Latest IFoA news
Click to filter your search
Life Conference 2018: 21-23 November, Liverpool
The Life Conference 2018 is the premier event for Life Insurance actuaries in the UK. The programme this year includes nearly 80 sessions with a focus on developing and enhancing technical knowledge and sharing innovations.
The conference also provides the opportunity to network and exchange ideas with a wide range of professionals.
Are you prepared to meet the serious challenge of cyber threats? Visesh Gosrani blogs on a key issue facing global business.
“It won’t happen to us!”
“How many insurers have you seen affected by cyber risk events?”
“We don’t have the budget to spend.”
Building on previous success
The CERA Global Association (CGA), which grants actuarial organisations the right to award the CERA enterprise risk management credential, is delighted to announce the appointment of Nick Dumbreck as the new Chair of the Board.
The pensions dashboard has been talked about across the industry for a long time. With the proposed implementation of date of 2019 (albeit it has been questioned by some whether this is achievable or not), it is time to consider the actuarial aspects behind providing individuals with details of their pension benefits.
This October, I chaired the above workshop where a wide range of topics were presented to stimulate thought and debate as senior life actuaries focus on the usual year-end activities. Whilst a backdrop of mortality and economic uncertainty is the norm, this year there are more challenges than usual with: a buck in the trend for mortality improvements; the potential impact of Brexit; and the challenges arising from climate change. So the agenda for the day needed to cover a wide range of topics and subsequent attendee feedback has confirmed this approach was much appreciated.
On 17 September , I chaired a Sessional meeting for the Health and Care practice area. This is the fourth year we have run the “Hot topics in Health and Care” event covering three varied topics, where the author writes a short paper made available before the event and presents their findings in the evening.
The 2017 and 2018 hurricane seasons have again focussed the attention of the catastrophe risk management and insurance community on the topic of hurricane clustering in the North Atlantic. Have the most recent hurricane seasons caused us to update our view of clustering as a meteorological occurrence, and if so, in what ways? This takes place on the 29th November.
Dick Rae, Chair of the IFoA’s Finance and Investment Board considers the history of long-term investment ahead of the Autumn Lecture, delivered by Lord Myners next week.
Students at the IFoA may submit an appeal against an exam result decision if they think it is incorrect. If you are thinking about appealing please be aware of what grounds you can or can’t base this on.
The Pensions in a Global Context Working Party has used the World Bank pension policy framework to evaluate a range of pension system designs in seven countries around the world (Brazil, Canada, China, Germany, India, Nigeria and Sweden). The World Bank’s Five Pillar framework sets out primary evaluation criteria, which are adequacy, affordability, equity, predictability, sustainability and robustness.
Other actuary news
Added: Mon, 03/12/2018 - 09:30The 100-year life: fear or favour? This was the question Marjorie Ngwenya, the IFoA's immediate past president, posed to the audience at TANC's event on 18 October 2018.
Added: Mon, 03/12/2018 - 09:30In the summer of 2016, while deep in the Amazon jungle, two intrepid actuaries, Welshman Ceri Price and Londoner Natalie Podd, drifted under the rainforest canopy in their canoe.
Added: Sun, 02/12/2018 - 09:30December's deaths and marriages.
Added: Fri, 30/11/2018 - 14:30Insurers are increasingly worried that their investments will not achieve desired returns amid rising equity market volatility and risk, a global survey has found.
Added: Wed, 28/11/2018 - 11:00The pension industry is split on how to deal with guaranteed minimum pensions (GMP) equalisation following a landmark ruling that could add billions to UK schemes' liabilities.
Added: Tue, 27/11/2018 - 12:30Half of financial institutions with less than $250bn (£196bn) in assets are failing to use operational risk management (ORM) to inform their business strategies, a survey by KPMG has found.
Added: Mon, 26/11/2018 - 14:20Cyber attacks and data loss have overtaken regulation as the number one threat facing senior managers across the world, a survey of 161 business leaders has revealed.
Added: Fri, 23/11/2018 - 14:30More than half of the UK's leading life insurance companies expect to increase their spending on actuarial consultants over the next year, a survey has found.
Added: Thu, 22/11/2018 - 12:45UK companies are left with few options when their insurer refuses to payout on a claim, with policyholders only winning around one in three disputes over the last five years.
Added: Wed, 21/11/2018 - 15:48Insurance technology start-ups have already attracted more investments in 2018 than they did over the whole of last year, setting a new record for deal volume in the process.