Continuous Mortality Investigation
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing weekly mortality updates. All mortality monitor weekly updates are publicly available on the mortality monitor page.
* The CMI operates as a not-for-profit private company that is wholly owned by the Institute and Faculty of Actuaries (IFoA).
Addressing the Covid-19 pandemic
- Coronavirus statistics in the UK: How reliable is the data?, Richard Kelsey, 12 June 2020.
- COVID-19: Using an Automated Chain Ladder technique to predict ultimate Daily Deaths in a live environment, Richard Kelsey, 10 June 2020.
- Mortality risk factors, Matthew Edwards, 15 May 2020.
- The co-morbidity question, Matthew Edwards and Stuart McDonald, The Actuary, May 2020.
- What is the difference between longevity and mortality? Matthew Edwards, 28 April 2020.
- Modelling and Covid-19. Louise Pryor, Institute and Faculty of Actuaries. 26 March 2020.
- The Minsky Moment of Fallen Angels Risk, Lawrence Habahbeh, 15 September 2020.
- Communicating actuarial concepts with real-world examples from the COVID-19 pandemic, Andrea Munley, 09 September 2020
- So you’ve caught the pandemic modelling bug; now what?, Richard Marshall, 26 August 2020.
- Income and inequalities - thoughts as we emerge from lockdown, Andrew Robinson, John Branford, Naliaka Wafula, Sukrita Chabbra, 17 August 2020.
- Property: another COVID-19 victim, Lizzie Waghorn and David Mitchell, 12 August 2020.
- Addressing sustainability: Why actuaries need to change their mindset to change the world, Simon Jones, 10 August, 2020.
- The Investment Manager’s View: It’s Day 135 in the Big Brother House, John Roe, 07, August, 2020.
- Who’s afraid of adverse selection? Pradip Tapadar, Guy Thomas, 04 August, 2020.
- The impact of COVID-19 on social care, Ian Collier, James Cripps, Fiona Fan and Adele Groyer, 03 August 2020.
- ONS data – providing early indicators to insurers, Steve Bale, 6 July 2020
- It was on the risk register, Neil Cantle, 6 July 2020
- Zoom boom or Zoom doom?, Oliver Shaw, Institute and Faculty of Actuaries, 10 June 2020.
- How good is my test?, Louise Pryor, Insititute and Faculty of Actuaries, 05 June 2020.
- ICAT COVID-19 survey results, Kirstin Cam, Julie Pallister, Holly Steward, and Randall Wright of the IFoA’s COVID-19 Action Taskforce (ICAT) summarise a recent survey of ICAT volunteers. 04 June 2020.
- COVID-19: the need for liquidity and dealing with increased asset volatility – what can insurers and pension funds do? Norman Peard, 27 May 2020.
- COVID-19 report: Impact on new business in health & care, 21 May 2020.
- So close yet so far: COVID-19 isolation, Rosalind Rossouw, IFoA’s Diversity Advisory Group, 11 May 2020.
- Uncertainty and Coronavirus, Andrew Smith, Professor at University College, Dublin, 7 May 2020.
- COVID-19 impact on individual assets and balance sheet for Insurers, Gareth Mee, Deputy Chair of the IFoA’s Finance and Investment Board, 06 May 2020.
- What a difference a word makes, Matthew Edwards, 27 April 2020.
- Investment Actuaries: Check your COVID-19 response, Dick Rae, IFoA Finance and Investment Board Chair, 21 April 2020.
- Global Pandemic - the great leveller? Chika Aghadiuno, Chair of the IFoA’s Diversity Advisory Group. 17 April 2020.
- Home working: Has your business thoroughly assessed the risk? Vishesh Gosranit and Stephanie Eybers. 25 April 2020.
- Scheme Actuaries: check your Covid-19 contingency plans. Mark Williams, IFoA Pensions Practice Board Chair, 25 April 2020.
- Contingency plans for Practising Certificate holders
- Risk Alert COVID-19
- Covid-19 and IFoA regulation: how it affects IFoA members
- Twitter Sentiment Analysis: What does Social Media tell us about coronavirus concerns in the UK?
- Extreme Mortality Events – How Bad is Coronavirus?
- Challenging Conventional Wisdom – What Currently Accepted ‘Truths’ About COVID-19 Are Wrong?
Reports and papers
- COVID-19 and pandemic response unemployment - COVID-19 is causing a severe economic recession in the United Kingdom (UK) due to unprecedented government interventions to control the virus that was declared a pandemic on 11 March 2020 . In this bulletin Scott Reid, John Ng, Dr Chris Martin and Josephine Robertson focus on UK unemployment forecasts where the working group have provided an application using R-Shiny to enable actuaries to consider a range of expert opinions and functionality to create custom scenarios. The code for this is open access.
- COVID-19 Report: Impact on social care (Health and Care) - In this paper James Cripps, Adele Groyer, Ian Collier and Fiona Fan look to provide some insight into the impact of COVID-19 on social care and the health and wellbeing of those receiving care. We focus on the UK, but we consider the relative outcomes in other countries and any insight that provides.
- COVID-19 Report: Impact on New Business (Health and Care) - In this paper, Adele Groyer, Christopher Reynolds and Vicky Gardner consider the challenges posed by COVID-19 on the distribution and risk management of new business in the UK individual and group protection space.
COVID-19 Report: Supporting protection insurance and savings customers (Health and Care) - In this paper Richard Purcell and Nick Reilly consider the potential direct and indirect impacts of COVID-19 on customers and what can be done by government and UK providers of protection insurance and long-term savings products to support them.
COVID-19 Report: Identifying insured customers more at risk (Health and Care) - In this Paper Scott Reid, David Beddows, Raunak Jha, Nicola Oliver, and John Ng review some of the key studies available to date to understand insights into the impact on mortality and morbidity at a high level from the perspective of an insurer, as well considering how COVID-19 may impact insured populations and which customers are likely to be most at risk.
Filter or search events
There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia. The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.
This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.
This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements.
The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise. In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities.
“Lifestyle Product” being the key to make insurance a daily necessity rather than a luxury, by having high engagement and interaction with the consumers through:
Consumer expectations are changing Insurance. The Royal Commission in Australia, Design Obligations in the UK, the insurtech ecosystem, and digital-first consumers demanding personalised solutions will all revolutionise how insurance looks like in the future.
This presenter / panel workshop hybrid will be anchored by two presentations examining the socioeconomic, medical and technological factors that will have a significant impact on mortality and our pricing over the next 20 years and beyond. It will also discuss whether significant mortality improvement will continue in Asia or whether varying experience of low improvements or deterioration.
16.00-17.00 (GMT+8) | 09.00-10.00 (BST)
This presentation explores some liability-aware investment solutions to address local regulatory changes faced by insurance companies in Asia.
This presentation aims to provides an overview of the reformation of current Chinese regulatory solvency regime, how industry coping with the new normal after pandemic time and how the reformation of the regulation could help the insurance industry gets back on its feet as well as coming back to the “protection” core value for the policyholders. The presentation would include:
16.00-17.00 (GMT+8) | 09.00-10.00 (BST)
The basic data of China’s 2nd Critical Illness Mortality Table covers 2000+ products in Chinese market, including about 340 million insurance policies and 5.1 million claimants. Presenter will give the audience a general understanding including but not limited to the following contents:
What are the advantages of using artificial intelligence (AI) in investing? What are the differences between traditional quant and AI? This new webinar discusses challenges and the future of AI in the investment sector.
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.
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.
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.