The UK Asbestos Working Party investigates asbestos related claims based on UK market data, investigates trends and reacts accordingly.

The objectives of the UK Asbestos Working Party are to:

  • collect UK insurance market data on a yearly basis for UK asbestos related claims
  • collect data other relating to UK asbestos related diseases, such as from the CRU, etc.
  • compare trends in survey data against the AWP’s market estimates and react accordingly
  • maintain contact with key individuals and organisations such as the HSE, Prof. Peto, etc.
  • understand and respond legal and/or industry developments affecting asbestos related claims in the UK
  • if a new market estimate is required to develop and make available, a population/insurance claim projection models for UK asbestos related claims.

UK Asbestos Working Party Data Request

The UK Asbestos Working Party periodically carries out market surveys of insurance company UK asbestos-related claims in order that they can estimate the future cost of UK asbestos-related claims to the insurance industry.

We are currently calling for participants to complete the survey to year end 2018.The working party would like to cover as much of the UK Insurance Market as possible. The greater the coverage of this survey, the more relevant the working party’s findings are likely to be to the insurance industry as a whole.  If your organisation has exposure to UK asbestos-related claims and you would like to participate in the survey (on an anonymous basis) please download the survey template and submit the completed survey to Emma Thomas, GI Communities Executive, emma.thomas@actuaries.org.uk by Friday 17 May 2019.

Outputs

Papers

Models and spreadsheets

Presentations

Chair: Robert Brooks
Membership: 12
Established: 2010

Related documents

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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Start date
E.g., 26/10/2020
End date
E.g., 26/10/2020

Events calendar

  • GIRO 2020 Virtual Conference

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

     

    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

  • Spaces available

    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.

  • Spaces available

    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

  • Spaces available

    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.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    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. 

  • Spaces available

    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.