%PDF-1.5
%
1 0 obj<>
endobj
2 0 obj<>
endobj
3 0 obj<>
endobj
5 0 obj null
endobj
6 0 obj<>
endobj
7 0 obj<>
endobj
8 0 obj<>>>
endobj
9 0 obj<>
endobj
10 0 obj<>]/C/SpdrArt/P 9 0 R/S/Article/Pg 11 0 R>>
endobj
11 0 obj<>/ProcSet[/PDF/Text]>>/StructParents 0>>
endobj
12 0 obj<>
endobj
13 0 obj[10 0 R]
endobj
14 0 obj<>/ProcSet[/PDF/Text]>>/StructParents 1>>
endobj
15 0 obj[10 0 R]
endobj
16 0 obj<>
endobj
17 0 obj<>
endobj
18 0 obj<>
endobj
19 0 obj<>
endobj
20 0 obj<>
endobj
21 0 obj 4410
endobj
22 0 obj<>stream
/Artifact <>BDC
0 0 0 rg
0 i
BT
/T1_0 1 Tf
0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 9 0 0 9 18 780.17 Tm
(26th International Congress of Actuaries - Opening Ceremony - Yves Gu\351\
rard)Tj
ET
EMC
/Article <>BDC
q
0 18 612 756 re
W* n
BT
/TT0 1 Tf
16.15384 0 0 16.15384 151.78569 731.83199 Tm
(26)Tj
12.92308 0 0 12.92308 169.74876 735.96736 Tm
(th)Tj
16.15384 0 0 16.15384 181.94815 731.83199 Tm
( International Congress of Actuaries)Tj
12.92308 0 0 12.92308 198.63507 715.12476 Tm
(Opening Ceremony - Yves Gu\351rard)Tj
5.0954 -1.31026 Td
(8)Tj
10.33846 0 0 10.33846 271.66855 701.50052 Tm
(th)Tj
12.92308 0 0 12.92308 281.42805 698.1922 Tm
( June 1998)Tj
1.76241 -2.67024 Td
( )Tj
/TT1 1 Tf
-22.76576 -2.69734 Td
(Merci Monsieur le Pr\351sident,)Tj
0 -1.2 TD
(Distingu\351s Invit\351s, chers coll\350gues)Tj
0 -2.67024 TD
(It is customary for the Secretary General to present the Vice Presidents\
and the Secretaries of the )Tj
0 -1.2 TD
(Congress. Thanks to the better technology put at work by our British col\
leagues, I need not impose on )Tj
T*
(you the reading of these two lists but merely direct your attention to t\
he screen where they will all )Tj
T*
(appear, better spelled than I could pronounce them.)Tj
0 -2.67023 TD
(While technology is working on my behalf, I would like to use my slot in\
the program to share with you )Tj
0 -1.2 TD
(a few actuarial thoughts. Seven years ago, we were in Montr\351al for th\
e 24th International Congress )Tj
T*
(and I still recall how nervous but also how proud we, Canadian actuaries\
, were to host it. Then we )Tj
T*
(were in Belgium for the 25th Congress which coincided with the Centenary\
of the International )Tj
T*
(Actuarial Association founded in 1895 in Brussels. This year, our Congre\
ss coincide also with a very )Tj
T*
(important anniversary, the sesquicentenary of the oldest actuarial body \
in the world, for the Institute of )Tj
T*
(Actuaries was founded in London on July 8, 1848.)Tj
0 -2.67024 TD
(On behalf of the IAA, I have the honour to congratulate the Institute of\
Actuaries on this )Tj
0 -1.2 TD
(sesquicentenary and wish them in advance of July 8th, a very happy birth\
day. The IAA has also )Tj
T*
(delivered its anniversary gift in advance, last Thursday, directly to St\
aple Inn, in the form of a bust of )Tj
T*
(George King, a prominent member of the Institute born in 1846 who left u\
s in 1932. We had selected )Tj
T*
(George King amongst other meritorious actuaries and prolific authors in \
the actuarial field, because as )Tj
T*
(a participant at the 2nd International Congress held in London exactly 1\
00 years ago, he successfully )Tj
T*
