We are often being told to take responsibility for our own careers because if you don’t, no one else will. In a volatile, fast moving, complex and global business environment doing just that becomes even more important. The actuarial landscape is no different to any other business activity. It may be developing your existing area of expertise, or switching to another actuarial specialism. It could be working in a non-traditional actuarial sector, or developing your own business idea. For those in mid to late careers, it could be taking up a portfolio career.
The IFoA is now working with Career Farm a company that works with executives, to help them manage their careers. We are currently running a pilot with over 40 members who are using Career Maximiser as part of their career development. The pilot will end in July 2019 and feedback will be made available to all members. In this short video Jane Barrett explains how Career Maximiser may assist in career planning:
Profiling tools have been around for years, but they can help you gain a valuable insight into who you are and why you do the things the way you do. Whether you work as part of a team or on your own, here are a couple of tools you may wish to use:
These may also help you understand why others may do things differently and how to adapt the way you work to get the best out of them.
Lifelong Learning and Continuing Professional Development
When this learning is relevant to your work or role and addresses a personal development area, this can also be used to meet your Continuing Professional Development (CPD) requirements.
You can review the CPD Scheme requirements on the website.
Lifelong Learners are motivated to never stop learning
Take time to reflect and plan before you begin any new projects
Reflect: check the competencies against your current role and future ambitions
Plan: identify exactly what skills and knowledge you need and how best to acquire them
Do: take courses, read articles, find a mentor, look online, volunteer
Record: write down everything you do, how far it met your objectives, the impact on your work
Filter or search events
Events calendar
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ARC Webinar Series 2021 - Use of Primary Health Care Records Data in Actuarial Research
Webinar9 March 2021As part of the ARC Webinar Series 2021, this webinar will review the work of the UEA/Aviva research team over the last four years on a major research programme funded by the IFoA’s Actuarial Research Centre.
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Implications of Climate Change for Life Insurer's Risk Modelling and Strategic Asset Allocation
12 March 2021Climate change poses a significant threat across many regions and sectors, and businesses. Insurers and asset managers, must play a role in ensuring transparency around climate related risks and opportunities.
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Whilst insurers have been performing stress and scenario testing for many years, in the last 12 months the PRA has increased its focus on the ability to identify, measure and increase financial and operational resilience.
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Finance in the Public Interest Series
16 March 2021 - 23 March 2021There is widening debate that many of our social, financial and regulatory institutions need to be rethought so that we can create more sustainable futures, particularly in light of the Covid-19 pandemic, the policy/macro-economic response to the pandemic and how it affects consumers, as well as the impending climate crisis. This multi-day series of three keynote webinars, individually presented by leading economist John Kay, Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Ashok Gupta, Chair at Mercer Ltd, and Nico Aspinall, Chief Investment Officer at B&CE, will open up discussion on these essential topics. The series will culminate in a panel session with Chief Economist of the Bank of England, Andy Haldane.
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The price is righter
16 March 2021This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.
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This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)
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The role of stewardship in creating long term value
25 March 2021What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting.
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Dr Catherine Donnelly will present the basics of the structures for pooling longevity risks and summarise recent research results in this area in addition to outlinging future research around this topic. This is work under a research programme funded by the IFoA's Actuarial Research Centre, called 'Minimizing longevity and investment risk while optimising future pension plans'.
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Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis. However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year. This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work.