Gerard is an actuary

at the Bank of England with considerable experience in both the life insurance and pensions sectors.

At the PRA Gerard Farmar leads or participates in Solvency II / Solvency UK internal model and internal model change approvals, and lead or have been involved in specialism work in diverse areas such as model dependency structures, market risk models, credit models, ERMs, modelling, longevity risk and pensions risk. Gerard has helped develop the policy on and project manage the publication of PRA consultation papers.

Gerard’s previous experience is in pensions, benefits and insurance, including the following areas:

• In-house benefit manager work.

• Actuarial consulting to defined benefit schemes

• Executive share and option plan accounting under IFRS2 and plan design.

• GI claim reserve calculations and reporting.

• Embedded value calculations.

• Actuarial support to auditors

• Mortality experience investigations.

• Medical scheme contribution and plan design reviews.

Gerard has published a peer-reviewed paper in a journal on the graduation of mortality rates using splines entitled “deficiencies in the theory of free knot and variable knot spline graduation methods with specific reference to the ELT14 Males graduation” in the SAAJ.

Gerard’s LinkedIn profile can be found here: https://www.linkedin.com/in/gerard-farmar-012b881?utm_source=share_via&utm_content=profile&utm_medium=member_ios