The IFoA carries out regular thematic reviews and information gathering exercises looking at topics, roles, and/or areas of work relevant to actuaries. This involves reviews of how work is carried out in practice by actuaries, including a review of the work itself.
Outputs of these reviews and exercises explain and present the scope of the reviews as well as provide relevant analysis, findings, and/or recommendations.
The IFoA Review Team has published its ninth report Actuaries managing Cyber Risk.
The aim of our thematic review is to highlight examples of where actuaries are involved in working with cyber risk, either periodically through risk management activities, or day-to-day, where actuaries may be pricing experts providing products to the market.
To support the publication of the report, we are hosting a webinar to explore the key findings on Tuesday 28 January 2025 from 09:00 to 10:00 GMT. The webinar is free to all IFoA members.
The report author Alan Marshall, IFoA Review Actuary, said: “Cyber risk is all around us, both in a professional context and more widely in our day-to-day lives. The financial system, and wider society needs such as health and security, relies heavily on the ongoing robustness of information security and in turn operational resilience. This presents an opportunity for actuaries to use technical and domain skills to extend influence in this field of work.
“Thank you to everyone who has taken part and given time to our review. This has undoubtedly helped us in assessing relevant findings to support both our members and the regulatory activity of the IFoA. I hope the findings and conclusions are of interest to a wide audience and we look forward to ongoing discussions and debate in this exciting field.”
Pensions: actuarial factors used to calculate benefits in UK pension schemes
For more information please contact the Actuarial Review Team
Level 2, Exchange Crescent · 7 Conference Square · Edinburgh · EH3 8RA
