The Institute and Faculty of Actuaries (IFoA) is a Royal Chartered professional body representing the actuarial community in the UK and beyond. Advancing actuarial science through research is one of the IFoA’s core objectives. It is a feature that distinguishes the IFoA from simply being a professional or membership body. Traditionally, the majority of IFoA research has been carried out by working parties of volunteers largely from within the profession. Recently, it has become clear that there are some major challenges that would benefit from the efforts of full time research teams.
To this end the IFoA has re-constituted a Research and Thought Leadership Committee (RTLC) with responsibility of coordinating research across the organisation. After consultation with industry experts and academics, a KEY QUESTIONS document has been produced to summarise some of the major research challenges of interest to the actuarial community.
The objective of this Call is to develop a series of complementary programmes of projects that address as many of the KEY QUESTIONS as possible. The IFoA intends to work collaboratively with cognate organisations and some of the programmes may be co-funded by them.
Timeline of 2015/6 Call for Research Project Proposals:
- Opening Date: 14 August 2015
- Closing date: 5 October 2015 (Midnight BST)
- Projects Awarded: Early 2016
Risks in society raise many questions and issues over who bears them and how they are managed. Many of the specific issues that actuarial science needs to address today could be considered under the broad themes of understanding future risk and complex uncertainty, people ageing, financial health and the changing economic environment. The IFoA invites consortia to submit proposals for research projects that respond to a number of research questions under these themes that have been identified by the RTLC and outlined in the KEY QUESTIONS document.
Proposals would be welcomed from any effective research-led organisations within the university, not-for-profit, public or private sector. Organisations may be based in the UK or elsewhere in the world.
This document includes essential information for applicants, including how to apply.
Interested parties should refer to this document that outlines the key questions for actuarial science which the proposals should address (a copy is also appended to the Call for Research document above).
Enquiries may be directed to Sarah Mathieson, Head of Research and Knowledge