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25 June 2013

In his inaugural address, President of the Institute and Faculty of Actuaries (IFoA), David Hare, said:
"Actuaries have a key role to play in business and in public policy, in the UK and internationally. Last year the IFoA’s research on motor insurance claims led to a request for us to present evidence to the Transport Select Committee. Our research on the feasibility of guaranteed pensions was used by the Department of Work and Pensions to help develop the idea of defined ambition pensions. Our ongoing research into dementia and other long term care issues has led to conversations with the Department of Health. We are already informing the debate, but it is time that we were better understood.  As President of the IFoA my focus will be to improve the understanding of the relevance of the work of actuaries. In short, I want to ramp up our relevance.”

David Hare commenced his role as President of the IFoA on the 24th June 2013 from Philip Scott.  A specialist in life insurance, Dr Hare is a partner with Deloitte following a career with Scottish Mutual, Abbey National and, latterly, Standard Life.

Dr Hare was a member of the Faculty of Actuaries Council from 2001-2010 and Vice-President from 2009-2010.  He is an active member of the IFoA’s Life community as both a member and former chair of the Life Practice Executive Committee. 

 

~ENDS~

Editorial notes:

  1. Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.
     
  2. Members of the IFoA have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.
     
  3. Members are governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of actuaries in society.
     
  4. The IFoA is available to provide expert independent comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.

A jpeg image of David Hare is available on request.

For further comment please contact the media office by calling 020 7632 487 or by emailing pressoffice@actuaries.org.uk.

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