At Institute of Actuaries of India, the Safety and health of our attendees, speaker and staff is our uncompromising priority. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. This will significantly reduce our ability to respond to phone calls, however, the Membership Team will be answering calls to +44 (0)131 240 1325, please bear with us. The IFoA has now activated effective business continuity planning to ensure we continue to deliver for our members throughout this period of heightened awareness. How COVID-19 affects talent attraction and what you can do It’s hard to know how long the current situation will last and what the impact on hiring will be in the immediate future. The IFoA can confirm that all written examinations that would have been held in examination centres in April will not take place. After a spring and summer spent largely focused on COVID-19-related measures, jurisdictions were able to turn their attention to other matters—while keeping a watchful eye on how the coronavirus was unfolding—with states passing measures on prescription drugs, public pension plans, auto insurance, principle-based reserving, and reinsurance. We are very pleased to inform that Mr. DVS Ramesh who heads the Health Department in IRDAI has agreed to share his views on the actions taken by IRDAI and future course of action in view of current pandemic scenario. We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams. For details of how you can do this and further information on examinations, please visit Update on COVID19 for students booked onto April 2020 exams. DESCRIPTION: In the latest Actuaries Institute podcast, Angat Sandhu virtually interviews Annette King, chair and co-founder of Galileo Platforms, to discuss the formation and purpose of Galileo, her advice to those considering establishing an insurtech startup, and the important role actuaries will play in the development of the insurtech space into the future. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance. Due to the global COVID-19 situation, the IFoA is reviewing its events programme. Keith Passwater, Dave Nelson, and Thomas Friedrich; “Flu Review—a brief history and analysis of influenza risk”; Wes Edwards; “The Ticking Clock—Exploring Doomsday Risk Factors”; Florida Division of Workers’ Compensation 2020 COVID-19 Report, Amended January 1, 2021 Pure Premium Rate Filing, Potential implications of COVID-19 for the insurance sector, Actuarial Board for Counseling and Discipline. If we have introduced an online equivalent to your original examination booking, you can take this online examination instead. Candidates now have the following options. The Actuaries Institute intends to contribute our profession’s unique skills and experience to helping with the crisis. Owing to the current COVID-19 situation all IFoA employees are now working remotely. Please contact china@actuaries.org.uk or caryn.chua@actuaries.org.uk if you have any urgent local queries in China or South East Asia. Clinical Course and Risk Factors for Mortality of Adult Inpatients with COVID-19 in Wuhan China: A Retrospective Cohort Study, by Fei Zhou et al., FAQ on COVID-19 Impact on PC Financial Reporting, Second Edition, The Impact of the COVID-19 Pandemic on Public Pension Plans, Impact of COVID-19 on Pension Plan Actuarial Experience and Assumptions, Including Mortality, FAQ on COVID-19 Impact on PC Financial Reporting, FAQs on COVID-19’s Potential Impact on Medicaid and Medicaid Managed Care Organizations, FAQs on COVID-19 and Its Effects on Health Spending and Health Insurance, Letter to the IRS Requesting Leniency on Deadline for Multiemployer Pension Plan Certifications, Academy Presentation to the NAIC’s Center for Insurance Policy and Research (CIPR) on Pandemics. You can find a summary of these measures below. Members of the American Academy of Actuaries may use this form to suggest additions to our resources page, our FAQs, potential COVID-19-related webinar topics, or other issues we might want to investigate. Update on COVID19 for students booked onto April 2020 exams, ARC Research Webinar: Behavioural Finance, An update from the IFoA’s Covid-19 Action Taskforce [ICAT] Risk Management workstreams, Presidential Speaker Series - The New Long Life, Pensions: Actuarial Factors used to Calculate Benefits in UK Pension Schemes, Winter Thought Leadership Lecture with Vicky Pryce, Professional Skills Training Webinar - 9 February 2021, Presidential Speaker Series - Sarah Gordon, CEO, Impact Investing Institute. IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann. The Society of Actuaries (SOA) is actively monitoring the outbreak of COVID-19 and will keep our members and candidates updated of any changes in our meetings, events and exams. Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. Information and guidance surrounding the spread of the coronavirus virus (COVID-19) is fluid and changing rapidly. For the April examinations, we have introduced some additional online examinations. The American Academy of Actuaries knows that actuaries and the general public are looking for resources related to COVID-19. He also sits on the boards of Singapore University of Social Sciences, Sim Kee Boon Institute of Financial Economics (SMU), LSE Trust (Singapore), Singapore School of the Arts and various boards of the Institute and Faculty of Actuaries (UK). All rights reserved. Announcement: SOA releases Fall 2020 ERM, FSA, LTAM, EA2F, and P exams passing candidate numbers . Institute of Actuaries of India(IAI) IAI is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation of profession of Actuaries in India. Specific skill sets that are unique to the profession are: A professional and (as much as possible) independent outlook. Influence. