Natural catastrophes caused massive losses in 2023 & more…Keep up with what has been happening this week in our latest IP news round-up…

Natural catastrophes caused massive losses in 2023

Global economic losses from natural catastrophes reached $380bn in 2023, with insured losses topping $118bn, according to the latest research from Aon.

PPF partners with Aviva Master Trust on hybrid schemes

Aviva has announced today it has been selected by the Pension Protection Fund (PPF) to provide a defined contribution (DC) solution for its hybrid schemes.

Governance reforms and the future of Council

In December, following one of the largest member engagement programmes in our history, Council voted on a revised package of governance reforms. These seek to align the IFoA with best practice on corporate governance while ensuring our organisation continues to be led by actuaries.