The ACI has been developed by a consortium of North American actuarial bodies - American Academy of Actuaries, the Casualty Actuarial Society, the Canadian Institute of Actuaries and the Society of Actuaries. It is intended to serve as a tool to provide information about climate-related extreme events to the insurance industry and the general public. It is based on six key elements:
- High temperatures
- Low temperatures
- High precipitation
- Strong winds
- Sea level
Measures of these elements are combined into an index that looks at changes compared to the period from 1961 – 1990. Currently, the ACI covers only North America.
UK/Europe Feasibility Study
The IFoA commissioned a feasibility study to explore whether would be possible to extend the ACI to cover the UK and Europe. The study concluded that an extension would be technically feasible, and that no changes to the formulation of the index would be required; the main challenge would be that of selecting the optimal datasets.
|Research commissioned by:||The IFoA|
|Project conduted by:||
Louise Pryor, Kenneth Donaldson
If you have any questions or wish to discuss any aspect of our funding for member-led research please contact the Research and Knowledge Team:
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Delivered by the IFRS 17 Contractual Service Margin working party.
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields.
This session is a repeat of the one earlier today at 09:30
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.
This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.
Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year
The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.