Terms of Reference
Created – 1 September 1996, Last revised – 22 September 2020
Membership of the Committee is open to all IAA Full Member Associations.
- To support the development of the actuarial profession in areas of the world in which the actuarial profession is developing.
- Coordinate management of relationships with developing associations.
- Facilitate the interaction of stakeholders, both internal and external to the IAA, who support development of associations.
- Supporting the delivery of services to associations and their members working in concert with AWB and other entities.
- Ensure coverage of developing association relationships and report on the development of these associations to all relevant IAA bodies.
4. Decision-making authority
The Committee operates within the IAA Statutes and Internal Regulations and makes recommendations for action by the Council or the IAA Executive Committee, as appropriate
5. Operational Matters
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 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.
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 event of a tie.
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 and, where applicable, a related budget for the coming year, for Executive Committee consideration and approval. The Chairperson will provide a written update report to the IAA Secretariat after each bi-annual Committee meeting.
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. This will include at least, where relevant, the Membership Committee, the Education Committee, and the Professionalism Committee in relation to education requirements, qualifications to practice and other aspects of professionalism relevant to IAA membership. The Supranational Relations Committee in relation to interests of supranational bodies in the development and roles of the actuarial profession, and IAA Sections, in relation to creating opportunities for actuaries and others from actuarially developing countries to participate in seminars, colloquia, and congresses of the IAA and its Sections.
The Committee takes a particularly active role in liaising with the Actuaries Without Borders (AWB) section:
- Normally the IAA Nominations Committee appoints two members of the Committee or its Task forces to serve as IAA delegates to the AWB.
- The Committee looks to the AWB as a key supplier of resources for initiatives taken by the Committee in fulfilling its roles.
- The AWB Executive Director serves as a liaison member of the Committee. The AWB Committee appoints a second liaison member to the Committee and a liaison member to each of its regional task forces.
- Through the liaison roles, the Committee ensures appropriate co-ordination and non-overlap of the activities and projects of the AWB with its own.
The Committee working jointly with Supranational Relationship managers and/or actuarial association, will liaise with external stakeholders as required to undertake its role and activities.
Other operational matters:
The Committee will share information regarding developments and initiatives in relation to matters relevant to supporting the development of the actuarial profession and actuarial education in actuarially developing countries/regions via the Committee page on the IAA website.
The Committee with identify, in its workplan, any risk exposure to the IAA from its actions or decision-making and consider risk-mitigating strategies as part of its operations.
6. Taskforces Reporting to the Committee
The taskforces of the Advice and Assistance Committee are:
- the Africa Task Force
- the Asia Task Force
- the Eurasia and Middle East Task Force
- the Latin America Task Force
The Chairperson of the Committee is an ex officio member of each of these task forces.
The work of the Committee in the areas addressed within the scope of a task force's Terms of Reference will be conducted primarily by that task force of the Committee, with regular reporting to and oversight by the Committee.
The committee may form working groups and task forces as necessary, and involve AWB resources.