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In this blog, Chair of Scottish Board Alan Watson talks about the Spring Lecture and Professor Sir John Curtice's talk entitled "Brexit: Democratic Success or Failure?".
The IFoA has published revised Guides for Members on Speaking Up, Conflicts of interest and acting as Non-Executive Directors.
We encourage you to use this opportunity to consider the new material in light of the revised Actuaries’ Code which comes into effect on 18 May 2019.
There is still time to raise any objections around the content of the new Guides before the deadline of noon on Friday 15 March.
To mark International Women’s Day, we’re recapping on some of the activities our staff, members and the wider actuarial community have been doing to promote diversity in the profession, blogs Charlotte Forsyth.
Last year we held events in London and Edinburgh called Girls – Count Us In. These events were free-to-attend and were specifically designed to encourage more girls to take up STEM subjects.
CRP107-Modeling, Measuring and Pricing the Flood Risk
This project, undertaken by the Society of Actuaries (SOA), reviews the existing literature on the flood risk models, and provide commentaries of relevance to actuaries. One goal of the review is to educate the actuarial community about the various shades of the flood risk, as well as about the state of the art in quantitative flood risk modeling. Another goal is to examine the possibility of employing the actuarial knowledge tank in order to refine the inventory of the existing flood risk models.
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.
Other actuary news
Added: Tue, 02/04/2019 - 14:42Strong investment in intelligent automation (IA) technology has failed to deliver fast enough returns, with many projects stuck in pilot mode as firms struggle to scale.
Added: Mon, 01/04/2019 - 16:30A rising number of large and complex risks have rendered the Asian commercial insurance market unsustainable, Willis Towers Watson (WLTW) has warned.
Added: Fri, 29/03/2019 - 11:20An updated funding code due in 2020 could add £100bn to defined benefit (DB) pension scheme deficits in the UK and cause employer contributions to double, KPMG analysis has revealed.
Added: Thu, 28/03/2019 - 12:51UK financial services have suffered another quarter of falling business volumes, with growth in the investment management sector declining faster than at any point since the end of 2008.
Added: Wed, 27/03/2019 - 14:40Life insurers are failing to find value for money in actuarial consultants due to intrinsic weaknesses in the hiring process, a survey by Barnett Waddingham has uncovered.
Added: Wed, 27/03/2019 - 13:00Global businesses have failed to provide detailed and transparent workforce data in response to a request from more than 120 investors managing over $13trn (£11trn) in assets.
Added: Tue, 26/03/2019 - 13:00Insurance payouts for businesses struggling to cope with bad debts are at their highest level since 2009, the Association of British Insurers (ABI) has revealed.
Added: Mon, 25/03/2019 - 15:30The UK's 100 largest listed companies are set to transfer £300bn of pension liabilities to insurers through full buy-outs over the next decade, up from just £5bn today.
Added: Fri, 22/03/2019 - 17:11California could become the first US state to mandate climate-related financial disclosures for insurers after more than 60 public interest groups petitioned Insurance Commissioner Ricardo Lara yesterday.
Added: Fri, 22/03/2019 - 15:01UK employees paid more into defined contribution (DC) pension schemes than defined benefit (DB) schemes for the first time last year, the Office for National Statistics has revealed.