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The Actuary - Magazine of the Institute and Faculty of Actuaries

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The Actuary March 2023

News

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New online forum 'IFoA communities' – now live

IFoA communities is your new online digital community. Here’s how to get started on the platform
March 2023
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Climate risk course sees new growth

In April, the Climate Risk and Sustainability course will be one year old. During its first year, we welcomed 155 participants and awarded 148 certificates. Members from more than 19 countries came together at the seminars to discuss and share what they had learnt.
March 2023
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Actuarial Profession Standard Z1: have your say

The IFoA is consulting on proposals to introduce a revised Actuarial Profession Standard (APS) Z1 on ‘Duties and responsibilities of members undertaking work in relation to UK trust-based pre-paid funeral plans’. APS Z1 sets out specific ethical and professional obligations that apply, in addition to the Actuaries’ Code, for members providing advice relating to funeral plan trusts.
March 2023

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Editor's selection

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Take your pick

The upheaval of the past few years means life is sweet for job-hunters, who now have top choice, says recruiter Austin Brislen
March 2023
Open-access content
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Make My Money Matter's Tony Burdon on the practical power of sustainable pensions

Years working in international development showed Tony Burdon, head of Make My Money Matter, that sustainable pensions can harness trillions of pounds to build a better world – at a scale governments and charities can’t. He talks to Travis Elsum
Pensions
Environment
Global
March 2023
Open-access content
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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
General Insurance
Technology
March 2023
Open-access content
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Rising in the East

Head of business acceptance and chief pricing actuary, Asia Pacific, SCOR, Hong Kong, CHINA
Careers
March 2023
Open-access content
ty

Data detective

Heard about the chatbot ChatGPT? Artificial intelligence is advancing rapidly, says Arjun Brara – and could soon be used to refine ESG ratings and expose greenwashing
Environment
Technology
Data Analytics
March 2023
Open-access content
ers

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
Pensions
March 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.

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General Insurance

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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
Open-access content
bl

'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
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
uh

The road to understanding

Vrishti Goel examines how data analytics could provide more personalised insurance products, for example within the motor insurance industry
Wednesday 30th November 2022
Open-access content
More from General Insurance »
Pensions topic header

Pensions

ers

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
Open-access content
rdth

Make My Money Matter's Tony Burdon on the practical power of sustainable pensions

Years working in international development showed Tony Burdon, head of Make My Money Matter, that sustainable pensions can harness trillions of pounds to build a better world – at a scale governments and charities can’t. He talks to Travis Elsum
Wednesday 1st March 2023
Open-access content
KV

Liability-driven investments: new landscape

What now for liability-driven investments, after last year’s crash in the market? Pensions experts Rakesh Girdharlal and Moiz Khan say it should lead to a more balanced approach
Wednesday 1st February 2023
Open-access content
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Natural capital investing

Chris Howells and Andrew Dreaneen discuss how today’s investments in natural capital profit portfolios as well as the planet and humanity
Wednesday 1st February 2023
Open-access content
More from Pensions »
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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
Open-access content
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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
Open-access content
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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
Open-access content
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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
Open-access content
More from Regulation Standards »
Data Science topic header

Data Science

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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
Open-access content
uh

The road to understanding

Vrishti Goel examines how data analytics could provide more personalised insurance products, for example within the motor insurance industry
Wednesday 30th November 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 »

Finance & Investment Board update - December 2022 

Finance & Investment Board update  December 2022  Bradley Shearer shares an update on the IFoA F&I Board’s activities  Our Finance & Investment Board met virtually once again on Thursday 1st December. One of the aspects I love about the Board is how diverse and broad it is, covering Finance and Investments, the Banking community, and the Economics and Non-Executive Director (NED) MIGs. Our members are based around the world, and many of us have roles in other IFoA communities too. 

Thursday 19th January 2023

Health and Care Board Update - December 2022

Health & Care Board update – December 2022 Scott Reid, Health & Care Board Deputy Chair, provides an update.

Thursday 15th December 2022

Life Board Update - December 2022

  Joshua Waters, Chair of the Life Standards and Consultations Sub-committee, provides an update on the IFoA Life Board activities.

Thursday 15th December 2022

Risk Management Board Update - 14 December

Peter Tompkins provides an update from the latest board meeting The Risk Management board is responsible for developing and delivering the value of IFoA membership, for actuaries who work in risk management practice or who want to know about this field. The board recently met on 14 December. We welcomed two new members, Andrea Egan from London and Elena Papadopoulou from Cyprus.  Our Purposes

Thursday 15th December 2022

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