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Chris Reynolds, outgoing Chair of the IFoA Health and Care Research Sub-committee reflects on his time in the role:
Over the last two years I’ve had the privilege to chair the Health and Care Research Sub-Committee. This has been an excellent experience as it’s allowed me to be at the heart of the research being undertaken in the Health and Care space.
The Life Office Taxation Working Party (TWP) keeps abreast of new developments in the area of Life Office Taxation. We aim to offer an annual presentation on relevant matters to the Life Conference, and we are currently supported by having a taxation professional (Lindsay J’afari-Pak, PwC) as a member of the Working Party.
In this blog, Chloe Hung, Amazon best-selling author, reveals in her opinion, the career outlook for actuaries and why they're in demand.
Actuarial science is consistently ranked as one of the top professions to venture into. Despite it being a top-ranking profession, the actuarial industry is a small industry and the number of students pursuing actuarial science has been increasing rapidly over the years. This makes competition within the actuarial job market stiffer each year.
In this blog, Jules Constantinou, IFoA President, discusses the use of actuarial science to assess risk and evaluate longevity improvement.
The GI Asia International Working Party provides a forum for GI actuaries to discuss local and international GI issues impacting members in the region, as well as the opportunity to further research in specific regional issues.
In this blog Nicholas Chee Lek Yeo explains why he joined the working party and what he hopes the working party will achieve.
Having achieved its objectives, the IFoA’s Modelling, Analytics and Insights from Data (MAID) Working Party is disbanding and a new Data Science Member Interest Group (MIG) will be formed.
With the practical application of data science moving from the frontiers to the mainstream of the profession, it is essential that actuaries keep pace with advances in technology and methodology, ensuring the profession remains relevant and fit for the future.
In this blog, Chloe Hung, Amazon best-selling author, talks about some of the traditional to new industries you could work in as an actuary.
As a student wanting to become an actuary you have a wide selection of career choices after graduation. Most students end up working within the insurance industry as the largest practice area the IFoA’s membership works within. However, with the emergence of new areas of businesses actuaries work in and the change in actuarial roles, I’m sure we’ll see this shift.
Join the LinkedIN group to keep abreast of latest Pension news and activities. Debate and discuss Pension related issues.
The Health and Care Lifelong Learning Sub-committee is seeking to recruit up to two members. The sub-committee are seeking to balance their membership and therefore wish to recruit one member with a PMI background and one member who works for a direct insurer.
The IFoA Diabetes Working Party was formed in February 2018 with an overall aim of developing a mortality table at a granular level for those with diabetes. Diabetes is a leading global cause of morbidity and premature mortality and therefore understanding this condition in terms of prevalence and mortality risk is clearly significant for insurers and actuaries.
Other actuary news
Added: Fri, 13/07/2018 - 17:35The Pure Gold Company has said that a 237% increase in people buying physical gold happened on 9 July following the resignations of cabinet ministers David Davies and Boris Johnson over disputes about the government's plans for Brexit.
Added: Thu, 12/07/2018 - 12:00Global insurance premiums increased by 1.5% to nearly $5tn in 2017 after rising by 2.2% in 2016, insurer Swiss Re has said, with China cited as an engine of growth.
Added: Thu, 12/07/2018 - 11:50The Japan government pension fund has posted a 6.9% increase in its rate of return for fiscal year 2017 equivalent to 10,091bn, its annual overview of the year has shown.
Added: Wed, 11/07/2018 - 03:20One in four people think they will still be working at age 70, a survey for insurer Aegon has found.
Added: Tue, 10/07/2018 - 11:15Oil, gas, mining, food and beverage and transportation companies have the highest exposures to risks from depletion of 'natural capital', a survey by insurer Allianz Global Corporate & Specialty has found. Risks include higher costs from resource scarcity, regulatory action and pressure from public opinion.
Added: Wed, 04/07/2018 - 12:30There has been a huge decline in the proportion of UK adults aged 45 and older that expect the government to pay for their social care over the last six years, new research has found.
Added: Tue, 03/07/2018 - 12:30There are three times as many European pension funds considering how climate change could impact investments than there were last year, new research has found.
Added: Mon, 02/07/2018 - 12:05Companies that took part in mergers and acquisitions (M&A) this year have seen share prices drop at a greater rate than at any time since the 2008 financial crisis.
Added: Fri, 29/06/2018 - 13:05Rising premiums and falling injury claims saw the UK's motor insurance market record higher underwriting profits last year than at any point since 1994.
Added: Thu, 28/06/2018 - 14:10Only a quarter of defined benefit (DB) pension scheme trustees in the UK would feel comfortable deciding whether consolidation into a 'super fund' makes sense or not.