- Identify the extent of the common challenges within reserving teams across the industry and summarise key issues and concerns
- Outline a framework for greater strategic thinking and how to provide commercial relevance and added value of the reserving teams
- Define the strategic and tactical roles of the reserving teams/function within an organisation
- Analyse barriers and explore different operating models, including extending a reserving actuary’s role into other areas of an organisation
- Discuss structures that allow greater flexibility and respond to new challenges
- Communicate the output to the wider GI profession to develop and advance current and future reserving teams.
The working party is also planning to:
- Outline strategies for developing teams and advance knowledge
- Identify training and knowledge sharing processes to advance change management, project delivery and project assurance
- Share ideas of improving management efficiency models and team retention
- Outline a way forward for the working party to enable future consultation for members and sustain an open dialogue with the wider profession
- 9 November 2017
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If you want more information about this research working party please contact the Communities Team.
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This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.
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Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
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The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.
Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.
We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.