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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 16 of 2020 (11 April to 17 April) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 28 April 2020.
The key points of this update are:
We understand that, due to the coronavirus crisis, there may be times over the coming months where a certificate holder is unable to fulfil their duties. Therefore, the organisation may need to put emergency contingency plans in place for such an event.
The simplest solution would be, wherever possible, for the organisation to make use of another Practising Certificate (PC) holder within the same organisation or firm as the current PC holder.
Paul Harwood, member of the Risk Management Board, shares an alternative view.
In the last article on this topic, I suggested that risk management, as a governance function, had no place in the midst of a crisis. That’s a naïve view: in these circumstances, at least two of the roles of the Risk Management Function are unchanged: first, to improve decision making quality, and second, to enhance implementation activity.
In this blog, Matthew Edwards, Editor of the IFoA Longevity Bulletin, talks about life expectancy and the contribution actuaries can make during the COVID-19 crisis.
A group of membership bodies, representing around 300,000 members ranging from optometrists, osteopaths and physiotherapists to market researchers and accountants, has joined forces to call for financial support for their forgotten members who have been overlooked for Government support. These self-employed professionals and small businesses provide important services which have been badly impacted by the COVID-19 pandemic but are struggling to access any of the existing schemes.
This recent report explores the tension within companies regarding their reporting and disclosure on environmental, social and governance (ESG) issues to build a better understanding of the risk/return profile of transparency and thereby help companies to balance competing interests. Initiatives that rank companies’ performance based on information in the public domain are creating new incentives for leading companies to be transparent about their ESG performance.
The Alan Turing Institute, the UK’s national institute for data science and AI, and Cervest, the Earth Science AI company, have teamed up to develop climate change research. They aim to develop data which is currently lacking in certain regions across the world, allowing organisations and communities to have a better understanding of climate change risks.
This report, from think tank Sustainability, shares insights from 17 in-depth interviews with investors, supplemented by a survey of 25 investors, highlighting their views on current Environmental, Social and Governance (ESG) ratings.
The Institute and Faculty of Actuaries (IFoA) has today (22 April) issued a Risk Alert on points for actuaries to consider in relation to COVID-19. This can be found on the Risk Outlook page.
It aims to help bring to the attention of Members some specific issues that have been identified that they may need to consider in the immediate term as a result of COVID-19. It is hoped that the Risk Alert will provide a useful starting point and reminder as Members seek to navigate the current uncertainty.
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 15 of 2020 (4 April to 10 April) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 21 April 2020.
The key points of this update are: