General Insurance Board – Member for Capital Oversight

Application closing date: 22 March

The General Insurance Board is seeking to appoint a proactive, innovative and diligent member to oversee the specialism area of capital. This will involve close collaboration with other board colleagues on related matters as well as working with the IFoA executive team to help implement wider strategy.

As well as making a more general contribution, the Member for Capital Oversight will specifically be asked to take primary responsibility for capital matters including:

• Chair the Capital Research Group, which brings together industry thought leaders to discuss ongoing developments in capital.
• Monitoring and responding to ongoing developments in the general insurance capital area both in the UK and in other countries.
• Early identification of emerging issues and likely upcoming hot topics and areas of focus.
• Helping to develop and improve robust technical, professional and ethical standards:

• • Consideration of technical and non-technical requirements of industry
  • Contribution to associated education and training initiatives
  • Enhancing communication and understanding.

• Working closely with the General Insurance Research and Thought Leadership Committee to identify and promote research with the aim of improving technical and operational understanding.
• Providing feedback to the General Insurance Lifelong Learning Committee on existing CPD provisions for capital and suggesting future needs if gaps are identified or new issues arise.
• Ensuring integration between board activities and that of general insurance practice area, with due consideration of the work of the Risk Management Board.
• Assisting development and maintenance of communications with appropriate stakeholders in industry as well as the wider general insurance constituency.

To fulfil these duties, the role holder may work with industry representatives and experts in a sub-group or workstream providing that any external contributions are clearly sign posted. 

Tenure 

This is a 3-year appointment.

What you will gain from joining

• The opportunity to shape and influence the general insurance practice area and its strategic direction.
• A platform to contribute to lifelong learning opportunities for general insurance actuaries.
• Support from experienced peers on the board and the IFoA executive team.
• A chance to expand your professional network across the general insurance sector.

Time commitment

Generally, this role can be suited to Fellows or Associates of the IFoA, or equivalent, and will require around one to two days per month, including quarterly attendance (dial in option available) at General Insurance Board meetings and Capital Research Group meetings.

We encourage expressions of interest from suitably qualified members, including those with an international perspective and/or with international experience. General insurance membership is increasingly diverse from a geographical perspective, and it is important this is reflected in the General Insurance Board membership.

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.