‘think’ thought leadership series

The ‘think’ series aims to promote debate on topics across the spectrum of actuarial work and beyond. It looks to provide a platform for members and stakeholders to share views that may differ from the IFoA’s ‘house’ view.

Through this, we hope to challenge the status quo within the profession, question orthodoxy, and shine a light on complex or under-examined issues. At its heart, the series is about stimulating discussion and dialogue to help tackle issues from a different perspective.

Edition 9: The population implosion: what choices do we have?

Our ninth publication in the ‘think’ series has been authored by insurance professional and IFoA Council member Dermot Grenham. His actuarial career has spanned life and general insurance in several public and private, mutual and shareholder organisations over more than 35 years. He lectured in demography at the London School of Economics for five years. Dermot recently co-authored a paper on fertility for actuaries, which was published in the British Actuarial Journal.

In this article Dermot:

• discusses the context of falling birth rates
• considers the causes and consequences
• identifies some possible options for governments facing economic pressures and financial costs associated with increases in the old age to working age ratio

Actuaries have valuable skills in making long-term projections, risk management, and in pension and social security systems. Dermot believes these skills can help policymakers develop suitable policies and programmes that enable men and women have the number of children they desire. Read the full piece to discover how.

Join the Q&A

Don’t miss the chance to join author Dermot Grenham live on Thursday 27 February for an engaging Q&A session on IFoA communities. He’ll be delving deeper into the report and answering your questions.

Book your place