Latest IFoA news
Click to filter your search
COVID-19 had an unprecedented impact on how the IFoA ran our examinations, so the feedback of our member's experience is vital in understanding how the IFoA can improve upon the delivery of these exams in the future.
Visesh Gosrani, Chair of the Institute and Faculty of Actuaries Cyber Risk Investigation Working Party, joins Advisory Board of Cyber Risk Modeling Company Kovrr
Vanessa Jaeger Chaired an enlightening Cyber Security webinar this month – ‘THE NEW NORMAL’: Tim Vincent CEO of Observer Solutions refereed hacker Drew Perry (Tiberium) versus CISO (Benedict Olaoya) in a boxing match simulation of what happens at the front line of cyber warfare everyday. Benedict set out his defensive stall to a high standard only to be confronted by an onslaught (Advanced Persistent Threat) that saw Drew using tools designed to help defenders scan for and fix vulnerabilities so that he could identify the weakest points for entry.
The IFoA Customer Journey Working Group recently completed 4 years' of voluntary work into whether customers understood their current disclosure for their Investment & Retirement products and how it might be improved. This culminated in two rounds of exclusive YouGov research where we asked the respondents a series of simple exam-style questions and the results are shared here for the first time.
With a focus on Asian regions, Mahidhara Davangere V, Deputy Chair of the IFoA’s Finance and Investment Board, highlights the sources of liquidity risk during the global coronavirus crisis.
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 28 of 2020 (4 to 10 July) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 21 July 2020. This update includes extra analyses about the age distribution and socio-economic profile of excess deaths.
The key points of these updates are:
The results are in from our campaign’s initial call for evidence.
In January 2020 the IFoA launched its Great Risk Transfer campaign. The campaign explores the different ways financial risks have been transferred in recent decades from institutions – such as employers, insurers and the state – to individuals. Since January we have been collecting evidence from actuaries and others about how this trend manifests in practice, and have received more than 50 submissions.
Thematic Review Programme – Involvement of actuaries in pricing for UK Home and Motor Insurance
Louise Pryor, IFoA President-elect and a Fellow of the Institute of Environmental Management and Assessment, blogs about ‘A user guide to climate-related financial disclosures’ developed collaboratively by actuaries and sustainability professionals.
It’s true what they say. What gets measured, gets managed.