Latest IFoA news
Click to filter your search
Make your views count
We will asking all our members to take part in a short, online survey later this month.
This is an important opportunity for you to tell us what you value and how we can improve the support and services we provide. The last time we undertook an all-member survey was eight years ago and we encourage all our members to take advantage of this opportunity to tell us what’s most important to you.
Ahead of the government’s long-awaited social care green paper, Policy Manager Henry Thompson introduces the IFoA’s new Social Care Policy Briefing series
Life Conference 2018: 21-23 November, Liverpool
The Life Conference 2018 is the premier event for Life Insurance actuaries in the UK. The programme this year includes nearly 80 sessions with a focus on developing and enhancing technical knowledge and sharing innovations.
The conference also provides the opportunity to network and exchange ideas with a wide range of professionals.
Are you prepared to meet the serious challenge of cyber threats? Visesh Gosrani blogs on a key issue facing global business.
“It won’t happen to us!”
“How many insurers have you seen affected by cyber risk events?”
“We don’t have the budget to spend.”
Building on previous success
The CERA Global Association (CGA), which grants actuarial organisations the right to award the CERA enterprise risk management credential, is delighted to announce the appointment of Nick Dumbreck as the new Chair of the Board.
Future Pensions Landscape publish report on the Pensions Dashboard
The pensions dashboard has been talked about across the industry for a long time. With the proposed implementation of date of 2019 (albeit it has been questioned by some whether this is achievable or not), it is time to consider the actuarial aspects behind providing individuals with details of their pension benefits.
This October, I chaired the above workshop where a wide range of topics were presented to stimulate thought and debate as senior life actuaries focus on the usual year-end activities. Whilst a backdrop of mortality and economic uncertainty is the norm, this year there are more challenges than usual with: a buck in the trend for mortality improvements; the potential impact of Brexit; and the challenges arising from climate change. So the agenda for the day needed to cover a wide range of topics and subsequent attendee feedback has confirmed this approach was much appreciated.
On 17 September , I chaired a Sessional meeting for the Health and Care practice area. This is the fourth year we have run the “Hot topics in Health and Care” event covering three varied topics, where the author writes a short paper made available before the event and presents their findings in the evening.
The 2017 and 2018 hurricane seasons have again focussed the attention of the catastrophe risk management and insurance community on the topic of hurricane clustering in the North Atlantic. Have the most recent hurricane seasons caused us to update our view of clustering as a meteorological occurrence, and if so, in what ways? This takes place on the 29th November.
Dick Rae, Chair of the IFoA’s Finance and Investment Board considers the history of long-term investment ahead of the Autumn Lecture, delivered by Lord Myners next week.
Other actuary news
Added: Mon, 10/12/2018 - 14:20A group of 11 insurance associations has written to the International Accounting Standards Board (IASB) reaffirming the need for a two-year delay to the introduction of IFRS 17.
Added: Fri, 07/12/2018 - 14:53Aviva, HSBC and Hermes are among a group of institutional investors with over $5trn (£3.9trn) in assets backing a 'just transition' for workers and communities when tackling climate change.
Added: Fri, 07/12/2018 - 13:00The Markets in Financial Instruments Directive II (MiFID II) has failed to boost competition, investor protection, and transparency in European bond markets.
Added: Thu, 06/12/2018 - 13:57Defined benefit (DB) pension schemes in the UK are increasingly worried about liquidity, with four-fifths expecting to be cash flow negative within five years.
Added: Wed, 05/12/2018 - 14:20The number of patients happy to turn to artificial intelligence (AI) for their healthcare is set to explode over the next five years, saving hospitals billions of dollars in the process.
Added: Tue, 04/12/2018 - 15:40Almost two-thirds of the UK's defined benefit (DB) pension schemes are running at a deficit, despite funding increasing to the highest levels recorded since 2014.
Added: Mon, 03/12/2018 - 13:12The UK government has today unveiled plans for a series of pension dashboards that would allow millions to keep track of their retirement savings easily online.
Added: Mon, 03/12/2018 - 13:00None of the US' nine leading insurers have taken action to stop underwriting or investing in the coal industry, undermining their European peers in the process.
Added: Mon, 03/12/2018 - 09:30There are many antiquities in the City of London, and some particularly fine ancient relics were on display on 20 September, when the Worshipful Company of Actuaries visited the London Mithraeum, an ancient temple to the Roman god Mithras.
Added: Mon, 03/12/2018 - 09:30The 100-year life: fear or favour? This was the question Marjorie Ngwenya, the IFoA's immediate past president, posed to the audience at TANC's event on 18 October 2018.