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08

Communicating actuarial risk principles to a global audience

Open-access content Tuesday 2nd August 2016 — updated 5.50pm, Wednesday 29th April 2020

The IFoA is excited to announce the launch of its actuarial risk principles in late September 2016.

The IFoA is excited to announce the launch of its actuarial risk principles in late September 2016. These arose from an expert workshop hosted by the IFoA in late 2015. Initially developed as a means to assess four major global risks - climate change, pandemics, food security and artificial intelligence - the actuarial risk principles have been synthesised to provide a robust framework to help improve policy responses and identify best practice.

Aimed primarily at government and business, the principles provide a framework for the assessment of risk and the use of actuarial techniques, particularly in non-traditional areas.
A report on the principles will include case studies, which will provide government and industry with real-world examples
of how the principles can be used in developing policy and managing business interests.

Members are encouraged to attend the launch event, which will allow them to make contact with businesses and governments in non-traditional fields. Look out for further details on the IFoA website.

This article appeared in our August 2016 issue of The Actuary.
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