IAA and AAE in Joint Discussion Forum with ILO and ISSA in Geneva
For the last 6 years, the IAA and Actuarial Association of Europe (AAE) have organized a discussion forum together with two important international bodies - the International Labour Organization (ILO), and the International Social Security Association (ISSA). The purpose of this forum is to exchange views on current projects and issues, and to seek further areas of collaboration - all to help improve the soundness of decisions being made on societal issues having a global impact. On September 30th sixteen participants from the four organizations engaged in a full day of discussions.
An important activity at the ILO and ISSA has been the establishment of Guidelines on Actuarial Work for Social Security. This project is nearing maturity with a launch due in the new year; the IAA has been requested to provide input into this process.
Recently, the ILO has focused on employment injury insurance in global supply chains. Issues and examples (in particular from Bangladesh) were presented, and the IAA has been asked for any insights it can offer.
The AAE presented work carried out on the aging population and from its adequacy task force. The sustainability and adequacy of pension systems remains an important topic for the ILO and the ISSA, not least the issue of how to best measure these concepts, and the need for continued work and dialogue on these subjects was emphasized.
Strong interest was shown in the draft IAA paper on long term care, which, in particular, highlighted the changing demand. The IAA will welcome comments on the paper in due course.
The Forum also discussed the International Public Sector Accounting Standards Board’s consultation paper on the recognition and measurement of social benefits, as well as the European System of National and Regional Accounts (ESA 2010). The need to continue to present the arguments for accounting mechanisms that give a more sensible picture of the sustainability of social benefits systems was discussed and agreed by all participants.
IAA President Malcolm Campbell and Health Committee members Roseanne Da Silva and Christelle Dieudonné also met separately with Craig Churchill, Chief of the ILO Social Finance Programme Enterprises Department, to discuss health and micro insurance and possible areas of future collaboration.
To learn more about the work of the IAA in this area, please contact the Supranational Relations Manager at the IAA Secretariat.