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The Pragmatic Stochastic Reserving Working Party has just released a new paper called "A Practitioner's Introduction to Stochastic Reserving: The One Year View". This paper builds on the working party's earlier paper on the ultimate view of reserve risk.
John Graham, Health & Care Board Member, provides an update.
The Health & Care Board met on 1 July for the final meeting of the current session, again curtesy of BlueJeans with members utilising studies, kitchens, living rooms and the odd bedroom to attend the meeting. For many of us this has become common place and may indeed be a fundamental component of the “new normal” that lays ahead.
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 26 of 2020 (20 to 26 June) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 7 July 2020.
Neil Cantle, Principal at Milliman, blogs on the value of risk registers and why we might need to reconsider how we use them in the future.
Steve Bale, Senior Actuary at Munich Re and a member of the CMI’s Mortality Projection Committee, blogs on the questions facing Life insurers as they consider the impact of COVID-19 on future claims on their insured lives. The views expressed in this blog are his own.
Stephen Redmond, Chair of the IFoA’s Disciplinary Board, reflects on the Board’s work over the period 1 January 2019 – 29 February 2020.
Chris Reynolds, Chair of IFoA’s Health and Care Board, discusses how the current interaction between Universal Credit and Income Protection Payments can be improved to build the resilience of the private rented sector to income shocks.
Matthew Cann has been volunteer Chair of the Risk Management Lifelong Learning Committee for the last two years and is a Fellow of the IFoA. Matt is based in Birmingham, UK, where he is Financial Risk Manager for The Phoenix Group.
Hetal Patel of the IFoA's Finance and Investment Practice Area Board considers the shock to the financial system delivered by the COVID-19 global crisis from the perspective of institutional investment funds.
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 25 of 2020 (13 to 19 June) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 30 June 2020.
The key points of this update are: