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Louise Pryor, incoming President-elect at the Institute and Faculty of Actuaries, discusses how we interpret the accuracy of COVID-19 tests.
David Heath, Chair of the IFoA’s Public Affairs and Policy Board, blogs about the IFoA’s new Inclusive Insurance bulletin series.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing weekly UK mortality analysis through its mortality monitor. This week’s update shows the position as at week 21 of 2020 (16 May to 22 May) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 2 June 2020.
The key points of this update are:
Katy Little, Policy and Public Affairs Assistant, looks at how the move to digital is impacting on the IFoA's enagement with Parliament.
Scott Reid, Chair of the IFoA’s Health & Care Research sub-committee and member of the Health & Care Practice Board, blogs about our virtual round table on mental health.
IFoA’s Head of Engagement, Debbie Atkins, marks Volunteers’ Week and celebrates one of the IFoA’s greatest assets: our volunteers who continue to dedicate their time and energy to the actuarial profession throughout the global crisis.
The first week of June is Volunteers’ Week (1-7 June), a chance to celebrate and thank IFoA volunteers.
The IFoA would like to announce that the Disciplinary Appointments Committee (DAC) is currently appointing to the ‘Disciplinary Panel Pool - Actuary member’ and ‘Investigation Actuaries (IA) - member of the IA Pool’. All roles are advertised on our volunteer vacancies website.
We would particularly welcome expressions of interest from IFoA Fellows in the General Insurance area. If you are based in or outside of the UK we would be keen to hear from you.
The latest paper from ICAT provides insights into the impact on mortality and morbidity at a high level from the perspective of an insurer, and also how COVID-19 may impact insured populations and which customers are likely to be most at risk. Download Identifying insured customers more at risk by Scott Reid, David Beddows, Raunak Jha, Nicola Oliver and John Ng.
Other actuary news
Added: Tue, 05/05/2020 - 15:23The accounting position of defined benefit (DB) pension schemes at the UK's 350 largest listed companies returned to a deficit at the end of last month as COVID-19 continued to hit the economy.
Added: Mon, 04/05/2020 - 16:43UK pension funds endured their worst-ever quarterly performance in the first three months of this year as the coronavirus outbreak devastated global stock markets.
Added: Mon, 04/05/2020 - 15:05The coronavirus crisis could result in general insurance losses of up to $80bn (£64bn) across key classes in the UK and US, new research by Willis Towers Watson (WTW) has suggested.
Added: Thu, 30/04/2020 - 12:32Defined benefit (DB) pension schemes have been told to warn members that transferring to a defined contribution (DC) scheme during the COVID-19 pandemic is unlikely to be in their long-term interests.
Added: Thu, 30/04/2020 - 12:20Global insurers must use their expertise as professional risk managers to champion a fair and green economic response to the coronavirus crisis, a group of NGOs has urged.
Added: Mon, 27/04/2020 - 17:51UK insurance companies expect to pay over £1.2bn in support for businesses and individuals affected by the COVID-19 crisis, the Association of British Insurers (ABI) has revealed.
Added: Fri, 24/04/2020 - 17:31Global reinsurance capital could be slashed by around $30bn (£24bn) as companies look to de-risk their balance sheets by holding cash during the coronavirus crisis.
Added: Fri, 24/04/2020 - 13:42Dividing countries into 'green zones' with low levels of coronavirus risk, and gradually joining them together, could see social and economic interaction returned to normal within two months, a new study suggests.
Added: Wed, 22/04/2020 - 14:11Forcing insurance companies to cover financial losses brought on by COVID-19 when their policies did not include coverage for pandemics would threaten the stability of the entire global insurance industry, insurers have warned.
Added: Tue, 21/04/2020 - 15:53More than 250 institutional investors managing over $8.2trn (£6.7trn) in assets have called on their investee companies to minimise the financial and societal disruption brought on by COVID-19.