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The Actuary The magazine of the Institute & Faculty of Actuaries


  • 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
  • Insured natural catastrophe losses down on last yearInsured losses from global natural disasters in the first half of 2014 reached $22bn, down $5bn on last year, according to Aon Benfield's monthly Global Catastrophe Recap report. 24 July 2014
  • US storms to cost insurers $1bn, says AonInsurers face a $1bn bill following storms in the US over the last month, a report by reinsurer Aon Benfield has found. 06 June 2014
  • kelvin_chamunorwa Learn from the futureIn areas of growth, the right education is essential to seize the benefits, says Kelvin Chamunorwa 05 June 2014
  • Water and sand Liquid assetThe trend towards water as an investment asset is likely to grow. Aled Jones and Michael Green explain how the actuarial profession could play a vital role in long-term risk modelling and enterprise risk management for the water sector 05 June 2014
  • Insurers are coping with climate change risks, says S&PReinsurers and insurers have so far coped well with climate change Standard and Poor's has said, but the ratings agency believes a sudden spike in the frequency and severity of weather events could test the industry. 20 May 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