Helping members get in touch with members for independent peer support on career choices, professional advice and more
The introduction of this new “IFoA Buddy System” service aims to provide IFoA members with access to experienced, qualified IFoA members who are willing to share their thoughts, experiences and skills with other members around the globe.
“Some of the most rewarding moments of my career have come from being able to help someone else move forward in their own personal journey as an actuary. I am therefore very pleased that the IFoA is setting up a new buddy system and I would encourage you to take part in this, not only to help more junior members of the profession, but also to help in your own personal development.” Matthew Pearlman; IFoA Fellow
How it works
You will need to be a member of the profession to access a list of qualified members (the buddies) who are happy to hear from you. This list will initially contain the following information for each Buddy:
- Geographic Location
- Email Address
- Practice area (i.e. General Insurance, Finance and Investment, and/or Risk Management)
Please note: Initially we were trialling this in the general insurance, finance and investment, and risk areas only. However, following very positive feedback from the pilot, we are now expanding this to all practice areas.
The service is entirely free and is based on members volunteering to provide this support. You should be aware that the IFoA does not monitor this service. Any views expressed or advice, recommendations or guidance given by members via this service are not reviewed or endorsed by the IFoA.
The Buddy System is an excellent way to have an impartial, informed chat with an experienced actuary about any issues you may face as you make your way through your career. I look forward to hleping many actuaries and future actuaries as they move through this great profession of ours. Tim Jordan, IFoA Member
Want to become a “buddy”?
You will need to be a qualified member of the IFoA, and:
- You will provide an avenue for another member to contact you and to arrange to meet/talk on a 1-2-1 basis with you (discussions may include long-term development goals, short-term career issues, sharing insights from experience)
- By volunteering to get involved, you will be happy for your details to be shared with all members of the IFoA, via the members’ area of the website and you will respond to any requests that you receive
- You will allow us to ask for some feedback from time to time to see how this is working in practice and to allow us to support you. We will adapt this request to suit you as much as we can and it will be as non-onerous as possible
Location is not a barrier, indeed we are keen to hear from qualified members around the globe.
If you volunteer to become a buddy you can, of course, step down at any time. Please contact us as soon as possible if you find yourself in this situation, and we will remove your name from the list (even on a temporary basis) at the earliest opportunity.
Interested? Then please contact the IFoA Communities Manager.
This service is facilitated by the Institute and Faculty of Actuaries (IFoA). Other than facilitating this informal support and discussion amongst members, the IFoA plays no role in how the service operates, i.e. the IFoA does not oversee how, where and when members meet and does not monitor and/or endorse the advice, guidance or recommendations that may be given by any member, or the processes or procedures that any member suggests. Nor is the IFoA responsible for the availability of, or follow up by, members to members. The IFoA accept no liability (to the fullest extent permitted by law) for any loss, damage, or inconvenience arising as a result of a member’s use of this service. The IFoA reserves the right at its sole discretion to exclude members from using this service if the IFoA considers that a member’s use is not in keeping with the purpose for which the service is provided.
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The IFoA’s Risk Management and Finance and Investment Boards are delighted to host a series of webinars covering a range of topical and trending topics ranging from climate related risks to Brexit.
Notice is hereby given that the ANNUAL GENERAL MEETING of the INSTITUTE AND FACULTY OF ACTUARIES will be held at The Hub, Edinburgh on Wednesday 26 June 2019 at 16.30 (Preceded by tea from 16.00) and followed by a PRESIDENTIAL ADDRESS given by John Taylor.
The Institute for Financial and Actuarial Mathematics (IFAM) at the University of Liverpool is pleased to host the 2019 Actuarial Teachers’ and Researchers’ Conference from 27-28 June 2019. This annual two-day event has been running annually now for many years, each time hosted by a different university, and provides all those interested in actuarial research and education a great opportunity to share their ideas and catch up on the latest developments.
The Institute and Faculty of Actuaries (IFoA) and Actuarial Society of Malaysia (ASM) are organising a joint Professional Skills Training (PST) in Kuala Lumpur. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
Presented by Louise Pryor
Air pollution has gained increasing attention lately. Nicola Oliver, head of longevity and mortality research for Medical Intelligence, will discuss not only the impacts of air pollution on health and life expectancy but also how as an industry we should be addressing it.
The actuarial profession has much to offer the world of banking. In this webinar actuaries with experience in various fields of banking will talk about the opportunities there are in banking; describing the actuarial aspects of the work they do as well as other roles within their area of banking.
Towards the end of June, the International Accounting Standards Board (IASB) is expected to publish an Exposure Draft (ED) of limited changes to its insurance contracts standard IFRS 17, effective date 2022. To help IFoA members, the IFoA’s cross-practice Financial Reporting Group (FRG) is hosting an event at Staple Inn covering these developments.
For more information on the FRG please visit this webpage.
Presenter: Rahul Verma
Presenter Matt Modisett
This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:
- FCA business plan priorities
- The future of regulation
- FCA Engagement in Scotland
For life insurers in the UK, the risk margin is one of the most controversial aspects of the Solvency II regime. Following its implementation, the risk margin came under considerable criticism for being too large and too sensitive to interest rate movements. These criticisms are particularly valid for annuity business – such business is of great significance to the national system for retirement provision. This criticism has led to political interest, and the risk margin was a major element of the Treasury Committee inquiry into Solvency II.
GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year.
Presenter Jon Spain
The Life Conference is the premier event for professionals interested in life insurance. Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.
The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker. Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.