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AMS announces topics for future reviews
16 December 2020
The IFoA Actuarial Monitoring Scheme is pleased to announce topics for future review that will form part of our Thematic Review Programme. Topics are chosen in areas identified as being of significant public interest, as well as having the potential to provide useful insights into the work of IFoA Members. The Actuarial Review Team will undertake reviews in the following areas:
CMI notes excess weekly deaths remain high but stable
15 December 2020
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. The latest update covers week 49 of 2020 (28 November to 4 December) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 15 December 2020.
The key points of this update are:
Health & Care Board update – December 2020
15 December 2020
Scott Reid, Health & Care Board Member provides an update.CMI to modify Mortality Projections Model for CMI_2020
14 December 2020
CMI to modify Mortality Projections Model for CMI_2020
IFoA publishes UK pensions thematic review
14 December 2020
The IFoA’s Actuarial Review Team has published its first thematic review, which looked at the actuarial advice given by scheme actuaries to UK pension scheme trustees on setting transfer values and commutation rates.Banking and Actuaries
14 December 2020
Visit the new Banking Lifelong Learning webpage which brings together resources and information for those interested in Banking as a career option.
Five of our members showcase their journey into banking and their continuing careers in a collection of case studies
There are links to resources and courses to get you started.
The next pandemic: where is it coming from and how do we stop it?
10 December 2020
In this article, virus-hunters in jungle hot spots and labs give their views on the challenges and cause for optimism in identifying new viruses and preventing another major international pandemic. It explores factors that make disease emergence more likely or change the pattern of disease, such as deforestation and the illegal trade in wild animals, anthropogenic climate change and extreme weather events such as drought and flooding.
Discussion Paper on Risks to Water Resources
9 December 2020
A discussion paper, prepared by the Resource and Environment Working Group (REWG) of the International Actuarial Association (IAA), examines the natural and human risks to water resource systems. It illustrates these water resource risks by considering three representative systems: those in New York City, Mexico City and India. A generalised risk register is developed that identifies and classifies the risks that all such systems face. Each of the three representative systems is then assessed using the risk register as a starting point.
Consistently high weekly excess deaths through November says CMI
8 December 2020
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. The latest update covers week 48 of 2020 (21 November to 27 November) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 8 December 2020.
The key points of this update are:
Solvency II: Call For Evidence - Survey for General Insurance Actuaries
7 December 2020
General Insurance actuaries are encouraged to complete the following survey, set up on behalf of the IFoA, as part of the response to HM Treasury on post-Brexit changes in Solvency II.
The IFoA aims to submit a response in January 2021 and survey results will be considered in this final write up. The UK Government is looking for opinions on changes in SCR, Risk Margin, Discount Rates, Reporting, Climate Change and Matching Adjustment.
Scott Reid, Health & Care Board Member provides an update.
The IFoA’s Actuarial Review Team has published its first Pages
