Moving the Profession Forward Internationally

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Disbanded Committees and Task Forces

IAA Fund – The objective of the IAA Fund is to stimulate and support the development of the actuarial profession and actuarial education in actuarially developing countries, in particular where there is no professional association or where the local association is at an early stage of development. (Disbanded by Council on April 22, 2017)

China – To provide advice and assistance that will support the development, organization and promotion of the actuarial profession and actuarial education in China. (Disbanded by the Advice and Assistance Committee on April 8, 2011)

ComFrame (Task Force) – The ComFrame Task Force was appointed for a limited term to assist the ComFrame Task Force of the International Association of Insurance Supervisors (IAIS) in developing the common frameworks for the supervision of internationally active insurance groups in order to have actuarial principles realised where appropriate and assist the IAIS in the development of ComFrame relating to matters such as solvency requirements on capital adequacy, internal models, enterprise risk management, investment, valuation of assets and liabilities and the role of the actuary. (Disbanded by the Insurance Regulations Committee on October 2013)

Convergence of Actuarial Standards – In order to support the development and implementation of the Strategy of the IAA, the Task Force should develop a discussion paper on the IAA strategy in respect to the international convergence of technical actuarial standards. Note that ethical standards are already convergent because all IAA member associations follow the IAA requirements for Codes of Conduct. (Disbanded by the Executive Committee on October 12, 2010)

General Actuarial Practice (Task Force) - (Disbanded by the Actuarial Standards Committee on December 19, 2012)

Governance Review (Task Force) – (Disbanded by the Executive Committee on March 27, 2014)

IAS 19 (Task Force) - (Disbanded by the Actuarial Standards Committee on June 29, 2015)

International Education Program Responsible for the development, implementation and organization of an International Actuarial Education Program (IAEP). (Disbanded by Council on February 14, 2010)

IEPC Steering CommitteeResponsible for negotiating an agreement with external international donor entities to secure funding for the Feasibility Study and for ensuring completion of the Feasibility Study in accordance with these terms of reference.

Member ServicesTo fulfill the various professional needs of the individual members within the IAA and to facilitate communication among interested individual members. To encourage the involvement of all members with IAA activities and to support the existing Sections. (Disbanded by Council on October 12, 2010)

Permanent Structure for International Actuarial Standards – To review the ideas in the Report of the Convergence of Actuarial Standards Task Force and to seek input from other organisations. Prepare papers for discussion by the EC and Council and a final proposal for approval by Council. (Disbanded by the Executive Committee on May 26, 2012)

Regulated Professions (Task Force) – (Disbanded by the Executive Committee on September 11, 2014)

Revenue (Task Force) – (Disbanded by the Executive Committee on December 22, 2014)

Risk Crisis – To provide advice and guidance to the sub-group of the Enterprise and Financial Risk Committee. In accordance with the IAA’s vision statement identifying the management of risk as a key area of actuarial expertise, the sub-group has been tasked with preparing an appropriate reaction by the IAA on behalf of the global actuarial profession to the recent financial crisis. (Disbanded by Council on February 14, 2010)

Role of Actuaries in ERM – Develop a short statement positioning actuaries relative to others in the risk management field and emphasizing the importance of professionalism in risk management, Identify areas where the IAA can help to further the development of the actuarial brand in the ERM area and prepare a recommended action plan for consideration by the Executive Committee. (Disbanded by the Executive Committee on September 7, 2010)

Role of the Actuary – To draft a value proposition for the actuarial profession, develop a short statement positioning actuaries relative to others and emphasizing the importance of professionalism, identify areas where the IAA can help to further the development of the actuarial brand and prepare a recommended action plan for consideration by the Executive Committee (EC). (Disbanded by the Executive Committee on June 18, 2013)

Social Security (Task Force) - (Disbanded by the Actuarial Standards Committee on November 12, 2013)

Strategic Action Plan for ISAPs (Task Force) – To develop a strategic action plan for ISAPs for consideration by the Executive Committee (EC), taking into consideration the EC discussion paper on a strategic plan for ISAPs dated October 17, 2012 and feedback from Council at its November 18, 2012 meeting. (Disbanded by the Executive Committee on June 18, 2013)

Supranational Relations – To identify, establish and manage relationships with key international audiences and bring them in contact with the relevant actuarial groups (IAA Committees, IAA Sections or local associations) that will provide them with actuarial input to improve the soundness of the decisions being made on important global issues. (Disbanded by the Executive Committee on April 9, 2015)

Syllabus Review Task Force – To recommend new education requirements and a resulting syllabus for a member to be recognized as a fully qualified actuary in a full member association of the IAA. (Disbanded by the Education Committee on May 26, 2016)