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About Life

Life insurance is one of the traditional and largest areas of practice for actuaries

Actuaries work within Life insurance in various roles including:

  • designing and pricing contracts
  • monitoring the funds required to provide the benefits promised
  • recommending bonuses to be added to with-profit policies
  • providing expert advice on investment
  • getting involved in the planning and marketing of products
  • advising on strategic risk measurement.

Life is the largest of the Institute and Faculty of Actuaries' (IFoA's) seven practice areas

The Life practice area is integral to the IFoA in all of its key areas of influence: research, continuing professional development (CPD), public affairs and regulation.

The Life Board actively influences the environment in which Life actuaries practice

The Life Board, a member-led Board of senior volunteer actuaries, advises the IFoA on important Life issues. The Life Board sets key objectives annually and has oversight of three subcommittees:

The Life Board and its subcommittees shape the IFoA’s education, standards, CPD, events and research

The Life Board and its subcommittees are committed to ensuring that their members are educated and practice in an environment of the highest standard. The 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 (BAJ)
  • pushing forward timely CPD opportunities and events, ensuring all Life members have access to CPD of the highest standard
  • helping to shape IFoA responses on consultations
  • raising issues of strategic interest to the profession.

Related documents

Contact Details

For more information about Life working parties contact the CommunitiesTeam.

professional.communities@actuaries.org.uk

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E.g., 24/10/2021
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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Spaces available

    This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.

    The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.

  • Life 2021 Webinar Series

    Online
    22 November 2021 - 26 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.