For over a decade, the Financial Reporting Council (FRC) has provided regulatory oversight of the IFoA in the UK, through our mutual agreement following the Morris Settlement.
This months edition of the magazine has an international theme, and I wanted to use this as an opportunity to draw focus to some of the IFoAs recent global activity and plans.
The IFoAs 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.
The IFoAs annual general meeting, to be held at Staple Inn on 28 June, will not only see the inauguration of Jules Constantinou as our new president but also the IFoA Council election results.
The IFoAs 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.
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
Our strategy recognises that actuaries are a small but global community who are at their strongest when working together. Globally, there are around 70,000 qualified actuaries, but more than five million qualified accountants and a similar number of lawyers.
The recent extreme weather in the US has caused devastation on a massive scale. Because of hurricanes like Harvey and Irma, people in Texas, Florida and the Caribbean have seen their lives and livelihoods washed away in an instant.
