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Sustainable Development Goals (SDG)s

Actuaries identify and manage long-term risk, and can offer a unique expertise into public policy priorities. The Sustainable Development Goals (SDGs) require governments across the world to engage in long term thinking.

There is a consensus in government that the SDGs can only be achieved with the involvement of the private sector working alongside governments, Parliaments, local authorities, civil society, and the scientific and academic community. However, the role of the financial services industry in relation to the SDG’s has so far remained relatively unexplored by policymakers. There is a tendency for policymakers to focus on the roughly £150 billion worth of official development assistance, but there needs to be an increased focus on the £300 trillion of capital in the global markets. If this £300 trillion is harnessed to support, rather than undermine, sustainable development globally, it could be transformative in achieving the Goals.

Financial services has a vital role to play, as fuelling the transition to a sustainable and inclusive global economy by 2030 will require significant amounts of capital. The Principles for Responsible Investment, of which the IFoA is a Network Supporter, considers 13 of the 17 SDGs directly investible, with the others either being Goals where the financial sector can assist in positive transformation, or where the goals support positive financial activity.

In October 2018, the IFoA hosted a webinar on the UN’s Sustainable Development Goals (SDGs). Watch the webinar 

The IFoA have also compiled a list of useful resources from academics, businesses, industry bodies and supranational organisations that are engaging with the SDGs and considering how financial services can respond.

Lucy SayeThe SDGs are the blueprint to achieve a better and more sustainable future for all. Using their unique skill and expertise, actuaries have an important role to play in achieving the 2030 agenda.

Lucy Saye - Sustainability Board  

 

SDG Case Studies 

Sustainable Development Goals Consultations

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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    Actuaries need to take action now - but how?  With a focus on climate change, this session will provide informed insight to enable you to improve your knowledge and understanding of the issues involved, demonstrate how it will impact advice to your clients, and highlight prospective opportunities for actuaries within pensions and wider fields.

  • Spaces available

    A joint webinar from the CMI Mortality Projections and SAPS committees that will cover: recent mortality experience in the SAPS dataset and the general population; the CMI Model benchmarking survey; the MPC 2021 interim update paper; plans for CMI_2021; and initial thoughts on possible "S4" Series pensioner mortality tables.

    The webinar will be presented by Cobus Daneel (Chair of Mortality Projections Committee) and Matthew Fletcher (Chair of SAPS Committee).

  • Spaces available

    Pension scams have become more prevalent as a result of the pandemic, and Trustees have increased responsibilities to protect members, which means that actuaries need to be in a position to provide advice in this area. Our specialist panel will include a professional trustee, an IFA and head administrator, two of whom are members of PASA.

  • Spaces available

    The Covid-19 pandemic creates a challenge for actuaries analysing experience data that includes mortality shocks.  To address this we present a methodology for modelling portfolio mortality data that offers local flexibility in the time dimension.  The approach permits the identification of seasonal variation, mortality shocks, and late-reported deaths.  The methodology also allows actuaries to measure portfolio-specific mortality improvements.  Results are given for a mature annuity portfolio in the UK

  • Spaces available

    In this webinar, the authors of the 2021 Brian Hey prize winning paper present a new deep learning model called the LocalGLMnet. While deep learning models lead to very competitive regression models, often outperforming classical statistical models such as generalized linear models, the disadvantage is that deep learning solutions are difficult to interpret and explain, and variable selection is not easily possible.

  • Spaces available

    The dominant underwriting approach is a mix between rule-based engines and traditional underwriting. Applications are first assessed by automated rule-based engines which typically are capable of processing only simple applications. The remaining applications are reviewed by underwriters or referred to the reinsurers. This research aims to construct predictive machine learning models for complicated applications that cannot be processed by rule-based engines.

  • Spaces available

    With the Pension Schemes Act 2021 requiring a long term strategy from Trustees and sponsors, choosing a pensions endgame strategy has become even more critical. However, it is important that the endgame options available are adequately assessed before choosing one. With an ever-increasing array of creative and innovative options available, this decision may not be straightforward.