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This guide was produced by a joint working party set up by the Institute and Faculty of Actuaries (IFoA) and Institute of Environmental Management & Assessment (IEMA) to support all users of climate-related financial disclosures (TCFD). It draws on the insights of both financial and sustainability risk practitioners to help users understand requirements from the TCFD, assess specific disclosures and engage with other professions and teams.
The IFoA’s Cyber Risk Investigation Working Party has been shortlisted in the category of “Campaign of the year” by Insurance Insider Honours, the global (re)insurance awards ceremony that recognises market talent. The ceremony takes place on Thursday 17 September 2020; the nomination is based on the work which the working party did on ‘silent’ cyber exposure assessment from a full IFoA sessional paper to blogs and articles.
Publication of paper by IFoA Matching Adjustment working party paper: “Challenges for insurers running Matching Adjustment portfolios”
CMI notes deaths below 2019 levels for the sixth successive week
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. This week’s update shows the position as at week 30 of 2020 (18 to 24 July) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 4 August 2020.
Neil Buckley, Chair of the IFoA’s Regulation Board reflects on the Board’s work over the period 1 March 2019 – 29 February 2020. More detail is available in the Board’s recently published Annual Report.
Pradip Tapadar, Senior Lecturer in Actuarial Science at the University of Kent and Guy Thomas, Honorary lecturer in Actuarial Science at the University of Kent discuss adverse selection in insurance under COVID-19.
The Institute and Faculty of Actuaries (IFoA) is delighted to announce that IFoA Fellow Brinley (Bryn) Davies is to become a peer in the UK House of Lords. He is the first qualified actuary to enter either House of Parliament for more than fifty years. The announcement was made by Her Majesty the Queen on Friday 31 July 2020 following approval by the Prime Minister.
In this blog, IFoA members Ian Collier, James Cripps, Fiona Fan and Adele Groyer write about their latest report as part of the IFoA’s Covid-19 Action Taskforce
August 2020 marks ten years since the merger of the Institute of Actuaries of Great Britain and Ireland, and the Faculty of Actuaries in Scotland – and the formation of the Institute and Faculty of Actuaries (IFoA).
The Office for National Statistics (ONS) has published “Comparisons for all-cause mortality between European countries and regions: January to June 2020”. For the first time, we have a true like-for-like comparison of how various European countries and regions have fared during the pandemic. In particular, the relative cumulative age-standardised mortality rate (rcASMR) measure, originally developed by the Continuous Mortality Investigation (CMI), shows the impact that the pandemic had on mor