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During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing weekly mortality updates. This update shows the position as at 3 April 2020 (week 14 of 2020), based on provisional deaths data published by the Office for National Statistics (ONS) on 14 April 2020.
The key points of this update are:
Paul Harwood, member of the Risk Management Board shares his thoughts!
At the 2012 risk conference, Michael Thompson and Alice Underwood shared some work describing how different corporate cultures treat risk. There were four distinct approaches suggested: risk seeking, risk sharing, risk management and risk avoidance.
The research went on to model success in different economic conditions, aiming to show that a different risk approach produced the best results in different economic conditions (stable, volatile, trending upwards, trending downwards).
In this blog, policy and public affairs assistant Katy Little discusses the results of the Labour leadership contest and how new leader, Sir Keir Starmer, now has the monumental task of repositioning the party with both party members and the electorate following four consecutive general election losses. Find out more about what policy and personality changes we can expect to see and how these relate to the IFoA’s Key Policy Priorities.
Neil Buckley, Chair of Regulation Board, blogs on some of the issues raised by the IFoA proposals for a new CPD Scheme.
How are the proposals better than the current arrangements?
Alan was a larger-than-life character who was admired and respected by people in and outside the actuarial profession.
We fully appreciate that the global coronavirus crisis means that members are managing huge disruption in their personal and professional lives.
We wanted to provide some reassurance about the approach the IFoA is taking to ensure members are able to meet their professional requirements:
The impact of the COVID-19 outbreak can be seen in almost every aspect of our working and personal lives. The IFoA is looking at how the profession can meaningfully contribute to the fight against COVID-19, and has set up a hub of information from IFoA members and other organisations, as well as a place for actuaries to discuss the impacts of the pandemic in more detail.
IFoA Working Party to focus on how Covid-19 will impact the work of actuaries
Author: Alex Labram
Machine learning can often feel like a black box. What’s inside, and can you trust it? This article briefly covers six key groups of algorithms, discussing their key variants, strengths and weaknesses, and giving you the context – and confidence – to apply these algorithms in the field.
Next in the series of articles on Data Science. Find all articles and further information on the Data Science MIG page.
The Data Science MIG is seeking more members to write articles, get involved in events, Kaggle competitions and education. Or, if you would just like to learn more please register your interest through the Data Science MIG webpage.
There are five workstreams you can choose from: Collaboration, Education and Lifelong Learning, Membership, Regulation and Ethics and Research.