You are here

Modelling, Measurement and Management of Longevity and Morbidity Risk

This programme is application driven, with impact and innovation in the pensions and insurance industries and beyond as its primary aims

Programme objectives

  • development of the next generation of single and multi-population mortality models that are robust, straightforward to apply and that are designed explicitly to push back the barriers to financial innovation
  • developing open access modelling of the key drivers of mortality such as smoking, obesity and other lifestyle factors and understanding how these interact with all-cause mortality and cause-of-death mortality data
  • development of a robust, scientific approach that helps key stakeholders to understand better the wider range of options for managing longevity risk
  • development of new methods for pricing and reserving for Critical Illness Insurance.

This multidisciplinary team is led by Professor Andrew Cairns (Heriot-Watt University). The programme is co-sponsored with the Society of Actuaries and the Canadian Institute of Actuaries. The programme supports two PhD students in actuarial science.

SOA Logo CIA Logo

 

Recent Events

CIA Webcast, 29 January 2020

EPISODE 36: TRENDS IN CANADIAN MORTALITY BY PENSION LEVEL

Learn more about this joint study that used Canada Pension Plan and Québec Pension Plan data to examine the mortality of Canadian pensioners subdivided by pension level. Professor Andrew Cairns and Gavin Benjamin (Co-chair of the CIA's Project Oversight Group), discuss key findings, forensic analysis of mortality by pension level, data anomalies, and the benefits of collaboration. Read the paper: http://bit.ly/2NChJNV 

Annual ARC Workshop, 02 December 2019

The research team (Heriot-Watt University, Edinburgh) discussed their work on mortality and deprivation, cause of death, and modelling the impact of socio-economic and geographical effects. The workshop highlighted the wider impact of this research programme, with further discussion on other areas of interest and development. The presentation slides from this workshop are available to view in the outputs and events section. Recordings of the event are available on the IFoA's YouTube channel.

Contact Details

If you want more information about our research programmes please contact the IFoA Actuarial Research Centre:

arc@actuaries.org.uk

Filter or search events

Start date
E.g., 18/06/2021
End date
E.g., 18/06/2021

Events calendar

  • 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

    Behavioural Science Webinar SeriesThe 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.

  • Spaces available

    Risk Management Webinar PrgrammeTools 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.

  • 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

    Mathematical Futures: The Actuary in a World Transformed – Sir Adrian Smith will outline how advances in data science, machine learning and artificial intelligence in the world of big data will transform the nature of many industries, including financial services. The broader environment within which mathematics is applied will change rapidly, often led by innovative yet disruptive forces outside. These changes will undoubtedly have an impact on the work of actuaries - and the profession will need to adapt quickly to thrive.

     

  • 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

    Join newly inaugurated IFoA President Dr. Louise Pryor as she explores what we need to do to keep abreast of the changing world – and how we can seize the resulting opportunities – in her Presidential Address, ‘A Learning Society’

  • 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.

  • Spaces available

    Risk Management Webinar ProgrammeInternal 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.