This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical disciplines).
Come along and prepare to take part and say what you think!
Why is professional skills training important?
What are the principles in the Actuaries' Code? What is the difference between acting honestly and acting with integrity? What do we mean by acting with competence and care?
Why do some people sometimes make poor decisions and what can we do about it?
What sort of situations can arise in practice? We will watch and discuss some of the video material available on the IFoA website:
Let's be realistic here (Life)
Unknown unknowns (GI)
Losing the plot (general)
What's my line? (GI)
Looking after one of your own (Pensions)
Careless whispers (Life)
This session will qualify for two hours of Professional Skills CPD (two hours are needed annually under new rules from 1 July 2013).
This session is made up of a combination of the material from the London sessions of 11 February 2014 and 2 April 2014. It contains the video materials used at GIRO (2013), the Life Conference (November 2013) and the Highlights of the Life Conference sessions (March/April 2014).
This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, Pensions or any other technical discipline).
Come along prepared to take part and say what you think!
Why is professional skills training important?
What are the principles in the Actuaries' Code (and what is the difference between acting honestly and acting with integrity)?
What sorts of situations can arise in practice? We will watch and discuss some of the video material available on the IFoA website.
This session will qualify for one hour’s Professional Skills CPD (two hours are needed annually under new rules from 1 July 2013).
This session will be similar to that run at GIRO (October 2013) and the Life Conference (November 2013) and that to be run at the forthcoming Highlights of the Life Conference sessions (March 2014). We will also be running some different sessions using different videos in the period from March to June 2014.
The IFoA are delighted to welcome Lord Robert Winston as this year’s Spring Lecture speaker, presenting on:
Genes, Genomics, Genetics: Human or Hubris?
In this lecture Professor Winston examines what led to and preceded the sequencing of the human genome - an achievement which was described by one distinguished scientist as "a development more important than the invention of the wheel". But what has happened since? We already live in a time when humans live longer than at any point in previous history, and we are mostly far more healthy than ever before. The excitement with which the sequencing was greeted resulted in many respected authorities arguing that this advance will help us further by predicting ill-health, revolutionising the understanding of human diseases and increase the development of far more effective therapeutic strategies. Personalised medicine is now becoming a buzzword in our own National Health Service. Against this background is the spiralling cost of healthcare in most advanced countries which may be accentuated by ageing populations, populations who are more prone to such conditions as cancer, heart disease, diabetes and deterioration of brain function.
To what extent will advanced technology with the focus on genomic medicine be relevant in an uncertain future and are we missing the need for much greater concentration on simpler technologies to improve public health?
The quantification and use of the liquidity premium in Life Assurance business is a topic that has significant implications not only for life insurers but also for wider society, with a material impact on pensioner incomes and potentially on investment markets.Consideration of the liquidity premium was of sufficient importance for disagreements over the approach to delay the implementation of Solvency 2 in the European Union.
A great deal of research has been undertaken in recent years to try to support derivation of the liquidity premium from asset prices.This meeting will consider this research, assess how the liquidity premium should then be applied to life assurance liabilities and then consider why none of these theoretical approaches were, in the end, adopted by Solvency 2.Finally the meeting will discuss the implications of this decision and where the debate on the liquidity premium might go from here.
There will be no paper avaiable to download in advance of this event.
It is important for actuaries to remain on top of issues, especially in such a changing environment. The CIGI seminar provides a forum for general insurance actuaries to be aware and discuss a wide variety of issues. These include:
Lloyd’s issues
PPOs
Implications of the evolving digital world on insurance
Regulatory updates on Solvency II
Future developments for both actuarial technical and non-technical skills
Update on UK Flood and how these have affected companies pricing
Updates from several working parties including technical pricing and GIROC
The programme and the format of this event have been designed to inform but also encourage discussions and thoughts, through a number of plenary and break out sessions.
We have selected a range of experienced speakers from different backgrounds to bring a different perspective to the issues covered but also to encourage a wide debate. This seminar also provides a great opportunity to network with other general insurance actuaries.
Who should attend?
This packed programme covers a wide range of topics and therefore will be of value to all qualified and nearly qualified actuaries, working on general insurance matters in the UK and in Ireland.
This session will consider the impact of the pensions tax change for actuaries and scheme members. Philip Doggart, Policy Manager in the IFoA's Public Affairs team, will highlight some of the main consequences. There will also be sufficient time to discuss, amongst other matters, the following topics:
When and how will pension scheme members make decisions?
What will the requirement for guidance look like?
Are annuities now a legacy product?
Investment strategies - can there, should there be a default?
DB transfers - the relief that sponsors need, or the next disaster for consumers?
