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Proposed new CPD scheme: consultation now open
23 January 2020
We are consulting on a proposed new continuing professional development (CPD) scheme, which is intended to make IFoA requirements easier to fulfil and to reinforce the role and focus of CPD around meaningful ongoing professional development and learning.
The proposals have been produced in response to member feedback on the existing CPD scheme.
The simplified requirements apply to all members, regardless of membership category (with an exemption for non-practising members and students).
Southampton Data Science Academy to deliver IFoA Certificate in Data Science
23 January 2020
The IFoA is delighted to announce that they will be working with the Southampton Data Science Academy (SDSA) to deliver our certificate in data science.
This new standalone credential, launches in the first quarter of this year, and will offer our members a practical introduction to the concepts, tools and techniques of data science within an actuarial context.
Autonomous Vehicles and their impact on the wider insurance market
21 January 2020
The IFoA and the Autonomous Vehicles working Party hosted a sessional on the subject of “Autonomous Vehicles and their impact on the wider insurance market”. The sessional was well attended with a format which induced active participation by the audience and the panel.
GIRO 2020 in Liverpool
21 January 2020
The GI Lifelong Learning Committee is delighted to announce the IFoA’s GIRO 2020 conference will take place on 19-21 October at ACC Liverpool.
With a mixture of workshops and plenary sessions, GIRO 2020 is a great opportunity to keep up to date with emerging research, discuss key issues in the insurance market and build your network with other professionals in the industry.
Practical Data Science for Actuarial tasks- A practical example of data science considerations
21 January 2020
Actuaries are increasingly looking to explore data science techniques as a way to deliver new insights, utilise new datasets and develop complex models efficiently. However challenges remain to integrate these new techniques into the standard actuarial toolkit. A key challenge for actuaries is to understand the steps involved in a typical data science project, including how to create a robust framework for developing and reviewing advanced statistical models.
Feedback from Health and Care Hot Topics – November 2019
20 January 2020
On 4 November 2019 I chaired a Sessional meeting for the Health and Care practice area. Hot Topics in Health and Care is an established annual event covering two or three varied topics. Authors write a short paper which is made available before the event and they present their findings to attendees from the actuarial profession and more widely.
ESMA: short-termism in securities markets
17 January 2020
The European Securities and Markets Authority (ESMA) released their report on short-termism in securities markets in December. The report makes recommendations in disclosures of ESG factors and institutional investor engagement, in response to a request made by the European Commission to investigate sources of undue short-termism on corporations.
Bank of England publishes details of climate stress test
17 January 2020
The Bank of England recently published a discussion paper which sets out its proposed framework for the 2021 Biennial Exploratory Scenario (BES) exercise. The objective of the exercise is to test the resilience of the largest banks and insurers to the physical and transition risks associated with different possible climate scenarios, and the financial system’s exposure more broadly to climate-related risk.
FCA updates pensions regulations to include ESG and climate change
17 January 2020
The FCA has published a policy statement confirming its decision to extend the remit of independent governance committees (IGCs) following a consultation period. The proposals are aimed at helping protect consumers from investments that may be unsuitable because of environmental, social and governance (ESG) risks including climate change and to make sure consumer concerns are taken into account.
Climate change, sustainability and finance: how do I keep up?
17 January 2020
Join the Sustainable Finance Community, run by the IFoA Resource and Environment Board. Every week, environment and sustainability interested actuaries provide a weekly update containing related news, reports and webinars. This newsletter is suitable for anyone with an interest in climate change and sustainability and how these issues interact with finance and business. The purpose of this community is to encourage members to read, share and discuss content. Sign up here.