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Jasvir Grewal has volunteered for the IFoA since 2013. She has been a member of several working parties, including the Model Risk Working Party and current membership of the Cyber Risk Working Party. In summer 2019, Jass also became a member of the IFoA’s Risk Management Board. Working in London, Jass is an Actuary with Arcus 1856 providing traditional and bespoke re/insurance solutions.
Scott Reid has been a volunteer Chair of the Health & Care Research Sub-Committee for the last 2 years and is a Fellow of the IFoA. Scott lives in London and works for Zurich Insurance Company Limited for a global team based in Zurich, Switzerland.
Simon Jones (immediate past chair of the R&E Board) blogs on sustainability and why actuaries need to change their mindset to change the world.
The IFoA and FTI Consulting’s Global Insurance Services practice recent webinar, Insurers – How to Win on the Rebound, saw Angela Darlington (CEO, Aviva UK Life) and Lance Burbidge (Chief Investor Relations Officer, AIA) join FTI Consulting’s Graham Handy and Neil Reynolds to discuss the impact of COVID-19 on the insurance sector and how insurers can position themselves for future growth.
Current state of play:
John Roe, Head of Multi-Asset Funds at Legal and General Investment Management, looks at his experience of working in London’s lockdown ghost town, the spirals of doom in March’s investment markets and how he thinks about investing under the current extreme uncertainty.
IFoA membership subscription renewal notices have now been issued by email for 2020/2021, with fees becoming due on 1 October.
In light of the global coronavirus crisis and the impact this has had on many members, IFoA Council has approved an extension to the payment schedule for this year.
For 2020/2021 only, you have until 14 November to pay your subscription fee without surcharge.
The Institute and Faculty of Actuaries is proud to become a signatory to the Green Finance Education Charter (GFEC). Actuaries have a key role to play in promoting an understanding of climate risk and of the importance of Green Finance, particularly as we look to it as a means of rebuilding the economy post the Covid-19 crisis. We consider the Charter to be a useful tool in helping us to empower our members to fulfil this role. Now is the time for all actuaries, whichever field they are working in, to play their part.
The IFRS for GI Insurers working party has, in collaboration with the Discount Rates working party, just released a new paper called “Setting ‘bottom-up’ discount rates under IFRS 17 for General Insurers”. This paper provides an overview of how to determine IFRS 17 discount rates using the bottom-up approach.
Scientists call for investments to prevent deforestation and limit the wildlife trade in order to reduce the risk of future pandemics. Proposed actions to prevent future pandemics has been costed to be between $22 - $31 billion USD annually.
For more than 40 years, scientists have expressed expected temperature increases as a range, generally accepted as between 1.5 and 4.5°C higher than pre-industrial levels. A new study has sharply narrowed that to between 2.6 and 4.1°C. This is known as climate sensitivity. How sensitive global temperatures are to CO2 levels are important for policy makers, and society as a whole, to act in order to mitigate the effects of climate change.