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Committees

Scientific

Terms of Reference

Created – 1 February 2014, Updated - 9 August 2016

1. Membership

The membership of the Scientific Committee (SC) is appointed by the Executive Committee in accordance with the criteria established through the Internal Regulations and Nominations Committee Protocol.

2. Purpose

In support of Strategic Objectives 1 and 2, the purpose of the Scientific Committee is to coordinate activities amongst working groups, to ensure compliance with IAA governance, and to provide a communication vehicle to supranational organizations.

3. Role

The roles of the SC encompass the following, with respect to the coordination, use and expansion of the scientific knowledge and skills of the actuarial profession:

  • To oversee the development of workplans for working groups and the implementation of goals in relation to the IAA Strategic Plan;
  • To facilitate and/or assign supranational projects to working groups;
  • To issue communications to external groups on behalf of working groups;
  • To ensure the work of working groups is coordinated with other committees and sections
  • To review the performance of working groups in achieving their goals.
  • To review the scope and establish membership criteria for working groups;
  • To recommend to EC the establishment/disbanding of working groups.

4. Decision-making Authority

The Committee operates within the IAA Statutes and Internal Regulations, including making recommendations for action by Council or the Executive Committee, as appropriate.

5. Operational Matters

Frequency of Meetings:
The Committee meets at least twice a year in conjunction with each IAA Council meeting and may also meet by teleconference or electronic link as required.

Agendas and papers:
All meetings will have a formal agenda prepared by the Chairperson that generally must be distributed, along with required papers, at least one week before each meeting and made available on the Committee page on the IAA website.

Minutes:
Minutes will be prepared and distributed as soon as practicable after each meeting and will be made available on the Committee page on the IAA website.

Votes:
The committee shall attempt to make decisions by consensus. However, where necessary, decisions may be made by a simple majority of the Committee members voting either at the meeting or electronically, with the Chairperson having a casting vote in the event of a tie.

Reporting:
The Committee reports to the Executive Committee (EC). To facilitate communication, the EC appoints one of its members to serve as the EC liaison person.

The Committee Chairperson will submit a proposed workplan, incorporating the workplans of all working groups and, where applicable, a related budget for the coming year, for EC consideration and approval.

The Chairperson will provide a written update report to the IAA Secretariat after each bi-annual Committee meeting.

Internal Liaison:
The Committee will liaise with other IAA Committees and Sections as required to carry out its role and activities, and help these committees achieve theirs.

External Liaison:
The Committee will liaise with external stakeholders as required to undertake its role and activities. These liaisons are subject to requirements and/or processes of the IAA Statutes and Internal Regulations, and established policies and protocols. Public statements are made in accordance with the Branding Policy and the Due Process for Making a Public Statement.

Other operational matters:

The Committee will share information regarding developments and initiatives via the Committee page on the IAA website.

6. Working Groups

  • Banking
  • Big Data
  • Microinsurance
  • Mortality
  • Population Issues
  • Resource and Environment