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IFoA publish Cyber operational risk scenarios for insurance companies
18 October 2018
IFoA publish Cyber operational risk scenarios for insurance companies
The research paper, published by the IFoA’s Cyber Risk Investigation working party was launched at the Sessional Research Event: Cyber Operational Risk Scenarios for Insurance Companies.
Where should you specialise as an actuary?
17 October 2018
In this blog, Chloe Hung, Amazon best-selling author, talks about the range of specialities you can go into as you train as an actuary.
Traditional actuarial work is largely divided into three main areas: life insurance, general insurance and pensions. All three areas offer great career opportunities but there are pros and cons to each area.
Spotlight on UK social care
12 October 2018
Henry Thompson, IFoA Policy Manager explains why the UK political party conferences are such a great opportunity to highlight the expertise of the actuarial profession and promote the public interest
Risk Management and Business Ethics
11 October 2018
Ethical issues are rising in prominence and risk managers need to keep pace with a highly dynamic environment. Ethical questions span a wide spectrum – sustainable investing, customer outcomes and, increasingly, wider business practices, conduct and culture. Best practice corporate governance guidelines are now requiring risk managers to challenge decisions that involve ethical dilemmas.
Current risk management themes in finance and investments
10 October 2018
Wednesday 21 November 2018 15:30
This event is suitable for qualified and nearly qualified actuaries who work in investments or have an interest in this area. Speakers at this event will cover topics on the age of peak LDI, hedging inflation linked liabilities and challenges facing Solvency II internal model risk calibrations. At the end of the event, there will be a networking drinks reception, which will provide delegates the opportunity to network with fellow attendees.
The Cashless Society Working Party latest addendum raises a new issue: the environmental sustainability of cash and payment technologies
10 October 2018
The interim paper “ A Cashless Society: Benefits, Risks and Issues” assessed a number of key economic aspects with a view to balance the arguments, and documented a log of 20 risks and issues.
Now in its second phase of research, the Working Party is exploring further implications of a cashless society. This paper focuses on the environmental perspectives of a cashless society, and proposes to add a new issue to the register.
This paper explores four key areas:
Shaping UK Climate Policy
10 October 2018
A recent research report by the Grantham Research Institute at the LSE assesses the role of the independent Committee on Climate Change (CCC) in shaping UK climate policy. The report’s supportive conclusions enable lessons to be drawn for both domestic and international climate policymakers.
Shell Pension Fund Member Threatens Legal Action
10 October 2018
ClientEarth has recently published an article reporting that a member of Shell’s pension fund has warned that they will take the fund to the Pensions Ombudsman for maladministration – unless it can prove it is managing its climate-related risk.
ClientEarth is supporting the member’s case, which follows only two months after an Australian pension fund member launched a similar action against his pension fund.
IAA Paper on Decarbonisation Published
10 October 2018
The International Actuarial Association (IAA) has published a paper on decarbonisation.
Providing a briefing for actuaries across the Globe, the paper covers topics including; the main types and sources of greenhouse gas emissions; relevant international agreements; commitments made; the policies adopted; likely future developments; and, observations on potential actuarial implications.
IFoA publish updated Directory of Opportunities
8 October 2018
We have updated the IFoA Directory of Opportunities to reflect changes to the IFoA’s governance structure.
The redesigned Directory of Opportunities provides an overview of the governance structure and highlights the many ways you can get
involved. The directory is a helpful resource for existing volunteers and members interested in volunteering.
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Other actuary news
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'Very few' UK employers happy with pension tax structure
Added: Thu, 18/10/2018 - 18:15The majority of UK employers believe the current pension tax structure is too complicated, research from the Association of Consulting Actuaries (ACA) has found. -
UK regulator outlines expectations for insurance firms managing climate risk
Added: Mon, 15/10/2018 - 14:06The Bank of England's Prudential Regulation Authority (PRA) has today published a consultation paper outlining how insurers should best manage the financial risks of climate change. -
Car insurance premiums rise for first time in 12 months
Added: Mon, 15/10/2018 - 12:00UK drivers saw their car insurance premiums rise for the first time in 12 months over the latest quarter, according to data from Confused.com and Willis Towers Watson (WLTW). -
Bitcoin 'on the brink of an implosion'
Added: Fri, 12/10/2018 - 15:44The entire cryptocurrency market is on the brink of collapse following a steep decline in the value of Bitcoin over the last year, according to analysis by Juniper Research. -
Ageing population drives growth in biotech venture capital investment
Added: Thu, 11/10/2018 - 18:13Pharma and biotech firms have attracted well over $19bn (£14.4bn) in venture capital investment worldwide this year, considerably more than was recorded over the whole of 2017. -
Technology 'tightening its grip' on insurance as Brits shun the human touch
Added: Thu, 11/10/2018 - 17:00There are now more people that would choose to make their insurance claims online rather than deal with a human being, a poll of over 2,000 UK adults has found. -
IAS 19 failing to provide enough clarity around pension scheme funding
Added: Wed, 10/10/2018 - 13:50The IAS 19 accounting standard is falling short in providing enough clarity around pension scheme funding requirements and risk, research from Lincoln Pensions has found. -
UK's financial sector told not to expect 'bonfire of red tape' post-Brexit
Added: Tue, 09/10/2018 - 18:12Financial regulation in the UK will get stricter after the country leaves the EU whether a Brexit deal is agreed or not, accounting giant KPMG has predicted. -
New regulations from the FCA to shake up pension transfer market
Added: Tue, 09/10/2018 - 15:00UK savers can expect significant changes to the advice they get when transferring out of defined benefit (DB) pension schemes thanks to new rules introduced by the Financial Conduct Authority (FCA) last week. -
Asset managers urged to prepare for growing scrutiny of individual conduct
Added: Fri, 05/10/2018 - 15:15The UK's £7.7trn asset management sector must step up investment in trade surveillance if it is to comply with growing regulatory scrutiny of individual conduct, KPMG has warned.