Latest IFoA news
Click to filter your search
New CPD Scheme finalised
18 June 2020
The new CPD Scheme for members of the IFoA has been published following a successful consultation. Over 220 of you joined in the consultation providing your thoughts and concerns, but ultimately showing your overwhelming support for the proposals.
Trust: government vs private companies
17 June 2020
A year after their 2019 paper "Understanding Central Bank Digital Currencies" (CBDC), the Cashless Society Working Party is revisiting the topic with a blog series. In this last blog, Orla Ward discusses the importance of trust in the monetary system.
CMI confirms 63,000 excess deaths to 5 June
16 June 2020
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing weekly UK mortality analysis through its mortality monitor. This week’s update shows the position as at week 23 of 2020 (30 May to 5 June) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 16 June 2020.
The key points of this update are:
Are Central Bank Digital Currencies (CBDC) the nemesis of fractional reserve banking?
15 June 2020
A year after their 2019 paper "Understanding Central Bank Digital Currencies" (CBDC), the Cashless Society Working Party is revisiting the topic with a blog series. This time, Sabrina Rochemont investigates the impact of a retail CBDC on the fractional reserve banking system.
2020 Council Election Results
15 June 2020
The results of the 2020 Council Elections were announced at the IFoA’s Annual General Meeting, which was held by live webinar today.
Seven members were elected to the vacant General constituency seats: Cherry Chan, Mahidhara Davangere, Mukami Njeru, Danny Quant, Kartina Tahir Thomson, Peter Tompkins, and Maribel Vasquez Flores. Three members were elected to the vacant Scottish constituency seats: Dermot Grenham, Sarah Neil, and Craig Ritchie.
Congratulations to all our new Council members, and many thanks to all who stood for election for their excellent candidacy.
No words
15 June 2020
The IFoA values equality and diversity in all that we do and condemns any kind of racism. Find out more about how we seek to do this on our diversity pages.
In this piece, Chika Aghadiuno, Chair of the IFoA’s Diversity Advisory Group reflects upon the Black Lives Matter movement which has shaken societies around the world and propelled issues around discrimination to the forefront of our global conversation.
Impactability modelling for Population Health Management
12 June 2020
Population Health Management aims to achieve the best mix of health outcomes across the diverse members of a population, given the mix of services available in the health and care system.
In 2019, the UK’s National Health Service (NHS) identified PHM as a key component of its Long Term Plan. The actuarial profession is well-placed to support the demographic, risk modelling and analytical capability required to successfully embed PHM, whilst being highly focused on the public interest and ethical issues that can arise from such techniques.
Are you a digitally aware actuary?
12 June 2020
Paul Harwood, Member of the Risk Management Board, shares his thoughts.
‘Risk Management in a Digital World’ is one of the most interesting and forward-looking of our working parties. It is concerned with risks that haven’t been created yet. Seeing into the future is hard for anyone, which is why their first output was a summary view of InsurTech development.
Management information: IFRS 17 CSM
12 June 2020
The IFRS 17 CSM Working Party (Life) has published an article that considers how IFRS 17, in particular the Contractual Service Margin (CSM), might influence existing approaches to management reporting for life companies. The article focuses on three areas: new business reporting, sensitivity analyses and measuring the return on equity.
Coronavirus statistics in the UK: How reliable is the data?
12 June 2020
In light of the recent letter from the ONS to the Health Secretary, Richard Kelsey gives his thoughts on the reliability of coronavirus datasets and how it affects actuaries’ work.
Pages
