CONTENTS

•  IAA Meetings in Sydney / Last chance to register for the Virtual ICA
•  Young Actuaries World Cup – It’s time to Vote!
•  Banking Virtual Forum Webinar: Banking Crisis 2023
•  IAA Public Submissions
•  Upcoming Section Webinars
•  Actuarial, Finance, Risk, & Insurance Conference: AFRIC 2023

IAA Meetings in Sydney / Last chance to register for the Virtual ICA

The meetings in Sydney are finally upon us!

 ·         If you are registered to attend in person, you will shortly receive helpful instructions related to the meetings – please refer to this documentation in case of questions.

·         All agendas (except for limited attendance sessions), including Zoom links for virtual participants, have been posted on our various platforms: Mobilize Community, our Sydney meeting website and the IAA website.

·         For those attending virtually, we also encourage you to register for these two sessions of interest:

Ø  IAA Town Hall – REGISTER HERE

Ø  Special Discussion with Jonathan Dixon (IAIS) – REGISTER HERE

Young Actuaries World Cup – It’s Time to Vote!

 We are now at the stage of selecting the winner of the Young Actuaries World Cup and we would like to ask you to submit a vote for the finalist that you think should win the competition. The World Champion Announcement will take place on May 31 during ICA Closing Ceremony!

 When making your decision please consider the following criteria, you can give the same weigh to each one of the points below:

·         Creativity

·         Originality of topic or approach

·         Relevance to the actuarial profession

·         Future looking

If you have not seen the videos from the finalists, you can select the links in the survey. The survey will be open until Sunday May 28th.

Banking Virtual Forum Webinar: Banking Crisis 2023

 The IAA's Banking Virtual Forum invites you to join the upcoming webinar titled: Banking Crisis 2023

 A panel of actuaries will discuss the banking crisis of 2023. They will identify the causes of this year’s banking crisis and will consider how these causes are similar to or different from the causes of the banking crisis of 2008. They will also discuss possible changes to banking regulations to address shortcomings which have become apparent this year.

 The panel will then seek to identify specific ways in which actuaries might be able to contribute to the avoidance of banking crises, focusing on areas where the ability of actuaries to make effective contributions is likely to seem credible to banks and banking regulators. Input from attendees will be welcome, either during the webinar or afterwards. After the webinar, a short paper will be written for inclusion in actuarial magazines.

 Related article from the Chair of the Banking Virtual Forum in ASSA’s E-Magazine.  

 REGISTER HERE  / SHARE ON LINKEDIN 

IAA Response - IAIS Consultation on Climate Risk

With reference to the Notice of Public Submission announced in the 19 April 2023 IAA news brief,  we are please to inform you that the IAA submitted comments to the International Association of Insurance Supervisors (IAIS)  consultation on climate risk, the first in a package of three consultations aimed at promoting a globally consistent supervisory approach to address climate-related risks in the insurance sector.  

The IAA response prepared by the Insurance Regulation Committee with input from the IAA Climate Risk Task Force (CRTF) , was submitted on 15 May 2023, via the IAIS’s online submission tool and is posted on the IAA website under PUBLICATIONS/ PUBLIC STATEMENTS (please click here).

 IAA Response - International Financial Reporting Standards Interpretations Committee (IFRIC) consultation on their tentative agenda decision regarding Premiums Receivable from an Intermediary (IFRS 17 and IFRS 9)

With reference to the Notice of Public Submission announced in the 19 April 2023 IAA news brief,  we are please to inform you that the IAA submitted comments to the IFRIC  consultation on 18 May 2023.  

The IAA response prepared by the Insurance Accounting Committee (IAC) is posted on the IAA website under PUBLICATIONS/ PUBLIC STATEMENTS (please click here).

IAA Response - OECD’s draft Recommendation on Building Financial Resilience to Disaster Risks

With reference to the Notice of Public Submission via e-mail dated 9 May 2023,  we are please to inform you that the IAA submitted comments to the OECD  consultation on the draft Recommendation on Building Financial Resilience to Disaster Risks.

The IAA response prepared by the Insurance Regulation Committee with input from the IAA Climate Risk Task Force (CRTF) , was submitted on 18 May 2023, and is posted on the IAA website under PUBLICATIONS/ PUBLIC STATEMENTS (please click here).

Upcoming Section Webinars

 Please share the information below with your followers on LinkedIn.

• June 12, 2023 8:00 AM (EDT) - PBSS Webinar: Behavioural explanations and solutions to the reluctance of retirees to drawdown wealth – REGISTER HERE
• June 13, 2023 10:00 AM (EDT) - ASTIN Webinar : Tail index partition-based rules extraction with application to tornado damage insurance – REGISTER HERE

Actuarial, Finace, Risk, & Insurance Conference: AFRIC 2023

AFRIC has been designed to be a premier Actuarial Science academic conference which will be rotationally hosted across #Africa, bringing together academics and practitioners with research interests across all specialty areas of #actuarialscience, #riskmanagement and #financial system regulation. Key topical areas including climate extremes, longevity risk, pensions and insurance regulations among others form part of the AFRIC agenda.

Event details: 23-28 July 2023, 8h00 – 16h30
Venue: Elephant Hills, Victoria Falls, Zimbabwe
https://lnkd.in/eVmhDBKz
Register NOW: https://lnkd.in/eg8w8xYu
Detailed conference information : https://bit.ly/403lIph