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Actuarial Research Centre (ARC)

The ARC is the IFoA’s global network of researchers from around the world. A core part of the ARC is the delivery of industry-relevant research. View some of the online material arising from ARC research below. All videos are free to watch and eligible for CPD.

If you have already registered and paid to watch a live-webinar, and would like to watch the recording, please follow the instructions below:

  • IFoA members – Please click on the title of the recording below. This will take you to the IFoA's Virtual Learning Environment (VLE) where you will be able to login and access your recording. 
  • If you are not a member of the IFoA –You will have received an email detailing the link to watch the recording. 

If you were not able to watch the live webinar and would like to purchase or watch the recording, please follow the links in the listings below. Please note that orders placed out of office hours will be processed the following working day.  

ARC Webinar Series 2021

ARC Webinar Series 2021 - Use of Primary Health Care Records Data in Actuarial Research

This webinar reviews 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. The research concentrated on the longevity of people with major long term medical conditions such as diabetes, transient ischaemic attack, stroke and heart attack, and assessed the effects of key treatments such as statins, blood pressure drugs and hormone replacement therapy. Analyses were based on electronic primary health care records of 3.4M patients born before 1960, extracted from The Health Improvement (THIN) data-base. Professor Elena Kulinskaya and her team describe the approaches used, lessons learned, and their main results, including development of their innovative MyLongevity app to calculate life expectancy

A recording of this webinar is available for members to watch FREE

ARC Webinar Series 2021: Understanding Biases in Trustee Decision Making

What is the evidence that “behavioural” factors, such as human psychology, company culture, corporate politics and conflicts of interest, cause institutional investors to deviate from optimal behaviour? Professor Peter Ayton (Leeds University Business School) presents his findings from the first extensive research programme conducted into the decision making processes of pension fund trustees. This free-to-view webinar is the first in the IFoA’s 2021 series highlighting its commissioned research through its Actuarial Research Centre (ARC) and offers an opportunity to put questions to the panel on the practical implications for actuaries working in investments and other areas.

A recording of this webinar is available for members to watch FREE

 

2019

ARC 2019 Mortality and Longevity Symposium, Longevity and Morbidity Risk programme
 

This ARC research programme is application driven, with impact and innovation in the pensions and insurance industries and beyond as its primary aims. In this video, Professor Andrew Cairns (Principal Investigator) discusses his work on LSOA mortality data and shares some findings on variations in mortality rates (by socio-economic groups and by regions) in England.

Joint CIA, IFoA, SOA Webcast: Measuring Pension Plan Risk from an Economic Capital Perspective
 

Jointly sponsored by the Institute and Faculty of Actuaries, Society of Actuaries, and CIA, this webcast will present research that compares the risk profiles of pension plans in the UK, the US, and Canada.

At the end of this session, attendees will be able to:

  • Identify the key items that affect the financial risk of a defined benefit pension plan;
  • Compare the financial risk implications of different pension plan designs; and
  • Evaluate the impact of alternative asset mix policies on the financial risk of a pension plan.

Economic capital, the 0.5th percentile result of a stochastic projection, is the primary risk measure employed. The research examines not only the difference in economic capital requirements between typical plans in the three countries, but also its sensitivity to changes in asset allocation, contributions, and starting funded status. This webcast is part of a wider international research programme, co-sponsored by the IFoA, looking into the impact ageing populations have on asset values over long time periods and considering the potential impact on large pension plans in Canada, the UK and the United States. The research is being conducted by the University of Waterloo (Canada) and the University of Kent (UK). Further details about the research can be found here.

Speakers: Stephen Bonnar (FCIA), University of Waterloo 
Aniketh Pittea and Pradip Tapadar, School of Mathematics, Statistics & Actuarial Science, University of Kent

ARC Event: ERM Results Launch
 

The IFoA’s Actuarial Research Centre (ARC) held a research results launch event on the subject of Equity Release Mortgages (ERM): No Negative Equity Guarantee (NNEG) at Staple Inn Hall, London.

In July 2018, the IFoA and the Association of British Insurers (ABI), through the ARC agreed to jointly commission an independent piece of research to determine appropriate methods for determining ERM cash flows and their value.

