Biography: Gábor Hanák


Gábor Hanák began his tenure as President-elect of the International Actuarial Association on January 1, 2018.

As President-elect he is a leader and Officer of the Association, a member of the Executive and Nominations Committees, and Chair of the Strategic Planning Subcommittee, having previously served as a member of the Actuarial Standards Committee (ASC) from 2011-2017, including several ASC task forces, and other IAA committees.

Gábor was born in Budapest, Hungary in 1954. He graduated with a degree in mathematics from Eötvös Loránd University, then obtained a second degree in actuarial science.

He began his career as a researcher in optimal stopping times at the Mathematical Institute of the Hungarian Academy of Sciences. He switched to insurance in 1991 serving in various actuarial roles and then went on to serve as CEO of Swiss Life in Hungary. Later, he formed his own actuarial consultancy before joining KPMG in 2008. Since then, he has been working as actuarial director involved in KPMG’s advisory and audit projects locally and regionally in Central and Eastern Europe.

In 1991, he participated in the foundation of the Hungarian Actuarial Society (HAS) and has been serving on the board until 2017. He served as Secretary of the HAS from 1991 to 1995, and in 1995 he was elected as President for two 2-year mandates. In 2007, he was re-elected as President and served another four years.

He has participated in building international connections of the HAS. In 2000 and in 2004 (upon joining the European Union), the HAS was admitted as a Full Member association of the IAA and the Groupe Consultatif Actuariel Européen (the predecessor of today’s Actuarial Association of Europe (AAE), the professional body in Europe), respectively. In 2009, he was elected Second Vice Chairman of the AAE, and went on to serve as Chairman from 2011-2012. In 2014, he was elected Chairperson of the Standards Project Team of the AAE, which is equivalent to the ASC in the IAA. He also represented the AAE at the Standard Setters Round Table between 2014 and 2017. In 2016, he was elected as an Honorary Fellow of the Institute and Faculty of Actuaries (UK).

Gábor used to play basketball when he was a student and enjoys reading books and listening to classical music these days. He and his wife, Ágnes, reside in one of the suburbs of Budapest.

January 2018