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The Institute and Faculty of Actuaries (IFoA) held a virtual Asia Town Hall 2020 on 15 October focusing on the IFoA’s international strategy for East Asia and South-East Asia. The IFoA’s President, Mr Tan Suee Chieh and Chief Executive, Mr Stephen Mann hosted this webinar and presented to over 200 members and invited delegates.
The Institute and Faculty of Actuaries (IFoA) is delighted to announce that its prestigious Quality Assurance Scheme (QAS) accreditation was awarded to AIA Malaysia on 31 August 2020.
QAS accreditation is designed to provide a level of assurance with regard to an organisation’s commitment to high quality actuarial work.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. The latest update covers weeks 40 and 41 of 2020 (26 September to 9 October) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 20 October 2020.
The key points of this update are:
Book your place now on the January 2021 Certificate in Data Science programme.
One hundred members have already completed the programme and 200 are currently undertaking the programme as part of our second cohort.
Of the first cohort, 80% said that the programme content was relevant to their role and 81% agreed that, having completed the Certificate, they could confidently contribute to a conversation about data science in the actuarial field.
Any analysis of the currently available COVID-19 data needs to ignore case numbers for recent Specimen Dates. This is due to the delay in reporting test results. IFoA Fellows David Hindley and John Roberts have written an article explaining how a standard actuarial technique can be used to provide faster information regarding the trend of COVID-19 cases in the UK.
Nature is declining at an unsustainable rate, with consequences for business, the economy and humanity. A recent Swiss Re Institute report found that 55% of global GDP is moderately or highly dependent on biodiversity and ecosystem services. Despite the gravity of the situation, none of the 2020 global biodiversity targets will be met. In this article, Travis Elsum, an actuary at L&G, explores the drivers of, and solutions to, biodiversity loss and argues that the biodiversity and climate crises must be addressed together.
In order to help us to understand how intergenerational equity is changing over time, the Australian Actuaries Intergenerational Equity Index (AAIEI) tracks and assesses 24 indicators across six broad domains that relate to wealth and wellbeing (Economic and fiscal, Housing, Health and disability, Social, Education and Environment). This report unpacks the trends in the underlying domains and indicators that drive the numbers. Overall, the report suggests that younger people have been relatively disadvantaged across a range of measures in the past few years.
The Life Board meets five times a year and our last meeting was held around the virtual table on 23 September with the usual packed agenda and I thought I would share a summary of our discussions. I have recently taken on the Chair of the Life Board from Colin Dutkiewicz, who expertly chaired for the last two years.
Volunteers of the ICAT workstream F&I1 and the Economics MIG have joined forces to produce the following ‘round-up’ of activity capturing interesting news and events over the last month.
This is the second of regular updates which will be showcased in the ICAT Newsletter which goes out monthly with links on the Economics MIG webpage, so do look out for these.
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Stephen Mann, our Chief Executive Officer, explains how your feedback has been the driving force behind improvements we have made to your membership experience, and how you can continue to make an impact on your professional body.