired by a legal expert has required me to identify with the actuary under investigation and offer my views as an actuary, while learning to appreciate how legal precedents are taken into account before reaching any determination.  It has been an eye-opener for me!”    Bernard Yen FIA

Next steps

If you would like to express interest in becoming an Actuary Panel Member and joining our Disciplinary Panel Pool please contact the Engagement Team. When contacting us please provide the following information:

  • a brief note of your relevant experience, including a note of your location and main practise area(s) 
  • a note of your ARN.

All expressions of interest will be followed up with an initial telephone conversation, where you will have the opportunity to ask questions and find out the next steps.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Finance and investment, General insurance, Health and care, Life insurance, Pensions, Regulation, Risk management, Sustainability

If you are a Fellow of the IFoA, we encourage you to volunteer to join our pool of Investigation Actuaries.  This is not an onerous role; you remain in control of when you get involved; full training is provided; and it not only allows the IFoA to benefit from your experience but also gives you the opportunity to learn more about the application of the Actuaries’ Code in practice.

Details

The Pool of Investigation Actuaries (IA Pool) is a group of volunteer members who assist with the technical aspects of allegations of professional misconduct against members of the IFoA.  The IFoA is currently seeking additional volunteers to be appointed to the IA Pool. 

In particular we would welcome applications from Scheme Actuaries, and from IFoA Fellows working in General and Life Insurance. Also, given the increasing international membership of the IFoA, we are very keen to appoint IAs based outside the UK.

Why get involved 

Allegations about professional misconduct against members are dealt with under the IFoA’s Disciplinary and Capacity for Membership Schemes (the Scheme).  An investigation team is appointed to each allegation.  This comprises an experienced Case Manager and an IA invited from the IA Pool based on their experience, area of specialism and availability. 

The principal role of the IA is to identify and address the actuarial/technical issues within the allegation and provide technical support to the Case Manager.  The time commitment depends on the complexities of the case and whether it is dealt with at the adjudication stage or goes forward to a full Tribunal hearing.

Training

Each IA will receive initial training, provided by the Case Manager, when an IA is appointed to their first allegation and there is also general training, every 18 months or so, for all IAs.  This training may count towards relevant CPD.  Such training may be delivered by webinar or by way of video conference.

Detailed role description

View the Task and Person Specification for members of the IA Pool

What others say

Members of the IA Pool have commented that they find this role both interesting and educational. 

In particular they find it valuable to be aware of the types of conduct issues that the Scheme deals with so they can take that awareness back to their day to day work to ensure colleagues can learn from it. 

The existing Chair of the IA Pool is Jacqui Reynolds FFA.  She commented:

The IA role is a very important and necessary role.  Without volunteers the Disciplinary and Capacity for Membership Schemes would be unable to function smoothly as it relies on the technical expertise of the IA in many of its case.  The role is not usually onerous, and there is flexibility in when input is required.  If work capacity issues make it difficult to take on a case at a particular time then it can be scheduled to another IA.  This is great way to give something back to the profession and at the same time to be aware of the type of issues being raised through its disciplinary process.

Next steps

If you would like to express interest in becoming an IA and joining the IA Pool, please contact the Engagement Team.  When contacting us please provide the following information:

  • a brief note of your relevant experience
  • a note of your ARN.

All expressions of interest will be followed up with an initial telephone conversation, when you will have the opportunity to ask questions and find out the next steps.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: General insurance, Life insurance

The Quality Team at the IFoA actively seeks individuals to support the examination process.  We have a number of roles that may interest individuals who wish to support the IFoA.

For further information please view the Educational opportunities (paid) webpage.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Education

Inspire the next generation of actuaries

Are you passionate about reaching the next generation of actuaries?  If so, we’d like to hear from you.  The Institute and Faculty of Actuaries (IFoA) is looking for members at all levels, to promote the actuarial career to bright young people.

