Covid-19 a once-in-a-century event that will shape the profession for years to come. Some actuaries, particularly those involved in pandemic risk, are now at the forefront of understanding Covid-19. Many more are involved in supporting clients and employers deal with the varied implications.
The IFoA has a significant role to play in the current crisis and in order to ensure that it can do this speedily and effectively, a Covid-19 Action Taskforce (ICAT) was established and is responsible for leading and coordinating the IFoA’s response to the coronavirus crisis. This volunteer activity across the organisation is led by Louise Pryor (incoming President-Elect) along with Colin Dutkiewicz (Chair, Life Board) and Jo Davis (Head of Communities).
There is also a small team of volunteers working with this ICAT Management Team; Julie Pallister, (lead), Kirstin Cam, Holly Steward and Randy Wright who undertake miscellaneous tasks to aid with the coordination, oversight and running of the ICAT workstreams. To date this has included reviewing and presenting the results of the survey, supporting with workstream volunteer allocations, coordinating responses to reviews of papers and assisting with communications.
We have received interest from 557 volunteers and countless topics which have been amalgamated into 93 workstreams.
Below is what we know thus far and will be updated regularly as more information comes through.
To help the Practice Boards and workstreams in their work, we have produced a helpful Guidance Note. Please contact Dawn McIntosh for further information.
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Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
This session will examine the megatrends and themes driving the Future of Work across the Financial Services industry, and how Covid-19 has accelerated new future work priorities with a particular focus on hybrid work and leadership mindset and capabilities.
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.