International Actuarial Association

Infobox Organization
name = International Actuarial Association


size = 143
formation = 1895
headquarters = Ottawa, Canada
language = English, French
leader_title = President
leader_name = David G. Hartman
website = http://www.actuaries.org

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

History

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 from June 7-12, 1998, the General Assembly of the International Actuarial Association (IAA) restructured itself.

The restructure created a single unified framework to ensure unity of direction and efficient coordination with respect to issues of a world-wide 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.

ections

The IAA has seven sections, ASTIN, AFIR, IACA, IAAHS, PBSS, AWF and LIFE. The ASTIN Section stands for Actuarial STudies In Non-life insurance and was founded in 1957. However, the scope of its investigations has been enlarged recently so as to include health insurance. ASTIN publishes the ASTIN Bulletin, an internationally renowned referenced scientific journal, twice a year and organises annual colloquia. The AFIR Section stands for Actuarial Approach for FInancial Risks and was founded in 1988. It has as its objective the promotion of actuarial research in financial risks and problems and its most important function is the organizing of annual colloquia. The IACA Section stands for International Association of Consulting Actuaries and was founded in 1968, independently of the IAA, to facilitate international exchange of views between consulting actuaries. It was admitted as a section of the IAA in 1999. 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. 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. The Actuaries Without Frontiers Section (AWF) was also founded in 2003 to link situations in need of actuarial skills with financial resources and with actuarial volunteers to meet those needs. The LIFE Section 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.

Governance

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 IAA fiscal year is the calendar year, except for the financial year starting on July 1, 1998, which was for an 18-month period.

The Officers for the period January 1, 2008 to December 31, 2008 are:

David G. Hartman, President Katsumi Hikasa, President-Elect Hillevi Mannonen, Immediate Past President Yves Guérard, Secretary General

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 the chairpersons of the Committees and Sections.

Currently, the IAA has 58 Full Member associations, 23 Associate Member associations and 3 Institutional Member organizations. All fully qualified actuaries of Full Member associations are automatically individual members of the IAA by virtue of their membership in their respective associations, each of which is responsible for paying its membership in the IAA. All individual members can elect to join any Section of the IAA, which currently are ASTIN, AFIR, IACA, IAAHS, PBSS, AWF and LIFE by paying the required contribution.

Member associations

Full members:
* Professional Council of Economic Sciences of the City of Buenos Aires (Argentina)
* Institute of Actuaries of Australia
* Austrian Actuarial Society
* Royal Association of Belgian Actuaries
* Brazilian Institute of Actuaries
* Bulgarian Actuarial Society
* Canadian Institute of Actuaries
* Croatian Actuarial Association
* Cyprus Association of Actuaries
* Czech Society of Actuaries
* Danish Society of Actuaries
* Egyptian Society of Actuaries
* Estonian Actuarial Society
* Actuarial Society of Finland
* Institute of Actuaries of France
* German Actuarial Society
* Hellenic Actuarial Society (Greece)
* Actuarial Society of Hong Kong
* Hungarian Actuarial Society
* Society of Icelandic Actuaries
* Actuarial Society of India
* Society of Actuaries of Indonesia
* Society of Actuaries in Ireland
* Israel Association of Actuaries
* Italian Institute of Actuaries
* Institute of Actuaries of Ivory Coast
* Institute of Actuaries of Japan
* Japanese Society of Certified Pension Actuaries
* Latvian Actuarial Association
* Lebanese Association of Actuaries
* Lithuanian Actuarial Society
* Actuarial Society of Malaysia
* National Association of Actuaries (Mexico)
* Moroccan Association of Actuaries
* Actuarial Society of the Netherlands
* New Zealand Society of Actuaries
* Norwegian Society of Actuaries
* Pakistan Society of Actuaries
* Actuarial Society of the Philippines
* Polish Society of Actuaries
* Portuguese Institute of Actuaries
* Academy of Actuaries of Puerto Rico
* Serbian Association of Actuaries
* Singapore Actuarial Society
* Slovak Society of Actuaries
* Slovenian Association of Actuaries
* Actuarial Society of South Africa
* Spanish Institute of Actuaries
* Catalan Actuarial Association (Spain)
* Swedish Society of Actuaries
* Swiss Association of Actuaries
* Actuarial Institute of Chinese Taipei (Taiwan)
* Society of Actuaries of Thailand
* Faculty of Actuaries (United Kingdom)
* Institute of Actuaries ( [United Kingdom] )
* American Academy of Actuaries
* American Society of Pension Professionals and Actuaries
* Casualty Actuarial Society (United States)
* Conference of Consulting Actuaries (United States)
* Society of Actuaries (United States)

Associate members:
* Caribbean Actuarial Association
* Instituto Actuarial Argentino (Argentina)
* Association des Actuaires Beninois ( [Benin] )
* Aktuarsko Drustvo U Bosni I Hercegovini (Bosnia and Herzegovina)
* Institute of Actuaries – Cameroon (Cameroon)
* Instituto de Actuarios Matemáticos de Chile (Chile)
* Asociación Colombiana de Actuarios (Colombia)
* Association of Actuaries and Financial Analysts (Georgia)
* Actuarial Society of Ghana
* Actuarial Society of Kazakhstan
* Actuarial Society of Kenya
* Luxembourg Actuarial Association
* Macedonian Actuarial Association
* Asociacion Mexicana de Actuarios, A.C. (Mexico)
* Asociatia de Actuariat Din Moldova (Moldova)
* Nigerian Actuarial Society
* Asociación de Actuarios de Panamá (Panama)
* Romanian Actuarial Association
* Russian Guild of Actuaries
* Institute of Actuaries of Korea (South Korea)
* Actuarial Association of Sri Lanka
* Türkiye Aktüerler Dernegi (Turkey)
* Society of Actuaries of Ukraine
* Channel Islands Actuarial Society
* Actuarial Society of Zimbabwe

Institutional Members:
* International Accounting Standards Board
* International Association of Insurance Supervisors
* International Organisation of Pension Supervisors
* International Social Security Association

Observer Members:
* Organisation for Economic Co-operation and Development

Past Presidents

* Hillevi Mannonen - Finland (2007)
* Jean-Louis Massé - Canada (2006)
* Alf Guldberg - Sweden (2005)
* Luis Huerta - Mexico (2004)
* W. James MacGinnitie - USA (2003)
* Edward J. Levay - Israel/UK (2002)
* Morris W. Chambers - Canada (2001)
* Catherine Prime - Australia (2000)
* Jean Berthon - France (1998-1999)
* Walter S. Rugland^† - USA (1997-1998)
* Christopher Daykin^† - UK (1996-1997)
* Paul McCrossan^† - Canada (1995-96)
* André Lamens — Belgium (1988-1998)
* Henri Rijkers (1987-1988)
* Edouard Franckx (1967-1984)
* Albert Théate (1950-1964)
* Léon François (1946-1950)
* Amédée Bégault (1909-1946)
* Omer Lepreux (1896-1909)
* Léon Mahillon (1895-1896)

^†Chairmen of the International Forum of Actuarial Associations

Medallists of the IAA

* Hans Bühlmann - 2001 (Switzerland)
* Max Lacroix - 2001 (France)
* W. Paul McCrossan - 2008 (Canada)

External links

* [http://www.actuaries.org International Actuarial Association official website]