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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.

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

Subscribe to the RSS feed to be kept up-to-date with the latest vacancies. To find out how to get involved contact the Engagement team

Download our flowchart to see how we recruit our volunteers.

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.

"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.

Application closing date: 13 June 2022

The Continuous Mortality Investigation (CMI) is seeking to appoint a number of volunteers as members of the CMI Resource Pool, providing availability of short-term additional resource to augment the CMI’s existing committees.

The CMI seeks to produce high-quality impartial analysis, standard tables and models of mortality and morbidity for long-term insurance products and pension scheme liabilities on behalf of subscribers and, in doing so, to further actuarial understanding. The CMI’s work is undertaken within a UK private company – CMI Limited – which is wholly owned by the Institute and Faculty of Actuaries (IFoA). More information on the CMI’s work is available via the IFoA’s website.

The scope of projects that successful applicants could expect to get involved with will depend on where support is needed within the CMI. They could include assisting CMI Executive Committee with operational projects and strategic priorities or working alongside Investigation Committees with technical analyses and research ventures. Resource Pool members will be presented with an overview of projects when opportunities arise, noting the expected time commitment and desirable skills, and members will be asked to step forward should the project be of interest.

We are committed to promoting diversity, equality of opportunity and inclusion, and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

Tenure
The anticipated membership is for two years, though one-year memberships may be considered if desired, with the opportunity to renew.

Time Commitment
The time commitment required will vary by project. Members should expect quiet periods, particularly in the first few months of new membership. Resource Pool members may expect to commit around one day per month, on average.

Applications
If you would like to find out more about the roles or to express an interest in being considered please contact Chloe Ellis. When expressing interest, please provide a brief synopsis of your relevant background and experience and a note of what you feel you can bring to the role.

 

Application closing date: 10 June 2022

The Continuous Mortality Investigation (CMI) seeks to produce high-quality impartial analysis, standard tables and models of mortality and morbidity for long-term insurance products and pension scheme liabilities on behalf of subscribers and, in doing so, to further actuarial understanding. The CMI’s work is undertaken within a UK private company – CMI Limited – which is wholly owned by the Institute and Faculty of Actuaries (IFoA). More information on the CMI’s work is available via the IFoA website.

The CMI is seeking to appoint an experienced, proactive and innovative volunteer to take on the role of Deputy Chair of the CMI Executive Committee which oversees the work of the CMI (on behalf of the Directors of CMILimited). View the Terms of Reference of the CMI Executive Committee.

The role of the Deputy Chair is due to commence on February 2023 with a view to progressing to the role of
Chair in 2026. View the Task and Person Specification for this role.

We are committed to promoting diversity, equality of opportunity and inclusion, and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation

How to volunteer:
If you would like to express an interest in being considered please contact Viv Maclure, Secretary to the CMI. When expressing interest, please provide a brief synopsis of your relevant background and experience and a note of what you feel you can bring to the role.

If you would like to find out more about the role, the current Chair of the Executive Committee, Matthew Edwards, would be happy to talk with interested candidates. Please contact Viv Maclure in the first instance.

 

Application closing date: 6 June 2022

Do you work in the Life practice area, particularly in a Life office, and have excellent awareness of the current issues?  Would you like to help influence the topics and speakers that are selected for the 2022 conference and to shape this premiere event?

The committee is seeking to appoint up to six new committee members to help deliver an exciting and thought provoking programme.  You will be proactive and innovative and able to commit time from mid-July-end August specifically in order to review the content submissions which have been received via an open call for speakers and schedule these into a programme format to be reviewed by the Life Lifelong Learning Committee who has ultimate responsibility.

We are also particularly keen to hear from you if you have international experience and / or have carried out a similar volunteer role within the IFoA.

Benefits of joining the committee include:

  • an opportunity to influence the technical content of the conference
  • a chance to broaden your network
  • the opportunity to increase your awareness of current industry topics and issues
  • a chance to expand your current skills by chairing (or learning to chair) a plenary session at the conference.

Next steps
If you would like to be considered for this volunteer role, please contact the Engagement Team. When contacting us, please provide;

  • a brief note outlining your relevant skills and experience
  • a note of the particular Life Insurance areas where you can offer expertise, including the name of the organisation where you currently work, if applicable
  • an outline of your key reasons for wishing to become involved and an idea of the contribution you feel you could make to the committee
  • a note of your ARN.

