Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • July 2016
07

Letter: Risk management for events

Open-access content Monday 4th July 2016

At a recent “fully booked” IFoA meeting I counted 40 empty seats, and this is not, I believe, unusual.


At a recent "fully booked" IFoA meeting I counted 40 empty seats, and this is not, I believe, unusual. I know that this is caused by members booking and then not turning up, but, given that this is a regular feature, could a solution not be found? One that suggests itself would be for the IFoA to keep track of the number of no-shows, fit a distribution, set a risk tolerance for turning folk away (1 in 200 springs to mind, I don't know why) and then over-book accordingly.

Maybe there is a profession that has the skills to do that.

Tony Jeffery

12 June 2016


This article appeared in our July 2016 issue of The Actuary.
Click here to view this issue
Filed in:
07

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

ALM Investment Actuary

London (Central)
£70000 - £90000 per annum + bonus, pension
Reference
120954

Longevity Actuary

London (Central)
£60000 - £90000 per annum + bonus. pension
Reference
120953

Senior BPA Pricing Actuary

London (Central)
£90000 - £120000 per annum + bonus, pension
Reference
120952
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2021 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited, Level 5, 78 Chamber Street, London, E1 8BL. Tel: 020 7880 6200