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Call for Life Insurance and General Insurance volunteers

Would you like to join the The Actuary magazine’s editorial team?
November 2020
Qx factor

Join the Qx Factor!

On Friday 11th December, Ignata are hosting “The Qx Factor” the first global talent competition for actuaries. The event which will be held on zoom is in aid of Great Ormond Street Hospital Children's Charity and aims to lift spirits within the profession this Christmas.
November 2020
'Excess' deaths rise for fourth successive week

'Excess' deaths rise for fourth successive week

Mortality rates in England and Wales have been above 2019 levels for the fourth successive week, analysis by the Continuous Mortality Investigation (CMI) has found.
November 2020

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Editor's selection

Adding experts to injury

Adding experts to injury

Peter Wylie looks at the history of injury damage decisions and the involvement of actuarial calculations in court decisions
November 2020
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Investment funds: charging ahead

Brandon Horwitz looks at assessing value for money for investment funds, and how remedies adopted by the FCA aim to build on a duty to act in the best interests of investors
November 2020
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Interview with Dr Emma Raven: Before the flood

Interview with Dr Emma Raven: Before the flood

Under a high emissions scenario, average UK winter precipitation will increase by 18% between 1990 and 2090
November 2020
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Perfect match: automating the identification of asset characteristics for Solvency II matching adjustment

Perfect match: automating the identification of asset characteristics for Solvency II matching adjustment

ince its emergence in the 1500s, the UK life insurance industry has been a keen adopter of technologies. The earliest life insurance policy is believed to be dated 1583 and covers the life of a William Gibbons. At that time, technology included the abacus – one of the earliest calculating devices. The 1700s saw the introduction of logarithms and mortality tables, while the 1800s brought machines and devices to assist calculation. Electrically operated machines began to appear in actuarial departments in the 1930s, but it wasn’t until the early 1960s that we saw the first electronic desk calcu
November 2020
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Completing the matrix

Completing the matrix

Correlation matrices arise in many applications to model the dependence between variables. Dan Georgescu and Nick Higham ask what happens when we have a partially specified matrix and we wish to fill in the missing elements
November 2020
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Hit or miss?

The new IFRS 17 regime: hit or miss?

The new IFRS 17 regime: hit or miss?
November 2020
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General Insurance topic header

General Insurance

Vietnam's general insurance market to stagnate in 2020

Vietnam's general insurance market to stagnate in 2020

The growth rate of Vietnam's general insurance market is forecast to plummet by three-quarters this year as a result of the economic slowdown caused by the COVID-19 pandemic.
17th November 2020
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Mandatory climate-related financial disclosures announced

Mandatory climate-related financial disclosures announced

Pension schemes, insurance companies, asset managers and banks will all be forced to disclose their financial exposure to climate change by 2025 under new rules unveiled by the UK chancellor Rishi Sunak yesterday.
10th November 2020
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Car insurance prices at four-year low

Car insurance prices at four-year low

The average price that drivers are paying for motor insurance in the UK remains at a four-year low, according to the Association on British Insurers (ABI).
2nd November 2020
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Huge pandemic insurance protection gap uncovered

Huge pandemic insurance protection gap uncovered

Property and casualty (P&C) insurers would have to collect business interruption premiums for 150 years to make up for the projected global output losses related to COVID-19 in 2020.
27th October 2020
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Pensions

Dormant pension wealth surges to more than £290bn

Dormant pension wealth surges to more than £290bn

UK savers have more than £290bn held in dormant pension pots where no contributions or withdrawals are being made, which is over double the figure recorded when auto-enrolment was introduced.
17th November 2020
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Women more likely to miss out on retirement guidance

Women more likely to miss out on retirement guidance

UK women are nearly half as likely as their male counterparts to know that they are entitled to free and impartial pension advice, research by Just Group has uncovered.
17th November 2020
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Investors with $9trn in assets call for Paris-aligned accounts

Investors with $9trn in assets call for Paris-aligned accounts

Investors with over $9trn (£6.8trn) in assets under management have called on Europe's largest companies to reflect the implications of delivering the Paris Agreement in their financial statements.
16th November 2020
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Mandatory climate-related financial disclosures announced

Mandatory climate-related financial disclosures announced

Pension schemes, insurance companies, asset managers and banks will all be forced to disclose their financial exposure to climate change by 2025 under new rules unveiled by the UK chancellor Rishi Sunak yesterday.
10th November 2020
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Regulation Standards

Mandatory climate-related financial disclosures announced

Mandatory climate-related financial disclosures announced

Pension schemes, insurance companies, asset managers and banks will all be forced to disclose their financial exposure to climate change by 2025 under new rules unveiled by the UK chancellor Rishi Sunak yesterday.
10th November 2020
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Putting risk into perspective

Simon Wasserman and Matthew Myring-McCullagh explain the importance of the Joint Forum on Actuarial Regulation’s Risk Perspective publication
2nd September 2020
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Imperfect numbers under IFRS 17

Imperfect numbers under IFRS 17

Kunj Behari Maheshwari and Brian Ring discuss considerations for excluding factors that do not impact insurance cashflows but may influence observable prices in emerging market discount rates
2nd September 2020
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Joining the dots between operational and non-operational risk

Patrick Kelliher covers issues in modelling dependencies between operational and non-operational risks
8th July 2020
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Data Science

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Data science and global development

Tim Harris and Jacob Wilcock describe how data science is helping the UK’s Department for International Development tackle global development challenges
5th August 2020
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Pieces of the technology puzzle

Małgorzata Śmietanka and Philip Treleaven explain the technologies making up the data-driven insurance picture
8th July 2020
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Crystal clear: AI and transparency

The last few years have seen a number of calls for 'transparency' around the workings of the latest artificial intelligence systems.
4th March 2020
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New frontiers of technology

Alizabeth Calder examines the challenges facing actuaries in an increasingly tech and data-based world
3rd October 2019
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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 »

International Data Source Log

"You can have data without information, but there is no information without data" – Anon As part of...

November 2020

Pension scheme cyber risk

Pension schemes are vulnerable to a variety of Cyber Risks including ransomware attacks; data...

November 2020