The University of Kent led by Professor Radu Tunaru (Senior Researcher) was awarded the contract to carry out this piece of research, which is shared here.

 

ARC Webinar Series 2018

ARC Webinar Series 2018: Behavioural Aspects of Institutional Investment Decision-Making

This webinar explores the decision-making of institutional investors, in particular insurers and pension schemes, and the biases that may affect their investment decisions.

Sponsored by Aon and Invesco

Speakers: Professor Peter Ayton (City, University of London) and Dr Iain Clacher (University of Leeds).

ARC Webinar Series 2018: Minimising Longevity and Investment Risk while Optimising Future Pension Plans

This webinar covers the development of pension product designs that keep customers' needs at the forefront, with a real income in retirement that minimises costs for the customer.

Speakers: Dr Catherine Donnelly (Heriot Watt University).

ARC Webinar Series 2018: Modelling, Measurement and Management of Longevity and Morbidity Risk
Tuesday 2 October 2018
This webinar is about developing a new generation of mortality and morbidity models, with a specific focus on the drivers for mortality.

Speakers: Dr Torsten Kleinow (Heriot- Watt University) and Dr George Streftaris (Heriot-Watt University)

ARC Webinar Series 2018: Use of Big Health and Actuarial Data for understanding Longevity and Morbidity
Monday 17 September 2018
In this webinar new statistical and actuarial methods in the use of Big Data are discussed, in the context of health and wider applications.

Speakers: Professor Elena Kulinskaya (University of East Anglia) and Co-Investigator Nigel Wright (Aviva).

 

2018

ARC Sessional Reseach Event: How Medical Advances and Health Interventions Will Shape Future Longevity
Monday 25 June 2018
In this ARC sessional Professor Elena Kulinskaya will discuss her paper How Medical Advances and Health Interventions Will Shape Future Longevity which shows how estimated mortality hazards can be translated to hypothetical changes in life expectancies at the individual and population levels.
ARC Sessional Research Event:Self-selection and Risk Sharing in a Modern World of Life-Long Annuities
Monday 14 May 2018
In this ARC sessional Professor Jens Perch Nielsen and his co-authors (from Cass Business School) find new solutions to three of the most current and challenging problems in pension research.
ARC Sessional Research Event: Still Living with Mortality: The Longevity Risk Transfer Market after One Decade
29 January 2018
This paper updates Living with Mortality written more than a decade ago. It describes how the longevity risk transfer market has developed over the intervening period, and, in particular, how insurance-based solutions – buy-outs, buy-ins and longevity insurance – triumphed over the capital markets solutions that were expected to dominate at the time.

 

ARC Webinar Series 2017

ARC Webinar Series 2017: Minimising Longevity and Investment Risk while optimising Future Pension Plans 14 June 2017
This webinar is part of a series to showcase three large research programmes currently running through the ARC, which seeks to address some of the significant challenges in actuarial science.
ARC Webinar Series 2017: Use of Big Health and Actuarial Data for understanding Longevity and Morbidity 13 June 2017
From this webinar you will learn about the objectives of this research programme and some of the early developments since its commencement in autumn 2016.

Speakers: 
Professor Elena Kulinskaya (University of East Anglia) – Principal Investigator for the research programme
Nigel Wright (Aviva)

Facilitator:
Professor Andrew Cairns (Director of the Actuarial Research Centre)

ARC Webinar Series 2017: Modelling, Measurement and Management of Longevity and Morbidity Risk 17 May 2017
Developing a new generation of mortality and morbidity models, with a specific focus on the drivers for mortality.
Speaker: Professor Andrew Cairns, Heriot-Watt University

 

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Events calendar

  • Spaces available

    Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators

  • Spaces available

    Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.

  • Actuarial Innovation in the COVID-19 era

    This event is online. 
    26 April 2021 - 7 May 2021
    Spaces available

    Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.

  • Spaces available

    This event is also repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place if Tuesday is your preferred choice.

    Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.

  • Europe Town Hall

    28 April 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.

  • 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.

     

  • 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.

  • 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.