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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’

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