After the closing date all offers of support will be passed to the selection panel for consideration.  The information which you provide will assist the selection panel in selecting a well-rounded group with expertise in all areas.

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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: Life insurance

The IFoA Appropriate Person Pool aims to provide IFoA members with access to experienced (qualified) IFoA members around the globe to support them with their Reflective Practice Discussions (RPDs), as part of the CPD Scheme.

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

If you are a qualified member of the IFoA and are willing to have a conversation with other members around learning, development and reflection, please consider joining the Appropriate Person Pool.  
 
Noted below is an outline of what is required in an RPD.

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).

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.

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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

Would you like to be part of the IFoA Practising Certificates Committee (PCC)?

The current Chair of the PCC, Karen Butroid, is seeking to appoint a Fellow to become a volunteer member of the non-Life Panel of the PCC to consider applications for General Insurance Chief Actuary Practising Certificates both with and without Lloyd's.

What we are seeking
Karen is very keen to hear from any qualified member of the IFoA who would like to discuss this role and find out more about what is involved. Expressions of interest are encouraged from Fellows with:  

  • a current, or recent, Chief Actuary Practising Certificate
  • an up-to-date knowledge of actuarial work reserved under Solvency II for a Chief Actuary to a non-Life Insurer
  • up to date experience in and knowledge of Lloyd’s and the London market
  • experience of giving or using reserved work advice specific to General Insurance
  • knowledge of the Institute and Faculty of Actuaries’ (IFoA’s) regulatory functions.
  • an understanding of the proposed changes to the PC Scheme recently published by the IFoA

View the Terms of Reference for this committee

Time commitment
As contributions are mainly carried out by email, the time commitment is approximately, on average, a total of five hours per month, though maybe more in the latter half of the year.  There are also up to two full PCC review meetings each year, participation in these meetings will be by videoconference /conference call, to ensure location is not a barrier.  There is no requirement for all members of the committee to meet in one place.
 
Tenure
Three years, reviewed annually.  To provide continuity, it is hoped that members of this committee will be happy to take up a tenure of three years.  However, tenure is reviewable annually, depending on changing circumstances, participation and performance in PCC matters.

How to offer support
If you would like to volunteer to join the PCC non-Life Panel, or request a call with Karen Butroid and a member of the non-Life panel to allow you to find out more, please contact the Engagement Team.  When contacting us please can you briefly indicate:

  • your reason(s) for wishing to get involved
  • a note of your relevant experience
  • confirmation that you are a Fellow of the IFoA and a note of when you qualified
  • a note of your ARN.

All offers of support will be progressed as received.

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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, Regulation

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

Lead and influence the growth of IFoA membership and the actuarial profession in your country!

Are you passionate about developing the actuarial profession in your country and beyond?  As a qualified member, your broad and extensive experience of the country, the actuarial profession, combined with the respect of the IFoA members and senior stakeholders in the country, is invaluable to enhance the reputation and influence of the IFoA and of the actuarial profession.  

The newly established Country Ambassador role is an opportunity for you to serve as a valuable strategic resource and communications link between the IFoA and senior contacts at local actuarial organisations, employers, regulators, universities, and other stakeholders in country while also encouraging and supporting local member value activities to meet members’ educational, professional development, networking, and career development needs.

What is involved?
We are looking for someone who is keen to build on the work already underway and have a real desire to lead and influence the growth of IFoA membership and the actuarial profession in Rwanda.

Country Ambassadors support engagement and offer significant member value to the IFoA community in the country.

The Country Ambassador will work closely with the Europe, Middle East and Africa (EMEA) Markets Development Regional Head and provide regular input and feedback. That will be shared with IFoA senior leaders. 

Please review the Activity and Person Specification

Time commitment
The majority of the time commitment can be carried out at times and dates that best suits the volunteer.  There will be four meetings per year (held when convenient for the volunteer) with the EMEA Regional Markets Development Team, normally lasting one hour with general correspondence throughout the year. The meetings are held via video call.  

What you’ll get in return
In return for your time you will have the opportunity to: 

  • be the voice of members and the profession in your country
  • work with the IFoA senior leaders to shape the future of the profession 
  • expand your network
  • 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 appointed Country Ambassador please contact the Engagement Team.  When contacting us please provide:

  • brief details of any relevant experience and your reason(s) for wishing to be Country Ambassador 
  • your current work profile (job title, company name, industry, etc.) 
  • LinkedIn profile (if you have one) 
  • your ARN number

If you would like an informal discussion prior to applying contact Irene Redman.

