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Ortec Finance and CFA (Climate Finance Advisors), highlight the importance of taking systemic, macroeconomic climate-related risks and opportunities into account when making strategic investment decisions. This paper explores how incorporating the effects of climate change into investment strategy should be a key component for predicting asset performance as climate impacts become more tangible for investment returns.
Asset managers overseeing $37tn are failing to use their influence to encourage carbon-heavy companies to meet global targets for reducing emissions. A recent report by British think-tank InfluenceMap showed that only a handful of smaller UK and US companies are strongly and consistently engaging with companies to align their business models with Paris agreement targets.
A report into the biggest insurers in the world has found that the number of insurers withdrawing cover for coal projects has more than doubled this year. Unfriend Coal - a co-ordinated campaign of international NGOs - states that coal is on its way to becoming uninsurable as most projects cannot be financed, built or operated without insurance.
The changes in regulation from April 2015 have increased access to retirement savings, while auto-enrolment has increased the number who will be accessing savings in future. Such decisions will be amongst the most important financial choices that many will make during their lives.
Colin Thores, Education Actuary, blogs about the The IFoA Certificate in Data Science.
The IFoA Certificate in Data Science has been developed on the basis of member feedback to equip actuaries with the technologies and methodologies of this emergent field.
John Taylor, President of the IFoA, blogs about connecting with our members in the Middle East and East Africa.
This December I’ll be visiting members and employers in the Gulf region before delivering our first Quality Assurance Scheme (QAS) accreditation award in Africa to Zamara Actuaries, Administrators & Consultants Limited (Actuarial Services).
The IFRS 17 CSM Working Party (Life) is seeking to appoint two additional volunteers to support the finalising of its sessional paper (due Q2 2020). The new volunteers will be required to critically review material produced for a sessional paper and be actively involved in the redrafting or revision of sections as appropriate.
Mike Clark is an IFoA volunteer who volunteer’s on a joint-working party, alongside members of the Institute of Environmental Management and Assessment. It is producing a Guide on the Taskforce for Climate-related Financial Disclosures recommendations. Previously, Mike sat on the IFoA’s Resource & Environment Research and CPD committee and he also represents the IFoA on the Global Advisory Council of the Sustainable Finance Programme at the University of Oxford’s Smith School.
The IFoA's Risk Management in a Digital World Working Party is currently researching the risk management practices and capabilities in assessing risks emerging from InsurTech. As part of this, they are carrying out a survey to gain a range of views and experiences.
Many employers support members in taking on IFoA volunteer roles – with their own interests in mind.
Volunteering for your professional body isn’t just about giving something back - it’s also an opportunity for personal and professional development, if you pick the right role. And frequently it is recognised as such by employers.
Other actuary news
Added: Wed, 11/12/2019 - 13:06UK pension schemes have transferred £135bn of liabilities to insurers over the last decade, and this is set to quadruple over the next 10 years, Mercer has predicted.
Added: Wed, 11/12/2019 - 10:37Abrupt and disruptive policy responses to climate change could permanently wipe up to $2.3trn (£1.75trn) off the valuation of the world's largest companies by 2025.
Added: Mon, 09/12/2019 - 14:26Six in 10 major corporations believe that political risk levels have increased in 2019, an international survey by Willis Towers Watson (WTW) has uncovered.
Added: Mon, 09/12/2019 - 11:36The UK's 350 largest listed companies have recorded their largest year-on-year fall in defined benefit (DB) pension spending for a decade, analysis by Hymans Robertson has found.
Added: Wed, 04/12/2019 - 11:42China has topped an international ranking of students' mathematics skills, with the UK climbing to 18th position from 27th three years ago.
Added: Tue, 03/12/2019 - 13:41The Institute and Faculty of Actuaries (IFoA) has appointed Stephen Mann as its next chief executive, who will take up the post from 6 January 2020
Added: Tue, 03/12/2019 - 11:07An increasing number of UK homeowners do not understand how equity release works, despite £2.8bn in lifetime mortgages being lent by the end of the third quarter of 2019.
Added: Mon, 02/12/2019 - 11:15The number of insurance companies that have withdrawn their support for the coal industry has more than doubled this year, the Unfriend Coal campaign has revealed.
Added: Thu, 28/11/2019 - 13:11UK insurers are overlooking an opportunity to build brand retention and loyalty by not connecting more with their customers, a new survey has uncovered.
Added: Thu, 28/11/2019 - 13:06British women are twice as likely as men to be unaware of how much they have saved in their pensions, according to new research by insurance firm Aegon.