Tom Terry

Biography: Thomas S. Terry

Immediate Past President

Tom Terry served as President of the International Actuarial Association (IAA) in 2017. In 2018, he serves as an Officer of the IAA as Immediate Past President, a member of the Executive Committee, and Chair of the Nominations Committee. 

Mr. Terry's involvement in the work of the IAA started in 2009 as a delegate to the Pensions & Employee Benefits Committee, after which he served as Vice-Chairperson from 2010 to 2012 and Chairperson in 2015. Over the years, Mr. Terry has also served as a member of the Accreditation Committee, Mortality Working Group, Strategic Planning Subcommittee and various task forces.

Tom was born in Rochester, New York, United States in 1951. He graduated with a Bachelor of Science, majoring in Mathematics and Physics, from Tufts University, then went on to obtain a Masters of Actuarial Science from the Graduate School of Business Administration at the University of Michigan.

Today, Tom is CEO of The Terry Group, which provides strategic and technical consulting services in insurance, healthcare and retirement as well as litigation support and expert testimony. He has held previous leadership positions in J.P. Morgan, CCA Strategies, and Towers Perrin.

He is also chair of the Board of Actuaries, the advisory and oversight board for the Civil Service Retirement System and the Federal Employees Retirement System covering over five million participants. 

Tom also chairs the board of an organization housing a graduate university conducting research and offering masters and doctorate degrees in human potential.

Finally, Tom chairs the board of the global Aging Institute, a research and educational organization committed to improving our understanding of global aging, informing policymakers and the public about the challenges it poses, and encouraging timely and constructive policy responses.

Tom has been an active volunteer in the actuarial profession. He is a past president of the American Academy of Actuaries and of the Conference of Consulting Actuaries. He also served on the board of the Society of Actuaries.

Tom enjoys an occasional round of golf and a good, solid week of skiing every winter. He and his wife, Karen, reside in the United States in Chicago – which is very good for golf (for six months of the year), but not so good for skiing! They have two adult sons.

January 2018