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This working party’s aim is to increase the use of vine copulas for modelling dependencies within the actuarial community. This will be done by providing examples showing how they are useful and providing details on how to use them in practice.

About

Chair: Paul Hewson and Tim Harrison
Established: 2025

This working party seeks to assess and shape the evolving role of actuarial teams by identifying industry-wide challenges, exploring strategic opportunities – including the integration of new technologies – and examining actual and potential career paths.

About

Chair: Sanjiv Sharma
Established: 2025

The working party will focus on the practical applications and implications of AI and machine learning in GI pricing and underwriting, and in producing useful tools and guidance to pricing actuaries looking to implement these concepts.

About

Chair: Edward Plowman
Established: 2025

The UK Asbestos Working Party investigates asbestos related claims based on UK market data, investigates trends and reacts accordingly.

The objectives of the UK Asbestos Working Party are to:

• collect UK insurance market data on a yearly basis for UK asbestos-related claims
• collect data relating to UK asbestos-related diseases, such as from the CRU, etc.
• compare trends in survey data against the AWP’s market estimates and react accordingly
• maintain contact with key individuals and organisations such as the HSE, Prof. Peto, etc.
• understand and respond to legal and/or industry developments affecting asbestos-related claims in the UK
• if a new market estimate is required to develop and make available, a population/insurance claim projection models for UK asbestos-related claims.

UK Asbestos Working Party data request

The UK Asbestos Working Party periodically carries out market surveys of insurance company UK-asbestos-related claims in order that they can estimate the future cost of UK asbestos-related claims to the insurance industry.

Download UK asbestos market survey to year-end 2025 (XLSX, 130 KB)

About

Chair: Andy Whiting
Established: 2010

This working party provides a forum for GI actuaries to discuss local and international GI issues impacting members in the region, as well as the opportunity to further research in specific regional issues.

There is an incredible amount of change in the international arena that will serve to keep GI actuaries around the world busy.

The effect of changes brought by the rapid development of emerging insurance markets or data analytics for example, are felt locally in our day-to-day work, but in many cases the ‘actuarial issue’ is commonly shared across international borders.

In recognition of the common issues impacting GI actuaries across borders, the IFoA has launched a GI international working party in the Asia region.

About

Chair: Sie Liang Lau and Yuan Tian
Established: 2016

The aim of this working party is to establish an enhanced actuarial framework for reserving and other actuarial practices sensitive to unstable operating environments. This framework will provide a collaborative approach between actuaries and other professionals, leveraging change diagnostics and integrating systems science principles, language philosophy, statistical process control, and actuarial methods.

About

Chair: Chris Smerald
Established: 2015

About

Chair: Lawrence Habahbeh
Established: 2022

This working party aims to comprehensively explore and produce pragmatic guidance on the challenges posed by claims inflation across all areas of actuarial involvement in general insurance.

About

Chair: Cian Creedon
Established: 2023

This working party aims to support reserving actuaries by:

• Promoting research relating to reserving for climate change.
• Providing a framework within which reserving actuaries can discharge their professional responsibilities and participate in meaningful conversations.
• Engage and inform those who wish to acquire an understanding of how climate change affects reserving.

About

Chair: Alex Marcuson
Established: 2022

The working party will investigate the transformative potential of blockchain technology in the insurance industry and the role that actuaries can play in that regard.

About

Chair: Aly Soliman
Established: 2024

With upcoming 2030 and 2035 targets for EV adoption, this working party will collaborate with industry experts to address critical questions around insurance affordability, vehicle repair and replacement, and how the insurance landscape will adapt as EVs become more widespread.

About

Chair: Mohammad Khan
Established: 2025

This working party will explore ways and help inform action to improve financial inclusion within the UK general insurance personal lines market.

About

Chair: Janet Baker
Established: 2025

This working party functions as a source of knowledge and expertise within the actuarial profession on matters relating to flooding, with a particular focus on the UK.

