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Pensions

Considerations for actuaries when advising on commutation rates

Jon Forsyth of LCP outlines a new paper on commutation rates and explores what it’s like being a member of an IFoA working party

Public Affairs
Policy

For the actuarial eye: Autumn Statement 2023

Our Policy and Public Affairs Team explores the contents of the Autumn Statement 2023 most relevant to the work of actuaries

Sustainability

COP28: hotting up in UAE

Our Policy and Public Affairs Team explores a few important things to know ahead of COP28 in Dubai, 30 November to 12 December 2023

Life Insurance
Covid-19
Mortality

Navigating new normals: setting mortality and longevity assumptions in the post-pandemic era

The COVID 19 pandemic has disrupted well-established processes for understanding and forecasting mortality and longevity experience. At the height of the pandemic, we observed spikes in mortality rates that were not representative of steady-state mortality rates.

Climate Change
Data science

Time series analysis of S&P Green Bond Index

The IFoA’s Data Science, Sustainability and Climate Change Working Party shares its initial time series analysis of the S&P Green Bond Index using non-traditional techniques including neural networks.

Sustainability

COP28: “A cause for optimism?”

Our Policy and Public Affairs Team explores the important developments that came out of COP28 in Dubai, 30 November to 12 December 2023

Life Insurance
Climate Change

Climate scenario analysis for life insurers

This short article is an initial output from the IFoA Life Climate Scenarios Working Party (Assumptions and scenario modelling) – it provides a brief outline of how climate scenarios can be used by a life insurance company.

IFoA
DEI
Regulation

The benefits of embedding DEI values in our ethical code of conduct

As we launch a consultation on formalising Diversity, Equity and Inclusion (DEI) within the IFoA’s regulatory framework, Neil Buckley, Chair of the IFoA’s Regulatory Board, reflects on the benefits of embedding DEI values in our ethical code of conduct.

IFoA

How actuaries are using artificial intelligence and machine learning

Chris Paterson at the Government Actuary’s Department explains its research on how actuaries in the UK are using AI and machine learning techniques, and how you can get involved.

IFoA Event
IFoA conferences

IFoA Conference 2023: collaboration to bring wider perspectives

Sophie Wright and Shuyan Liang, co-chairs of the IFoA Conference 2023 organising committee, preview the event’s unique and essential offering to all actuaries

CMI

How did the COVID-19 Pandemic impact Accelerated Critical Illness and the causes of claims?

Chris Reynolds, Chair of the CMI Assurances Committee, discusses the recently published Working Paper 167, which analyses the causes of accelerated critical illness claims over the period 2017 to 2020.

This working paper is the first time the Committee has been able to consider in detail the experience of critical illness policies over a period impacted by the pandemic.

DEI
Diversity
IFoA

The IFoA's Diversity, Equity and Inclusion demographics survey: The importance of data in DEI

As we launch the IFoA’s first diversity, equity and inclusion (DEI) demographics survey for IFoA volunteers, we talk to members of the Finance and Investment Board (F&I Board) about the importance of data in DEI and their journey so far.

Climate Change

Connecting climate change, longevity and ageing

David Sinclair, Chief Executive of the International Longevity Centre, explores longevity – the missing link in the climate change debate

CMI

Pension scheme mortality: an update on the pandemic, and an analysis by sector

Matt Fletcher, Chair of the CMI SAPS Committees, summarises key points from the CMI’s latest annual analysis of the mortality experience of members of UK defined benefit pension schemes.

IFoA
DEI
Regulation

Have your say: incorporating DEI values into the Actuaries’ Code

Edwin Sheaf, member of the IFoA Regulatory Board, encourages members to have their say in our consultation on incorporating DEI values into the Actuaries’ Code.

CMI
Mortality

Measures of excess deaths

Darryl Brundle, Head of Longevity at Legal & General and a member of the CMI Executive Committee, gives an overview of the different methodologies used to calculate excess deaths.

Pensions

Taking an evidence-based approach to CDC pensions

Professor Catherine Donnelly is leading research into pensions products that are based on collective risk-sharing. Here she explores some of the themes emerging from the research.

Pensions

The future of health: will the government deliver on its healthy ageing targets, or will we see deepening inequalities?

This blog follows the Institute and Faculty of Actuary’s ‘Future of health session’ at last year’s ILC’s Future of Ageing Conference – speakers included Stuart McDonald, Head of Longevity and Demographic Insights, Lane Clark & Peacock (LCP); George MacGinnis, Healthy Ageing Challenge Director, UK Research and Innovation (UKRI); Nicola Oliver, Medical Intelligence; and Professor Les Mayhew, Head of Global Research, ILC, and Professor of Statistics at Bayes Business School.

Sustainability

Actuaries, foxes and economic pluralism

In the run up to our webinar on 27 March, Nick Foster considers whether a broader approach to economic thinking, beyond the prevailing orthodoxies, needs to be part of the actuarial toolkit

IFoA

From stability to growth? Spring Budget key takeaways for actuaries

Charlie Wynne on our Policy and Public Affairs Team explores key takeaways for actuaries from the UK’s 2023 Spring Budget