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:
- Life Research Sub-committee (LRC)
- Life Standards and Consultations Sub-committee (LSCC)
- Lifelong Learning Sub-committee (Life) (LLL)
- Life Asia Sub-committee
- Life Conference Sub-committee
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
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Governance Manual of the Institute and Faculty of Actuaries
23 June 2020 -
Solvency II - Life Insurance
26 May 2016
Contact Details
For more information about Life working parties contact the CommunitiesTeam.
Filter or search events
Events calendar
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The Growth Mindset for Actuaries
13 October 2021 - 8 December 2021This 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.
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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. -
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.
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GIRO 2021 Webinar Series
Online8 November 2021 - 19 November 2021
Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector. -
Proposals for changes to the regulatory framework on climate change and sustainability
11 November 2021This 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.
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Life 2021 Webinar Series
Online22 November 2021 - 26 November 2021
Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector. -
What next for Mental Health in Insurance?
1 December 2021
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.
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.
Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.
Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.
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.