Risk Management is one of the most dynamic and fast-growing areas of actuarial science. Risk Management focuses upon considering the risks of the enterprise as a whole, rather than considering individual risks in isolation.
The goal of the Risk Management Practice Area is for the profession to use a risk management approach to 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 rewarding jobs.
We’re open to all IFoA members, from those looking to get started in risk management to those looking to take the next step in their career with our recognised CERA qualification.
A message from the Chair of the Risk Management Practice Board
I’m delighted to welcome you to Risk Management; a fast-evolving area of the profession with a wide range of applications. From our bespoke qualification to our growing Risk community, there’s a huge range of benefits for all.
Get involved today!
Chair, Risk Managment Practice Area
Benefits of joining the practice area
There are many reasons to join the Risk Management practice area. From those who are simply curious about what Risk Management could offer them, to those who are looking for help with a specific enterprise risk problem to those who are embarking on a career in Risk management, there's a range of benefits for every member.
Practice area members get the following key benefits:
- Dynamic email updates bringing you the latest Risk Management news
- LinkedIn group and dedicated web updates
- The Chartered Enterprise Risk Actuary qualification, lifelong learning and continuous professional development opportunities
- Events, webinars, videos and research
- Face-to-face meetings and buddy scheme opportunities
Find out more about the Risk Management Practice Area
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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.