A cutting-edge research partner
We are the IFoA's Actuarial Research Centre (ARC). We bring together industry, academia and practitioners to deliver a unique package of cutting edge research.
Our model of research is tailored to meet the needs of modern business; drawing on the skills and strengths of our extensive global networks and the insights and experience of our 33,000 members.
By bringing together industry-leading actuarial professionals and academic specialists, we believe we can develop the models, insight and practical tools necessary to ensure actuaries, their employers and society more generally can benefit.
Crucial to the ARC’s success is that we develop this approach in partnership.
Jules Constantinou, IFoA President
We are currently running a programme of webinars, online events and podcasts through our ARC Webinar Series 2021.
The series aims to showcase the results from our cutting-edge research programmes, addressing some significant challenges in actuarial science.
You can catch up on all past events and find out what’s next in the series on our ARC Webinar Series 2021 page.
ARC Webinar Series 2021: Mortality inequality: what insights can we gain from cause of death data? - Registation now open!
Recent research has highlighted significant inequalities in mortality and life expectancy by socio-economic group; differences that have come further under the spotlight during the Covid-19 pandemic.
In this webinar, we will discuss how cause-of-death data from the Office for National Statistics can help us to understand how inequalities arise at the all-cause level. The key to understanding mortality inequality is to think about the chain that connects risk factors, relative risks, and cause-of-death mortality through to all-cause mortality. Mortality inequalities arise when the prevalence of specific risk factors varies significantly between geographical and socio-economic groups and where these risk factors have high relative risk associated with specific causes of death.
ARC Webinar Series 2021: Modelling cancer risk: regional and socioeconomic disparities - Watch on demand now!
Cancer incidence and mortality vary by region and socioeconomic status. Modelling the structure development and trends of cancer risk is important for insurance purposes and can impact pricing and reserving in related health insurance fields such as critical illness insurance and care provision.
In this work we investigate cancer rates over the period 2001-2018 to quantify differences among regions and deprivation groups in England, using data from the Office for National Statistics. Under a comprehensive Bayesian model, which accounts for uncertainties in the data, we provide a detailed assessment of regional and socioeconomic disparities in cancer morbidity and mortality risk. The analysis shows considerable inequalities in some of the most prevalent types of cancer, as well as all-cancer rates, with respect to socioeconomic status by region. It also reveals that the gap among deprivation groups with the highest and lowest cancer rates has widened over time for certain types of cancer. Our research has also found that delays in the average age of cancer diagnosis can result in a significant increase in cancer mortality, that also exhibits regional variation. This can be particularly relevant to diagnosis delays under the current Covid-19 pandemic.
ARC Webinar Series 2021 : Modelling Neighbourhood Mortality Using the Random Forest - Watch on demand now!
This webinar introduces and explains the random forest algorithm in simple language and with interpretable example. We then explain how the algorithm was applied to produce an estimate of relative mortality risk in small neighbourhood areas, using socio-economic metrics as predictive variables. The published Longevity Index for England (LIFE) is also based on the random forest algorithm discussed in the webinar; Introducing the New Longevity Index for England (LIFE) App presented by Andrew Cairns and Torsten Kleinow.
Tell us about your research requirements
We’ve been privileged to work with some of the most well known organisations in pensions, insurance, risk mitigation and more. Working with us to deliver on your research needs is easy; it starts with a simple conversation!
If you are interested in partnering or accessing the ARC’s research for your community, please contact the ARC mailbox below.
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This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
In this webinar, we will discuss how cause-of-death data from the Office for National Statistics can help us to understand how inequalities arise at the all-cause level. The key to understanding mortality inequality is to think about the chain that connects risk factors, relative risks, and cause-of-death mortality through to all-cause mortality.
The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.