- To assist the Life Board and Life Research Committee to identify and promote new research on this current hot topic
- Preparation for any future consultation responses in relation to ERMs
- A review of the consequences for the IFoA from the variation in valuations placed on ERMs, often through actuarial assumptions on common economic factors
- To present at IFoA Conferences such as Life Conferences and regional societies (see presentation at the Life Conference 2017)
- To produce a final report on actuarial practice in respect of (3) and a separate research paper on approaches to valuation of the no negative equity guarantee and how current actuarial practice could evolve.
The ERM WP is currently inviting participants to submit model outputs for the purpose of analysing the long-term property risk associated with equity release mortgage assets. The ERM WP would welcome responses from both industry and academia in the UK and also international modelling perspectives. Deadline to submit responses is 30 November. Please see further details.
- The Actuary March 2017
- The Actuary December 2017
- Life Conference presentation 2017
- Life Conference presentation 2018
- Sessional meeting presentation 2018 - and interim sessional paper
- Life Conference presentation 2019
- A Discussion Note on Economic Valuation of ERMs for EVT
- Sessional paper to follow
|Chair:||Craig Turnbull from November 2019, Thomas Kenny from 2016 to November 2019.|
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