Latest IFoA news
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Resource and Environment Research Opportunity
30 May 2019
The US Society of Actuaries has issued a request for proposals to produce introductory educational research papers in the Resource and Environment field and would welcome applications from IFoA members, or teams involving them, including academics. Detailed knowledge of the North American market is not a key requirement.
The deadline for submissions is 1 July but an intention to submit a proposal is requested by 17 June.
A Study of Major Hurricanes and Subsequent Market Response Working Party Questionnaire - Deadline 8 July 2019
30 May 2019
The 'A Study of Major Hurricanes and Subsequent Market Response' Working Party invites you to complete a questionnaire to help them build an understanding of US hurricanes and the historical market response.
Please complete the survey by end of day on Monday 8 July 2019.
All responses provided will be anonymised, aggregated and made publically availalbe on the IFoA website after the survey has ended.
Cyber Risk: A chance to voice your opinion
23 May 2019
The Cyber Risk Investigation Working Party is looking to you to help shape the focus of its work. How do you think about Cyber Risk? What areas of your work are most impacted? Where do you see the most uncertainty? The working party wants to improve its understanding of current industry views on cyber risk.
It has launched a short 5 minute survey and would appreciate responses, regardless of your role or current understanding of cyber risk. The survey is open to all members of the IFoA and also to other industry professionals who want a voice. All responses will be anonymous.
Meet Keith Jennings, the new Chair of the Risk Management Board
23 May 2019
My name is Keith Jennings, and I am delighted to be your incoming Chair of the Risk Management Board. I want to thank Neil Cantle for all his work as a chair and am really pleased he’ll be continuing to support as a Risk Board member. I’m very keen to connect with our members and understand what you want as a risk community. We’ve established an email address risk@actuaries.org.uk and I’d encourage you to get in touch. I am very passionate about risk being at the frontier of actuarial science. In an ever changing world what do you need in term
The Good, The Bad, The Actuary
22 May 2019
Ethical issues are rising in prominence, and they span a wide spectrum, including sustainable investing, customer outcomes, wider business practices, conduct and culture.
Best practice corporate governance guidelines are now requiring risk managers to challenge decisions that involve ethical dilemmas.
On 11 April 2019 we brought together a panel of CROs to discuss:
Risk Measures working party: Investment risk for long term investors
22 May 2019
Authors from the Risk measures working party presented their paper “Investment risk for long term investors: risk measurement approaches - Considerations for pension funds and insurers” at a Sessional Research Event meeting in London on 18 March. The presentation covered the fundamentals of investment cash flow shortfall risk for the long term investor, followed by perspectives from each of the pensions and life insurance industries, equity investment portfolio risks and returns, and alternative risk measurement approaches. Some key themes from this research:
IFoA Council Elections 2019: vote now
21 May 2019
The Institute and Faculty of Actuaries (IFoA) Council sets the strategic direction of the IFoA and supports the delivery of the IFoA’s public interest objective. IFoA Council elections are your opportunity to ensure the actuarial profession is equipped to rise to the particular strategic challenges that lie ahead.
How to vote
If you are eligible to vote in the Council election you will have received an email from Electoral Reform Services (ERS) with the subject line: The Institute and Faculty of Actuaries - Council Election 2019.
Revised Actuaries’ Code comes into force
20 May 2019
The revised Actuaries’ Code came into force on 18 May.
The Actuaries’ Code is the ethical Code of Conduct that applies to all Members of the IFoA and Members should familiarise themselves with the changes.
The Code is designed to support Members in adhering to high standards of professional and personal conduct, while protecting the public interest and assuring trust in the profession.
Changes to the Actuaries’ Code
Africa’s growth story: It’s time for us to learn
17 May 2019
John Taylor, President Elect of the IFoA, speaks about our goal of working in partnership across Africa.
Health and Care Board - seeking Deputy Chair and members for Lifelong Learning Sub-committee
13 May 2019
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Other actuary news
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Conservative leadership battle to delay pension and social care policies
Added: Thu, 06/06/2019 - 12:00Much-anticipated pension and social care policies are likely to be delayed further thanks to the UK Conservative Party's leadership contest, Aegon has warned. -
June people and society news
Added: Thu, 06/06/2019 - 09:00An update for June on what our society has been up to... -
Asset managers facing 'existential threat' due to short-term planning
Added: Wed, 05/06/2019 - 18:00Many asset managers are wrongly focused on one-year planning and are failing to achieve sustainable long-term value, leaving them at serious risk of 10-year existential threats. -
Financial services stand to gain most from worldwide low-carbon transition
Added: Tue, 04/06/2019 - 16:20The financial sector is set to gain most from creating new sustainable products and services in response to climate change, a groundbreaking international study has revealed. -
Pension industry told to grasp responsible investment opportunity
Added: Fri, 31/05/2019 - 16:00The majority of private investors are now interested in environmental, social and governance (ESG) factors, and many think these are more important than returns. -
Insurers complete almost double their required CPD training
Added: Thu, 30/05/2019 - 11:00UK insurance professionals completed almost double the minimum amount of Continued Professional Development (CPD) training required by regulators last year. -
Dutch insurance giant announces new coal restrictions
Added: Thu, 30/05/2019 - 10:45Insurance and asset management company Nationale Nederlanden (NN) has today announced that it will stop underwriting firms that derive more than 30% of their revenue from coal extraction. -
Number of over-70s in work doubles in 10 years
Added: Wed, 29/05/2019 - 18:00A record number of people aged over 70 are choosing work instead of retirement in the UK, analysis of data from the Office for National Statistics has uncovered. -
Car theft insurance payouts hit seven-year high
Added: Tue, 28/05/2019 - 15:00Insurance companies settled more motor theft claims in the first three months of this year than in any quarter since 2012, data from the Association of British Insurers (ABI) has revealed. -
GDPR results in €56m worth of fines
Added: Fri, 24/05/2019 - 12:16General Data Protection Regulation (GDPR) has resulted in €56m (£49m) worth of fines since it came into force last May, insurance broker Marsh has revealed.