May 9, 2017 | version française

IAA Admits its 70th Full Member Association—the Asociación Centroamericana de Actuarios

The International Actuarial Association (IAA) is pleased to announce that it has admitted the Asociación CentroaAsociación Centroamericana de Actuariosmericana de Actuarios (ACEA)/Central American Actuaries Association as its 70th Full Member association. The ACEA, established in 2015, has a membership comprising 10 fully qualified actuaries from Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and is currently led by President Orlando Sanchez Avilés.

The ACEA objectives in Central America include: organizing and promoting activities related to the actuarial profession; promoting professional standards among its members and ensuring adequate performance; serving as interlocutors on behalf of the profession with local regional authorities, while ensuring that all activities are in the public interest.

As one of its first international initiatives, the ACEA will be hosting a joint Colloquium of the ASTIN & AFIR/ERM Sections of the IAA from August 20-24, 2017 in Panama City.

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. Several volunteers from both committees were instrumental in progressing the AST’s admission process.

This activity 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.

Please click here to learn more about membership of the IAA, or contact the Secretariat.