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DEI

Black History Month, structural racism and being an active ally

Richard Scott, a member of the IFoA Diversity, Equity and Inclusion (DEI) Colleague Group reflects on this year’s Black History Month, and how a recent frank conversation encouraged him to further explore his role as an ally; not only in this month but onwards, in order to continuously increase his knowledge and further his education as an active ally.

Chartered Actuary
CACT

The road to Actuarial Chartership

Richard Foulds, Lead Recruiter at IGA Talent, considers the pros and cons of the proposed new designation for IFoA actuaries: Chartered Actuary.

IFoA
Regulation

Use your vote to protect the trust in our profession

Ian Farr JP FFA, Chair of the Disciplinary Scheme Review Working Party, explains the proposed changes and why it is so important for members to vote.

Chartered Actuary
CACT

Why I’ll be voting ‘Yes’ to Chartered Actuary

Why I’ll be voting ‘Yes’ to Chartered Actuary

Risk
Life Insurance
IFoA Event

Stress event management and Rubik’s Cubes

In this blog, David Chen, a member of the Stress Resilience Working Party, provides insight into some of the observations from the recent market stress event, which were presented at the Life Conference 2022.

DEI

Black actuaries: let’s get visible

For Black History Month 2022, the Chair of our Diversity Action Group Chika Aghadiuno reflects on the need for supportive networks and role models. She also introduces the UK Black Actuaries Network, which she co-founded.

Policy
Public Affairs

The IFoA tackles the big issues at party conferences

Our public affairs team was in full swing at the 2022 party conferences, first in Liverpool for Labour, then in Birmingham for the Conservatives. At both, they were proud to host fringe events that gave focus to some of the most pressing issues of our time. Here the team reports back, offering some insight into the rich panel discussions.

Covid-19

How have annuitants fared in the pandemic?

Jamie Funnell (of Pension Insurance Corporation), Chair of the CMI Annuities Committee, sets out the key findings of our analysis of the mortality experience of pension annuities in payment through 2020 and the first half of 2021.

General Insurance
Risk

Are the GI Actuaries hogging Cyber Insurance Risk?

Cyber research by the working party has to date focussed on General Insurance risks where firms have been increasingly writing cyber insurance policies. The Working Party are now looking to begin a new workstream, exploring how potential Cyber scenarios may impact a Life insurer, where historical loss event data will not be available for some of the more extreme scenarios.

CMI
Covid-19
Mortality

CMI_2021 shows modest fall in life expectancy

The Continuous Mortality Investigation (CMI) Mortality Projections Committee (MPC) published annual updates to the CMI Mortality Projection Model. This blog summarises the latest version, CMI_2021. There is more detail in the CMI_2021 FAQs (open access) and Working Paper 160 (restricted to CMI Subscribers).

Climate Change
Climate change disclosure

Climate reporting focus: CDP

This is part 14 of a series of educational posts from the IFoA’s Climate Change Disclosures Working Party about climate reporting topics. Here we give an introduction to CDP and a brief overview of its submission process and outcomes.

Climate Change
Climate change disclosure

Climate reporting focus: Japan

This is part 13 of a series of educational posts from the IFoA’s Climate Change Disclosures Working Party about climate reporting topics. Here we focus on Japan: current practices and a brief overview of things to come.

Climate Change
Climate change disclosure

Climate reporting focus: TCFD

This is part 15 of a series of educational posts from the IFoA’s Climate Change Disclosures Working Party about climate reporting topics. Here we give an introduction to TCFD and a brief overview its wide-reaching recommendations.

Climate Change
Climate change disclosure

Climate reporting focus: Energy security and the impact on sustainable investments

This is the final part of a series of educational posts from the IFoA’s Climate Change Disclosures Working Party about climate reporting topics. Here we explore the impact that energy security considerations have had on the types of assets as green investments and the consequences this may have on reporting and progress towards net zero.

Life Insurance
Life Conference

Recovery and resolution plans: Life Conference 2023

A preview of the upcoming Life Conference 2023 session on meeting the new regulations for pension providers.

Life Insurance

Challenges in implementing an insurance-based solution for meeting cost of care in England

Adele Groyer of the IFoA’s Social Care Working Party gives an overview of the Association of British Insurers ‘Prepare for Care’ report against a background of continued uncertainty about what state support will be available in future.

CMI

Decoding post-pandemic mortality: a first look at 2022 data

Piero Cocevar (of Phoenix Group), member of the CMI Annuities Committee, reflects on the key findings of its analysis of the mortality experience of pension annuities in payment by month to end of 2022.

Life Insurance
Annuities
Life Conference

UK bulk annuity market: bigger, stronger, faster, harder

Over the past decade, the bulk purchase annuity (BPA) market has become almost unrecognisable, with its size, sophistication, and efficiency all evolving significantly. Here Suanne Chong and Andrew Kenyon of NatWest Markets preview their session at Life Conference 2023.

Public Affairs
Policy

IFoA success at party conference season 2023

Our Policy and Public Affairs Team reports back from the 2023 party conferences, an opportunity to bring the actuarial profession ‘to life’ to political stakeholders.

Policy
AI
Machine Learning

AI week and the AI Safety Summit: what actuaries need to know

Last week hearts and minds across Westminster turned to the rapidly rising technology of ‘frontier’ AI, in what political commentators referred to as ‘AI week’