The current cross practice research working parties are:
- Behavioural Finance - this Cross Practice Working Party investigates how various aspects of behavioural finance impacts on the work of actuaries
- Climate Change - focusing on a broad range of topics covering all practice areas likely to be effected by climate change
- Consumer Risk Metrics - developing simple and easy ways to understand risk metrics that will allow consumers to understand risk in a consistent way - this is a Cross Practice Working Party shared with Life and Risk
- Extreme Events - this Cross Practice Working Party is shared by Life and F&I - widens understanding of the various methodologies that could be used for developing benchmark figures, including the advantages and disadvantages of each
- FRC and Risk Reporting - current focus is on research into Long Term Viability Statement and Risk Culture
- Impact of Changes in Employment Trends and Product Development - this cross practice working party will address potential practice areas to develop to include pensions rebranded on long term savings and protection needs
- Infrastructure - This cross practice working party will undertake research to uncover information about the risks and rewards which investing institutions are likely to experience
- Managing Uncertainty with Professionalism - seeks to develop general and simple principles to support actuaries in managing and communicating uncertainty in all fields
- Modelling, Analytics and Insights from Data - established to investigate “Big Data” and primarily focused on the latest and emerging thinking associated with modern mathematical tools and techniques
- Operational Risk (OR) - a cross Practice Working Party that acts as the conduit for Operational Risk (OR) research across all practice areas
- Pensions and Long Term Care Steering Group - A cross practice Working Party investigating the challenges of meeting long term care costs, a significant funding challenge for individuals, and both, current and future governments
- Practical Guide to Climate Change for GI Practitioners - a cross practice working party created to examine the main implications of Climate Change for General Insurance actuaries and identify the best ways to manage those implications
- Practical Guide to Climate Change for Investment Actuaries - a cross practice working party created to examine the main implications of Climate Change for Investment actuaries and identify the best ways to manage those implications
- Practical Guide to Climate Change for Life Actuaries - a cross practice working party created to examine the main implications of Climate Change for Investment actuaries and identify the best ways to manage those implications
- Programming of Actuarial Work - exploring and supporting the adoption of best practice computer programming concepts and techniques in daily actuarial work
- Risk Considerations for Autonomous Vehicles - seeking to identify the key risks associated with AV and examning in detail how the insurance industry might be affected
- Infrastructure - undertaking research to uncover information about the risks and rewards which investing institutions are likely to experience with infrastructure investment
- Secondary Annuities Scoping Group - seeks to conduct research related to annuitants and their engagement in a future secondary annuities market in the UK
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If you have any questions about a practice area, its working parties, Member Interest Groups or Board and sub-committees, please contact the Communities Team:
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Cancer incidence and mortality vary by region and socioeconomic status. Modelling the structure development and trends of cancer risk is important for insurance purposes and can impact pricing and reserving in related health insurance fields such as critical illness insurance and care provision.
A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.
This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.
How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more.
This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.