Consumer Risk Metrics was a cross practice Working Party shared by Risk and Life, and it's aim is to develop a simple and easy to understand risk metric that will allow consumers to understand risk in a consistent way. It closed in February 2019.

By way of analogy, the Representative Annual Percentage Rate (APR) introduced a great deal of consistency in the way in which interest rates and returns have to be quoted. This working party will consider the various factors involved in developing a metric and review the work of other working parties.

Consumer Risk Metrics is a cross practice Working Party shared by Risk and Life.

Outputs:

Chair: Jane Hitchcox
Membership: 8
Established: 2015

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Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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