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Resource and Environment Consultations and Reports
4 February 2019
The following consultations and reports have recently been launched:
A Cashless Society in 2018: a year of tension
4 February 2019
The 2017 interim report from the Cashless Society Working Party, and its later addendum, focused on the “Cashless Society- Benefits and Issues”, and reported on global developments for the topic during the year. The 2018 version of the “Cashless World in Motion” is now available.
The paper first identifies the driving trends for the year, pointing to structural disruption of the payments ecosystem from conflicting forces. It then reports on regional developments for the topic, with emphasis on India, Kenya, the UK and Australia.
New GI Subcommittees for Lifelong Learning and Research
4 February 2019
Last year we announced that the GI Practice Area was undergoing a restructure and two new subcommittees were forming to replace the General Insurance Organising Committee (GIRO) and GI Education and Continuing Professional Development (GI ECPD) Committee.
InsurTech – are you confident?
25 January 2019
InsurTech has gone from the new kid on the IT block to becoming well enough established to attract the attention of risk teams. But how do we assess the delivery and BAU risks?
Each InsurTech project can be very different and aimed at a wide variety of end users. You may not have a previous example of a similar project to use as a guide in assessing the risks. Or you may need to employ a wider range of risk disciplines than you have done historically.
Sessional Meeting: Investment risk for long term investors - risk measurement approaches
25 January 2019
Monday 18 March 2019 17:00 - 19:00 Staple Inn Hall, London The term ‘investment risk’ is often used loosely, and frequently confused with the notion of short term price volatility, particularly for equity instruments. For the long term investor, however, what is most apposite is the ability to meet future real cash flows as they become due.
Celebrating and supporting IFoA volunteer impact
25 January 2019
Our volunteers - nearly 4000 individuals - give in so many ways.
We all share in the benefits of the time given by IFoA volunteers who use their skills and experience to support, run, regulate and enhance our membership body, and use their intellectual expertise to advance our research and thought leadership.
Volunteering for the IFoA means different things to different individuals. Some volunteer quietly while others have a more public facing role: both are impactful.
How To Secure An Actuarial Internship
24 January 2019
In this blog, Bethan Goddard, a Trainee Consultant at Barnett Waddingham, takes us through her experience of securing an actuarial internship, with some helpful tips along the way.
Wider Fields - A view from a Member: Russell Gill
18 January 2019
Russell works at Nationwide Building Society leading the Market Risk, Pension Risk and the Treasury Product Control teams.
“I have found that actuarial skills and experiences are very transferable, but they are not an end in themselves. Seek out new challenges within your current company and be helpful to others.”
Health and Care Board - seeking volunteers for sub-committees
18 January 2019
The IFoA is currently seeking experienced volunteers for vacancies in the Health and Care practice area:
Life Board - seeking volunteers for sub-committees
18 January 2019
The IFoA is currently seeking experienced volunteers for vacancies in the Life practice area:
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Other actuary news
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Insurance sector making steady gender diversity improvements
Added: Mon, 04/03/2019 - 13:30Gender diversity has improved at nearly all levels of the UK's insurance industry, new research has found, although the number of women in senior roles remains low. -
Global FinTech investment doubles
Added: Fri, 01/03/2019 - 16:48Financial technology investment more than doubled across the world last year, with the UK and US both enjoying record levels of fundraising. -
Financial sector records five-fold increase in cyber attacks
Added: Fri, 01/03/2019 - 15:30Cyber attacks on the UK's financial services sector increased by a massive 480% last year, with insurance companies and investment banks among the most targeted. -
Financial sector pulls funding for coal projects once every two weeks
Added: Thu, 28/02/2019 - 16:00Insurers, banks and other financial institutions across the world have announced 33 restrictions on funding for the coal sector since the start of 2018, new research has found. -
Mutual insurance sector growth outstrips industry total
Added: Wed, 27/02/2019 - 14:30The mutual and cooperative insurance market has been the fastest-growing part of the global industry since the financial crisis, new research has uncovered. -
UK drivers caught in £1.2bn insurance 'loyalty trap'
Added: Tue, 26/02/2019 - 13:56Millions of British drivers are automatically renewing their car insurance every year and overpaying by £1.2bn as a result, research by GoCompare has revealed. -
New standards published for professional pension trustees
Added: Tue, 26/02/2019 - 12:28All professional pension trustees in the UK will be expected to abide by a new set of standards to demonstrate that they have a higher level of expertise than other trustees. -
IFoA proposes new model for equity release mortgage calculations
Added: Mon, 25/02/2019 - 17:24The Institute and Faculty of Actuaries (IFoA) has proposed a new model that better reflects historic UK house prices for equity release mortgage calculations. -
Insurers publish new guide to help mitigate climate risks
Added: Fri, 22/02/2019 - 15:00A group of leading global insurers has today published a practical guide to help investors better understand how climate change could impact their portfolios. -
Self-driving cars cannot yet be considered 'autonomous', ABI warns
Added: Fri, 22/02/2019 - 10:56Car manufacturers must not be able to describe their vehicles as autonomous if drivers are expected to handle emergencies, the Association of British Insurers (ABI) has warned.