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The General Insurance Practice Area LinkedIn group has now been launched.
Join the group to keep up-to-date with latest news and activities from the General Insurance Community and debate and discuss with your peers on all matters related to general insurance.
In this blog, Bradley Ashton, Actuarial Consultant at Barnett Waddingham, talks about studying after university and coping mechanisms for actuarial exams.
We would like to hear from qualified IFoA Members willing to take part in a pilot project for an IFoA buddy system.
Following member feedback, we are undertaking a pilot project to test demand for an IFoA “Buddy System”. Our proposed buddy system would offer Members an opportunity to get in touch with qualified IFoA Members to talk to them about career choices, professional, or other issues.
The Institute and Faculty of Actuaries E-Cigarettes working party was established in 2016 with the objective of investigating the impact of e-cigarettes on the life insurance industry. The group is a multi-disciplined team of insurance professionals including actuaries, underwriters and claims personnel who have a broad range of experience across a number of sectors.
The Life Board is seeking to appoint a Deputy Chair.
This volunteer will be a Fellow or Associate of the IFoA who is keen to build on the excellent foundations already created. They should also have a desire to help shape and drive forward the Life practice area for the future.
The IFoA is currently recruiting up to four experienced, proactive and innovative members to volunteer on the Health and Care Board.
These volunteers will ideally already have a good industry profile and an excellent network of contacts. They will be people who are keen to build on the excellent foundations already created and have a passion to help shape and drive forward the Health and Care practice area for the future.
The closing date for volunteers is 19 June 2018.
The IFoA Life Board recently launched three new IFRS 17 Working Parties. They are focussed on the following:
- IFRS 17: Contractual Service Margin (CSM)
- IFRS 17: Future of Discounting
- IFRS 17: Transversal
We are currently recruiting for members to volunteer to join the Working Parties. The closing date is 20 June 2018.
The Running Off Mature Schemes Working Party has now published its paper. It covers the many issues faced by mature defined benefit pension schemes and how they might tackle them. It also sets out a framework for managing their run-off as they move through the various stages of maturity. Many 1000's of UK schemes are either already mature or will be in the near term - how they are run off will impact the security of their members' benefits and the funding of those schemes by sponsor employers.
In this blog, Chloe Hung, Amazon best-selling author, gives advice on how to plan and structure your actuarial career.
Having a solid actuarial career plan is important in increasing your chances at landing your first full time actuarial job after graduation. Plus, planning for your actuarial career gives you a better idea of where you want to go and what you want to do once you step into the working world.
This addendum to the “Cashless society- Benefits, Risks and Issues interim paper” aims to complete the chronicle of international events for the topic in 2017, highlighting key developments from August to December 2017.
All eyes were on Asia. The sheer scale of mobile and Internet payments in China and their integration within social networks call for reflection on the global potential for growth.
Other actuary news
Added: Tue, 22/05/2018 - 16:00Chief financial officers (CFOs) in the UK are facing higher levels of economic uncertainty than those in any other country in Europe, a new survey has found.
Added: Mon, 21/05/2018 - 15:48The National Employment Savings Trust (NEST) has backed a shareholder resolution calling on oil and gas company Shell to set greenhouse gas intensity targets aligned with the Paris Agreement.
Added: Mon, 21/05/2018 - 14:08Upgrading technology is the number one priority for insurance companies around the world, followed by underwriting discipline, regulation and cyber security.
Added: Fri, 18/05/2018 - 17:21The Institute and Faculty of Actuaries (IFoA) has today published changes to its code of conduct for members following a substantive review and public consultation.
Added: Fri, 18/05/2018 - 12:23The amount of money that UK pensioners will need to save for a comfortable retirement has grown by three-quarters in real terms since 2002, a new study has found.
Added: Thu, 17/05/2018 - 11:29There are just a few jurisdictions in the EU where fines imposed under incoming General Data Protection Regulation (GDPR) can be covered by insurance, with Finland and Norway the only definite exceptions.
Added: Thu, 17/05/2018 - 11:20A new generational contract is required to tackle the biggest challenges facing the UK, with sweeping reforms needed to the housing market and how the NHS is funded.
Added: Wed, 16/05/2018 - 15:52Insurers are increasingly unable to find the right staff, with just one-quarter of workers in the sector prepared to use artificial intelligence (AI) systems.
Added: Wed, 16/05/2018 - 15:35Nearly one-third of UK insurance brokers admit to having a poor understanding of cyber risks, despite the majority recognising the issue as one of the most important facing the industry.
Added: Wed, 09/05/2018 - 12:40The overwhelming majority of UK insurers believe the incoming reporting standard IFRS 17 will be more costly than the Solvency II directive, new research has found.