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Chris Reynolds, IFoA Health & Care Board Chair provides an update.
Marcus Hurd provides an update on the latest Sustainability Board activities.
Population Health Management (PHM) uses data analytics to tailor the development of interventions for local population segments. It aims to improve health outcomes across the whole population and reduce health inequalities between segments. The IFoA Population Health Management Working Party (the ‘WP’) was formed in 2018 to explore how the actuarial skillset may enhance the NHS's use of data and analytics in PHM.
The Equity Release Mortgages Working Party is inviting participants to submit model outputs for the purpose of analysing the long-term property risk associated with equity release mortgage assets. The ERM WP would welcome responses from both industry and academia in the UK and also international modelling perspectives.
We’re continuing to listen. A growing number of you are telling us about your work – or your interest in working – in banking, and we’re responding.
Sandy Trust, Chair of the IFoA Sustainability Board provides an update on his themes for the next year.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. Today’s update covers week 34 of 2021 (21 to 27 August), based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 7 September 2021.
The key points of this update are:
The IFoA has a duty to regulate the actuarial profession in the public interest. We do this by promoting the value of actuarial science, driving excellence in the profession and in being the voice of actuaries.
An essential part of driving excellence in the profession is supporting our students to achieve our respected and sought after premium qualifications. Therefore, we reserve the right to protect the integrity and reputation of our examinations by ensuring that candidates are not gaining an unfair advantage.
Responding to speculation about reform and funding for social care, Chris Reynolds, Chair, Health and Care Board at the Institute and Faculty of Actuaries, said:
Last month the Management of Closed Funds Working Party issued a survey relating to sunset clauses and the effective run off of closed funds. From the responses the working party will be looking to assess best practice for managing closed funds. This work builds on the FCA’s thematic review and we hope to publish findings that will ultimately lead to improved customer outcomes, particularly considering: