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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Pensions: Actuarial Factors used to Calculate Benefits in UK Pension Schemes
Webinar28 January 2021The IFoA’s Actuarial Review Team has published its first thematic review, which looked at the actuarial advice given by scheme actuaries to UK pension scheme trustees on setting transfer values and commutation rates.
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India Town Hall
Webinar28 January 2021
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann. -
Winter Thought Leadership Lecture with Vicky Pryce
Webinar3 February 2021What are the options for the world economy looking ahead?
In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.
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Professional Skills Training Webinar - 9 February 2021
Webinar9 February 2021
Trust and Leadership for ActuariesLed by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:
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Health and Care Hot Topics webinar
Online webinar10 February 2021In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.
Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.
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As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.
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Sub-Saharan Africa Town Hall
26 February 2021IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann. -
MENAP Town Hall
2 March 2021IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann.