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Coping in a Cashless Society
23 October 2019
In this blog, Sabrina Rochemont of the IFoA’s Cashless Society Working Party discusses why, as cash reduces, a digitally-based financial inclusion programme will be vital.
The IFoA Guide to Party Conference
18 October 2019
Throughout September and October members of the IFoA executive team have attended the Labour, Conservative, Liberal Democrat and Scottish National Party conferences - representing the actuarial profession in a whirlwind of networking events and panel discussions with businesses, think tanks, politicians and Government and opposition ministers.
Cyber Quarterly
17 October 2019
Cyber attacks remain active throughout the third quarter of 2019, with data breaches being the flavour of the quarter.
An outsider has gained unauthorised access to Captital One, a top 10 bank in the US, leading to a breach that potentially affects 100 million people in the US and another 6 million people in Canada. Similarly, approximately 4.9 million user accounts of DoorDash, the Palo Alto on-demand food delivery technology unicorn, were breached this quarter.
GI Outstanding Achievement Award Winner 2019
15 October 2019
Congratulations to Michael Tripp who won the GI Outstanding Achievement Award, an award given for their contribution to the Profession.Michael is currently a member of IFOA council, former Chair of GI Board, former Chair of MAID workstream and instrumental to establishment and successful execution of MAID, key sponsor of GI research reform/restructure, member of various working parties over period of time.
Queen's Speech 2019 – What’s in it, and what’s missing?
15 October 2019
In this blog, IFoA Public Affairs Manager, Mike Williams, assesses the Queen’s speech and its relevance to the IFoA’s policy priorities.
We value your opinion so please have your say! Help us increase member value for the Risk Community
15 October 2019
The Risk Management Board would be grateful if you could spare five minutes to complete this short survey. This will help the Board drive forward engagement which is one of their key areas of focus over the next two years and offer significant member value to the IFoA Risk community. Complete the survey
Prevention is better than the cure
14 October 2019
In this blog, the IFoA’s Immediate Past President Jules Constantinou considers the importance of a preventative approach to health and care.
Cross-practice Sessional Research Event: Practical guides to climate change for insurance practitioners
11 October 2019
Upcoming Sessional Event: 18 November 2019 at 5pm, Staple Inn Hall (Holborn, London)
Article: Fitting data with XGBoost
11 October 2019
Author: Alex Labram
In our previous article “Statistics vs ML”, we introduced you to the model fitting framework used by machine learning practitioners. We discussed the train / validate / test split, selection of an appropriate accuracy metric, tuning of hyperparameters against the validation dataset, and scoring of the final best-of-breed model against the test dataset.
‘One sometimes finds what one is not looking for.’
8 October 2019
In this blog, Matthew Edwards, Chair of the Antibiotic Resistance Working Party, discusses the discovery of things unlooked for.
Congratulations to Michael Tripp who won the GI Outstanding Achievement Award, an award given for their contribution to the Profession.
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Other actuary news
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Improving UK mortality rates recorded
Added: Wed, 30/10/2019 - 11:07England and Wales recorded substantially less deaths in the first three quarters of this year than they did over the same period in 2018, the Continuous Mortality Investigation (CMI) has revealed. -
UK government urged to pay pensions for mothers and carers
Added: Mon, 28/10/2019 - 17:10The UK government should pay public money into the pensions of women who take time out of work to care for family members, the Social Market Foundation (SMF) has said today. -
ESG interest surges among pension trustees
Added: Fri, 25/10/2019 - 17:28There has been a surge in pension fund trustees engaging with environmental, social and governance (ESG) issues in the UK, research from KPMG has uncovered. -
Huge rise in pension saving recorded among young people
Added: Fri, 25/10/2019 - 12:43Automatic enrolment has seen a huge rise in the number of young people saving into a workplace pension in the UK, analysis by the Pensions Regulator (TPR) has uncovered. -
InsurTech investment surpasses 2018 total
Added: Thu, 24/10/2019 - 15:31Insurance technology firms have already attracted more investment this year than they did throughout the whole of 2018, data from Willis Towers Watson (WTW) reveals. -
FRC publishes new stewardship code
Added: Thu, 24/10/2019 - 13:18Pension funds will be expected to consider environmental, social and governance (ESG) factors when making investments under a new stewardship code unveiled today by the Financial Reporting Council (FRC). -
Investors want clearer climate-related disclosures, FRC warns
Added: Wed, 23/10/2019 - 15:10Companies are falling short of investors' expectations for clearer disclosures on climate-related risks, the Financial Reporting Council (FRC) warned yesterday. -
Widespread concern over GMP equalisation costs uncovered
Added: Tue, 22/10/2019 - 12:24Many UK employers are concerned about the unexpected costs and complexity of guaranteed minimum pensions (GMP) equalisation, the Association of Consulting Actuaries (ACA) has uncovered. -
Successful AI adopters empower actuaries to be data scientists, Microsoft finds
Added: Mon, 21/10/2019 - 15:05Empowering actuaries to become data scientists is a key feature of insurance companies successfully harnessing artificial intelligence (AI) to foster change, Microsoft has found. -
Record-breaking £25bn of pension liabilities transferred to insurers
Added: Mon, 21/10/2019 - 14:45More than £25bn of pension scheme liabilities have been transferred to insurers through eight 'jumbo' transactions in the UK so far this year, analysis by Aon has found.