The objectives of The Good Actuarial Report Working Party are to:
- explore current practices and shortcomings in writing actuarial reserving reports
- explore how ‘story telling’ might provide pointers to writing a better actuarial report and to transferring knowledge, experience, and wisdom
- consider the relevance and application of TASs in actuarial reports
- investigate current practices in writing actuarial reserving reports and the perceived value that these deliver
- develop a drafting guide and recommendations to support actuaries in writing a good actuarial report
- develop criteria and a framework for evaluating the utility/usefulness of actuarial reports.
Outputs:
- Blog 2022: How Good are your Actuarial Reports?
- 2021: Simple Covid Statistics are Not Always Simple
- 2021: Actuarial Futurism Hidden in Plain Sight
- GIRO 2018: workshop D: A Holistic Process for Producing Good Actuarial Reports
- GIRO 2016 workshop B8: The Good Actuarial (Function) Report
- GIRO 2015
- GIRO 2014: Interim Report
- GIRO 2013: The Grizzled Actuary
| Chair: | Chris Smerald |
|---|---|
| Membership: | 11 |
| Established: | 2013 |
Related documents
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Guidance for Member-Led Research Working Parties
9 November 2017
Contact Details
If you want more information about this research working party please contact the Communities Team.
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Events calendar
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CILA 2022
23 May 2022 - 24 May 2022We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.
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Opportunity to participate in a virtual Roundtable Discussion hosted by the IFoA in conjunction with the City of London Corporation’s Socio-economic Diversity Taskforce
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Annual General Meeting 2022
15 June 2022In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.
The Business of the AGM
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IFoA Presidential Address 2022
16 June 2022Join newly inaugurated IFoA President, Matt Saker, for his Presidential Address.
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The IFoA Conference 2022
133 Houndsditch, London EC3A 7BX and Online22 June 2022 - 23 June 2022
We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.
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This webinar will cover:
• Some background on the risks of misselling in an ESG context, including the DWS case
• Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities
• This tension can be resolved with a concept called Universal Ownership
• Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities
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This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on the expected future changes. Through examining the transformation, we will highlight how the sector is and can use actuarial expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.