About

Chair: Richard Stock
Established: 2014

This working party aims to identify the practical use cases for new technology in general insurance, and the opportunities for actuarial involvement in developing and implementing them.

About

Chair: Edward Plowman
Established: 2019

This working party seeks to enable knowledge sharing and help develop best practice for managing casualty catastrophe risks. The reason for this area of focus is the recent regulatory attention, and the growing modelling capabilities available to insurers that were not available in years past.

About

Chair: Matthew Lewis
Established 2022

The General Insurance Machine Learning in Reserving Working Party (MLR WP) is a group of over 70 volunteers, bringing together a range of data scientists, actuaries and academics from around the globe.

When we started out in 2019, our premise was to find out why, whilst machine learning techniques are widespread in pricing, they are not being adopted ‘on the ground’ in reserving (certainly in the UK). Since then we have been working to help GI reserving actuaries develop data science skills, and are looking at ways that machine learning can be incorporated into reserving practice.

Workstreams

We have a number of different workstreams:

• Foundations – where do I start/how do I learn machine learning?
• Literature Review – we have reviewed over 60 papers and have highlighted a few of the best.
• Research – we are conducting a variety of research projects. We always aim to share the code so you can try it for yourself.
• Practical considerations – how to interpret ML models/explainability, how to deal with the issues reserving teams come across.
• Data – what data is available to develop ML techniques on?
• Survey – why has the uptake of machine learning in reserving been slow and what are UK and Canadian companies doing in-house (from 2020)?

For the most up-to-date information, our blogs, and more detail on the workstreams, please see our or join the conversation on our .

Contribute as a volunteer

We are open to new volunteers who have the time and enthusiasm to make a contribution. You don't have to be a member of the IFoA to join. If you would like to help us further the research and would like to collaborate with like-minded people, please see the for how to apply.

About 

Chair: Sarah MacDonnell
Established: 2019

The aim of this group is to develop a toolkit for pricing actuaries in the Lloyd’s/London market to enable them to better manage through the underwriting cycle.

About

Chair: James Anderson
Established 2025

This working party will be a source of knowledge and expertise within the actuarial profession on insurance from a public interest perspective relating to Ogden rate, periodical payment orders, third party, and other motor-related actuarial work.

It will lead on the General Insurance Board and IFoA response to the increasing interest in regulatory and consumer issues in motor insurance.

It will liaise with related working parties, including electric vehicles, Asia international, and machine learning in reserving.

About

Chair: Mohammad Khan
Established: 2025

This working party will investigate the key market risk drivers affecting insurers, where possible aiming to derive indices or metrics for key systemic risk factors.

GitHub:  

About

Chair: James Toller
Established: 2025

This working party will identify common pain points and potential improvements around the work of actuaries in the delegated underwriting space, including MGAs, carriers, brokers, consultants, and regulators. This will be done through interviews, surveys, and host discussions with stakeholders.

About

Co-chairs: Stephen Robertson-Dunn and Bharat Raj
Established: 2025

This working party seeks to evaluate the practical implications of Solvency II one year post-implementation and develop improvements for the PRA to consider in respect of this regulation.

About

Chair: Amrita Pattni
Established: 2016

This working party investigates emerging claim trends in third party motor insurance.

About

Chair: Katie Carmona
Established: 2009

This working party explores the governance and design of existing processes within reserving, ensuring that principles-based guidance (small ‘g’) is given.

The objectives of Towards the Optimal Reserving Process Working Party are to:

• investigate common practice within the reserving process and disseminate such information as required, ensuring practitioners are aware of such practices
• describe common issues relating to the reserving process and provide ideas around how to address these within the 'typical' reserving process
• consider emerging trends in reserving process requirements and identify potential ways to address these
• assist in making new reserving methods accessible to the wider Profession by providing practical steps to integrate them within existing reserving processes

About

Chair: William Diffey
Established: 2012