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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.
The IFoA launched a major research project on 07 June 2021 to identify future needs of the pre-Associate curriculum.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. The latest update covers week 21 of 2021 (22 May to 28 May) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 8 June 2021.
The key points of this update are:
The 12 May meeting began with an update on engagement between the Sustainability Board and the Practice Boards on the recommendations of the Climate-Related Risk Taskforce (CRRT). To keep momentum and progress on the member engagement plans, closer working ties are being established between the Sustainability and other Practice Boards.
Commenting on the Financial Conduct Authority’s (FCA) finalised rules on General Insurance Pricing Practices, John Taylor, Immediate Past President at the Institute and Faculty of Actuaries, said:
The IFoA has today commenced a Member vote on proposed changes to our Bye-laws and Rules, which aim to simplify the arrangements concerning an elected member of Council's length of service on, and retirement from, Council. These changes, which have been approved by our Council, must now be approved by a simple majority of the IFoA's members in order to be formally adopted (subject to the outstanding approval of the Privy Council on the changes to our Bye-laws).
The IFoA’s Longevity Catalysts Membership Interest Group (MIG) is thrilled to be able to host a panel discussion looking at the exciting and very relevant area of vaccine development and the role it may have as a longevity catalyst.
The UK Asbestos Working Party periodically carries out market surveys of insurance company UK asbestos-related claims in order that they can estimate the future cost of UK asbestos-related claims to the insurance industry.
The election for the vacant General constituency seats on the IFoA Council opens on 20 May. Voting members in that constituency should look out for an email from Civica Election Services that afternoon, as that email will contain your unique link to cast your vote.
Be sure to cast your vote before voting closes at 12pm on 22 June.
Louise Pryor, IFoA President-elect, said: “All Fellows and Associates have a vote, but many of us fail to use it. This is a shame, because it’s the main opportunity we have to influence the IFoA’s direction.
We are very sorry to report the passing of Council member Mahidhara Davangere who has died from Covid-19.