Practice areas

Find out about the practice areas in which our members work and apply their expertise

 

About actuarial practice areas

Actuaries apply their expertise and provide specialist advice in the practice areas below. Some affect all actuaries, like finance and sustainability, while others provide them with the opportunity to focus their skills in specialised sectors. Our role in these practice areas is to support our members working in them and to promote the profession.

 

Finance and investment

Finance and investment

Finance and investment affects all actuarial practice areas. Find out why.
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General insurance

General insurance

Reserving, rating, and capital modelling are the areas of expertise where general insurance actuaries specialise.
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Health and care

Health and care

A growing area for actuaries as the government looks for ways to restructure the welfare state to meet the changing needs, demands, and expectations of a changing population.
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Life

Life

The life practice area is integral to the IFoA in all of its key areas of influence: research, continuing professional development, public affairs, and regulation.
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Pensions

Pensions

Pension schemes are affected by the investment market, changing legislation, and regulation. Discover the specialist advice actuaries provide in this field.
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Risk management

Risk management

As experts in risk, actuaries are natural leaders in risk management. Discover why.
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Sustainability

Sustainability

Resource depletion and climate change issues affect all practice areas. Find out why.
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Data science

Data science

The Data Science Community shows how we can integrate data science application within IFoA in our educational system and credible techniques we can use within our industry.
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Cross practice work

Cross practice work

Cross practice work helps the IFoA influence regulators and policy makers in the public interest. Learn more.
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IFoA communities

IFoA communities is our new digital community platform, a space for member-to-member engagement, providing a platform for sharing expertise and open discussions. 

You can search by geography, role, or shared areas of interest by exploring community groups and connecting with like-minded individuals and collaborating around topics that are of interest to you. You can also explore topics in depth through the community collection of articles on developments in the field and links to relevant community resources, and discuss hot topics and the latest research in the community group forum.

IFoA communities

IFoA communities

Join our new digital community platform, a space for member-to-member engagement, sharing expertise and open discussions.
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Practice boards

The IFoA’s practice boards are member-led boards of senior volunteer actuaries that actively influence the environments in which actuaries practice. They advise the IFoA on important practice area issues and set key objectives annually. Each board also has oversight of, and is supported by, several subcommittees.

Join the boards or their subcommittees

For all vacancies arising on boards and their subcommittees, check our volunteer vacancies. Further information for volunteers, including tips on how to chair a meeting, can be found in our Volunteer Information Pack.

Research working parties

The practice areas are active in member-led research. Member-led research working parties are volunteer-led groups that conduct research on timely topics of interest to the practice area and the wider profession.

Each practice area has a committee with oversight of all the working parties in that area. It encourages them to undertake research that can be shared with IFoA members via:

Volunteer for a working party

All members are encouraged to volunteer for a research working party. If you have your own ideas for member-led research you would like to pursue, please contact our Practice Communities Team below or refer to our Guidance for Member-Led Research Working Parties (562 KB PDF). The guidance covers matters such as competition law, conflicts of interests, data security, and practical matters of support.

Members interested in volunteering for a research working party should check our volunteer vacancies.

Commissioning research

The IFoA is also actively involved in commissioning strategic and external research relating to the practice areas. Information on research undertaken by universities and other external agencies that receive funding or support from the IFoA, the IFoA’s strategy for involvement, the process for calls for research, current research initiatives, and funding can be found in thought leadership.

Contact us

Contact us

For more information about any of our practice areas, please email the Communities Engagement Team

Email the team