Last year, Council identified the growing importance of longevity risk to many financial entities and the increased number of providers of demographic experience analysis. In May 2012, a working group was set up to make recommendations on how the Institute and Faculty of Actuaries should respond to the challenges and opportunities in this area.
Last year, Council identified the growing importance of longevity risk to many financial entities and the increased number of providers of demographic experience analysis. In May 2012, a working group was set up to make recommendations on how the Institute and Faculty of Actuaries should respond to the challenges and opportunities in this area.
Chaired by Steve Nuttall, the working party has found that many activities are already under way. However, there is not always a clear link between these activities and the strategic aims of the Institute and Faculty of Actuaries, and awareness of the work is not as high as it might be. Further, there would still appear to be some gaps in research and analysis in this field that could be usefully addressed.
The Profession is now running a consultation to build up a comprehensive picture of activities regarding demographic experience data and are seeking your views on opportunities. If you have an interest in the development of the mortality and morbidity studies carried out under the sponsorship of Institute and Faculty of Actuaries, we would like your input.
"The study of mortality and morbidity is fundamental to the development of actuarial science for practitioners and academics, but there are clearly opportunities to improve the impact of our activities here for professional, commercial and public benefit," said Nuttall. "I am delighted to have been given the opportunity to help the Institute and Faculty of Actuaries shape its future role in this regard. The working group feels that we need a more coordinated approach to all demographic analysis taking place at the Institute and Faculty of Actuaries and we are very keen to gather information from as many members as possible."
The consultation document and a link to the online response survey can be found at: bit.ly/RKHzuv
The consultation will run until 17 December. If you have any queries, please contac: