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The Actuary The magazine of the Institute & Faculty of Actuaries
Wednesday 16 October 2019
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Opinion

  • What about tolerance?Your article How's your risk appetite? (bit.ly/2MwlphA) rightly draws attention to the importance of defining clear, relevant and practical risk appetites before undertaking risk management.
  • Derek Cribb Derek Cribb: A world of differenceThis month's edition of the magazine has an international theme, and I wanted to use this as an opportunity to draw focus to some of the IFoA's recent global activity and plans.
  • The cost of livingTony Ratcliff (bit.ly/2yd7FVV) challenges the profession to take up a position on assisted dying.
  • Francesco Sebastian Globalisation for the actuarial professionBack in 1999, when I decided to become an actuary, I did not consider the possibility of living and working in far-flung places.
  • Derek Cribb Shaping the codeThe IFoA's members are increasingly diversifying into new geographies and work areas, and this brings with it fresh challenges in terms of how we carry out our regulatory role.
  • Marjorie Ngwenya Marjorie Ngwenya on a year of progressThroughout my year as president, I have focused my energy around three goals for the profession: proactively seeking to be future fit, creating suitable professionals, and finding ways to serve our diverse membership.
  • Time to tackle an age-old issueIn the April issue, the president draws attention to the many implications for individuals in the ways in which we conduct our lives... of living beyond the age of 100... as actuaries we are well placed to deal with the many permutations that are implied.
  • Real-world riskIn the April issue, the IFoA Risk Margin working party responded to my letter of December 2017. In that letter, I had pointed out that, in my opinion, the risk discount approach of Hans Waszink was more appropriate than the EIOPA risk-free approach for calculating the cost of capital.
  • Looking forward to a global futureThe actuarial profession is one with multiple angles; it leverages a powerful quantitative skillset and techniques that apply to a variety of problems involving risk situations. Then it aims to make sense of those problems, interpreting the results of the analysis and facilitating informed decision-making.
  • IFoA response to student editorWe always like to hear from our learners, and I am sure your readers enjoyed your editorial in the last issue of The Actuary. I'd like to use these letter pages to respond directly to some of the issues you raised and to show how the IFoA is already 'on track' with some of these.
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