- Climate Risk Reporting - undertaking research on climate risk-related practices in reporting by a range of UK insurance companies and pensions funds
- Design of the Risk Function - to look at how we define a risk function and how does risk function define its role
- Dynamic Two-Way Operation of a Capital Allocation Framework - providing practical guidance on how capital is allocated to support strategic and day-to-day management of insurance companies
- Environmental Risk Reporting - building on the work of the ‘Risk Reporting’ Working Party and the ‘incentives facing UK firms to adopt early risk reporting provisions of the Revised Corporate Code
- Emerging Risks - considering emerging risks in the core actuarial fields of insurance, pensions and investments
- Extension Implementation Risk Reporting - examining implications for the profession arising from the FRC consultations
- IFR - developing a method of analysing the financial performance of an insurance company in terms of the risks identified by the risk management function
- Model Risk - this is not as well defined and established as other more traditional risks, so the identification, understanding and communication of model risk is crucial
- Proxy Modelling - assessing the impact of methodology and design choices against a number of relevant criteria, including accuracy, speed, complexity, ease of implementation and cost
- FRC and Risk Reporting - focus was on research into Long Term Viability Statement and Risk Culture
- Reasons for insurance company failures - considered the lessons learnt from the failure of insurance companies, and how effective the FSA reverse stress testing requirements were in mitigating future failours
- Risk appetite and risk limits - how to ensure top down appetite is consistent with bottom up limits
- Risk Classification - risk terminology varies from organisation to organisation and actuaries working in different organisations may use different terms to refer to the same risk, or use the same nomenclature for completely different risks
- Risk Culture - explores how to represent and assess risk culture and the feasibility of changing risk taking cultures at the level of a solo insurer
- Risk Measures - looking at the policy issues arising from the trend to short term investment behaviour by pension funds and life companies, lower equity holdings reflecting reduced willingness to take on risk, and procyclical investing that exacerbates market cycles
- Risk Reporting - looked to develop proposals for enhancing our understanding of risk reporting based on the key elements, reporting to regulators, reporting to outside stakeholders, reporting for managing the business.
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Wicked Problems, Clumsy Solutions and Leading Change
Dr Catherine Donnelly will present the basics of the structures for pooling longevity risks and summarise recent research results in this area in addition to outlinging future research around this topic. This is work under a research programme funded by the IFoA's Actuarial Research Centre, called 'Minimizing longevity and investment risk while optimising future pension plans'.
Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators
Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.
Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.
This event is now temporarily closed on Monday 26 April, but the session will be repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place.
Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.
Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis. However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year. This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work
This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern
This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.
Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.
We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.
Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.