As a career ambassador, you will raise the profile of the actuarial profession in schools, universities and within your local community through a range of talks and careers fairs.  You will also have the opportunity to reach a diverse range of students through a number of different digital activities such as case studies, blogs and much more.  If you have existing links with local schools or universities that are not currently covered by existing events, you are encouraged to pro-actively set-up your own events and opportunities.  We will provide you with the relevant resources you need to promote the profession, including brochures and presentations.

As part of this role, you will need to easily explain what an actuary is to those who may never have heard about the profession before.  You should also be comfortable talking about your route into the profession and your day-to-day role to those who may be considering becoming an Actuary.  You will need to be confident, engaging and have a good understanding of the role of the IFoA.

View the IFoA’s Career Ambassador booklet to find out more about becoming a Career Ambassador.

Currently, we are particularly interested in applicants based in the following areas:

  • Thailand
  • UK based ambassadors outside of London.

Due to the number of applications currently under review, we are not seeking any further applicants from India at this time.

If you meet the above criteria and would like to volunteer, please contact the Engagement Team.  When contacting us, please provide the following information:

  • a note of your ARN number 
  • whether you are a qualified member or a student currently in employment
  • a note of your location.

All expressions of interest will be progressed as received and if there is any additional information that we require, we will get in touch with you.

Volunteering provides you with a wide range of opportunities. With all rights and opportunities comes responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP). Please view our ‘what you need to know’ web pages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Education, Student

Providing financial education through the Livery Schools Link, the London-based Worshipful Company of Actuaries has teamed up with Teaching Business Enterprise and Employability in Schools (BEE) to provide financial education to young people. They are currently running schemes in three primary schools in the UK - one in Tower Hamlets in London, one in Dorking in Surrey and one in Radlett in Hertfordshire.

Each scheme comprises six sessions across the Summer term of year five and Autumn term of year six. Four of the sessions are conducted in the classroom at the school with one optional session at the Bank of England. The final session is a Dragon’s Den style event hosted at local offices. Each session lasts up to two hours. Ideally volunteers would be able to attend more than one of these sessions to help to provide some continuity for the children. 
 
If you are a member of the IFoA and live and/or work in or near any of the locations, then please consider volunteering to share your enthusiasm and your knowledge of finance and business with young people in these schools.
 
View an Introduction to the BEE Programme.
 
To find out more about what is involved, the time commitment involved and to register your interest, please contact Andy Whitehouse .

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Finance and investment, Student

At the Institute and Faculty of Actuaries (IFoA) we pride ourselves on working collaboratively with organisations that employ our student members.  It is vital that we get your feedback and work with you to support your (and our) students, so make sure you have a volunteer Student Employer Contact (SEC) registered with us.

How does this benefit you?  Having an SEC:

  • gives you direct communication with our Engagement and Learning Directorate
  • will ensure you are one of the first to receive important information and updates about any changes which may effect your students
  • allows your organisations’ voice to be heard and for your organisation to have your say about a hot topic (such as the Education Strategy Review)
  • provides you with support to ensure students in your organisation are supported.

An SEC does not need to be a qualified actuary but they do need to be someone who is willing to play a proactive role in two-way communication between the IFoA and the employer.

As this role involves supporting students, it is not possible for a current student to become an SEC.

If your organisation employs IFoA student members we encourage you to appoint an SEC.  If you would like to volunteer to take on this role, or to check if someone in your organisation has already volunteered, please contact the Engagement Team, who will put you in contact with Kirstie Smith, Senior Stakeholder Relationship Manager at the IFoA.  Kirstie supports all SECs.  When contacting the Engagement Team it would be helpful if you could please provide a note of the following:

  • your organisation’s name and location(s)
  • an approximate number of IFoA student members currently in your organisation 
  • a note of your ARN, if you are a member of the IFoA
  • if you are not a member of the IFoA, please provide your full contact details plus a note of your role within your organisation.

All expressions of interest will be followed up as received.

Volunteering provides you with a wide range of opportunities.  With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s Governance Manual and Volunteer Information Pack (VIP).  Please view our ‘what you need to know’ webpages before offering to provide support.

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Categories: Education
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