November 15, 2016 | version française

IAA and Institute of Actuaries of India Host Regional Development Seminar

The Institute of Actuaries of India (IAI), in collaboration with IAA Fund and the IAA Asia Subcommittee, hosted a regional seminar in India to support the development of the actuarial profession in the Asia Pacific region.

The seminar took place on 9 November in Gurgaon, India prior to the 20th Asian Actuarial Conference, and was attended by more than 70 participants from 26 countries from the region, as well as the U.K. and the U.S.

The seminar, moderated by Ms. Mary Frances Miller, former chairperson of the IAA Education Committee and representative of the Casualty Actuarial Society, featured a thought-provoking agenda around the theme Asia’s Actuarial Profession: Path and Progress. Twenty speakers and moderators took part to deliver sessions on the following topics:

  • Asia and Actuarial Profession
  • Australian Life Insurance – recent experience and lessons for Asian Markets
  • Round Table on Educating Actuaries in Asia
  • Emerging Global Actuarial Issues and Opportunities for Asia
  • Professional Conduct, Ethics, Values and Disciplinary Processes
  • Wider Fields for Actuaries - Data Science and Artificial Intelligence in Banking Risk Management
  • Asia's 3-pillar Retirement Framework

Mr. Lindsay Smartt remarked: ”As President of the Actuaries Institute Australia, I jumped at the opportunity to present at the regional seminar. I was able to share observations relevant to the Asian region from the Australian market, where the profession has been actively involved in the IAA for a long time.”

The IAA is actively working with associations in the region, such as the Actuarial Society of Sri Lanka, towards attaining full member status in the near future.  Other developing actuarial associations seeking to become members of the IAA, and those wishing to establish new associations are encouraged to seek assistance from the IAA.

Ms. Miller commented that “It was wonderful to see how rapidly the profession is growing in Asia. It is clear that many young actuaries in the region are committed not only to their own careers, but also to professionalism and the contributions actuaries can make to the public good.”

This activity supports the IAA’s mission to promote professionalism, develop education standards and encourage research while representing and promoting the role, reputation and recognition of the actuarial profession. Further, it contributes towards achieving the IAA’s strategic objective to support the development, organization and promotion of the actuarial profession in areas of the world in which it is not present or is not fully developed.

To learn more about the work of the IAA Fund, contact its Chief Executive, care of the Secretariat