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The Actuary - Magazine of the Institute and Faculty of Actuaries

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The Actuary June 2022

News

Investing in health could boost US GDP by 4%

Investing in health could boost US GDP by 4%

The US could enjoy a 4% gain in GDP if the government were to invest more in preventative health interventions that boost the employment rate among older workers, research suggests.
June 2022
Disconnect between finance and operations teams exposing new risks

Disconnect between finance and operations teams exposing new risks

A lack of alignment between finance and operations teams is damaging growth and competitive advantage at organisations worldwide, a recent survey of 1,300 business leaders has uncovered.
June 2022
Climate change guidance published for actuaries

Climate change guidance published for actuaries

The Joint Forum on Actuarial Regulation (JFAR) has this week published an extensive report on the science of climate change and how actuaries can help mitigate risks.
June 2022

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Editor's selection

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Sponsored roundtable: Meeting the data demand

Emerging data science tools and techniques are redefining what it is to be an actuary. Organisations worldwide are looking to optimise their operations , and recruitment agencies are inundated with requests for talent that stands out from the crowd.
June 2022
Open-access content
y4A

Interview: Mukami Njeru and Lucy Muthoni are blazing a trail

Mukami Njeru and Lucy Muthoni talk to Kim Chimsasa and Chris Seekings about their work at the Actuarial Academy of East Africa, and improving access to the profession on the continent
June 2022
Open-access content
XZHRD

The extra mile: perceptions of health protection

Richard Purcell considers the role that value-added services are playing in changing customers’ perceptions of protection, and how such services could develop in future
June 2022
Open-access content
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Filling the gap: actuarial resources between nations

Ibrahim Muhanna looks at the state of the actuarial profession around the world, and considers what it might take to narrow the gaps in resources
June 2022
Open-access content
hrts

Storm watch: Can IPCC models be used in cat modelling?

Can IPCC projections be used to adjust catastrophe models for climate change? Nigel Winspear and David Maneval investigate, using US hurricanes as an example
June 2022
Open-access content
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Changing gears: autonomous vehicles and motor insurance

Ben Hoster considers the implications of electric autonomous vehicles for motor insurance, and the role insurers will play in popularising this new mode of transport
June 2022
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The Actuary Jobs

The Actuary Jobs is the jobs website for The Actuary magazine and the official job board for IFoA (Institute and Faculty of Actuaries). 

Our aim is to help Actuarial Profession members and non-members to find jobs and recruit appropriate staff. We cover both permanent and interim positions in all actuarial areas, from junior posts to senior roles. Our goal is to put the right employer in touch with the right potential employee as efficiently as possible.

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General Insurance

XZHRD

The extra mile: perceptions of health protection

Richard Purcell considers the role that value-added services are playing in changing customers’ perceptions of protection, and how such services could develop in future
Wednesday 1st June 2022
Open-access content
JD

Worldview: Turkey

Özlen Kandemirli reflects on the obstacles and rewards of qualifying as an actuary in Turkey
Wednesday 1st June 2022
Open-access content
J6S

Obstacle course: IFRS 17 implementation challenges for Kenyan insurers

Joan Mungai examines the practical challenges for Kenyan insurers when it comes to IFRS 17 implementation
Wednesday 1st June 2022
Open-access content

United front: responding to large loss events

Darshan Purmessur shares how public and private sector stakeholders came together following the 2020 Mauritian oil spill, and what it can teach us about responding to large loss events
Wednesday 1st June 2022
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Pensions

UK makes slow progress closing gender pension gap

UK makes slow progress closing gender pension gap

UK women are still likely to retire with far smaller pension pots than their male counterparts, and this is set to continue for many decades unless urgent action is taken, new research suggests.
Monday 27th June 2022
Open-access content
TPR launches pensions dashboard deadline campaign

TPR launches pensions dashboard deadline campaign

The Pensions Regulator (TPR) has today launched a new campaign urging pension trustees to prepare for their dashboard deadlines, with many still not ready for next year's phase-in period.
Wednesday 22nd June 2022
Open-access content
ABI publishes auto-enrolment 'action plan' for next decade

