- 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.
You might also like
Research working parties active in the Risk Management Insurance field
All IFoA research projects
For more information about Risk Management working parties contact the CommunitiesTeam.
Filter or search events
Cancer incidence and mortality vary by region and socioeconomic status. Modelling the structure development and trends of cancer risk is important for insurance purposes and can impact pricing and reserving in related health insurance fields such as critical illness insurance and care provision.
A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.
This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.
How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more.
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.
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.
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.