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Research and thought leadership is particularly important to the Resource and Environment (R and E) practice area as it establishes the theoretical basis and practical tools for actuaries to allow for R and E topics in their work.
The R and E Board is seeking a new member to lead its research work and liaise with the R and E Research & CPD Subcommittee on research matters. This is an exciting opportunity for someone who is passionate about climate change, sustainability and research.
The Research Sub-committee of the Health and Care Board at the IFoA is looking to commission up to three new working parties in 2019 and we are keen to hear your thoughts on potential topics for research.
We will be meeting in April to discuss the research agenda for 2019/2020, and we would appreciate it very much of you could spare five minutes to share your opinions by completing our online survey on research opportunities by 15 April 2019.
When we think of blockbuster movies, many of us may think of superheroes, maverick cops or angry dinosaurs. But in fact there are plenty of examples of Hollywood being prepared to take on the risk of portraying an actuary.
So here are five times actuaries have been portrayed on the big screen, blogs Charlotte Forsyth.
Digital currencies have crept into the payment landscape. Time will tell whether they become a dominant payment method but will the Life and Pensions industry be ready for such a payment method and the risks that they present?
This addendum to the ‘A Cashless Society Benefits, Risks and Issues (Interim Paper)’ explores the how digital currencies have penetrated the Life and Pensions industries and the risks and issues that Life and Pensions companies would need to overcome if they chose to adopt digital currencies as a payment method.
This paper is a Case Study to the Interim Paper. The paper considers the wider African context of a large, fast changing and diverse continent out of step with many other areas of the globe from a development and economic perspective. There are vast rural-urban divides across the continent leading to different responses and needs for a cash less society in the future. The issue of distrust in technological change and cost of access is much larger in rural communities who are hesitant to embrace mobile or technological innovations.
Suzie Lyons, Head of Legal Services at the IFoA, explains how volunteering in our Disciplinary and Investigation Actuary Pools supports our profession and your personal and professional development.
We are currently looking for volunteers to act as decision makers on our Disciplinary panels, and also to assist our Disciplinary Investigations Team with the investigation of allegations.
Take part in our Volunteer Satisfaction Survey and help improve the volunteer experience at the IFoA.
All members of the IFoA benefit from the time given by their peers, both past and present, who volunteer to help the IFoA achieve our strategic objectives.
Listening to our volunteers and learning about your experiences is important to us, helping us to better understand how you feel about your engagement and helping us enhance the support we provide – creating a more rewarding volunteer experience.
Help us improve the volunteer experience
Three working parties, under the remit of the IFoA's Pensions Board have responded to three consultations.
The Managing Uncertainty with Professionalism Working Party seeks to develop general and simple principles to support actuaries in managing and communicating uncertainty in all fields.
The working party arose from a specific concern that, by quoting '1 in 200' numbers for capital requirements under Solvency II, actuaries were, perhaps unwittingly, being party to giving false confidence about the financial strength of insurers. This issue naturally led on to broader reflections on uncertainty, looking beyond the actuarial profession and even beyond the insurance industry.
The Institute and Faculty of Actuaries is delighted to announce that Tan Suee Chieh has been confirmed as the next President-elect.
Other actuary news
Added: Mon, 11/03/2019 - 14:10UK pension schemes could enjoy a significant fall in liabilities after the Institute and Faculty of Actuaries (IFoA) last week slashed its life expectancy projections by almost half a year.
Added: Fri, 08/03/2019 - 11:21The UK is the 13th best country in the OECD for female economic empowerment after climbing one position in an annual ranking by PricewaterhouseCoopers (PwC).
Added: Tue, 05/03/2019 - 13:01The Pensions Regulator (TPR) has today published guidance outlining how it expects employers and trustees to approach upcoming scheme valuations.
Added: Mon, 04/03/2019 - 14:18More than half of private investors in the UK view Brexit as an opportunity, with the overwhelming majority confident about the outlook for their investments.
Added: Mon, 04/03/2019 - 13:30Gender diversity has improved at nearly all levels of the UK's insurance industry, new research has found, although the number of women in senior roles remains low.
Added: Fri, 01/03/2019 - 16:48Financial technology investment more than doubled across the world last year, with the UK and US both enjoying record levels of fundraising.
Added: Fri, 01/03/2019 - 15:30Cyber attacks on the UK's financial services sector increased by a massive 480% last year, with insurance companies and investment banks among the most targeted.
Added: Thu, 28/02/2019 - 16:00Insurers, banks and other financial institutions across the world have announced 33 restrictions on funding for the coal sector since the start of 2018, new research has found.
Added: Wed, 27/02/2019 - 14:30The mutual and cooperative insurance market has been the fastest-growing part of the global industry since the financial crisis, new research has uncovered.
Added: Tue, 26/02/2019 - 13:56Millions of British drivers are automatically renewing their car insurance every year and overpaying by £1.2bn as a result, research by GoCompare has revealed.