ABI publishes auto-enrolment 'action plan' for next decade

The UK government should gradually increase minimum pension contribution rates from 8% to 12% over the next 10 years, the Association of British Insurers (ABI) has recommended.
Tuesday 21st June 2022
Open-access content
TPR outlines priorities for next two years

TPR outlines priorities for next two years

Tackling pension scams, measuring value for money for savers, and helping schemes become 'dashboard ready' are the key priorities for the Pensions Regulator (TPR) over the next two years.
Wednesday 15th June 2022
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Regulation Standards

TPR launches pensions dashboard deadline campaign

TPR launches pensions dashboard deadline campaign

The Pensions Regulator (TPR) has today launched a new campaign urging pension trustees to prepare for their dashboard deadlines, with many still not ready for next year's phase-in period.
Wednesday 22nd June 2022
Open-access content
IFRS 17 costs forecast to reach up to $24bn

IFRS 17 forecast to cost insurers up to $24bn

The global insurance industry is forecast to spend up to $24bn (£19.6bn) implementing the new IFRS 17 accounting standard, which is significantly more than was projected a year ago.
Tuesday 21st June 2022
Open-access content
TPR outlines priorities for next two years

TPR outlines priorities for next two years

Tackling pension scams, measuring value for money for savers, and helping schemes become 'dashboard ready' are the key priorities for the Pensions Regulator (TPR) over the next two years.
Wednesday 15th June 2022
Open-access content
J6S

Obstacle course: IFRS 17 implementation challenges for Kenyan insurers

Joan Mungai examines the practical challenges for Kenyan insurers when it comes to IFRS 17 implementation
Wednesday 1st June 2022
Open-access content
More from Regulation Standards »
Data Science topic header

Data Science

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Sponsored roundtable: Meeting the data demand

Emerging data science tools and techniques are redefining what it is to be an actuary. Organisations worldwide are looking to optimise their operations , and recruitment agencies are inundated with requests for talent that stands out from the crowd.
Wednesday 1st June 2022
Open-access content
dtj

Talking census: making use of data

With the ONS starting to release the data from the 2021 census, Jeremy Keating considers how those working in insurance can make use of it
Wednesday 1st June 2022
Open-access content
hrrz

The social movement

The actuarial profession needs to pay more attention to social risk, says Chris Sutton
Wednesday 4th May 2022
Open-access content
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Model citizens during the pandemic

Chris Martin and Steve Bale discuss how actuaries modelled the impacts of critical care demand and long COVID during the pandemic
Wednesday 6th April 2022
Open-access content
More from Data Science »

About the IFOA

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The Institute and Faculty of Actuaries (IFoA) came into being on 1 August 2010.

It is the UK's only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally.

Find out more about us by visiting our website »

Life Board update - June 2022

Karen Brolly provides an update. The Life Board had their last meetings of the sessional year on 14...

June 2022

Risk Management board update – June 2022

Peter Tompkins provides an update from the latest board meeting. The Risk Management board is...

June 2022

Sustainability Board Update - May 2022

Melissa Leitner provides an update. In the second meeting of the year, the Board's agenda was packed...

June 2022

Health & Care Board Update - June 2022

We recently held the final Health & Care Board meeting of the current session. As usual there...

June 2022

F&I Board meeting update - March 2022

Adeline Tan provides an update from the F&I Board. The first quarter of 2022 has whizzed by,...

June 2022

Participants Needed for UK Asbestos Working Party Survey – Application Deadline 25 June

The UK Asbestos Working Party periodically carries out market surveys of insurance company...

June 2022

Pensions volunteering – Join the Pensions Research Sub-committee

Hi, I am Glyn Bradley and I first volunteered for a pensions working party in 2017.

June 2022

Finance & Investment Board – update December 2021

Hetal Patel provides an update on the IFoA Life Board activities. On Thursday 2nd December, the...

June 2022

Life Board – update March 2022

Mudi Ugono provides an update on the IFoA Life Board activities. Matching Adjustment

June 2022

Health and Care Board update – March 2022

Vicky Gardner provides an update on the Health and Care Board activities.

June 2022

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