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

UK Career Ambassador

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 in the UK.

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. 

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 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.

This role is open to members of the IFoA based in the UK and we are particularly interested in applicants based outside of London.

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

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
Application closing date: 6 June 2022

We are looking for volunteers to join a new set of working parties conducting Sustainability Research Projects.  

No sustainability experience is required, but an interest and desire to learn are essential. Volunteers will have a passion for actively fostering and driving forward all stages of research and thought leadership for their peers working in the sustainability practice area.

The working parties to be created are as follows:

  1. Net zero and the implications for investment portfolios
  2. Climate assumptions and scenario modelling
  3. Demographics – mortality and morbidity
  4. Climate change disclosures
  5. Carbon pricing
  6. Role of the Sovereign
  7. Effect of climate change on long-term interest rates
  8. Managing sustainability in the absence of metrics and measurement
  9. Private, public, and universal ownership
  10. Asset management
  11. Inequality of climate change

The research working parties page gives more information about current Sustainability Research projects. The new Working Parties will report to the Research and Thought Leadership Committee (RTLC) and Sustainability Board of the The Institute and Faculty of Actuaries (IFoA). We are seeking to appoint Chair, members and suitably qualified non-members to join these working parties.

Full details of the requirements
We will be recruiting a Chair and members of each working party. The appointed Chair will also help us select members for the working parties. We hope to accommodate all requests, but we may have a discussion with you if one of the working parties is over-subscribed.

The first role of the Working Party will be to establish Terms of Reference that are consistent with the 3-5 Year vision of the RTLC. 

Time Commitment
One or two hours per week (flexible timing), including following up on actions as required and ensuring deadlines and commitments are met; as well as attending working party meetings which will be held at the working party’s discretion. Meetings will be held by conference call / video conference to allow us to widen this opportunity to all. Location is not a barrier.

Next steps
If you are interested in this role, but would like an informal conversation, prior to submitting your application, please contact the Engagement Team to arrange.

If you would to volunteer for this any of these working parties, please contact the Engagement Team. When contacting us, please provide:

  • the working party, working parties you are interested in joining
  • whether you are applying to be a Chair, a member, or either
  • brief details of your relevant experience, although no prior experience is necessary
  • your reason(s) for wishing to get involved (bullet points encouraged)
  • 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.

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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, Student, Sustainability

Are 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 committed to supporting the IFoA in developing, delivering, and evolving its strategic diversity objectives as set out in its  DEI Strategy, and its 7 key Themes:

  1. Leadership & Culture
  2. DEI at the IFoA
  3. Entry to the Profession
  4. Actuarial Work
  5. Supporting Members in their work
  6. Supporting Members in difficulty
  7. Improving DEI in our community

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 and to assist with the facilitation of the new online practice module.

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:

  • review and provide specialist input as required into the revised core reading for the new practice modules.
  • 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 via attendance at online sessions.

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.

Next steps
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.

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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, Risk management, Sustainability
Application closing date: 13 June 2022

The Institute and Faculty of Actuaries, (IFoA) is seeking to appoint proactive volunteers to join the Risk Management (RM) Board’s Climate & Sustainability Working Group.

This Working Group was formed to focus on climate risk and sustainability issues pertinent to risk management actuaries with its initial purpose and actions organised across three areas:

Area Description
Reasearch Promoting areas of research and working with the Research & Thought Leadership sub-committee to support working parties. Potential to launch own areas of research if of interest.
Awareness Disseminating resources and research to the RM community and co-ordinating with IFoA exec on profession-wide initiatives. 
Objectives include creating and running regular communication with members on relevant topics via social media, newsletters and blogs. 
Application Understanding how Risk Management actuaries work is impacted by climate and sustainability issues and what responsibilities and careers opportunities result. 
Objectives would be to produce thought leadership pieces from the previous two areas. 

We are seeking volunteers across all areas outlined above that have a passion and interest in Climate and Sustainability topics.

The working group will consist of quarterly meetings with more regular meeting as required by each sub area to progress their area. 

Profile
Specifically, the Working Group is looking for those willing to contribute to furthering the discussion on Climate and Sustainability in regards to Risk Management. This is a new forum, and we are looking for members to help shape the direction of the outputs. Hence, we are looking for passionate and committed individuals who want to volunteer in shaping the future of how the Risk Management professionals view and react to Climate and Sustainability topics. 

