IAA Welcomes Two New Member Associations
The International Actuarial Association (IAA) is pleased to announce that it has admitted the Macedonian Actuarial Association (MAA) as its 68th Full Member association. The MAA was established in 2004, and has a membership comprising 28 fully qualified actuaries, and is currently led by the newly elected president, Vladimir Bubalov.
The MAA objectives include: monitoring and promoting the development of the actuarial profession; assisting members in their professional development as actuaries; and, cooperating with scientific institutions, international actuarial associations and other related associations.
Also, it was only fitting that during its recent meetings in St. Petersburg, Russia, the Council of the IAA, also admitted the Association of Professional Actuaries (APA, Russia) as its 30th Associate Member association. The APA, which was established in 2013 is currently presided over by Vyacheslav Sherstnev.
The representatives of the MAA and APA have access to all IAA communications and can also attend regional seminars and IAA biannual meetings in order to stay up to date with developments in the international profession and network with their global peers.
Joining the IAA brings with it numerous benefits, including advice and assistance from various expert committees on issues such as codes of conduct, standards of practice, disciplinary processes, education criteria, and more. Support is provided through various regional subcommittees of the Advice & Assistance Committee to assist member associations in their development.
Admission as a Full Member follows a thorough process that includes a review of the applicant association’s education program; Code of Professional Conduct; formal discipline process; and, where applicable, formal process for the adoption of standards of practice. The Accreditation Committee reviews each of these documents to ensure compliance with IAA requirements, and the Education Committee determines whether the education requirements for a particular association or programme meet the standards set down in the IAA Education Syllabus and Guidelines.