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During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. The latest update covers week 46 of 2020 (7 November to 13 November) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 24 November 2020.
The key points of this update are:
There has been increasing interest from regulators and investors over recent years in how financial institutions are managing their climate risks. The Australian Prudential Regulation Authority (“APRA”) has made it clear that companies cannot ignore risks just because they are long term, because the time horizon is uncertain, or because there is uncertainty about future government policy.
The IFoA's Finance and Investment Board supports and promotes the interests of members in the finance and investment industries, in accordance with the IFoA’s strategic objectives. To provide evidence to guide this support, the Board has asked the F&I Global Subcommittee to gather information on the international members of the IFoA who work or have an interest in this area. The short survey available on the following link has been designed as a first step in this process. Obviously, the more people who respond to this survey the better, and the more comments that are provided then the
New Risk Management subgroups have been launched on Linkedin, for the Risk Management community.
In order to facilitate engagement and activities across the Risk Management community we have created the following sub-groups on Linkedin. Please join these groups to get your voice heard, to share your ideas, to help other members with topical issues and generally improve the world of Risk Management.
The Coronavirus pandemic, and the measures to contain it, had far reaching consequences on economic activities, which also led to a sharp fall in CO2 emissions. This has sparked new debate about how the recovery from the crisis could be made compatible with the Paris climate goals.
The IFoA Thematic Review Programme (TRP) is based on collaboration between the IFoA, our members, and the organisations for which they work. The TRP involves review of how work is being carried out in practice by actuaries, including review of the work itself, which will allow the IFoA to share useful learning and good practice with members and their employers. The IFoA hopes that the benefits to organisations will include enhanced information about the quality of the actuarial work upon which they rely to make significant decisions.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. The latest update covers week 45 of 2020 (31 October to 6 November) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 17 November 2020.
The key points of this update are:
Pension schemes are vulnerable to a variety of Cyber Risks including ransomware attacks; data breaches; theft of assets and disruption to service. This paper describes these risks in detail including the types of loss schemes that their sponsors may be exposed to. It outlines who is responsible for managing Cyber Risk. Finally, it sets out how Trustees and schemes can manage their risk including cyber hygiene, third party assessment, cyber insurance and incident management.
At its meetings on 29 November 2019 and 4 June 2020, the Institute and Faculty of Actuaries’ Council agreed to a proposal to amend Regulation 16 of the IFoA’s constitution, which concerns the admission criteria for Affiliate members of the IFoA.
Council agreed that there is merit in ensuring the Affiliate membership category is open and flexible enough to be available to anyone with an interest in actuarial work but who is not an IFoA student or qualified member. The proposed amendment to Regulation 16 provides this flexibility.