You do not need to specifically work in these topic areas but simply have an interest in developing knowledge/expertise and contribute to the ongoing discussion. Committed to delivering output is key to a successful working group and hence we are looking for people with both a passion for the subject and commitment to deliver on their chosen topic. 

Time Commitment
The time commitment varies and will depend on the individual chosen area of focus but will not be more than a maximum of two hours per month. 

Next steps
If you are interested in this role, but would like an informal conversation with the Chair, prior to submitting your application, please contact the Engagement Team to arrange.

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

  • brief details of your experience and interests
  • 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.

We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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, Student, Sustainability
Application closing date: 30 June 2022

The Institute and Faculty of Actuaries’ (IFoA’s) Health and Care Board is seeking expressions of interest to join this new working party.  Lay members, including non-IFoA members, are also welcomed.

Background
Data is important to actuaries working within the health and care sector across the globe. Reliable data is crucial for analysis and in making informed business decisions. Many companies have internal datasets that they can use but they benefit from accessing data available from external sources.

The aim of this working party is to identify datasets from across the globe that may be of value to actuaries working in health and care. This will include datasets that are e.g.:

  • publicly available (either with or without fee)
  • provided by private companies where a contract may be needed and use may be restricted
  • available in certain circumstances only e.g. by partnership with non-commercial entities

Note that the last point may be of relevance particularly to IFoA working parties, working in collaboration with academia.

Outputs/deliverables
The working party should: 

  • establish criteria of what data sources should be included 
  • identify different data sources, including by contacting and working with academia to find data sources available there 
  • determine appropriate metrics to collect about these data sources 
  • investigate how best to access the data if it is not readily available e.g. through partnerships, considering previous experiences of IFoA working parties. Summarise the findings 
  • investigate different ways of cataloguing these data sources for easy reference and choose the most appropriate method 
  • create the data catalogue 
  • propose how the catalogue will be kept up to date as a living document (for example, how someone could request a new data source is added) 
  • publicise its existence 

For each health and care dataset identified, the catalogue should show e.g.: 

  • type of data (variables contained) 
  • potential applications 
  • size and duration of data 
  • indication of data quality 
  • costs/availability 
  • how best to access it, if not readily available 
  • population covered 
  • limitations 

Skills/Experience
Users of health and care data. Academic members and public health members could add to the perspective of what data is available to non-commercial entities.

Time Commitment
Fortnightly meeting, which will be held virtually, so no requirement to meet in person in any particular location.

If you are interested in this role, but would like an informal conversation with the Research Committee, prior to submitting your application, please contact the Engagement Team to arrange.

Next steps
If, having read the documents above, 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

  • 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.
  • please also indicate if you have preferences for a particular role.

We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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), Student
Application closing date: 30 June 2022

The Institute and Faculty of Actuaries’ (IFoA’s) Health and Care Board is seeking expressions of interest to join this new working party. Lay members, including non-IFoA members, are also welcomed.

Background
This is an important topic in terms of promoting appropriate data science techniques on data available to actuaries either within their own firms or from external sources.

The research should create a framework to assist Health and Care Actuaries in determining what techniques are appropriate for their project: 

  • business question / objective to address
  • data selection: Assessment of data to understand if it will address the business question. To understand the quality of the data and suitable techniques to clean the data e.g., missingness and inconsistencies etc
  • data exploration: to understand the data by using visualisation techniques
  • modelling: with a focus on the business objective and to select a technique that is appropriate e.g., credibility of data, transparency
  • communication, including interpretability of models
  • regulations / ethics

To illustrate the framework, the research will provide specific examples of different tasks a Health and Care Actuary may encounter along with the pros and cons of the different approaches for each of these specific cases, with guidance for when it’s appropriate to use them. 

The research should cover in greater detail techniques that are commonly used in the medical community today and increasingly used by actuaries, e.g., Cox Proportional Hazards (CPH) and Generalised Linear Models (GLM) techniques.

Skills/Experience
Actuaries, data scientists, modellers, or users of health and care data. Academic members, epidemiologist, or medical statisticians could add to the perspective of best practices in health data science and modelling

Time Commitment
Fortnightly meeting, which will be held virtually, so no requirement to meet in person in any particular location.

If you are interested in this role, but would like an informal conversation with the Research Committee, prior to submitting your application, please contact the Engagement Team to arrange.

