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Life Board – update March 2022
11 April 2022
Mudi Ugono provides an update on the IFoA Life Board activities.
Matching Adjustment
Health and Care Board update – March 2022
31 March 2022
Vicky Gardner provides an update on the Health and Care Board activities.
Risk Management Board update – March 2022
31 March 2022
15 March 2022
Simon Cartagena provides an update from the latest board meeting
The Risk Management Board is responsible for developing and delivering the value of IFoA membership, for actuaries who work in risk management practice or who want to know about this field. The Board recently met on 15 March.
Digital Community Platform
IFoA Statement of Solidarity with Ukraine
25 March 2022
Over the last few weeks the Institute and Faculty of Actuaries has been shocked and saddened by the events occurring in Ukraine. We wish to extend our sympathy and solidarity to the Ukrainian people caught up in this tragic conflict.
We are obviously deeply concerned about the safety and security of our Ukrainian members at this time. We are in contact with them and offering them whatever support and assistance we are able to provide.
IFoA confirms Kalpana Shah as next President-elect
23 March 2022
The Institute and Faculty of Actuaries is delighted to announce that Kalpana Shah has been confirmed as the next President-Elect.
Kalpana will assume this role in June 2022, as Matt Saker becomes President. Kalpana will serve as IFoA President from June 2023.
Mortality low despite over 10,000 COVID deaths in 2022, says CMI
8 March 2022
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. Today’s update covers week 8 of 2022 (19 to 25 February), based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 8 March 2022.
The key points of this update are:
Practising Certificates: IFoA publishes remaining draft Competency Frameworks
24 February 2022
As part of the recently published new PC Scheme, the IFoA has now published the remaining draft Competency Frameworks:
“Enhancing Reinsurance” – full paper now available
22 February 2022
Reinsurance is a common and powerful tool that insurers can use for risk and capital management, access to technology and services, and alternative asset strategies. And more.
As a Working Party, we believe that reinsurance is not always optimised to support an insurer’s objectives, and may even destroy value through poor design and implementation.
FRC consults on proposed changes to Actuarial Standard Technical Memorandum 1
14 February 2022
The FRC has published a consultation on proposed changes to the Actuarial Standard Technical Memorandum 1 (AS TM1). This follows the DWP pensions dashboards consultation, which proposes that AS TM1 assumptions will be used to calculate Estimated Retirement Incomes on pensions dashboards from October 2023.
Emerging Risk Landscape - Space Weather Risk
27 January 2022
As Covid-19 has shown, the risks we are facing are changing. The pandemic has led to unprecedented levels of uncertainty and shock across the world. Emerging risks such as space-weather has the potential for causing impacts beyond everyday experience. These risks do not respect borders, and they are likely to have an international impact and will require an international response.