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International Actuarial Association

From Wikipedia, the free encyclopedia
International Actuarial Association
Formation1895
HeadquartersOttawa, Canada
President
Charles Cowling
Websitewww.actuaries.org/iaa

The International Actuarial Association (IAA) is a worldwide association of local professional actuarial associations.

History

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The IAA is the continuation of the Comité Permanent des Congrès d’Actuaires, established in 1895, as an association of individuals. It was renamed the IAA in 1968. At the 26th International Congress of Actuaries, held in Birmingham on 7–12 June 1998, the General Assembly of the International Actuarial Association restructured itself.

The restructure created a single unified framework to ensure unity of direction and efficient coordination with respect to issues of a worldwide nature. The major responsibilities of the IAA are now in the hands of the actuarial associations, which bring together the actuaries in their respective countries and is the link between the actuaries and the actuarial associations worldwide. The IAA is the unique international organization dedicated to the research, education and development of the profession and of actuarial associations.

Sections

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The IAA has six sections, AFIR-ERM, ASTIN, IAAHS, IAALS, IACA, PBSS.

Actuarial Approach for Financial Risks

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The Actuarial Approach for Financial Risks (AFIR-ERM) section and was founded in 1988. It has as its objective the promotion of actuarial research in financial risks and enterprise risk management, and its most important function is the organizing of annual colloquia.

Actuarial Studies In Non-Life Insurance

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The Actuarial Studies In Non-life insurance (ASTIN) section was founded in 1957. ASTIN organises annual colloquia and jointly publishes with the other sections, the ASTIN Bulletin, an internationally renowned referenced scientific journal.

International Actuarial Association Health Section

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The International Actuarial Association Health Section (IAAHS) was founded in 2003 to provide an international perspective on health actuarial practice, public and private health insurance, and health policy matters.

International Actuarial Association Life Section

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The International Actuarial Association Life Section (IAALS) has as its objectives to promote and facilitate an international exchange of views, advice, research and practical information among actuaries involved with life insurance issues.

International Association of Consulting Actuaries

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The International Association of Consulting Actuaries (IACA) is the consulting section of the IAA.

The IACA first met in 1960, and was formally constituted in 1968.[1] It held international meetings every other year to consider issues of concern to consulting actuaries. Much of the impetus for early meetings was stimulated by Max Lander and Geoffrey Heywood, who continued to play a prominent role in the Association for many years and were elected Emeritus Members of its Committee in 1976.

In 1999, following a restructuring of the IAA, the IACA was admitted as the consulting section of the IAA.

Pensions, Benefits and Social Security

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The Pensions, Benefits, Social Security Section (PBSS) was founded in 2003 to serve actuaries around the world who have personal, professional, educational or research interests in social protection and the commercial, social and public policy issues concerning the provision of pensions and other benefits.

Governance

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The IAA Council comprises the President whose term of office is one year, the officers and one delegate per full member association and one delegate per section. The committees and the council normally meet twice a year in different countries.

The Officers for the period January 1, 2024 to December 31, 2024 are:

  • Charles Cowling, President
  • Bozenna Hinton, President-Elect
  • Micheline Dionne, Immediate Past President

The Council elects an Executive Committee to coordinate activities and operations, and propose strategies, budgets, membership fees and Council meeting venues. The President chairs the Executive Committee, which comprises the Officers and 8 elected at-large members.

Member associations

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Currently, the IAA has 73 full member associations, 26 associate member associations, six partners organisations and 3 patrons. All individual actuaries can elect to join any section of the IAA, which currently are ASTIN, AFIR-ERM, IACA, IAAHS, IAALS and PBSS by paying the required contribution.

Full members

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Associate members

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Partners

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Observers

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Actuaires du Monde

Patrons

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Publications

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  • ASTIN Bulletin - The Journal of the International Actuarial Association (ISSN 0515-0361)
  • Stochastic Modeling – Theory and Reality from an Actuarial Perspective (ISBN 978-0-9813968-2-8)
  • Discount Rates in Financial Reporting A Practical Guide (ISBN 978-0-9813968-3-5)
  • Risk Adjustments for Insurance Contracts Under IFRS 17 (ISBN 978-0-9813968-4-2)

Past presidents

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  • 1895-1896 - Léon Mahillon
  • 1896-1909 - Omer Lepreux
  • 1909-1946 - Amédée Bégault
  • 1946-1950 - Léon François
  • 1950-1964 - Albert Théate
  • 1964-1984 - Edouard Franckx
  • 1987-1988 - Henri Rijkers
  • 1988-1998 - André Lamens
  • 1995-1996 - Paul McCrossan†
  • 1996-1997 - Christopher Daykin†
  • 1997-1998 - Walter S. Rugland†
  • 1998-1999 - Jean Berthon
  • 2000 - Catherine M. Prime
  • 2001 - Morris W. Chambers
  • 2002 - Edward J. Levay
  • 2003 - W. James MacGinnitie
  • 2004 - Luis Huerta
  • 2005 - Alf Guldberg
  • 2006 - Jean-Louis Massé
  • 2007 - Hillevi Mannonen
  • 2008 - David G. Hartman
  • 2009 - Katsumi Hikasa
  • 2010 - Paul N. Thornton
  • 2011 - Cecil D. Bykerk
  • 2012 - Desmond K. Smith
  • 2013 - Kurt Wolfsdorf
  • 2014 - Robert L. Brown
  • 2015 - Frederick Rowley
  • 2016 - Malcolm Campbell
  • 2017 - Thomas S. Terry
  • 2018 - Masaaki Yoshimura
  • 2019 - Gábor Hanák
  • 2020 - Tonya B. Manning
  • 2021 - Jan Kars
  • 2022 - Roseanne Harris
  • 2023 - Micheline Dionne

†Chairmen of the International Forum of Actuarial Associations

Medallists of the IAA

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References

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  1. ^ "IACA History and Mission". International Actuarial Association. Retrieved 2019-03-11.
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