(promoted the adoption of the universal actuarial notation which has serv\
ed us well until this day. )Tj
0 -2.67024 TD
(We are indebted to the Institute for many other significant contribution\
s. We all know how important the )Tj
0 -1.2 TD
(legal recognition of the profession is; we enjoy that status in Canada b\
ut it is the UK that created the )Tj
0 -1.2 TD
(precedent. The Institute is clearly a pro-active voice trusted by its Go\
vernment. As early as 1853, )Tj
0 -1.2 TD
(Actuary Finlaison argued the case in front of a Commons Select Committee\
. This led to the Life )Tj
T*
(Insurance Companies Act of 1870 and a series of Laws that enhanced the l\
egal recognition of the )Tj
T*
(actuarial profession, with the Pension Act of 1995 closing the gap in th\
e pension field.)Tj
0 -2.67024 TD
(There was a body of actuarial science before 1848 with contributors from\
many countries in addition to )Tj
0 -1.2 TD
(the UK and Scotland: France, Netherlands, Germany, Sweden, Switzerland, \
Denmark to name a few. )Tj
T*
(But the creation of the Institute helped unite pioneering works and crea\
te a dedicated literature. With )Tj
T*
(the Institute came an educational system and an examination model was cr\
eated as early as 1850. )Tj
T*
(This education and examination system has enjoyed wide recognition with \
the FIA or FFA designations )Tj
T*
(becoming recognised in many countries around the world as the mark of a \
well qualified actuary. The )Tj
ET
EMC
/Artifact <>BDC
Q
BT
/T1_0 1 Tf
9 0 0 9 18 7.17 Tm
(file:///Z|/IAA/IAA_Web_Site/site/EVENTS/congresses/Birmingham/TMP284sw5a\
1c4.htm \(1 of 2\)08/10/2004 9:45:57 AM)Tj
ET
EMC
endstream
endobj
23 0 obj 3396
endobj
24 0 obj<>stream
/Artifact <>BDC
0 0 0 rg
0 i
BT
/T1_0 1 Tf
0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 9 0 0 9 18 780.17 Tm
(26th International Congress of Actuaries - Opening Ceremony - Yves Gu\351\
rard)Tj
ET
EMC
/Article <>BDC
q
0 18 612 756 re
W* n
BT
/TT0 1 Tf
12.92308 0 0 12.92308 10 754.94014 Tm
(Institute has generously supported overseas actuarial education programs\
in less actuarially )Tj
0 -1.2 TD
(developed countries. )Tj
0 -2.67024 TD
(Amongst other initiatives of our British colleagues which have advanced \
the actuarial science, I will )Tj
0 -1.2 TD
(mention the Mortality investigations launched in 1923, the Investment In\
dices analysis since 1928 and )Tj
T*
(the FT-Actuaries indices since 1962. The rich intellectual contribution \
of the Institute has not only )Tj
T*
(enriched the body of knowledge of the profession in the UK but has inspi\
red initiatives in other )Tj
T*
(countries thus contributing to the quality and the credibility of actuar\
ial advice around the world.)Tj
0 -2.67023 TD
(The UK pioneered another concept central to the professional role of the\
Actuary, that of Appointed )Tj
0 -1.2 TD
(Actuary, introduced in the Insurance Companies Act of 1974. This concept\
has spread to Canada and I )Tj
T*
(believe to a few other countries. I refer you to the national reports su\
bmitted to this Congress and )Tj
T*
(published in Volume 2 of the Transactions, for a more complete inventory\
of the seminal influence of )Tj
T*
(many successes of the British actuaries.)Tj