Registration at 16:30 hrs – Meeting starts 17:00 hrs
We have published a consultation on the Institute and Faculty of Actuaries' approach to the regulation of roles members may perform under the Solvency II directive.
The consultation closes on 13 June 2014 and we would encourage you to read the paper and give us your views.
Producing and maintaining good quality model documentation is an essential part of daily actuarial work. Representatives from the PRA, audit and from actuarial education share their view on what good quality model documentation looks like
Who should attend?
• Particularly beneficial for those less familiar with CA2 or Solvency II
• For those interested in PRA, internal audit and actuarial education insights
This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, Pensions or any other technical discipline).
Come along prepared to take part and say what you think!
Why is professional skills training important?
What are the principles in the Actuaries' Code (and what is the difference between acting honestly and acting with integrity)?
What sorts of situations can arise in practice? We will watch and discuss some of the video material available on the IFoA website.
This session will qualify for one hour’s Professional Skills CPD (two hours are needed annually under new rules from 1 July 2013).
This session will be similar to that run at GIRO (October 2013) and the Life Conference (November 2013) and that to be run at the forthcoming Highlights of the Life Conference sessions (March 2014). We will also be running some different sessions using different videos in the period from March to June 2014.
Alan Rubenstein, The Chief Executive of the Pension Protection Fund, will shed some light on what you should expect when dealing with Ministers and civil servants and what really gets said and done behind closed doors once you’ve left.
This social event provides an opportunity to network, build relationships and learn and share knowledge, experience and thoughts for UK-resident actuaries that have an association with, or interests in French-speaking countries. It is also an opportunity to meet and discuss with representatives of the UK Institute and Faculty of Actuary (IFoA) and the French Institut des Actuaires (French IA).
Who should attend?
This event is aimed at all French-speaking actuaries regardless of which Institute of Actuary they are members of eg. UK, France, Belgium, Switzerland, Canada etc.
The theme of this discussion will be centred on the challenges facing non-executive directors who find themselves as members of a remuneration committee in today’s climate facing up to the challenges around bonus culture, remuneration levels, corporate governance and the wider expectations of a more critical and better informed shareholder base.
Detailed programme information and booking options will be available shortly.
This session is suitable for actuaries working in any area (ie it is not specifically aimed at Life, GI or any other technical discipline). Come along prepared to take part and say what you think!
Why is professional skills training important?
What are the principles in the Actuaries' Code? What do we mean by acting impartially? How can we deal with conflicts of interest?
Why do people sometimes make poor decisions and what can we do about it?
What sorts of situations can arise in practice? We will watch and discuss some of the video material available on the IFoA website:
* Losing the plot
* Let’s be realistic here
* Unknown unknowns
* Careless whispers
This session will qualify for two hours of Professional Skills CPD (two hours are needed annually under new rules from 1 July 2013).
This session is made up of an extended version of the material from the London session of 4 June 2014. It uses different video material from that used at GIRO (October 2013), the Life Conference (November 2013), the Highlights of the Life Conference sessions (March/April 2014) and the London sessions in February to May 2014.
The purpose of this workshop is to cover the major areas of UK life insurer taxation. Topics will be covered interactively, through a mixture of presentations and case studies, including:
‘I-E’ Taxation
Shareholder tax
Tax modelling and Planning
Current life insurance tax developments, including ICA+/Solvency II.
Who should attend?
This workshop is aimed at actuaries and other insurance professionals who are involved in life insurance financial reporting and are exposed to the impact of tax on financial results in both the modelling arena and from a business planning perspective. The workshop will also be of interest to senior management of life insurers who have responsibility for reviewing tax results in particular, as traditional actuarial tax modelling techniques commonly used are often significantly different to the actual tax calculation. Please note limited spaces are available for this workshop.
This seminar is an important event for all those involved in general insurance reserving, from those performing the analysis to those making use of the output and insights from their work It will address a number of questions including:
- The latest views on the impact of recent developments in the UK market such as the increasing use of PPOs and the LASPO reforms on reserving?
- How can these and other inflationary changes be factored into reserving processes? - How can the uncertainty inherent in reserves be assessed and communicated?
- How will imminent or emerging regulation (Solvency II, IFRS) affect reserving?
- What do third parties including auditors, CEOs and Boards require from the reserving process?
- With internal and external demands on the reserving process increasing, what are current UK reserving practices and what might an optimal reserving process look like?
The IFoA is hosting events for members residing outside the UK. Members are invited to get together to listen to and discuss recent developments in the industry and network with colleagues.
Who should attend?
All actuaries or actuarial students working or living in The Netherlands or nearby countries. Non-UK actuaries or non-actuaries who are also interested to attend English language actuarial events are also very welcome.
