July 30, 2013 | version française

IAA Releases Papers on the Role of the Actuary

The International Actuarial Association (IAA) is pleased to announce the publication of two papers. The first is a basic premise - a Value Proposition for the actuarial profession; the second is an extension of this into what we, as actuaries, do - Role of the Actuary.  The papers were prepared by a task force of the IAA Executive Committee.

These papers are intended to help someone who is unfamiliar with the work of actuaries to understand when and why to engage the services of an actuary; to demonstrate the value to users of actuarial services of engaging qualified actuaries; to serve as a basis for equipping spokespeople (for example, IAA officers, chairpersons, leaders of member associations) to convey the value of the qualified actuary in their respective jurisdictions; and to serve as a basis for drafting communications which reference actuaries.

IAA President Kurt Wolfsdorf states “Ultimately, we hope that the Value Proposition and the Role of the Actuary papers will form a foundation to assist in developing a strong global brand for the actuarial profession. Our profession needs to be differentiated from other professions. A first step in this strategy is to build a strong brand within the current and potential users of actuarial services.”

These papers are available on the IAA website under About the IAA – About Actuaries.

This activity is in support of the IAA’s Strategic Objective to improve recognition of the actuarial profession among external audiences. To learn more about the work of the IAA on this topic, please contact the IAA Secretariat.