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
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • Sections
  • Opinion
  • 2018
  • 03
CEO Comment

The IFoA: charting a course

Open-access content Wednesday 7th March 2018 — updated 5.50pm, Wednesday 29th April 2020

The IFoA’s strategy was published in June 2016. The refresh reflected five years of global, industrial, political and economic change, and reset the future direction of the organisation.

2

—

This realignment was to ensure we are reaching our Royal Charter objectives, but it also acknowledged growing areas that actuaries were contributing to, and solidified our commitment to supporting and promoting these. It acknowledged the expanding geographical spread of our growing membership, and pledged our commitment to extend our reach to them. Executing all of that is a moving platform, and that is where our corporate plan comes in.

The corporate plan equips our staff and volunteers with the framework they need to take tangible action to reach the strategy. Each plan breaks down the deliverables within the strategy into work that we can deliver in-year. The focus and deliverables therefore vary year on year, but will all contribute to our overarching strategic aim of delivering a sustainable future for actuarial science. Our 2017/18 plan, to be published later this month, is our second full one since the 2016 strategy.

Following the launch of the strategy, we spent time reviewing what we needed to do as an organisation to deliver it, and set about laying the foundations that would enable us to do so. The year ahead is therefore about consolidation and bedding in the existing work through efficient use of our resources. But it's not about standing still. There's a lot going on.

On the education front, we will finalise preparations for Curriculum 2019. We will review the outcomes of our member consultation on our qualifications framework and act accordingly, to make sure that our education offering is fit for the future. 

We will also be launching lifelong learning offerings in data science, so that our members are given suitable development opportunities that will enable them to be effective in this growing area. This activity will help us to achieve our core education strategy of providing globally leading and relevant learning opportunities, enabling the IFoA to remain agile, relevant and adaptive to the changing needs of our members. We will also be implementing our markets development strategy, remaining alert to the changing profile of our membership and aiming to provide excellent support to members, wherever they are based. 

In pursuit of our regulatory strategy, we will be exploring what we can do to verify the quality of actuarial work on an ongoing basis, while remembering that regulation should be an enabler for good business, rather than a burden. 

As last year, our plan is structured under three cross-cutting themes:

Lifelong learning is about making sure our members are equipped with a relevant and contemporary skillset, at every stage of their careers.

Being sought after is about promoting the IFoA and its members to ensure that we continue to be in demand, in line with our public affairs strategy of being heard. 

Leading professional body is about the IFoA as an exemplar of what it means to be a sustainable professional body that acts in the public interest, through our people and our operations.

None of our plans would be possible without our people. Our members and staff are our greatest asset. By investing in their needs, we will ensure the achievement of our strategy, and therefore the future success of the IFoA. 


Derek Cribb is the chief executive of the Institute and Faculty of Actuaries

You may also be interested in...

2

A data-enriched journey

Ian Betley assesses the increasing importance of insurtech in the industry
Wednesday 7th March 2018
Open-access content
2

Fighting for a fair future

Among the aims of this year’s International Women’s Day, which falls on 8 March 2018, is a call to action for accelerating gender parity.
Tuesday 6th March 2018
Open-access content
2

Variety show

“Never think that lack of variability is stability.” Here, Nassim Nicholas Taleb flags a cognitive bias that affects how many of us perceive risks.
Tuesday 6th March 2018
Open-access content
2

Taking stock to focus on the future

January is when I take stock of where we have been, and think about where we are going. On reflection, I am very proud of the progress we made in 2017, against a backdrop of global uncertainty and unprecedented continuing political change. Being a relatively small profession, our agility enables us to not only weather the storm but also to harness uncertainties as an opportunity for innovation and positive change.Last year was the first full year with our refreshed strategy, which seeks to ensure the sust
Tuesday 6th February 2018
Open-access content
2

Riding the winds of change

Joseph Mills takes inspiration from entrepreneur Elon Musk and explores the actuarial world’s future possibilities
Wednesday 7th March 2018
Open-access content
2

Celebrating 10 years of TANC

Rewind to 2007, when a couple of professors at Cass Business School spotted that the actuarial alumni group was growing rapidly but that there wasn’t an easy way for people to stay in touch. And so The Actuarial Network at Cass (TANC) was born – a dynamic community of alumni who share more than just a qualification.
Wednesday 7th March 2018
Open-access content
Filed in
03
Also filed in
CEO Comment
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Reserving Analyst

London (City of)
Negotiable
Reference
149485

Senior GI Modeler - Capital and Planning

London (Central)
£ excellent
Reference
149436

Risk Oversight Manager

Flexible / hybrid with a minimum of 2 days per week office-based
£ excellent
Reference
149435
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

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