Next steps
If, having read the documents above, 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

  • 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.
  • please also indicate if you have preferences for a particular role.

We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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), Student
Application closing date: 25 May 2022

Climate change is expected to have a significant impact on the economic and social landscape in which health and care companies operate, with implications for the work of health and care (H&C) actuaries. There are currently few resources available to H&C actuaries, particularly to help them identify specific issues that are relevant to their work and associated actuarial advice, and to help them explore the potential impacts. 

The H&C Board therefore seeks to establish a working party to:

  • Develop and maintain a Climate Change Practical Guide for H&C actuaries
  • Identify and monitor climate change issues of relevance to H&C actuaries
  • Recommend topics that are most relevant to H&C actuaries where further in-depth research would be of value and engage with the H&C Research Subcommittee.  For example, topics could include:
    • Air quality
    • Food and water security
    • Temperature change
    • Extreme weather
  • Work with climate change WPs from other practice areas to share information and ensure a degree of consistency across practice areas
  • Share relevant findings and resources with H&C actuaries and help facilitate an appropriate response to climate change
  • Identify relevant publicly available research and other resources which may be interest to H&C actuaries [ongoing]
  • Curate the H&C CC section on the IFoA website [ongoing]
  • Explore opportunities to co-ordinate with IAAHS on climate change initiatives

Experience
Health and Care practitioners or those with knowledge of climate change (preferably including members experience of long term health insurance products, public sector and non-UK markets)

Time Commitment
One to two meetings per month, virtual, so no requirement to meet in person in any particular location.

Next steps
If you are interested in this working party, but would like an informal conversation with the Chair of the working party, prior to submitting your application, please contact the Engagement Team to arrange.

If, having read the documents above, 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

When contacting us please provide:
•    brief details of your relevant experience;
•    your reason(s) for wishing to get involved;
•    a note of your ARN; and
•    for non members, a brief copy of your CV and full contact details.

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

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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: 30 June 2022

The Institute and Faculty of Actuaries (IFoA) is seeking to appoint proactive and innovative volunteers to join the Life Lifelong Learning Sub-committee.

The sub-committee is currently responsible for organising around 20 events per year providing CPD to actuaries in the Life practice area. The sub-committee’s remit includes defining what events will be run, shaping the content, considering offerings which ensure that members continue to have access to a modern, relevant, and balanced portfolio of activities, securing speakers and reviewing post event feedback. The sub-committee also oversees the Life Conference Sub-committee. The sub-committee is supported by members of the IFoA Events team and the IFoA Communities team.
  
View Task and Person Specification for member
View Terms of Reference

Time Commitment
Members will be expected to attend meetings, currently of one hour duration, and follow up on actions as required ensuring deadlines and commitments are met.  Meetings will be by conference call to allow us to widen this opportunity.  Location is not a barrier.  Conference calls will be arranged at a mutually convenient time for all involved.

Next steps
If you are interested in this role, but would like an informal conversation with the Life Lifelong Learning Sub-committee Chair, prior to submitting your application, please contact the Engagement Team to arrange.

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.  When contacting us, please provide:

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

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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: Life insurance

The Pensions Consultations Sub-Committee of Pensions Board is seeking to appoint a new member.  The role would suit an experienced pensions actuary who is keen to be closely involved in responding to pensions industry consultations, and who has technical expertise in UK DB and/or DC occupational pensions, and an interest in broader social and regulatory policy. 

What is involved
The Institute and Faculty of Actuaries’ (IFoA’s) Consultations Sub-Committee works with the IFoA Policy team to advise policymakers on regulatory and legislative decisions by shaping the IFoA’s responses to Parliamentary inquiries and consultations from Government departments, regulators and other public interest bodies.  You will provide technical and policy input and assist with drafting and reviewing, working collaboratively with other Sub-Committee members, Pensions Board and other IFoA groups to produce consultation responses, based on rigorous and independent analysis, that will represent the views of the IFoA and support the public interest.  

Full details of the requirements for the role are laid out in the documents below:

Pensions Consultations Sub-committee Terms of Reference
Task and Person Specification, Member of the Pensions Consultations Sub-committee 
Volunteer Guide to Consultation Responses

Time commitment and tenure 
Meetings are held on an ad hoc basis, currently by conference call.  The number of meetings and the timing is dependent on the number of pensions related consultations the Sub-Committee needs to respond to, so we would just ask that you are committed to providing considered drafting and comment where a consultation is relevant to your experience and knowledge.  The Executive will support the Sub-committee in contributing to relevant IFoA consultation responses and attending meetings with key external stakeholders on policy matters.

