About Risk Management

As experts in risk, actuaries are natural leaders in Risk Management.  The business world, along with the public sector, faces multiple challenges and greater uncertainty in the current hostile economic environment - it needs to manage its risks better to succeed and to serve all stakeholders well.

Actuaries can develop influential roles in wider risk management by building on core skills in our traditional areas, such as insurance. The profession can expand its horizon of activity to meet the needs of the wider business world as well as the demand of the profession’s growing global membership for stimulating and well rewarded jobs.

Governance 

The Risk Management Board - acts as a source of expertise within the Institute and Faculty of Actuaries (IFoA) on matters relating to the risk management practice area, and promotes, supports and champions the interests of practice area members in accordance with the IFoA’s strategic objectives by adopting and promoting the values of Community, Integrity and Progress among actuaries. 

The Risk Management Board is a member-led Board of senior volunteer actuaries, and is supported by three subcommittees:

• Committee for Lifelong Learning in Risk Management
• Actuarial Chief Risk Officer (CRO) Group
• Research and Thought Leadership Committee