Dr David Hare FIA, President Elect of the Institute and Faculty of Actuaries Event

From Jacobites to Gigabytes - the changing role of actuaries in serving the public interest

The development of the first actuarially-based insurance and pension fund in the early 1740s set the scene for much of the actuarial thinking for the next 200 years.  In more recent times, we have seen significant developments in actuarial techniques in response to the increased challenges from product developments, economic developments and regulatory developments.  The softer skills of actuaries have also become more significant as the requirements on business leaders increase and new risk roles develop.  In this talk, David Hare will review these developments concerning actuaries and postulate what it will be like for actuaries working in a Solvency 2 world.

Speaker Biography

David Hare has over 26 years of experience in the insurance industry, starting his career with Scottish Mutual and then Abbey National.  In 1997 he moved to Standard Life, where he held a variety of roles in financial management and with profits, culminating in 5 years as Chief Actuary, UK & Europe and Actuarial Function Holder for Standard Life's European (including UK) insurance operations.  In May 2012 he joined Deloitte as a partner in their UK Life Actuarial practice.

He qualified as an actuary in 1988 and continues to be very active in actuarial professional circles.  A member of Faculty Council for many years in the past (including stints as Honorary Secretary and as a Vice President, as well as receiving a President's Award), he is currently a member of the Life Practice Executive Committee and one of the UK profession's representatives (Membre Suppléant) on the Groupe Consultatif Actuariel Européen, with a particular remit to represent the UK Actuarial Profession on life insurance issues.  In June 2012 he became President- elect of the Institute and Faculty.

He has authored a number of publications, including "A market-based approach to pricing with-profits guarantees" and "The realistic reporting of with-profits business". He has been a member of various industry committees and, from February 2010 until June 2012, he was a member of the Board of Actuarial Standards.  He is also an experienced conference speaker, both in the UK and abroad.

David is married with a ten year old son and is a keen musician and hill-walker.

The Worshipful Company of Actuaries

The Worshipful Company of Actuaries (WCA) is a Livery Company of the City of London. Established in 1979, the WCA supports and promotes the actuarial profession. Through its educational and charitable activities, it also brings awareness of the actuarial profession to a wider audience. Its Charitable Trust provides help and support to those in need, with an emphasis on making a difference in improving education, particularly in the area of mathematics. The WCA has broad links with several universities in the United Kingdom, and awards bursaries and prizes to students following actuarial science degree programmes.