Articles - IFoA comments on changes announced in Autumn Statement


 Nick Salter, President of the Institute and Faculty of Actuaries (IFoA) comments on the measures announced in today’s Autumn Statement.

 “The IFoA sees the announcement on flood and coastal defence schemes as a positive step toward improving flood resilience. The long term affordability of flood insurance will ultimately depend in part on the extent of investment in national flood defences and its ability to materially reduce the extent of flooding and associated damage. We would hope that the investment strategy will include surface flooding which has been a major cause of flood damage in recent years and that it will manage the risks associated with future development on flood plains.

 “Flood defences will be even more important over the long term with the potential consequences of climate change and the increase in extreme weather events. Our Resource and Environment Board and Climate Change Working Party will be looking at how actuarial science can assist policy makers to respond to these challenges.”
  

Back to Index


Similar News to this Story

Closing the net on ghost brokers with email intelligence
As households face the biggest economic squeeze in generations , finding ways to cut the cost of everyday but essential living expenses such as moto
10 Plus C level Claims Executives share their insights
C-level claims executives from Arch, Aviva Canada, Berkley Mid-Atlantic Group and SageSure have just been announced as speakers for Intelligent Insure
Recycling knowledge to fuel green investments
Thursday is ‘bin night’ in my household. A day not to be forgotten if I want to avoid overflowing bins for the next week. It is also the weekly opport

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.