Evolving health provision models to meet changing needs is also a feature of the expansion of private sector work. Actuaries work with other health professionals to find appropriate solutions for private medical insurance, income protection, critical illness, and long-term care insurance.
Health and Care is a small but valuable field
Health and Care is truly a cross practice area, as it touches on life, pensions, risk management and resource and environment. Its outputs in the areas of research and continuing professional development (CPD) impact actuaries working in a variety of fields.
The Health and Care Board actively influences the environment in which actuaries practice
The Health and Care Board, a member-led Board run by senior volunteer actuaries, advises the Institute and Faculty of Actuaries (IFoA) on important health and care issues. The Health and Care Board sets key objectives annually and has oversight of two subcommittees:
The Health and Care Board and its subcommittees shape the IFoA’s education, standards, CPD, events and research
The Health and Care Board and its subcommittees are committed to ensuring that their members are educated and practice in an environment of the highest standard. Notably, they Board and its sub-committees are responsible for:
- developing topics for member-led research working parties and helping push through research outputs, such as sessional research papers, presentations or articles in the British Actuarial Journal
- pushing forward timely CPD opportunities and events, ensuring all members have access to CPD of the highest standard
- helping to shape IFoA responses on consultations
- raising issues of strategic interest to the profession.
Hot Topics in Health and Care - 2017
The third annual Hot Topics in Health and Care event was held on 6 July in Staple Inn. The event was extremely successful, and highlighted the international aspect of the health and care practice area with four excellent international speakers:
- The Impacts of Climate Change on Health (Louise Pryor, Callund Consulting)
- The Impact of Climate Change on Health and Mortality (Rabia Naqvi, University College Dublin)
- Physical Activity Tracking in Private Insurance (Lisa Altmann-Richer, Bupa)
- What if Artificial Organs were Sufficient to Replace the need for Donors (Nay Wynn, Hannover Re)
Hot Topics in Health and Care - 2016
The second annual Hot Topics in Health and Care event was held on 22 June in Staple Inn.
- Climate Change and Mortality (Steven Baxter, UK)
- Cancer Diagnostics 2.0 and Implications for Insurers (Karin Neelsen, Germany)
- Wearable technology: From a Health and Care actuary’s Perspective (Matan Abraham, South Africa) - Powerpoint and PDF
- Health Benefits Associated with an Employer-sponsored Health Promotion Program with Device-reported Activity (Ian Duncan, USA)
Hot Topics in Health and Care - 2015
- Product Innovation: Home Equity Release Loans for Long Term Care Needs and Home Equity Release Loans for Long Term Care Needs
- The Effects of Sugar on Health and Presentation slides: The Effect of Sugar on Health
- Data Analysis of the Group Life Market in the Gulf Region and Data Analysis of the Group Life Market in the Gulf Region Presentation
- Evolving Embodiment of Risk: The case of Alzheimer’s Disease
- 11 August 2017
- 6 June 2016
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For more information about Health and Care working parties contact the Communities Team.