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The IFoA digital team have created a new closed LinkedIn discussion group for Health and Care Practice members to discuss issues of interest to them, and it can be accessed using the link below.
The group can be used to facilitate discussions on a wide range of topics.
The Resource and Environment Practice Area LinkedIn group has now been launched.
Join the group to keep abreast of latest resource and environment news and activities. Debate and discuss resource and environment related issues, particularly climate change and sustainability.
The General Insurance Practice Area LinkedIn group has now been launched.
Join the group to keep up-to-date with latest news and activities from the General Insurance Community and debate and discuss with your peers on all matters related to general insurance.
In this blog, Bradley Ashton, Actuarial Consultant at Barnett Waddingham, talks about studying after university and coping mechanisms for actuarial exams.
We would like to hear from qualified IFoA Members willing to take part in a pilot project for an IFoA buddy system.
Following member feedback, we are undertaking a pilot project to test demand for an IFoA “Buddy System”. Our proposed buddy system would offer Members an opportunity to get in touch with qualified IFoA Members to talk to them about career choices, professional, or other issues.
The Institute and Faculty of Actuaries E-Cigarettes working party was established in 2016 with the objective of investigating the impact of e-cigarettes on the life insurance industry. The group is a multi-disciplined team of insurance professionals including actuaries, underwriters and claims personnel who have a broad range of experience across a number of sectors.
The Life Board is seeking to appoint a Deputy Chair.
This volunteer will be a Fellow or Associate of the IFoA who is keen to build on the excellent foundations already created. They should also have a desire to help shape and drive forward the Life practice area for the future.
The IFoA is currently recruiting up to four experienced, proactive and innovative members to volunteer on the Health and Care Board.
These volunteers will ideally already have a good industry profile and an excellent network of contacts. They will be people who are keen to build on the excellent foundations already created and have a passion to help shape and drive forward the Health and Care practice area for the future.
The closing date for volunteers is 19 June 2018.
The IFoA Life Board recently launched three new IFRS 17 Working Parties. They are focussed on the following:
- IFRS 17: Contractual Service Margin (CSM)
- IFRS 17: Future of Discounting
- IFRS 17: Transversal
We are currently recruiting for members to volunteer to join the Working Parties. The closing date is 20 June 2018.
The Running Off Mature Schemes Working Party has now published its paper. It covers the many issues faced by mature defined benefit pension schemes and how they might tackle them. It also sets out a framework for managing their run-off as they move through the various stages of maturity. Many 1000's of UK schemes are either already mature or will be in the near term - how they are run off will impact the security of their members' benefits and the funding of those schemes by sponsor employers.
Other actuary news
Added: Tue, 29/05/2018 - 18:30Most of the UK's largest pension funds are taking action to address the financial implications of climate change, although some still do not consider it a strategic risk.
Added: Tue, 29/05/2018 - 12:41UK adults are woefully under-protected should serious illness strike, with Brits more likely to have insurance coverage for their mobile phones than their health.
Added: Fri, 25/05/2018 - 10:30EU General Data Protection Regulation (GDPR) comes into force today, and less than one-third of UK businesses feel they are ready to comply with the new rules.
Added: Thu, 24/05/2018 - 15:02There will be an explosion in the number of autonomous vehicles (AVs) sold across the world over the next decade, with Google's subsidiary company Waymo set to dominate the market.
Added: Thu, 24/05/2018 - 10:30French insurance firm AXA has been ranked the number one company in the industry for managing the financial risks associated with dangerous climate change.
Added: Wed, 23/05/2018 - 12:04There were a record 66 InsurTech investment deals recorded in the first quarter of this year, with seven transactions worth more than $30m (£22m) taking place.
Added: Tue, 22/05/2018 - 18:13Approximately 10% of British adults currently speak to a financial advisor about their finances a 25% increase on the number that sought guidance in 2016.
Added: Tue, 22/05/2018 - 16:00Chief financial officers (CFOs) in the UK are facing higher levels of economic uncertainty than those in any other country in Europe, a new survey has found.
Added: Mon, 21/05/2018 - 15:48The National Employment Savings Trust (NEST) has backed a shareholder resolution calling on oil and gas company Shell to set greenhouse gas intensity targets aligned with the Paris Agreement.
Added: Mon, 21/05/2018 - 14:08Upgrading technology is the number one priority for insurance companies around the world, followed by underwriting discipline, regulation and cyber security.