0 -2.67024 TD
(The UK is one of the founding countries of the IAA and has played contin\
uously a leadership role in the )Tj
0 -1.2 TD
(international actuarial organisations be it ASTIN, AFIR, Le Groupe Consu\
ltatif or more recently the )Tj
T*
(Forum. This leadership has been obvious in the quality and the dedicatio\
n of so many actuaries from )Tj
T*
(the UK that have devoted number of hours, I should say days and weeks, t\
o the advancement of the )Tj
T*
(profession, its recognition by other professions and by international or\
ganisations. )Tj
0 -2.67024 TD
(But I wish to offer you another challenge: I remain disappointed by the \
low level of recognition of the )Tj
0 -1.2 TD
(need for actuaries by major international lending institutions such as t\
he IMF, the World Bank, the )Tj
0 -1.2 TD
(Asian Development Bank and others who spend billions around the world to\
help resolve what has )Tj
T*
(been called "the old age crisis". They need to be convinced that Actuari\
es are THE professional )Tj
T*
(managers of the financial consequences of uncertainty, experts in dynami\
c solvency who could guide )Tj
T*
(them towards better solutions, adapted to each country economic and demo\
graphic balance, designed )Tj
T*
(to be sustainable in the long term. )Tj
0 -2.67024 TD
(This 26th Congress is the 4th IAA International Congress to be organised\
by our British colleagues, )Tj
0 -1.2 TD
(100 years after the one they hosted in 1898. Thank you for hosting this \
Congress here this year and )Tj
T*
(thank you for having given so much, for so long, to our profession.)Tj
ET
EMC
/Artifact <>BDC
Q
BT
/T1_0 1 Tf
9 0 0 9 18 7.17 Tm
(file:///Z|/IAA/IAA_Web_Site/site/EVENTS/congresses/Birmingham/TMP284sw5a\
1c4.htm \(2 of 2\)08/10/2004 9:45:57 AM)Tj
ET
EMC
endstream
endobj
25 0 obj(26th International Congress of Actuaries - Opening Ceremony - Yves Gurard)
endobj
26 0 obj<>
endobj
27 0 obj<>
endobj
28 0 obj<>
endobj
29 0 obj<>
endobj
30 0 obj[27 0 R]
endobj
31 0 obj(file:///Z|/IAA/IAA_Web_Site/site/EVENTS/congresses/Birmingham/TMP284sw5a1c4.htm)
endobj
32 0 obj(ݏk}т)
endobj
33 0 obj<>
endobj
34 0 obj<>
endobj
35 0 obj(>AsN)
endobj
36 0 obj<>
endobj
37 0 obj<>
endobj
38 0 obj<>
endobj
39 0 obj<>
endobj
40 0 obj<>
endobj
41 0 obj<>stream
26th International Congress of Actuaries - Opening Ceremony - Yves Guérard
endstream
endobj
xref
0 42
0000000004 65535 f
0000000016 00000 n
0000000143 00000 n
0000000201 00000 n
0000000000 00001 f
0000000401 00000 n
0000000421 00000 n
0000000487 00000 n
0000000587 00000 n
0000000631 00000 n
0000000678 00000 n
0000000771 00000 n
0000000962 00000 n
0000001006 00000 n
0000001030 00000 n
0000001210 00000 n
0000001234 00000 n
0000001324 00000 n
0000002501 00000 n
0000002675 00000 n
0000003848 00000 n
0000004016 00000 n
0000004037 00000 n
0000008500 00000 n
0000008521 00000 n
0000011970 00000 n
0000012062 00000 n
0000012098 00000 n
0000012212 00000 n
0000012241 00000 n
0000012350 00000 n
0000012374 00000 n
0000012471 00000 n
0000012505 00000 n
0000012623 00000 n
0000012674 00000 n
0000012708 00000 n
0000012751 00000 n
0000012792 00000 n
0000012833 00000 n
0000012917 00000 n
0000013071 00000 n
trailer
<]>>
startxref
16445
%%EOF