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The IFoA has today commenced a Member vote on proposed changes to our Bye-laws and Rules, which aim to simplify the arrangements concerning an elected member of Council's length of service on, and retirement from, Council. These changes, which have been approved by our Council, must now be approved by a simple majority of the IFoA's members in order to be formally adopted (subject to the outstanding approval of the Privy Council on the changes to our Bye-laws).
The IFoA’s Longevity Catalysts Membership Interest Group (MIG) is thrilled to be able to host a panel discussion looking at the exciting and very relevant area of vaccine development and the role it may have as a longevity catalyst.
The UK Asbestos Working Party periodically carries out market surveys of insurance company UK asbestos-related claims in order that they can estimate the future cost of UK asbestos-related claims to the insurance industry.
The election for the vacant General constituency seats on the IFoA Council opens on 20 May. Voting members in that constituency should look out for an email from Civica Election Services that afternoon, as that email will contain your unique link to cast your vote.
Be sure to cast your vote before voting closes at 12pm on 22 June.
Louise Pryor, IFoA President-elect, said: “All Fellows and Associates have a vote, but many of us fail to use it. This is a shame, because it’s the main opportunity we have to influence the IFoA’s direction.
We are very sorry to report the passing of Council member Mahidhara Davangere who has died from Covid-19.
Nigeria’s AIICO Insurance Plc become the latest recipient of the IFoA Quality Assurance Scheme (QAS), in recognition of their commitment to providing quality assurance at an organisational level, promoting confidence in the work of their actuaries; and demonstrating their commitment to high-quality actuarial work and to supporting employees carrying out that work.
The IFoA has responded to the Financial Reporting Council’s (FRC’s) Call for Feedback on the Technical Actuarial Standards (TASs). You can view the IFoA Regulation Board’s response here .
The FRC issued this call for feedback on the current framework of TASs as part of their post implementation review (more information on that work can be found here). The call for feedback closed on Friday 7 May 2021.
COVID-19 pandemic caused major disruption in the global economy and brought about “the new normal”. In this short article, Private Credit for Insurers Working Party investigates the impact of the pandemic on the CRE debt market and outlook for the future.
As part of the IFoA's Risk Board's member engagement initiatives, a series of short roundtable events are being set up to bring together risk professionals through engaging discussions on hot topics. The topic of the first session will be "Effectiveness of ERM Frameworks in response to Covid-19". This will be held on 16 June between 12-1pm (BST, UTC+1).
Graham Lee provides the latest update from the Health and Care board.