Insurance Captive Regime Working Party – Chair, Deputy Chair and members

Application closing date: 18 January 2026

The IFoA is seeking to appoint both members and suitably experienced non-members to join the new Insurance Captive Regime Working Party. This is a cross practice collaboration working party between the IFoA’s General Insurance Board and Life Board.

The initial aim of the working party will be to develop a view on the potential design of the insurance captive regime and then seek to influence the Prudential Regulation Authority (PRA) ahead of the consultation, expected in mid‑2026, on the new regime proposed by the UK government.

Other aims of the working party include:

Raising awareness and investigate objectives of the new regime and form a view as to what are the key areas and salient risks as part of the proposed regulatory framework.
Explore various topics such as structure of the regulatory framework, impact on business models, potential implications for risk concentration and systemic risk through the use of captives in the UK, interaction between captives and capital markets (for example use of ISPVs for risk transfer) etc.
The potential future role of actuaries in captives.

Time commitment

The time commitment varies but will not be more than a maximum of two hours per month. The working group will consist of monthly meetings with more regular meeting as required.

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
which position you are applying for: Chair, Deputy Chair or member
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.