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IFoA Buddy System

Helping members get in touch with members for independent peer support on career choices, professional advice and more

The introduction of this “IFoA Buddy System” service aims to provide IFoA members with access to experienced, qualified IFoA members who are willing to share their thoughts, experiences and skills with other members around the globe.

“Some of the most rewarding moments of my career have come from being able to help someone else move forward in their own personal journey as an actuary. I am therefore very pleased that the IFoA is setting up a new buddy system and I would encourage you to take part in this, not only to help more junior members of the profession, but also to help in your own personal development.”  Matthew Pearlman; IFoA Fellow

How it works

You will need to be a member of the profession to access a list of qualified members (the buddies) who are happy to hear from you. This list will initially contain the following information for each Buddy:

  • Name
  • Geographic Location
  • Email Address
  • Practice area (i.e. General Insurance, Finance and Investment etc.)

Please note: Initially we were trialling this in the general insurance, finance and investment, and risk areas only.  However, following very positive feedback from the pilot, we are now expanding this to all practice areas.

Please login to access the list.

The service is entirely free and is based on members volunteering to provide this support.  You should be aware that the IFoA does not monitor this service.  Any views expressed or advice, recommendations or guidance given by members via this service are not reviewed or endorsed by the IFoA.

The Buddy System is an excellent way to have an impartial, informed chat with an experienced actuary about any issues you may face as you make your way through your career. I look forward to hleping many actuaries and future actuaries as they move through this great profession of ours. Tim Jordan, IFoA Member

Want to become a “buddy”?

You will need to be a qualified member of the IFoA, and:

  • You will provide an avenue for another member to contact you and to arrange to meet/talk on a 1-2-1 basis with you (discussions may include long-term development goals, short-term career issues, sharing insights from experience)
  • By volunteering to get involved, you will be happy for your details to be shared with all members of the IFoA, via the members’ area of the website and you will respond to any requests that you receive
  • You will allow us to ask for some feedback from time to time to see how this is working in practice and to allow us to support you. We will adapt this request to suit you as much as we can and it will be as non-onerous as possible

Location is not a barrier, indeed we are keen to hear from qualified members around the globe.

If you volunteer to become a buddy you can, of course, step down at any time.  Please contact us as soon as possible if you find yourself in this situation, and we will remove your name from the list (even on a temporary basis) at the earliest opportunity.

Interested? Then please contact the IFoA Communities Manager.

Disclaimer

This service is facilitated by the Institute and Faculty of Actuaries (IFoA).  Other than facilitating this informal support and discussion amongst members, the IFoA plays no role in how the service operates, i.e. the IFoA does not oversee how, where and when members meet and does not monitor and/or endorse the advice, guidance or recommendations that may be given by any member, or the processes or procedures that any member suggests.  Nor is the IFoA responsible for the availability of, or follow up by, members to members.  The IFoA accept no liability (to the fullest extent permitted by law) for any loss, damage, or inconvenience arising as a result of a member’s use of this service.  The IFoA reserves the right at its sole discretion to exclude members from using this service if the IFoA considers that a member’s use is not in keeping with the purpose for which the service is provided. 

July 2018

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Events calendar

  • Spaces available

    Sessional Meeting - Free to viewMis-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

  • Finance & Investment Virtual Conference 2021

    Available to watch globally in May.
    10-12 May 2021
    Spaces available

    This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern

  • Spaces available

    This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.

  • Spaces available

    Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.

     

  • Spaces available

    The General Insurance (GI) Spring Conference is a result of the General Insurance Lifelong Learning Committee (GILL) combining this year’s 'Current Issues in General Insurance' (CIGI) and 'Technical Issues in General Insurance' (TIGI) conferences into a virtual webinar series over 19 – 25 May that will be available to watch online globally.

  • CILA 2021

    Available to watch globally in May.
    19-21 May 2021
    Spaces available

    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.

  • Spaces available

    This is a free webinar on the consultation on changes to the Practising Certificates (PC) Scheme.

    The proposals come from a recent review of the PC Scheme which was the first substantive look at the IFoA’s approach to the requirements and process for PCs since 2010. It responds directly to feedback received on how the current scheme works especially that received from members and PC Holders.

  • Spaces available

    The world is changing. The fourth industrial revolution, globalisation and the COVID-19 pandemic are up-ending traditional social and business norms around the world; changes that were once predictable and steady are now faster and more profound. In response to this tumultuous transformation, Tan Suee Chieh has advocated a reinvention of the actuarial profession, through the adoption of the IFoA’s Vision, Skills, Mindsets and Domains (VSMD) Strategy, to ensure actuaries remain relevant and forward-looking.

  • Spaces available

    Tools like python/R are being heavily used to provide end-to-end analytical solutions for risk management. They help to set up a framework/platform to collect risk data and work out stochastic analytics to provide insights into the risks faced by a firm, be it in any sector. Data science techniques are being used to not only assess risk, but to predict outcomes in the future based on stochastic analysis and impacts of mitigation techniques. This webinar talks about the possible applications of technology to assist actuarial advice in such situations.

  • Spaces available

    The webinar will look at several aspects of intergenerational fairness and our panel of experts will challenge you, society, taxpayers and generations X, Y and Z on key aspects of DB v DC pensions, public v private sector pensions, state benefits and key aspects of sustainability.

  • Pensions Conference 2021

    Online webinar series
    16-22 June 2021
    Spaces available

    Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.

  • Spaces available

    Given our commitment to the safety of our members and employees, and as the easing of restrictions in respect of COVID-19 cannot be guaranteed at this point in time, we have decided to hold our AGM virtually again this year.

    The Business of the AGM

  • Spaces available

    This is a free webinar on the consultation on changes to the Practising Certificates (PC) Scheme.

    The proposals come from a recent review of the PC Scheme which was the first substantive look at the IFoA’s approach to the requirements and process for PCs since 2010. It responds directly to feedback received on how the current scheme works especially that received from members and PC Holders.

  • Spaces available

    The paper “Asset liability modelling in the quantum era” shall be presented by its authors, Tim Berry and James Sharpe, and chaired by Andrew Smith, Assistant Professor in the School of Mathematics and Statistics at University College Dublin. This gives a summary of historical and current practices in ALM, and then gives an insight into what ALM may be like in the immediate future by demonstrating how quantum computers can be used for ALM. A quantum algorithm for optimising ALM calculations is presented and tested using a quantum computer.

  • Spaces available

    Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible?  This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them. And, of course, how to demonstrate that this is happening.