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When it comes to mortality predictions, nobody likes surprises
23 October 2018
Tim Gordon, Chair of the CMI Mortality Projections Committee explains why providing more regular mortality analysis will help in the understanding of future longevity projections.
IFRS17 workshop
22 October 2018
The IFoA IFRS 17 for General Insurers Working Party are hosting an interactive workshop that will work through the practical aspects of IFRS 17.
The workshop will split into groups to work through one of three case studies: personal lines, commercial lines, and inwards reinsurance. Each group will also look at the challenges of application topic by topic, e.g. contract boundaries, coverage units, PAA eligibility, among others.
Update from the IFoA Risk Margin Working Party
19 October 2018
The Risk Margin working party has two main objectives:
- What can be done to fix known issues with the risk margin, either within Solvency II or using potential post-Brexit flexibility?
- What should be the purpose of the risk margin, and how can that purpose best be fulfilled?
We are researching the issues, and are preparing a sessional paper, which we hope to present early in 2020.
Feedback from the Protection, Health and Care Conference 2018
19 October 2018
Brighton played host to the 2018 PHC Conference, held in May, attracting 150 delegates and presenters. The attendees enjoyed two days of insightful and challenging presentations mixed with the opportunity to network with other actuaries working in the protection industries. This included a number of actuaries working outside the UK.
Support the IFoA Life Board: current volunteer opportunities
19 October 2018
The IFoA is currently seeking experienced volunteers for vacancies in the Life practice area:
What do we really know about money?
19 October 2018
We’ve all had a good education and learned about everything from finger painting to Fibonacci numbers. But how many of us were educated about money; the importance of budgeting and saving for a rainy day; how bank accounts and debt works; and whether it makes sense to save for a pension or not?
IFoA publish Cyber operational risk scenarios for insurance companies
18 October 2018
IFoA publish Cyber operational risk scenarios for insurance companies
The research paper, published by the IFoA’s Cyber Risk Investigation working party was launched at the Sessional Research Event: Cyber Operational Risk Scenarios for Insurance Companies.
Where should you specialise as an actuary?
17 October 2018
In this blog, Chloe Hung, Amazon best-selling author, talks about the range of specialities you can go into as you train as an actuary.
Traditional actuarial work is largely divided into three main areas: life insurance, general insurance and pensions. All three areas offer great career opportunities but there are pros and cons to each area.
Spotlight on UK social care
12 October 2018
Henry Thompson, IFoA Policy Manager explains why the UK political party conferences are such a great opportunity to highlight the expertise of the actuarial profession and promote the public interest
Risk Management and Business Ethics
11 October 2018
Ethical issues are rising in prominence and risk managers need to keep pace with a highly dynamic environment. Ethical questions span a wide spectrum – sustainable investing, customer outcomes and, increasingly, wider business practices, conduct and culture. Best practice corporate governance guidelines are now requiring risk managers to challenge decisions that involve ethical dilemmas.