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InsurTech has gone from the new kid on the IT block to becoming well enough established to attract the attention of risk teams. But how do we assess the delivery and BAU risks?
Each InsurTech project can be very different and aimed at a wide variety of end users. You may not have a previous example of a similar project to use as a guide in assessing the risks. Or you may need to employ a wider range of risk disciplines than you have done historically.
Monday 18 March 2019 17:00 - 19:00 Staple Inn Hall, London The term ‘investment risk’ is often used loosely, and frequently confused with the notion of short term price volatility, particularly for equity instruments. For the long term investor, however, what is most apposite is the ability to meet future real cash flows as they become due.
Our volunteers - nearly 4000 individuals - give in so many ways.
We all share in the benefits of the time given by IFoA volunteers who use their skills and experience to support, run, regulate and enhance our membership body, and use their intellectual expertise to advance our research and thought leadership.
Volunteering for the IFoA means different things to different individuals. Some volunteer quietly while others have a more public facing role: both are impactful.
In this blog, Bethan Goddard, a Trainee Consultant at Barnett Waddingham, takes us through her experience of securing an actuarial internship, with some helpful tips along the way.
Russell works at Nationwide Building Society leading the Market Risk, Pension Risk and the Treasury Product Control teams.
“I have found that actuarial skills and experiences are very transferable, but they are not an end in themselves. Seek out new challenges within your current company and be helpful to others.”
The IFoA is currently seeking experienced volunteers for vacancies in the Health and Care practice area:
The IFoA is currently seeking experienced volunteers for vacancies in the Life practice area:
The Life Conference Organising Sub-committee is seeking up to six new members to join their gorup. The Sub-committee is responsible for the technical contact and programming of the annual Life Conference, attracting between 1,000 and 1,200 delegates.
The Institute and Faculty of Actuaries’ (IFoA’s) Engagement and Learning Directorate are seeking to hear from applicants who would like to be considered for senior positions in Health and Care.
As a first for the IFoA, the 2019 Protection, Health and Care Conference will be joining forces with the Mortality and Longevity Symposium. These two high quality conferences will run back-to-back at the same venue, with:
Online materials from November’s CPD Co-ordinators’ briefing are now available for all IFoA members to access on our website.
Key presentations from the event suitable for claiming CPD include:
- Lifelong Learning: changing direction
- Inputs v Outcomes based CPD
- Diversity and Inclusion panel discussion
- Climate-related Risk Alert - for all actuaries
Each online video includes accompanying resources and allows you to directly claim CPD.
Other actuary news
Added: Fri, 01/02/2019 - 13:26More than half of pension professionals in the UK believe superfunds will become an increasingly common solution for defined benefit (DB) schemes, a survey has found.
Added: Wed, 30/01/2019 - 13:30The average UK pension fund experienced its biggest loss since the financial crash last year, with less than one in ten generating positive investment returns.
Added: Wed, 30/01/2019 - 13:00More than 80 investors with $6.4trn (£5trn) in assets under management have told six of the world's largest fast food companies to urgently tackle climate and water risks in their supply chains.
Added: Tue, 29/01/2019 - 12:40The average life insurance policyholder in the US is massively underinsured, new research has found, with firms potentially missing out on almost $70bn (£53bn) in annual premiums.
Added: Mon, 28/01/2019 - 14:32Firms could be forced to offer a range of investment options to customers that enter pension drawdown without taking advice, the Financial Conduct Authority (FCA) has announced today.
Added: Mon, 28/01/2019 - 13:24Cyber attacks could hit companies with $5.2trn (£4trn) in additional costs and lost revenue over the next five years, research by consultancy firm Accenture has found.
Added: Mon, 28/01/2019 - 13:00The UK and Switzerland reached an agreement to allow free trade between each other's insurance sectors post-Brexit at the World Economic Forum in Davos last Friday.
Added: Fri, 25/01/2019 - 12:24The International Accounting Standards Board (IASB) has agreed by a significant majority to discuss changing several key aspects of IFRS 17 insurance contracts.
Added: Wed, 23/01/2019 - 12:25The UK government's Insolvency Service has wound up 24 companies involved in pension scams since 2015, with 3,750 investors duped by fraudsters during that time.
Added: Tue, 22/01/2019 - 13:30Insurance firms have been told to offer cheaper premiums to companies that are preparing for the impacts of climate change amid a growing frequency in extreme weather events.