Launch of the IFoA’s 2020 thought leadership campaign The Great Risk Transfer. The campaign will examine the trend of the transfer of risk from institutions to individuals, and how people can be better equipped to manage the financial risks they now face. At this breakfast event the IFoA will launch a call for evidence on this topic.
This event is now full. Please register for the waiting list here
In the 21st century, a range of risks that were once managed by institutions - an employer, the State, financial providers – are now the responsibility of individuals. Institutions are increasingly giving people greater freedom to manage their affairs how they see fit, but this freedom comes with additional risk and responsibility.
The transfer of risks from institutions to individuals is a common theme behind a number of separate and specific concerns across the actuarial profession. Evidence of this shift exists in a number of areas of public policy and actuarial work, and amounts to a profound change in the way that individuals organise their life and finances. Meanwhile, levels of numeracy, financial literacy and understanding of risk is low, meaning large parts of the population are not well equipped to deal with the risks they now face.
Throughout 2020 the IFoA will explore this theme in detail, collect evidence about how the trend is manifesting in practice and explore solutions that could help people become better equipped to manage risk. We will explore examples from across different policy issues and practice areas, including pensions, general insurance, investment and social care.
Contact Events Team for more information.
0207 632 1498
Presentations and Panel discussion
Staple Inn Hall,
Nearest Public Transport
Chancery Lane Tube