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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- To promote the value which actuaries can add as NEDs, particularly in the financial services context.
- To deliver a range of advice and resources to support our IFoA Non-Executive Directors in their roles.
- 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).
- To inspire the next generation of Actuary NEDs by providing information and insight on this essential role.
- 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.
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We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
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.