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Non-Executive Directors

Welcome to the Non-Executive Directors' Member Interest Group community

Our main objective is to promote actuaries as valuable NEDs. Our group (the NED MIG) encourages Actuary NEDs to succeed together by operating a platform where knowledge and creativity can be shared passionately. Our members can gain insight and together, overcome unique challenges affecting Boards and NEDs. 

Thank you to our sponsors; Clifford Chance, Oliver Wyman, PricewaterhouseCoopers and Ridgeway and Partners, for their ongoing support.

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Discuss all things related to the IFoA Finance and Investment practice community in our LinkedIn Group.
 

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Our objectives

  1. To promote the value which actuaries can add as NEDs, particularly in the financial services context. 
  2. To deliver a range of advice and resources to support our IFoA Non-Executive Directors in their roles. 
  3. Provide opportunities for networking between members, both in open forums and on-line.  Members are encouraged to share experience and engage in stimulating discussions on current issues and challenges facing NEDs (particularly in the regulated financial services context).
  4. To inspire the next generation of Actuary NEDs by providing information and insight on this essential role. 
  5. Acting as informal representative body for NEDs and working with Institute and Faculty of Actuaries and external stakeholders including regulators to help address issues affecting Actuary NEDs.

Management Committee of the NED MIG  

The MIG Managing Committee is set up to support the Chair develop and deliver the core objectives of the group.

More about our Committee 

 

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Keep informed of upcoming events by joining our mailing list.
 

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Resources

Contact Details

If you want more information about Member Interest Groups, or would like to start one, please contact the Professional Communities Team:

MemberInterestGroups@actuaries.org.uk

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Start date
E.g., 04/12/2021
End date
E.g., 04/12/2021

Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    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.

  • Spaces available

    Actuaries need to take action now - but how?  With a focus on climate change, this session will provide informed insight to enable you to improve your knowledge and understanding of the issues involved, demonstrate how it will impact advice to your clients, and highlight prospective opportunities for actuaries within pensions and wider fields.

  • Spaces available

    A joint webinar from the CMI Mortality Projections and SAPS committees that will cover: recent mortality experience in the SAPS dataset and the general population; the CMI Model benchmarking survey; the MPC 2021 interim update paper; plans for CMI_2021; and initial thoughts on possible "S4" Series pensioner mortality tables.

    The webinar will be presented by Cobus Daneel (Chair of Mortality Projections Committee) and Matthew Fletcher (Chair of SAPS Committee).

  • Spaces available

    Pension scams have become more prevalent as a result of the pandemic, and Trustees have increased responsibilities to protect members, which means that actuaries need to be in a position to provide advice in this area. Our specialist panel will include a professional trustee, an IFA and head administrator, two of whom are members of PASA.

  • Spaces available

    The Covid-19 pandemic creates a challenge for actuaries analysing experience data that includes mortality shocks.  To address this we present a methodology for modelling portfolio mortality data that offers local flexibility in the time dimension.  The approach permits the identification of seasonal variation, mortality shocks, and late-reported deaths.  The methodology also allows actuaries to measure portfolio-specific mortality improvements.  Results are given for a mature annuity portfolio in the UK

  • Spaces available

    In this webinar, the authors of the 2021 Brian Hey prize winning paper present a new deep learning model called the LocalGLMnet. While deep learning models lead to very competitive regression models, often outperforming classical statistical models such as generalized linear models, the disadvantage is that deep learning solutions are difficult to interpret and explain, and variable selection is not easily possible.

  • Spaces available

    The dominant underwriting approach is a mix between rule-based engines and traditional underwriting. Applications are first assessed by automated rule-based engines which typically are capable of processing only simple applications. The remaining applications are reviewed by underwriters or referred to the reinsurers. This research aims to construct predictive machine learning models for complicated applications that cannot be processed by rule-based engines.

  • Spaces available

    With the Pension Schemes Act 2021 requiring a long term strategy from Trustees and sponsors, choosing a pensions endgame strategy has become even more critical. However, it is important that the endgame options available are adequately assessed before choosing one. With an ever-increasing array of creative and innovative options available, this decision may not be straightforward.