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Disbanded research working parties

Listed below are the life working parties which have now completed their research and are disbanded. Please use the links provided to find out more about the area of research each working party undertook and to view their final output
  • A Retrospective on Solvency II - looking at Solvency II's objectives and analysing the outcome of the final regulation against those goals
  • Aggregation and Simulation techniques - looks at aggregation and simulation techniques in capital models, and in particular how the methods used are tested, communicated and justified to stakeholders, including regulators
  • ALM Dynamic Hedging Strategies - contrasts the different approaches to ALM dynamic hedging strategies, understand the reasons for the differences and see what lessons can be learned to improve the current environment and make recommendations for ALM best practice
  • ALM Non Traditional Assets - identifies the opportunities available to insurers and the risks and impediments to their adoption
  • Communicating Defined Ambition - builds on previous research to develop an IFoA proposal for the Department for Work and Pensions to shape pensions policy - This is a Cross Practice Working Party, shared with Pensions
  • Consumer Risk Metrics - this was a Cross Practice Research Working Party shared with Risk that developed simple and easy ways to understand risk metrics to allow consumers to understand risk in a consistent way
  • Life Solvency and Capital Management: Expert Judgement - writing a further paper on Expert Judgement (EJ) with full survey results, insights and suggestions for best practice/standards/templates
  • Linked Matching Considerations - looks at the potential implications and issues for the management of unitised business
  • Longevity, Morbidity and Fairness - looks at the impact of different morbidity and longevity experiences of socio-economic groups
  • Liquidity Premium - provides a summary of how life insurance actuaries currently use the liquidity premium for pricing, valuation and risk management
  • Management and Run-Off of With Profits Funds - considers what funds will be like in five years' time
  • Management of Matching Adjustments - considering the management of Matching Adjustments as a measure approved by PRA under Solvency II but whose subsequent management is not laid down in all areas
  • Optimal Approach to Pensions Income - undertaking research that explores some of the issues and that helps to inform public policy
  • Policyholder Behaviour in Extreme Conditions - This group disbanded in August 2019.  They researched an understanding of how policyholder behaviour could impact an insurer and the drivers of such behaviour, in order to enable the company to better manage the unexpected when extreme conditions occur
  • Procyclicality: Counter Cyclical Capital Buffers - aiming to establish a position whereby the profession is able to contribute to a wider debate on the viability of Counter Cyclical Capital Buffers and the optimum structure of such buffers if they were to be introduced, and to support practitioners
  • Recovery and Resolution Plans - to co-ordinate the development of a framework for actuaries, in both the life and non-life sectors, working to develop Recovery and Resolution Plans (now a Member Interest Group)
  • Risk and Customer Outcomes - looks at risk and customer outcomes and explores the management of risk from the customer's perspective
  • Risk Margin - This Research Working Party proposed both theoretically sound and practical solutions to the current Risk Margin limitations. It closed in December 2019.
  • Role of Actuaries in Life Offices - identifies what roles actuaries have in life offices, along with trends, threats to and opportunities for actuaries
  • Stress and Scenario Testing – looks at the role of stress testing in a risk based ‘Value at Risk’ style world
  • Takaful Life Insurance - ensures that the working party adds to the overall body of knowledge of takaful and advance actuarial science in this area
  • Value of with-profits for consumers - This working party investigated whether consumers understand the value of their with-profits policies
  • Tomorrow's Consumer Needs - to consider how customer needs are evolving and the potential impacts on the consumer environment
  • Transitional Measures for TPs - examining the management of Transitional Measures for TPs, a measure, one approved by PRA under Solvency II but whose subsequent management is not laid down in all areas
  • Trends in Young Age Mortality - created to review the comparisons of the causes of death by broad classification since 1993
  • Unit Linked Fund Structures - undertake research to improve the understanding of recent developments and emerging trends in structuring unit-linked funds

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Contact Details

For more information about Life working parties contact the CommunitiesTeam.

professional.communities@actuaries.org.uk

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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Spaces available

    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.

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    In this webinar, we will discuss how cause-of-death data from the Office for National Statistics can help us to understand how inequalities arise at the all-cause level. The key to understanding mortality inequality is to think about the chain that connects risk factors, relative risks, and cause-of-death mortality through to all-cause mortality.

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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.

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    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.

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    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.