Application closing date: 13 September
The IFoA is seeking to appoint both members and suitably experienced non-members to join the Fairness and Inclusion Working Party in the general insurance practice area.
The aim of the working party is to explore ways and help inform action to improve financial inclusion within the UK general insurance personal lines market.
We are writing a white paper and IFoA GIRO Conference 2026 talk to look at:
How do we ensure inclusion and fairness in the personal lines (PL) market? What can we learn from other countries? Have GIPP and Consumer Duty helped increase inclusion and fairness in the PL market? How do we ensure inclusive and fair PL products for all? These are topics of substance with no single, easy answer and include questions such as:
- Can risk-based pricing align with affordability?
- What level of cross-subsidy is appropriate?
- How should high-risk customers be treated?
- How do we measure fair value?
In this session we will discuss the above questions and give viewpoints from multiple angles.
We will also go through a proposal for motor re – and what this may have to look like to make the UK personal lines market inclusive and fair to all.
We are also exploring the below examples:
- Conduct research to identify the factors most contributing to increased or decreased levels of financial inclusion in the general insurance market.
- Analyse the effectiveness of existing regulation in contributing towards financial inclusion, for example GIPP and Consumer Duty
- Analysis of potential sections of society being priced out of the general insurance market, for example certain locations, younger/older drivers.
- Research potential ways to address the key factors contributing to financial inclusion issues, including consideration of industry-led and regulator/government-led solutions. This will include analysis of the pros and cons of the possible options for a range of stakeholders including insurers, policyholders and government.
- Sharing proposed solutions and recommended actions with the government, regulators and other stakeholders. Provide insight to support the Financial Inclusion Committee and wider policy.
Read more in the working party terms of reference (PDF, 200 KB)
Time commitment
The time commitment varies but will not be more than a maximum of 8 hours per month. The working group will consist of regular meetings, every 2 to 4 weeks, with peaks expected in the early exploratory and later delivery stages.
Next steps
If you are interested in this role and would like an informal conversation before applying, please email us at engagement.team@actuaries.org.uk.
If you have read all the above and would like to apply, please send us:
- brief details of your relevant experience
- your reasons for wishing to get involved
- your ARN (if you are a member)
- a brief copy of your CV and full contact details (if you are a non-member)
- confirmation that you have read, understood, and agree to the information and requirements laid out in our volunteer information pack (please be aware that until we have received this confirmation, we will not be able to appoint you as a volunteer)
Please email all the above to engagement.team@actuaries.org.uk. Please note, we are unable to accept late applications.
We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.
What you need to know
Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s governance manual and volunteer information pack. Before offering to provide support, please read through: what you need to know.