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs. With the now world-wide spread of the Coronavirus and its far-reaching implications, confusion and disinformation can spread as quickly as the virus itself, leaving a vacuum needing to be filled with facts and clarity. Substantial undocumented infection facilitates the rapid dissemination of novel coronavirus (SARS-CoV2), by Ruiyun Li, Sen Pei, Bin Chen, et al. By Steve Schumacher, FSA, MAAA Read the report Prior to RGA completing its first Post Level Term lapse and mortality study with the SOA in 2009, a wide range of assumptions was in use by actuaries with little industry-wide late-duration level term experience available to compare against. The COVID-19 pandemic has also accelerated the already underway shift to digital channels, including a renewed appreciation for algorithmic underwriting. The Institute of Actuaries of India (IAI) has extended the last date for Actuarial Common Entrance Test (ACET) registration to December 15, 2020 till 3pm. The test will take place on January 9, 2021. COVID-19 Actuaries Response Group | 5,376 followers on LinkedIn. This is a time of crisis for the world and the Australian community. Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. The IFoA has now activated effective business continuity planning to ensure we continue to deliver for our members throughout this period of heightened awareness. As actuaries, we seek to be reliable sources of research, information, analysis and advice to the stakeholders of our work. However, we will continue to keep the situation under review and consider whether further steps around CPD compliance are necessary. The IFoA offices in Edinburgh, London, Oxford, mainland China and Singapore remain closed. By providing links to other sites, the American Academy of Actuaries does not guarantee, approve, or endorse the information or products that may be available on these sites. The most visceral and public reactions to COVID-19 may come from news reports about the strain on our health care system … Academy members can now view slides and audio from the Academy's April 28 webinar, Cross-Practice COVID-19 Update. The IFoA’s Actuarial Review Team has published its first thematic review, which looked at the actuarial advice given by scheme actuaries to UK pension scheme trustees on setting transfer values and commutation rates. Read the latest news and search through our collection of publications and documents. How COVID-19 affects your job search and what you can do Visit the Society of Actuaries (SOA) Member page to register for professional development events, read the latest actuarial news, and find volunteer opportunities and jobs with employers around the world. Institute and Faculty of Actuaries Blog Search. COVID-19 has threatened to impede the global cooperation needed to tackle a vast array of heightened risks over the next decade, the World Economic Forum (WEF) has warned today. The 2019/2020 CPD Scheme will be extended for a two month period, due to the proposed changes to the CPD Scheme, which we are currently consulting on. COVID-19 Hub. Articles written by the members of the Actuaries Institute are intended to provide an actuarial perspective and not a medical one. What is the evidence that “behavioural” factors, such as human psychology, company culture, corporate politics and conflicts of interest, cause institutional investors to deviate from optimal behaviour? Professor Peter Ayton (Leeds University Business School) presents his findings from the first extensive research programme conducted into the decision making processes of pension fund trustees. Coronavirus (COVID-19) National lockdown: stay at home ... Mr K Hirani v Institute and Faculty of Actuaries and Others: 2203743/2013 and Others Employment Tribunal decision. Despite some of the most severe restrictions ever endured by the UK, there has been an … Tan Suee Chieh is the President of the Institute and Faculty of Actuaries and a member of the Presidential Team (June 2019 to June 2022). In response to the ongoing pandemic situation, the Institute formed a COVID-19 Working Group, led by Jennifer Lang. We would request that examination and study enquires are made by e-mail. Understanding biases in trustee decision making. Although this means that many events will be cancelled or postponed, many are being reformatted as webinars or other forms of digital delivery. REVIEW. Instinctively, they knew that we face a global crisis of epic proportions, and we have to do what we can quickly, meaningfully and thoughtfully. This will mean that the 2019/2020 CPD reporting year will end on 31 August 2020, rather than the published date of 30 June 2020. As well as looking at the agenda this will set governments and corporates he will focus on the implications for you and how you prepare your future career. The Institute and Faculty of Actuaries (IFoA) is the UK's only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally. » PUBLICATIONS » CONSULTATION » SEEING BEYOND RISK . We will continue to keep this under review as guided by the UK and/or local governments as appropriate. Learn. Coronavirus (COVID-19) National lockdown: stay at home. The Actuaries Institute is committed to promoting the actuarial profession and is recognised as a source of authoritative, professional and independent comment for the financial services sector and non-traditional areas such as health, environment, climate change, genetics and information technology. For updates on CIA activities and operations during COVID-19, click here. As part of the IFoA's Covid-19 Action Task Force, a group of General Insurance actuaries have been studying the impact of Covid-19 and pandemic induced lockdowns on GI claims inflation and development. 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