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IFoA research suggests that third party motor property damage case estimates are too low and a late rise in claims farming for 2010 injuries
1 July 2013
The Institute and Faculty of Actuaries (IFoA) has released its 4th annual report looking at ‘third party injury (TPI) and third party dam
Incoming President of IFoA looks to " ... ramp up our relevance"
25 June 2013
"Actuaries have a key role to play in business and in public policy, in the UK and internationally. Last year the IFoA’s research on motor insurance claims led to a request for us to present evidence to the Transport Select Committee. Our research on the feasibility of guaranteed pensions was used by the Department of Work and Pensions to help develop the idea of defined ambition pensions.Institute and Faculty of Actuaries comment on EIOPA Long-Term Guarantees Assessment
17 June 2013
“EIOPA’s Long Term Guarantees Assessment has been much anticipated because it is an important step towards the implementation of the principles underlying the Solvency II framework. The approach to long term guarantees in Europe has been one of the main areas of uncertainty and so the insights within EIOPA’s report are key to the ‘next steps’. Today’s proposals outlined by EIPOA would seem to address many of the important issues. However, the detail needs to be worked through and the effect in a variety of scenarios assessed, before the full implications of the proposals for companies and their customers can be understood.
The Institute and Faculty of Actuaries comments on the Transport Select Committee's investigation into whiplash claims
21 May 2013
"The Institute and Faculty of Actuaries (IFoA) has been compiling data from across the motor insurance industry since 2009 on third party
Nick Salter to become Institute and Faculty of Actuaries President-elect for 2013-14
22 April 2013
Nick has been an active volunteer within the IFoA for a number of years in roles ranging from Assistant Examiner, to Chairman of the Memb
Institute and Faculty of Actuaries statement on EIOPA QIS results
10 April 2013
"The Institute and Faculty of Actuaries (IFoA) welcomes EIOPA’s publication of the preliminary QIS results. We note that there is mu
Institute and Faculty of Actuaries statement on GMP Equalisation
10 April 2013
“The IFoA recognises the complex issues affecting the equalisation of GMPs, which were illustrated in the broad spectrum of responses
Budget response from the Institute and Faculty of Actuaries-Pensions
20 March 2013
Commenting on today’s announcement, Jane Curtis, Immediate-past President of the Institute and Faculty of Actuaries said: “The Institute
LLMA and Institute and Faculty of Actuaries seeks partners for research programme into longevity basis risk
28 February 2013
The project is to develop a methodology to quantify the basis risk that arises from using population level mortality indices for managing
David Hare from the Institute and Faculty of Actuaries comments on the social care proposals announced on Monday and suggests that now is the right time to consider how pensions and long term care savings can be better linked
15 February 2013
"Actuaries are one of the few professions that span the pensions, insurance and health care industries and the Institute and Faculty of A