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World Benchmarking Alliance launch
26 September 2018
The World Benchmarking Alliance (WBA) aims to help business measure progress against the United Nations’ (UN)’s Sustainable Development Goals (SDGs), by developing free, publically available benchmarks which will rank companies on their contributions to achieving the SDGs.
Hothouse Earth – climate tipping points
26 September 2018
One of the key concerns with climate change, is the risk of non-linear irreversible climate tipping points, which could lead onto more significant climate change.
This paper explores at what temperature these tipping points may occur, concluding that a 2°C temperature rise may well break the upper safe limit.
Climate change – an inevitable policy response (IPR)?
26 September 2018
The Principles for Responsible Investment (PRI) have launched a paper which considers the various potential drivers of an Inevitable Policy Response (IPR).
This paper further considers when the IPR could occur, what policy and technology pathways it might take, and how these pathways would affect the macroeconomy and risk-returns of financial assets.
The PRI states that an IPR is possible at almost any time in the near to medium term.
Climate-related risk in Singapore
26 September 2018
Jesper Pan, Deputy Director of the Insurance Department at Monetary Authority of Singapore (MAS) spoke about Sustainable Insurance at a CPD event in Singapore.
He spoke about the impact of climate-related risk in Singapore and of natural catastrophes in South-East Asia. He also shared MAS’ action plan in relation to physical, transition and liability risk and the role of actuaries.
Four UK Companies Referred to the Financial Reporting Council by ClientEarth
26 September 2018
ClientEarth has referred four UK companies (EasyJet, Balfour Beatty, EnQuest and Bodycote) to the Financial Reporting Council (FRC) over failures to adequately address climate change trends and risks in their annual reports.
GI Working Party Update – Third Party Working Party
25 September 2018
The Third Party Working Party has extended its scope for 2018 to include analysis and insight into own damage claims.
New Exciting GI Volunteering Opportunities
25 September 2018
New exciting volunteering opportunities are now open for General Insurance (GI) actuaries. Three brand new IFoA GI subcommittees are looking for enthusiastic members to foster research, shape conferences and mould education relevant for the coming challenges. This Autumn they will replace the General Insurance Education and CPD (GI ECPD) and General Insurance (GIRO) committees.
Actuaries - venturing out
21 September 2018
In this blog, Chloe Hung, Amazon best-selling author, talks about the evolving industries which actuaries are now working in.
Historically, the actuarial profession was made up of a relatively small community of actuaries who worked mainly within the insurance field. Over the years though, more and more actuaries have been venturing into other fields such as data science, investments, banking, finance and so forth.
Opportunity to volunteer on the IFoA Health and Care Lifelong Learning Sub-committee
19 September 2018
The Health and Care Lifelong Learning Sub-committee is seeking to recruit up to two members. It would be ideal if one of these new members had a PMI background and/or works for a direct insurer.
The Sub-committee is principally responsible for the technical programming of the annula Protection, Health and Care Conference and for up to three other annual Health and Care events.
Health and Care Product Research Group seeking volunteers
19 September 2018
The Health and Care Research Sub-committee is seeking two additional members to support the care cap and means test work stream of the Product Research Group. These volunteers will be required for approximately six months to undertake modelling work. They should ideally be IFoA Fe