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The Actuary The magazine of the Institute & Faculty of Actuaries


  • Table 1: Agriculture GDP, agriculture insurance premium and penetration ratios for the top 10 agriculture producers New frontiers in agricultureDr. Auguste Boissonnade reveals how agriculture catastrophe risk models are used to manage large loss potentials in the fast growing agricultural insurance industry 05 March 2015
  • Floods Flood Re poor value for money, says CCCThe government's flood reinsurance scheme, Flood Re, has been criticised as needlessly expensive, by Lord John Krebs, chairman of the Committee on Climate Change (CCC)'s adaptation sub-committee. 09 February 2015
  • Oil barrel - Shutterstock Impacts of falling oil pricesWith the price of oil down, Gail Tverberg asks how the commodity is likely to perform in the next few years and predicts the many likely effects on the energy market and the global economy 05 February 2015
  • Floods insurance cover risk European Commission approves Flood ReThe European Commission has approved the UK Flood reinsurance scheme, known as 'Flood Re'. 30 January 2015
  • Munich Re: 2014 natural catastrophe losses 'lower than usual'Natural catastrophe losses in 2014 were much lower than in previous years, according to reinsurer Munich Re but it warned that things could change in 2015. 07 January 2015
  • Osborne_iStock IFoA welcomes extension of Osborne's 'pensions revolution'Actuaries have welcomed the chancellor's announcement that he will abolish inheritance tax on joint life or guaranteed term annuities for people who die before the age of 75. 03 December 2014
  • Insurers 'cannot tackle climate change alone'Action by the insurance industry is not sufficient on its own to protect buildings from damage arising from climate change, the Urban Land Institute has said. 03 December 2014
  • Floods Government commits £2.3bn for flood defencesGovernment ministers have announced that £2.3bn will be allocated to boost flood defences in England to 2020, improving protection for more than 300,000 homes. 02 December 2014
  • Flooding SHUTTERSTOCK Government auditors warn on future flood riskGovernment spending on maintenance flood defences has fallen by 6% over the last five year, ramping up the risk of future flooding, the National Audit Office said today. 05 November 2014
  • Flooding ISTOCK Climate change experts urge flood-risk reduction planThe government and insurers should collaborate on a plan to reduce flood risk, the official advisory committee on climate change has said after finding that the uptake of sustainable drainage systems (SuDS) in new development was low. 29 October 2014
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Resource and Environment Practice

The social, business and financial worlds are increasingly being affected by environmental risks, the likelihood of future changes and the measures taken by governments to try to deal with them. As long-term risk managers such developments are of crucial interest to actuaries. The Resource and Environment practice area works to identify the implications for actuaries and their clients and help in the development of appropriate responses. 

See https://www.actuaries.org.uk/practice-areas/resource-and-environment/about-resource-and-environment