August 12, 2014 | version française

IAA Hosts Role of the Actuary Seminar in Myanmar

The International Actuarial Association hosted a seminar in Yangon, Myanmar, on July 14, opened by His Excellency Deputy Finance Minister Dr Muang Muang Thein, focusing on the role of the actuary in the financial sector.

The seminar, attended by 70 participants, featured the role of the actuary in the following areas:

  • Economy and the financial sector;
  • Life insurance;
  • General insurance;
  • Microinsurance; and
  • Prudential supervision,

as well as showcasing the development of the profession in other Asian countries.

Speakers included Darryl Wagner, Chairperson of the Asia Subcommittee of IAA’s Advice & Assistance Committee; Chris Daykin, Executive Director of the IAA Fund; Kirsten Armstrong (Australia); Liyaquat Khan (India); and Chi Cheng Hock and Scott Yen (Singapore).  The seminar was supported by Prudential Assurance Holdings Ltd Myanmar office.

Participants also made initial contact with faculty members of the Yangon Institute of Economics, where discussions were initiated with professors of the MBA and economics departments.

In the wake of the seminar, participants will encourage more people to take actuarial exams, and an exam centre will be opened in Yangon.

This activity contributes towards achieving the IAA’s strategic objective to support the development, organization and promotion of the actuarial profession in areas of the world in which it is not present or is not fully developed.

To learn more about the work of the IAA on this topic, please contact the Secretariat.