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Dick Rae, Chair of the IFoA’s Finance and Investment Board, rounds up the Board’s advice to actuaries for responding to the coronavirus crisis.
I, along with the rest of the F&I Board hope that you are keeping safe and well. Many of you probably feel well supported in your work by your organisation and by your colleagues. The F&I Board is conscious though that some of you may not enjoy that luxury.
Chika Aghadiuno, chair of the IFoA’s Diversity Advisory Group, blogs on how the coronavirus crisis is exposing inequities in society.
The IFoA working party on e-cigarettes has now published their final paper which can be found on their web page. A film of their recent sessional meeting on 24 February is also available on the VLE.
Working Party Chair
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing weekly mortality updates. This update shows the position as at 3 April 2020 (week 14 of 2020), based on provisional deaths data published by the Office for National Statistics (ONS) on 14 April 2020.
The key points of this update are:
Paul Harwood, member of the Risk Management Board shares his thoughts!
At the 2012 risk conference, Michael Thompson and Alice Underwood shared some work describing how different corporate cultures treat risk. There were four distinct approaches suggested: risk seeking, risk sharing, risk management and risk avoidance.
The research went on to model success in different economic conditions, aiming to show that a different risk approach produced the best results in different economic conditions (stable, volatile, trending upwards, trending downwards).
In this blog, policy and public affairs assistant Katy Little discusses the results of the Labour leadership contest and how new leader, Sir Keir Starmer, now has the monumental task of repositioning the party with both party members and the electorate following four consecutive general election losses. Find out more about what policy and personality changes we can expect to see and how these relate to the IFoA’s Key Policy Priorities.
Neil Buckley, Chair of Regulation Board, blogs on some of the issues raised by the IFoA proposals for a new CPD Scheme.
How are the proposals better than the current arrangements?
Alan was a larger-than-life character who was admired and respected by people in and outside the actuarial profession.
We fully appreciate that the global coronavirus crisis means that members are managing huge disruption in their personal and professional lives.
We wanted to provide some reassurance about the approach the IFoA is taking to ensure members are able to meet their professional requirements:
The impact of the COVID-19 outbreak can be seen in almost every aspect of our working and personal lives. The IFoA is looking at how the profession can meaningfully contribute to the fight against COVID-19, and has set up a hub of information from IFoA members and other organisations, as well as a place for actuaries to discuss the impacts of the pandemic in more detail.