The Actuary - Magazine of the Institute and Faculty of Actuaries

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Scottish preserve

The Faculty of Actuaries’ archives are a goldmine for those interested in Scotland’s actuarial heritage, and a recent move ensures they should ne’er be forgot
June 2023
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‘Future Actuary Undergraduate of the Year Award’ winner

Introducing Moyo Oyebanji, winner of this year’s Future Actuary Undergraduate of the Year Award
June 2023
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Sessionals now in person at Staple Inn

After a gap of more than two years, we’re pleased to announce the return of in-person sessional meetings and networking to Staple Inn Hall, London.
June 2023

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Editor's selection

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Interview: Swiss Re group chief actuary Philip Long on his upskilling scheme, Atelier

When it comes to upskilling, Swiss Re group chief actuary Philip Long walks the walk. He tells Ruolin Wang all about Atelier, a scheme he set up at the company to support actuaries in doing what they do best (data) and where they could improve (communication)
June 2023
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Actuaries vs data scientists

Data scientists – different beasts, right? But feel they’re taking over in some areas? Actuaries can point to distinct advantages, says Jack Harrington, and can, in fact, benefit from working alongside them
June 2023
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The great big giveaway?

While AI chatbots have many uses, including in the field of education, Mark Farrell asks: are we in danger of making the ultimate concession and sacrificing our brainpower to it?
June 2023
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The case for CCOs

The remit of the chief sustainability officer is too broad, argue Cillian Williamson and Jack Harrington. We need a top-level role that deals specifically with climate
June 2023
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Startership enterprise

An innovative virtual work-experience programme helps new actuaries avoid feeling like aliens dropped onto a foreign planet when they start their first jobs. Its founders, Pamela Hellig, Previn Pillay and Soshan Soobramoney, explain how ’AIM’ works
June 2023
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Polished product

You’ve developed your model; now, you need to put it on a user-friendly web app… Aristides Zenonos and Phanis Ioannou outline one of the most popular software tools in the sector – Shiny
June 2023
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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.

Visit The Actuary Jobs website »

Risk Oversight Manager

Flexible / hybrid with a minimum of 2 days per week office-based
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General Insurance topic header

General Insurance

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Fancy a chat?

They’re now constantly in the media and opinion is clearly divided. So what about chatbots in insurance – pro or con? By Prateek Didwania
Thursday 4th May 2023
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Brain power

The latest microchips mimic cerebral function. Smaller, faster and more efficient than their predecessors, they have the potential to save lives and help insurers, argues Amarnath Suggu
Wednesday 1st March 2023
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'Takaful' models of Islamic insurance

Ethical, varied and a growing market – ‘takaful’ Islamic insurance is worth knowing about, wherever you’re from and whatever your beliefs, says Ali Asghar Bhuriwala
Wednesday 1st February 2023
Open-access content
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When 'human' isn't female

It was only last year that the first anatomically correct female crash test dummy was created. With so much data still based on the male perspective, are we truly meeting all consumer needs? Adél Drew discusses her thoughts, based on the book Invisible Women by Caroline Criado Perez
Wednesday 1st February 2023
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Pensions

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Trust exercise

Chris O’Brien takes us though the legal constraints affecting the way in which pension trustees deal with commutations. And should commutation factors be reviewed more frequently?
Thursday 4th May 2023
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Routemaster

Derek Steeden and Andrew Reid discuss how capital-backed funding arrangements can help defined benefit pension schemes map out a satisfying final destination
Thursday 4th May 2023
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Net gains

Since its inception a few years ago, a framework for net-zero-aware pensions investments, published by the Institutional Investors Group on Climate Change, has been evolving. Maria Nazarova-Doyle explains why she is a fan
Thursday 6th April 2023
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By halves

Reducing the pensions gap between men and women is a work in progress – and there’s still a long way to go, with women retiring on 50% less than men, says Alexandra Miles
Thursday 2nd March 2023
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Regulation Standards

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A matter of adjustment

Private assets will continue to shine even under the Treasury’s proposed changes to the Solvency II matching adjustment, says Ziling Jiang
Wednesday 2nd November 2022
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A home run: reducing inequality through impact investing?

Sophie van Oosterom, Wojciech Herchel and Mark Callender consider how ‘impact investing’ in social housing could help to reduce inequality
Wednesday 5th October 2022
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Exchange of ideas: IFRS 17 implementation in the Caribbean

Servaas Houben considers how IFRS 17 principles could benefit insurers in the Caribbean – and what European insurers could learn from the region when it comes to implementing the standard
Wednesday 31st August 2022
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Worldview: Mauritius

Mauritius is more than a picture-postcard holiday destination, says Bernard Yen – it is also a thriving location for financial services
Wednesday 31st August 2022
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Data Science

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The top tool of data clustering

Richard Steele describes how ‘clustering’ techniques can be a useful part of any data analysis toolkit
Thursday 6th April 2023
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Free for all

Coding: those who love it can benefit those who don’t by creating open-source tools. Yiannis Parizas outlines two popular data science programming languages, and the simulator he devised and shared
Wednesday 1st March 2023
Open-access content
il

When 'human' isn't female

It was only last year that the first anatomically correct female crash test dummy was created. With so much data still based on the male perspective, are we truly meeting all consumer needs? Adél Drew discusses her thoughts, based on the book Invisible Women by Caroline Criado Perez
Wednesday 1st February 2023
Open-access content
res

Interview: Tim Harford on the importance of questioning our assumptions

Tim Harford speaks to Ruolin Wang about why it’s so important to slow down and question things from emotive headlines to the numbers and algorithms we use in our work
Wednesday 30th November 2022
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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 »

Life Board Update – March 2023

Life Board Update Clarence Er, Deputy Chair provides an update from the latest board meeting.  The most recent series of Life Board meetings were held 21 and 28 March 2023, which were the first set of meetings I have attended since I’ve joined the Life Board as Deputy Chair. A wide range of topics were covered during the meetings and I have the pleasure of sharing a summary of some of the key updates. Update on IFoA initiatives

Wednesday 17th May 2023

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

The UK Asbestos Working Party periodically carries out market surveys of insurance company UK asbestos-related claims in order that they can estimate the future cost of UK asbestos-related claims to the insurance industry.

Friday 12th May 2023

Health and Care Board update - 23 March 2023

Health and Care Board update Anna Spender provides an update from the latest board meeting.  We held our first Health & Care Board meeting of 2023 on the 23rd March and once again there were numerous areas to cover leading to a lot of discussion, debate, and further actions.

Wednesday 12th April 2023

Risk Management Board update - March 2023

Risk Management Board update Andrea Egan provides an update from the latest board meeting.  Succession Planning We discussed succession planning for the Risk Management Board, specifically the upcoming vacancy for a Deputy Chair; the vacancy will be advertised on the volunteering page, with applicants who meet the requirements encouraged to apply.  Update from IFoA on Employer Engagement

Wednesday 12th April 2023

Pensions Board update - March 2023

Pensions Board update - March 2023 Glyn Bradley provides an update on the Pensions Board's spring meeting.

Wednesday 12th April 2023