Meta-research - review of other models
Lead: David Shaffer, Natasha Naidoo, Mei Chan
Detail: Evaluation of COVID-19 pandemic models for suitability for use by actuaries for actuarial purposes.
- COVID-19: Using an Automated Chain Ladder technique to predict ultimate Daily Deaths in a live environment
- ICAT – PAN1: Pandemic Model Meta-research
Lead: Kate Dron
Detail: To cover the 50 countries represented by IFoA members volunteering for ICAT. 2 people per country. Wikipeadia format so other people can add material. UK split into additional sub-areas (with potential to link to the COVID-19 Actuaries Response Group).
- International Data Source Log - November 2020
- Global product innovation in the pandemic - part 1 (non-life) - December 2020
- National Narratives on COVID-19 - Introduction - January 2021
- National narratives - Brazil - January 2021
- National narratives - Ghana - January 2021
- National narratives - India - January 2021
- National narratives - Malawi - January 2021
- National narratives - New Zealand - January 2021
- National narratives - Poland - January 2021
- National narratives - Singapore - January 2021
- National narratives - United Arab Emirates - January 2021
- National Narratives on COVID-19 (Presentation from Actuarial Innovation in the Covid-19 era event series) - April 2021
- Updated National Narratives on COVID-19 as of 30 April 2021
Lead: George Maher
Detail: Consideration of national, regional or international funds to support pandemic responses.
Outputs: This workstream has closed
Impact on incomes and inequality
Lead: Arran Nolan
Detail: Examine the short and long range effects of the COVID-19 pandemic on incomes and inequality.
- Blog: Income and Inequalities - thoughts as we emerge from lockdown
- Blog: Unforeseen challenges: An insight into volunteering on an IFoA pandemic working group
- Paper: Small businesses weathering the COVID-19 storm
- Paper: Has the fairness or the prosperity of a country led to better health and economic outcomes from the COVID-19 pandemic?
This work product explores the hypothesis “It is the level of equality (fairness) in a country rather than its level of GDP per capita (prosperity) that has led to better health and economic outcomes from the COVID-19 pandemic.”. The hypothesis is explored by correlating income inequality and GDP per capita with health and economic outcomes. Authors: Andrew Robinson, John Branford, Inviolata Naliaka Wafula, Sukrita Singh.
Impact Investing, a 3-Part Series by Rahul Kapur
- Impact Investing – Can We Make Returns and Reduce Inequality? - January 2021
- Impact Investing by Pension Funds – Towards a better future - May 2021
- Impact Investing in Insurance - A Virtuous Cycle - November 2021
Use of technology in pandemic management
Lead: Danny Saksenberg; Edward Plowman
Detail: Evaluation of technology being used in pandemic crisis management, and consideration of future potential technology responses.
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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.
The purpose of this research paper is to explore enterprise risk management lessons which can be learnt from the Covid-19 pandemic in preparation for potential future pandemics as well as other “gray rhino” or “black swan” events. This paper is not intended to be an all-encompassing solution to the issues presented by Covid-19; rather, the content has been provided to help drive discussions regarding how risk management processes may need to evolve in line with the dynamic nature of the underlying risks that they sometimes need to capture.
This webinar will discuss good exam technique, including various approaches candidates can take in managing their time completing their exams in the online format.
This session is for new candidates and existing candidates where we will be discussing the practical steps you need to take leading up your exam and on the day. We will be discussing how to testing the online exam platform, downloading and uploading your paper and key information from the Exam Handbook.
The exam webinar is for candidates, new to IFoA exams and returning candidates, sitting in the September 2022 exam session.
The role of Non-Executive Directors has become increasingly challenging and critical over the past few years.
Big picture thinking, Governance knowledge, Independent mindset, Ambassador potential and Energy and commitment: these are the essential skills sought in a successful NED, according to the Chartered Governance Institute (UK & Ireland).
In parallel, Environmental, Social and Governance (ESG) criteria are increasingly key and used by investors to measure the sustainability and ethical impact of investing in an organisation.
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
In the UK, the idea of collective defined contribution (CDC) pension schemes is gaining more attention with the launch of the Royal Mail CDC scheme, the first of its kind in the UK. Our recent research on CDC plans investigates the sources of the putative benefits of CDC schemes: the smoothing of pensions for members. Using an attribution analysis to burrow into the scheme design, the reason for the smoothing of members' pensions is explained and understood.
The IFoA's Infrastructure Working Party, led by Chris Lewin, will present its new introductory guide to infrastructure investment, which will be published on the IFoA web-site prior to the webinar. Those readers whose institutions have already taken the plunge into infrastructure will know that it is a highly complex and diverse field of activity. This guide does not explore all the matters which investors take into account, but it does discuss many of the more important points, including the risks and past returns, benchmarking, and ESG and SDG considerations. Attendees will be invi
Social care reform has long been on the to-do list for successive governments over the last two decades. In February, the government’s proposed reforms to adult social care [including cap on care costs] was published. Against this backdrop of funding promise and rising National Insurance taxation, in this session we will debate the resilience of these new proposals, the impact of future demand for care services and what role for the insurance industry and the important role it has played in long-term care funding in other countries where public-private partnership works.
Health contributes to happiness at the personal, family, community and societal level. Health, importantly underpins all our economic security. This talk will explore the drivers of our health, the measurement of health and the steps we can take to improve health – most of which lie outside the NHS.
We are delighted to announce the return of GIRO as an in-person conference, giving you an opportunity to connect with actuaries in your practice area. Join leading experts to discuss key issues, emerging ideas, and new research across the General Insurance sector.
Life Conference returns as an in-person conference in 2022, giving you an opportunity to connect with your peers and fellow actuaries in your sector, in person. You will also hear leading experts discuss key issues, emerging ideas, and new research across the Life insurance sector.
Mortality and morbidity risk varies by variables such as age, sex and smoking. In traditional actuarial experience analysis, these variables, and certain combinations thereof can be explored. However, with the wealth of data now available it is becoming increasingly challenging to identify the key drivers of experience and account for the interaction between different variables. A univariate approach often compares apples and pears, for example males are more likely to smoke and have larger policies than females. Likewise, variable interactions are missed unless specifically included.