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Contents 18
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14 UP FRONT 9 IFoA news
“We cannot recognise the full value of diversity and celebrate differences if we are not comfortable recognising and talking about these in the first place”
FEATURES AT THE BACK 18 Insurance: Group risk masterclass 34 Student
The latest news, updates and events from the Institute and Faculty of Actuaries
Katharine Moxham highlights the opportunities and challenges for the group risk protection market
Follow your own path, says Joseph Mills
35 Puzzles Cryptic crossword and Mensa puzzles
21 Risk: When culture goes wrong What can we learn from financial scandals of the past? Paul Harwood explains
Richard Purcell asks what the requisites are to create the best performing team
38 Appointments and moves 22 Life: The long game Michael Ortmann discusses what it takes to prolong the longevity trend
5 Letters Readers on defined benefit schemes, endowment policies and discount rates
7 President’s comment Colin Wilson focuses on the strategic issues that will shape the profession
8 CEO’s comment Derek Cribb on the IFoA’s continued professionalism training opportunities
13 Soapbox: Hamish Wilson An update from the Protection, Health and Care conference
36 People/society news
26 Solvency II: Methods for mergers Ed Morgan and Jeremy Kent describe a valuation methodology for insurance merger and acquisition transactions
38 Actuary of the future Kirsty Moffat, Hymans Robertson
THE ACTUARY ONLINE
29 Insurance: Post-Brexit matching adjustment The IFoA Matching Adjustment Working Party looks to the future
32 Technology: Actuaries in the age of artificial intelligence Ben Pring explains how artificial intelligence is likely to change every aspect of the insurance industry
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COVER ILLUSTRATION: ELISABETH MOCH
OPINION 4 Editorial
April 2017 • THE ACTUARY 3 www.theactuary.com
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