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Towards the Optimal Reserving Process

This Working Party explores the governance and design of existing processes within reserving, ensuring that principles-based guidance (small ‘g’) is given

The objectives of Towards the Optimal Reserving Process Working Party are to:

  • investigate common practice within the reserving process and disseminate such information as required, ensuring practitioners are aware of such practices
  • describe common issues relating to the reserving process and provide ideas around how to address these within the 'typical' reserving process
  • consider emerging trends in reserving process requirements and identify potential ways to address these
  • assist in making new reserving methods accessible to the wider Profession by providing practical steps to integrate them within existing reserving processes

Outputs:

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

Chair: William Diffey
Membership: 16
Established: 2012

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Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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Events calendar

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    23 May 2022 - 24 May 2022

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    We 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.

  • Annual General Meeting 2022

    15 June 2022

    Spaces available

    In 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.

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  • The IFoA Conference 2022

    133 Houndsditch, London EC3A 7BX and Online
    22 June 2022 - 23 June 2022
    Spaces available

    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.

     

  • Is your ESG offering a misselling risk? This innovative concept can resolve that risk

    20 July 2022

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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

  • Healthcare transformation in KSA: Opportunities for Actuaries

    11 August 2022

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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.