Please note this role can be delivered from anywhere around the globe, location is not a barrier.

How to offer support
If you would like to discuss this vacancy with the Chair prior to applying, please contact the Engagement Team.

If, having read these documents, you would like to express an interest in this role, please contact the Engagement Team.  When contacting us please provide:

  • brief details of your relevant skills and experience
  • your reason for wishing to take on this role
  • a note of your ARN.

All expressions of interest will be progressed as received, and will be followed up by the Chair of the Sub-committee.

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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 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: 16 June 2022

Periodical Payments Orders (PPOs) are a significant feature of insurers' and reinsurers' balance sheets already and are having an impact on pricing and capital modelling efforts of GI actuaries.  The PPO Working Party exists as a source of knowledge and expertise within the Institute and Faculty of Actuaries (IFoA) and has been at the forefront of advising GI actuaries about the impacts of PPOs on their work, such as the need to use life insurance techniques in their valuation. 

The PPO Working Party is currently seeking a new Chair to lead the working party.  This includes driving the working party forward, chairing the meetings and representing the working party at committees and events, where necessary.  This role is suited to both members and non-members who have an insurance, pensions or legal background. 

The PPO Working Party meets monthly, by conference call, and is expected to produce a written report of the findings of their work and to present at industry events as appropriate. 

Skills and experience
As Chair, you will lead the group’s discussions and the communication of the output.  For this role, we are ideally looking for a volunteer with experience of leading, or working within, a working party or committee environment with experience in PPOs.  While this is not essential it is important that the Chair should have demonstrable experience in their ability to run the working party and to help progress its key objectives. 

The Chair will drive the work streams forward, taking responsibility for one particular work stream.  It is important for the Chair to maintain the momentum of a working group comprising members from a variety of different locations, including internationally.  Previous experience of leading a working party is not necessary, but the ability to encourage discussion and drive action is key.

Time commitment
As Chair, you will typically be expected to commit three to six hours per month, including preparing for and participation in the working party meetings.  You may also be required to attend other GI committee meetings and events as a representative of the working party.  There is no requirement to meet in person at this time.

Next steps
If you are interested in this role, but would like an informal conversation, prior to submitting your application, please contact the Engagement Team to arrange.

If, having read the documents above, 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

  • 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.

We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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 Periodical Payments Orders (PPO) Working Party is currently seeking to appoint additional members to the group.  This role is ideally suited to a member of the IFoA (qualified or student member) who has an insurance background and who has familiarity with PPOs and the wider context within which they are awarded.  Or to a member with a background in the mortality aspects of longevity business.

This is an excellent opportunity to support this working party, bring fresh ideas and at the same time to experience being involved in a working party; to network with the existing members, and to increase your knowledge and experience in this area.

Background
PPOs are a significant feature of some insurers' and reinsurers' balance sheets.  These liabilities have an impact on pricing and capital modelling efforts of GI actuaries, the risk profile of the firm and the development of its investment strategy. 

The PPO working party exists as a source of knowledge and expertise within the IFoA and has been at the forefront of advising GI actuaries and other stakeholders about the impacts of PPOs on their work and the techniques that could be brought to bear, such as the use of life insurance techniques. 

The PPO Working Party is expected to produce reports of the findings of their work which they present at industry events as appropriate.  This includes the publication of a flagship annual report based on both quantitative and qualitative information gathered by the working party from the insurance industry.

The working party is now seeking to identify and progress new areas for research and is looking for enthusiastic members who will ‘roll their sleeves up’ to help progress its work.

Time commitment
The successful candidates will typically be expected to commit three to four hours per month.  This includes participation at a monthly meeting which will be by conference call to allow us to widen this opportunity to all members.  There is no requirement to meet in person at this time.

How to get involved
If you would like to volunteer to take on this role, 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.

All expressions of interest will be progressed as received.

We are committed to promoting diversity, equality of opportunity and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

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: General insurance, Life insurance, Student

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 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.

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 member of the IFoA
  • if you are 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’ 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: General insurance, Lay (non-members)

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

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 usually 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, where possible. 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. The 2021/22 scheme may change timings and locations depending on the requirements of schools.
 
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:

Shani Clarke (London)Andy Whitehouse (Surrey) or Andy Cherkas (Hertfordshire)

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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