- Advanced Pricing Working Party - exploring new techniques and ideas of pricing in general insurance, including mathematical and statistical techniques, actuarial software and implementation techniques
- Actuarial Function - provided more detail of the work which will need to be undertaken by the Actuarial Function to fulfil the requirements of Article 48 of the Solvency II Directive
- Actuaries and Income Inequality - looked at income inequality caused by (or potentially resolved by) financial services and actuarial responsibility
- Data Visualisation - examined the benefits that visualisations provide in the communication of technical work
- Directors and Officers Insurance - understanding the pricing and reserving risks around this class of business
- Diversity Analytics - asking the question 'What will the insurance industry workforce look like in 10-20 years? How will it develop and will it be fit for purpose?'
- Fairness in Insurance Pricing - reviewed and summarised various issues (past and present) surrounding the discrimination debate
- Getting Better Judgement - developed a set of best practice guidelines for probability elicitation in general insurance
- International Pricing Research - exploring what makes for a good reinsurance underwriting submission
- Investigating the Herd Mentality Amongst Actuaries - explored the reasons why Actuaries follow the herd
- Liaison with Cat Model Developers - Explored issues of mutual interest between the Institute and Faculty of Actuaries (IFoA) and Catastrophe Model Developers
- Managing Uncertainty with Professionalism - seeks to develop general and simple principles to support actuaries in managing and communicating uncertainty in all fields
- Marine and Energy Pricing - informed and educated the actuarial profession on marine and energy pricing
- Measuring Uncertainty Qualitatively (MUQ) - specifically explores how reserving uncertainty should be developed
- Modelling, Analytics and Insights from Data - a cross practice Working Party established to investigate “Big Data” and primarily focused on the latest and emerging thinking associated with modern mathematical tools and techniques
- Peril Based Reserving - developing a universal framework for capturing the emergence and development of insurance claims
- Practical Use of the Clark Cape Cod Method for Stochastic Reserving Working Party - testing the Clark Cape Cod method in a variety of situations and types of business and compare to other commonly-used methods
- Practising Ruin - introduced practitioners to modern ruin theoretic concepts as part of the toolkit for risk-return assessments
- Pragmatic Stochastic Reserving - researching the stochastic reserving methods available to general insurance reserving actuaries
- Reserving Functions Survey - reviewed current reserving practice in the UK
- Risk Elephants in the Room - Identified, considered and communicated large risk issues that currently don't seem to be part of the existing risk conversation
- Solvency II IMAP - investigated the internal model approval process for Solvency II and the specific challenge this presents for GI actuaries
- Spreadsheet Models: Governance Risk and Control - looked at the issues surrounding end user computing (EUC) tools, especially spreadsheets
- Third Party Consultation and Communication - this working party works in tandem with the Third Party Working Party (Data) and the PPO Working Party.
- UK Deafness Claims - facilitating market data collection and investigating claims experience relating to deafness/noise induced hearing loss in the UK
- Uncertainty of 99.5th Percentile - seeking to refine the estimates of uncertainty and consider the practical implications of this work.
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Research working parties active in the General Insurance field
All IFoA research projects
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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.