In this blog the Deputy Government Actuary Colin Wilson examines growing calls for the government to appoint a Chief Risk Officer. He looks at these and other calls for reassessments as to whether the UK is sufficiently prepared to address extreme risks.
Climate change is at the fore of sustainable finance which can be thought of as the integration of environmental, social and governance factors into lending and investment. This blog investigates the challenges around these issues.
In this blog, we talk about how we’ve been using statistical techniques and actuarial skills to analyse instances of fires in schools. This then allows us to better understand and model them.
As delegates from around the world gather in Glasgow for the COP26 climate change conference, GAD looks at what is set to be debated and what the conclusions could mean for our clients.
We look at the challenges and benefits of algorithms used by government on a daily basis. They are used in decision-making processes and these decisions can have an impact on our lives. In this blog we examine how the pandemic has given the government the impetus to test the art of the possible.
This blog looks at how inflation was affected over the pandemic and the outcome of a consultation to reform the UK’s longest standing measure of inflation, the Retail Price Index.
In GAD, modelling is a core part of our work. We use it to ‘chart plausible futures.’ In this guest blog, Michael Hodge, the Head of Automation and Technology at the Office for Statistics Regulation talks about using the Code of Practice for Statistics to develop a new socio-technical guidance for modelling.
This month we consider why negative interest rates might be chosen and what might happen as a result. In looking at the lowdown, we also examine the impact of negative interest rates and what these mean for consumers and for the banking industry.
After the end of 2021, the LIBOR rate, which used to price many financial instruments, will cease to be published. This blog looks at SONIA, the UK replacement, and the transition from LIBOR to SONIA.
In the event of a disaster, it is vital to act quickly. To maximise humanitarian impact, we need to make the most efficient use of the funds available. In this blog, we examine how understanding the underlying risks can enable humanitarian organisations to do more with less.