The Fourth IAA Fund Seminar for Latin America, hosted by the Colegio Nacional de Actuarios (CONAC) – our Full Member Association in Mexico, was held in Mexico City on October 5. The event followed on the ASTIN, AFIR/ERM and IAALS Colloquia also held in Mexico City.

The Seminar was attended by 93 participants from 9 Latin American countries as well as attendees from Canada, USA and Mexico. The Latin American countries had 19 representatives coming from: Argentina, Colombia, Ecuador, Honduras, Panama, Peru, Trinidad and Tobago, Uruguay and Venezuela.

Cecil Bykerk, Immediate past President of the IAA, and Juan Carlos Padilla, IAA Council Delegate and past member of the IAA Executive Committee, opened the Seminar. The program also included presentations from the following speakers:

Manuel Aguilera, President of the Mexican Insurance Commission, on the topic of Solvency II;
Tarmo Koll, Chairman of the IAA Advice & Assistance (A&A) Committee, on the role of the A&A Committee as well as the experience of the Estonian Actuarial Association on becoming a full member of the IAA;
Rodrigo Silva from Colombia and Armando Orta from Mexico, on pension subjects; and
Enrique de Alba, Mario Odaz and Salvador Pérez, from Mexico, and Eduardo Melinsky from Argentina, on catastrophic risk, enterprise risk management and education.

José Luis Lobera, Chairman of the Latin America Subcommittee, closed the event. A follow-up event is being scheduled for the first quarter of 2013 in Lima, Peru.

The IAA Fund gave bursaries to selected delegates from the Latin American region who are leading efforts to develop the actuarial profession in their countries. This initiative was helpful in achieving a good spread of participation from different countries in the region. The CONAC supported these participants with a reduced registration fee to the Colloquia, as well as an invitation to the gala dinner.

This activity, which is supported by the IAA Fund Subcommittee of the A&A Committee, meets the IAA’s Strategic Objective 4 which is to stimulate and support the development of the actuarial profession and actuarial education in actuarially-developing countries. To learn more about the work of the IAA Fund, contact its Chief Executive, care of the IAA Secretariat.

Fourth IAA Fund Seminar for Latin America – Mexico City