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UK records more than 80,000 'excess' deaths

UK records more than 80,000 'excess' deaths

The UK recorded around 80,100 more deaths between the start of the coronavirus pandemic and 8 January 2021 than during the corresponding period 12 months earlier, the Continuous Mortality Investigation (CMI) has revealed.
January 2021
WEF warns of increasingly challenging global risks

COVID-19 exacerbating global risks, WEF warns

COVID-19 has threatened to impede the global cooperation needed to tackle a vast array of heightened risks over the next decade, the World Economic Forum (WEF) has warned today.
January 2021
World's largest asset managers remain misaligned with Paris goals

World's largest asset managers remain misaligned with Paris goals

The world's largest asset managers remain misaligned with the goals of the Paris Agreement due to their investments in the automotive, fossil fuel production, and electric power sectors.
January 2021

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Editor's selection

Celebrating 30 years

A trip through time

The Actuary has been connecting the actuarial community since 1990. In this 30th anniversary commemorative edition, some of our past editors tell us about their time at the helm
December 2020
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Interview with Matt Scott: A leading light

Interview with Matt Scott: A leading light
December 2020
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A new domain

A new domain
December 2020
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Strength in breadth

Geoff Trickey explains why it is important for decision-making teams to include people with a variety of risk dispositions
December 2020
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After the dust settles

After the dust settles

After the dust settles
December 2020
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Tuesday's child

Kevin Olding is the creator of the Mathsaurus website (mathsaurus.com) and YouTube channel, and a PhD student in the SAMBa Doctoral Training Centre at the University of Bath
December 2020
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Browse by Topic

General Insurance topic header

General Insurance

Insurers to pay businesses for COVID-19 losses

Insurers to pay businesses for COVID-19 losses

Tens of thousands of small firms will receive payments from insurance companies for coronavirus-related business interruption losses, following a ruling by the UK's Supreme Court today.
15th January 2021
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UK car insurers save over £4bn in 2020

UK car insurers save over £4bn in 2020

UK car insurers saved more than £4bn this year as a result of changes to driving routines caused by coronavirus lockdown measures, estimates by hello-safe.co.uk suggest.
21st December 2020
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Insurers expect largest pay rises in 2021

Insurers expect highest pay rises in 2021

Insurance companies expect to raise their wages at a higher rate than firms in any other sector in the UK next year, according to research by Willis Towers Watson (WTW).
9th December 2020
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Tuesday's child

Kevin Olding is the creator of the Mathsaurus website (mathsaurus.com) and YouTube channel, and a PhD student in the SAMBa Doctoral Training Centre at the University of Bath
2nd December 2020
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Pensions

Dramatic fall in pension contributions recorded

Dramatic fall in pension contributions recorded

Employee and employer contributions to defined contribution (DC) pensions schemes in the UK fell significantly last year amid COVID-19 turmoil, figures from the Office for National Statistics (ONS) have revealed.
13th January 2021
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FTSE 350 pension deficit nearly doubles in 2020

FTSE 350 pension deficit nearly doubles in 2020

The accounting deficit of defined benefit (DB) pension schemes at the UK's 350 largest listed companies nearly doubled last year amid COVID-19 turmoil.
7th January 2021
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Brexit deal saves state pension rises

Brexit deal saves state pension rises

UK citizens looking to retire in the European Economic Area (EEA) and Switzerland will receive the same increases to their state pension as those remaining in Britain, following the new Brexit deal.
7th January 2021
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£30bn of pension buy-ins and buyouts forecast for 2021

£30bn of pension buy-ins and buyouts forecast for 2021

The UK's bulk annuity market has completed £30bn worth of pension buy-ins and buyouts this year, and the picture is likely to be very similar in 2021, according to Willis Towers Watson (WTW).
22nd December 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

IFoA logo

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 »

GI Board - Objectives

The GI Board recently published an overview of their objectives and how they aim to enhance...

January 2021